Decision sciences seeks to improve managerial decision making through the application of formal scientific methods of analysis and synthesis. Based on concepts derived from mathematics, economics, statistics, and computer processing, this area of study includes work in optimization methods, simulation, probability theory, statistical methods, and model building. Students may choose a theoretical or practical orientation with application to a particular area of interest, such as finance. Careers may be directed toward staff or line functions in many different fields. Successful enterprises must have effective systems for producing and distributing their goods and services. The DS curriculum emphasizes managerial decision making in production and operations, its tie-in at the managerial level to other key organizational functions (e.g., design, finance, engineering, marketing), and its importance to a firm's competitive well-being overall. OTM studies cover operations and technology strategies, product design and development, and operations. Graduates versed in operations and technology management have a wide variety of career opportunities in high-technology companies, independent consulting firms, and entrepreneurial ventures.
Concerned with the application of microeconomic and macroeconomic principles to the conduct of business, this program gives particular emphasis to understanding both the decision-making process of different economic agents (consumers, firms, the government) and the way in which the surrounding economic environment at the national and international levels affects management decisions. Significant emphasis also is placed on the global economy, including the way in which other countries' policies affect our immediate environment. Issues related to pricing, conflict resolution, balance of payments, interest rate arbitrage, and exchange rate dynamics are addressed in some detail.
Finance Area at XIMB focuses on four major groups of courses: foundational finance courses (the Core), Corporate Finance, Debt Markets, and Specialized Financial Products and Services (which consists of three segments: Banking, Equity, and Others). Towards valuing securities, projects, and enterprises, the discipline teaches students how to derive and analyze cash flows of various instruments, assets, projects, and corporations, both in the domestic and the cross-border scenarios. In this context, understanding and measuring risk become important, as do various ways of risk-management, especially with the use of derivative contracts and instruments.Naturally, students get thorough expertise in deciding whether or not to invest in a capital project or in a financial security; they also get to understand the other side, how to raise the financing required for investment from various sources. Thus, familiarity with various banking and non-banking financial-services as well as real-estate and insurance business follows. By the end of the program, students are well-set to take day-to-day, short-term, and long-term financial decisions as well as strategic ones. The Area offers core courses in various programs of XUB (Xavier University – Bhubaneswar) and a “specialization” for the MBA-BM (Business Management) students at XIMB. It has also just launched a finance super-specialization program, MS (Finance), in collaboration with the reputed Gabelli School of Business of Fordham University in New York, whose finance programs are highly-ranked in USA; eligible students would have the option to go to Fordham for obtaining an MSGF (Master of Science in Global Finance), while getting an MBA (Finance) from XIMB, XUB. XIMB’s Finance Area takes great pride in having its majors placed in high positions in top companies all over the world.
General Management: The general management course curriculum provides a vital role in every management education.
The General Management area is concerned with the leadership and management of the enterprise as a whole. This concern encompasses:
Strategic Management: Strategic management refers to the processes through which organisations establish their long-term sustainability and improve upon their potential to serve their stakeholders. Although the senior-level management is generally said to be responsible for ensuring an organisation's long-term viability in a changing environment, strategic management focuses on the implications of this task at various levels within the organisation. It is based on the appreciation that decisions critical to an organisation's future maybe taken in different functional areas, namely finance, production, marketing, human resource, and information systems with an understanding that such decisions do impact the entire organization. Therefore, topics in strategic management focus on cross-functional issues, such as competition, cooperation, purpose, growth, innovation, governance, size, efficiency, control, asymmetries in firm design, sustainability, and so forth.
Courses in this area seek to build a student's competence in appreciating and understanding the context in terms of an organisation's internal capabilities and external conditions, so as to analyse the alternatives pathways for its long-term development. In dealing with these topics, strategic management acknowledges organisations as social systems, interacting with society, reflecting and conditioning the characteristics of that society simultaneously. Overall, subjects in strategic management are designed and developed to sensitise students to the challenges of both industrial and non-industrial organizations across space and time, understand the intricacies of complementation and integration of various fields of management and raise questions on how these enterprise systems could operate sustainably in the long run.
The people aspect of business, Human Resources is increasingly being recognized as strategic contributors to overall business success. Human Resources plays a pivotal role in integration of business and human resources strategies.The importance of Human Resource Management and Employee relations requires attention to dedicated training in this field.
The courses offered in Xavier University, focus on human resource strategies and best practices within national and global organizations and the use of current technologies to analyse and improve organizational capacity, integration and productivity.Incorporating hands-on learning experience and industry projects from various organizations, our pedagogy ensures a comprehensive & exhaustive curriculum for learning by some of the best minds in the field, enabling students to hone their skills and knowledge to excel in this field.
In a world driven by information technology, the Information Systems Area has a very important role to play. It is to (a) sensitize our students to the stategic importance of information technology for organizations, (b) being more at ease with information technology and thereby enhance personal productivity and (c) learn methodology for building corporate information systems.
The marketing curriculum provides flexibility for students seeking careers in the field. The courses deal with behavioral concepts and quantitative methods from a marketing management point of view and provide opportunities for applying knowledge in a wide range of profit and nonprofit situations. The marketing curriculum leads to such career opportunities as product management, industrial marketing management, advertising, sales management, marketing research, retailing, and consulting. A variety of teaching methods and materials assures a balanced exposure to theoretical problems and concrete managerial situations covering consumer and industrial products and services.
Operations Management (OM) entails managing all activities related to production and delivery of physical goods and services. OM has gained prominence in recent years because many organizations have realized that sustainable competitive advantage in today’s dynamic and volatile market place can be achieved through renewed focus on efficiently managing their operations.
The faculty members in the OM area at XIMB/XUB offer expertise in several areas related to manufacturing and service by offering courses in operations management, supply chain management, project management, service operations management, manufacturing and service strategy, quality management, and global sourcing & lean materials management. In addition, faculty members are actively involved in conducting research, offering consulting services, participating in management development programs, and mentoring students.
Organizational Behaviour (OB) curriculum provides a field of study that investigates the impact that an individual, groups and organizational structure have on behaviour within the organization, for the purpose of providing such knowledge towards improving an organizational effectiveness. The Organizational behaviour course helps to develop the managerial skills and knowledge to people in the organization. This is done scientifically; therefore organizational behaviour field is a scientific discipline.
The OB courses provide students to better understand self in social world, how to work in teams and to understand the dynamics of organization structure and design. The methods of teaching are very innovative and creative, which includes discussing relevant cases, psychometric tests, role play, and socially relevant projects.
Exploring the application of management principles and practices by organisations to the underserved rural areas constitutes the remit of the rural management and development area. The area draws upon the multi-disciplinarity of social sciences in development studies and offers courses that look into these applications in diverse domains. This includes issues of livelihood and production planning, governance and public policies in development administration with management applications in unconventional organisational structures like cooperatives, community-based organisations and newer social enterprises and social ventures within emerging areas of social entrepreneurship. Sectoral focus includes managerial applications in development induced displacement and rehabilitation, disasters, health care and the management of natural resources and ecosystems. Courses in this area also cater to emerging business development opportunities in rural areas with focus on rural markets, agri-business etc. A third stream of courses explores inclusive financial services through micro-finance, development banking and insurance with the increasing emphasis on inclusive financial services.
Courses in this area seek to strengthen the understanding of rural India as a dynamic social force impacting and impacted upon by business, government and society through development organisations and their newer forms as social enterprises. The pedagogy often involves field visits and specialised case studies and the attempt is to strengthen the ability of students to design systems that can make connections and plan actions that would tilt the balance of power towards the rural poor.
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