FIRST YEAR – CORE COURSES
- 1. Quantitative Methods-I
- 2. Quantitative Methods-II
- 3. Business Communication-I
- 4. Business Communication -II
- 5. Marketing Management-I
- 6. Marketing Management-II
- 7. Financial Accounting and Reporting
Quantitative Methods-I
Modern management is increasingly adopting quantitative methods in making strategic decisions. Though the uncertainty in business environment is increasing, the available data for making decision is also increasing at an extremely high rate. Managers are required to collect, analyze and interpret mathematical output for making decisions. The course has been designed to develop familiarity with application of statistical methods in managerial problem solving and decision-making. The main objectives of the course is to understand why and when various statistical and mathematical methods are used, to understand the assumptions and limitations of various quantitative techniques, to provide students with necessary statistical and IT skills for data analysis and to learn critical reasoning, innovative approaches and creatively presenting solutions.
Quantitative Methods – II
The purpose of this course is to equip the participants with the relevant tools and techniques for applications in solving managerial problems. They shall be exposed to fundamental optimization procedures and techniques to attain skills at structuring business problems and modeling them as mathematical program, software to solve such models, interpret solutions and use the solutions to answer domain-specific questions. The focus of this course will be on applications of quantitative methods in modeling business situations and will be carried out primarily by self learning, critical reasoning, innovative & creative approaches to problem solving and logically presenting solutions.
Business Communication – I
The main objective of the course is to develop and strengthen both the decision making and communication abilities of students. In service of this goal the course will focus on preparing and writing decision reports. These reports will be based upon case studies involving a company, which is at a “cross road” i.e. a situation where a decision has to be made in regards to the particular course of action/remedy the company should adopt.
Business Communication – II
Communication process in organizations is not only about the written form. It involves a substantial amount of oral/non-verbal communication as well. Importance of non-written communication can hardly be overemphasized in the context of any organization. For any professional, it is important to be aware of certain techniques for using oral/non-verbal communication to the best of his/her advantage. This course is designed to make students aware of these techniques for the purpose of effective communication, which will be crucial for their professional career. This course will primarily will focus on the importance of “non-written” communication in organizations, tools and techniques of oral communication and how to use body-language as a tool for successful communication.
Marketing Management – I
This course develops student's basic analytical skills, conceptual abilities, and substantive knowledge in marketing through exercises in decision making in a variety of real-life marketing situations. This course is intended to be a foundation for those who plan to take marketing in the second year. The first year marketing course has evolved around the concept of marketing mix. Marketing mix elements consist of product policy and design, pricing, choice of marketing intermediaries, methods of physical distribution, use of personal selling, advertising and sales promotion, marketing research, and marketing organization. Devising an effective marketing mix and strategy to exploit a market opportunity in the context of a given environment calls for careful decisions on use of each of the elements of marketing mix for obtaining best results.
Marketing Management – II
This is a continuation course and builds on topics covered in Marketing-I. The objectives continue to develop participants’ basic analytical skills, conceptual abilities and substantive knowledge in the field of marketing management. It seeks to achieve the objectives by helping participants undergo meaningful exercises in decision making in a variety of real life marketing situations. This course continues to build a foundation for those participants who plan to take marketing specialization in the second year.
Financial Accounting and Reporting
This course defines the meaning & purpose of financial reporting, provides an introduction to the framework of Generally Accepted Accounting Principles (GAAP), comprehensively covers the complete accounting cycle from first step of journalizing to the final preparation of financial statements, highlights the limitations, controversies, problems, and shortcomings of accounting information, stresses on interpretation of some selected accounting policies and discusses the methods for analysis and interpretation of financial statements.
Management Accounting
This course aims to provide conceptual understanding of cost and management accounting techniques and practices for business analysis and decision making, to develop the ability to understand, analyze and use cost information in day to day business functioning, to acquaint the students in brief with cost and management accounting mechanics, processes and systems, the emphasis is however laid on sound concepts and their managerial implications and to discuss contemporary issues in cost and management accounting with reference to their practical applications.
Organizational Behavior
This course aims to provide a framework to the students to understand the behaviour dynamics in work at organizations at the individual and group level, develop an understanding of the interpersonal processes and group dynamics, theoretical understanding of the organization as a unit of analysis, external and internal environment of organizations and develop knowledge of organization structure and culture which effect the organization as a system.
Human Resource Management
This course aims to provide comprehensive review of personnel management concepts, processes and techniques, to make students aware of importance of HRM and its alignment with organizational strategy, to become aware of real life examples of how managers manage based on facts and evidence and to develop basic skills required by human resources managers in challenging times.
Business Research Methods
The aim of this course is to understand the relationship between research and business, to understand the process of research, to comprehend different types of research designs, to describe the appropriate and applicable research approaches, methodologies, methods and techniques for a research problem and to understand and develop business research reports.
Operations Management
This course aims to understand and appreciate the role of operations in the firm’s overall strategy and its interdependence with the other firm functions, to learn the key concepts, basic issues, capabilities, limitations, and tools/technologies related to the operations function in manufacturing and services firms and to develop analytical and problem solving skills specific to operations area.
Financial Management-I
This course is aimed at providing a brief history of finance, a framework of understanding financial markets, architecture and systems. It seeks to provide students approaches in financial analysis, the finance function and its interrelatedness with other areas of business. It aims to enable students to develop an understanding of decisions in finance, working capital and capital allocation in general.
Enterprise Systems
The objective of this course is to describe key business processes and identify the main integration points between and among processes, to understand the cross-functional nature of processes and their relationship to organizational areas, to illustrate enterprise integration using System Application Product (SAP) software and to provide hands on application of Financial Accounting (FI), Controlling (CO) and Enterprise Asset Management (EAM) modules of SAP.
Entrepreneurial Manager
This course helps in understanding and defining innovation & entrepreneurship, define entrepreneurship as a career and lifestyle option, develops entrepreneurial competencies and motivation, helps students develop the confidence to venture into challenging career of entrepreneurship and gives them an appreciation of the constraints an entrepreneur faces in the process of launching and managing an enterprise.
Legal Aspects of Business
This course aims to provide conceptual understanding and interpretation of business & economic legislations governing corporate environment.
Financial Management-II
This course is aimed at providing a framework of understanding essentials of capital budgeting and the issues involved in taking capital budgeting decisions. It seeks to provide students, approaches in Financing decisions, valuations and capital raising and its impact on the firm. It also aims to enable students to develop an understanding of decisions in corporate finance, fund raising, deployment of surplus and designing capital structure.
Microeconomics for Business
The main focus in this course is presenting a comprehensive and lucid exposition of micro economic theory with their applications. It helps managers decide on which products to produce, costs to consider, and prices to charge. It also helps them to decide on the best hiring policy and the most effective way of managing organizations. A good grasp of micro economics is vital for managerial decision making, for designing and understanding public policy, and more generally for appreciating how a modern economy works.
Macroeconomics for Business
This course aims to provide the basic ‘toolkit’ to analyze the prevailing economic environment within which business executives operate. It deals with measurement of macroeconomic variables, explanation of business cycles and determination of economic growth.
Global Business Environment
This course helps in understanding and defining innovation & entrepreneurship, define entrepreneurship as a career and lifestyle option, develops entrepreneurial competencies and motivation, helps students develop the confidence to venture into challenging career of entrepreneurship and gives them an appreciation of the constraints an entrepreneur faces in the process of launching and managing an enterprise.