Entrepreneurship as a field of study has gained importance pursuant to the emphasis on creating innovative start-ups and the global success of start-ups across sectors and industries. Large companies are keen to support start-ups to develop solutions in an independent and free environment, away from the corporate culture and bureaucracy, in an agile manner which large companies may find difficult to pursue. Venture capitalists are also eager to invest in innovative start-ups and nurture them to achieve scale. Start-ups are known to have a high failure rate as entrepreneurs who are often domain experts, may not have the skills to create, manage, grow and scale a venture. The Entrepreneurship specialisation is designed to train the student to become a successful entrepreneur.
The Entrepreneurship specialisation equips the student to think like an entrepreneur, an innovator and a business head. It enables the student develop a creative mindset, a problem solving attitude and result orientation, which are treasured in organizations that require self-directed individuals, to head business units over time, take over reins of a family business and to set up their own entrepreneurial ventures.
The courses develop an entrepreneurial mindset in students which differentiates them from other employees in any organization. They cover a broad spectrum of topics and skills required to think creatively, ideate solutions for difficult problems, create innovative solutions, convert them into viable opportunities, make a detailed business plan, understand the issues in financing start-ups, and scale the venture profitably. The courses go beyond mere introduction of concepts and frameworks, to include inter-disciplinary applications through experiential learning, continuous improvement and innovation, strategic planning to scale up for global competitiveness and to create economic and social value for the entrepreneur and the stakeholders.
The entrepreneurship courses start in the first year with one gateway course to expose students to the Area and make an informed decision to pursue entrepreneurship as a Major or as a Minor. More courses are introduced in the second and third years. In the last semester of the third year, students are offered two career tracks viz., Creating New Age Industries and Family Managed Business, of which they can opt for any one of them. Each of the career tracks offers three courses to provide in-depth knowledge and specialize in the field.
SPECIALIZATION AIMS
The Entrepreneurship Specialization intends to:
- Provide an integrated learning in multiple areas of knowledge through core courses in Business Management
- Develop an entrepreneurial mindset in students, to view problems as potential opportunities to create innovative solutions
- Provide students an understanding of the concepts, relevant theoretical frameworks and multiple approaches in the process of new venture creation
- Develop entrepreneurial competencies and motivation to students and help them develop the confidence to become an entrepreneur
- Help students develop their creative ability to generate business ideas and enable students to convert them into viable, scalable and sustainable business opportunities
- Equip students to think critically, objectively and innovatively to generate new business models
- Develop an effectual approach to entrepreneurship, to generate and implement solutions with available resources, expanding the horizon with the journey
- Equip students with application of numeracy to develop and effectively communicate a business plan to investors
- Educate students on the various debt and equity funding options for new ventures
- Educate students on the process and steps involved in setting up a new venture in India and familiarize them with the entrepreneurial eco-system
- Equip students to manage, take over and grow a family business
- Appreciate the importance of micro, small and medium enterprises and issues in managing them
- Understand the characteristics of doing business in rural markets and with people at the bottom-of-the-pyramid
MAJOR OUTCOMES
After successful completion of the Major, the student will be able to:
- Demonstrate basic knowledge in accounting, economics, finance, management, Entrepreneurship, and marketing in application of concepts and theories.
- Integrate the concepts of the core areas of business and apply it in various contexts.
- Understand the importance of the ethics in business activities.
- Demonstrate an entrepreneurial mindset
- Apply the tools of creativity and innovation to generate alternate solutions to real problems
- Experiment with alternate solutions to evaluate them for market acceptance
- Outline the various resources required to convert the opportunity into a real venture
- Estimate the funding needs to set up and make the venture sustainable over time
- Assess the financial viability of a new venture and recognize the importance of cash flow management
- Develop a business plan to raise finance for a venture
- Relate to the methodology used by financiers to examine a funding request
- Recognize the phases in the life cycle of a venture and its related nuances of resource requirements and management focus
- Formulate a strategy to create demand, deliver the solution and scale the venture with a sustainable cash flow
- Describe the importance of micro, small and medium enterprises and issues in managing them as an entrepreneur
- Distinguish the requirements of doing business in the rural markets and with people at the bottom-of-the-pyramid with respect to the urban and international markets
MINOR OUTCOMES
After successful completion of the Minor, the student will be able to:
- Demonstrate an entrepreneurial mindset
- Outline the various resources required to convert the opportunity into a real venture
- Estimate the funding needs to set up and make the venture sustainable over time
- Assess the financial viability of a new venture and recognize the importance of cash flow management
- Develop a business plan to raise finance for a venture
- Relate to the methodology used by financiers to examine a funding request
- Recognize the phases in the life cycle of a venture and its related nuances of resource requirements and management focus
- Formulate a strategy to create demand, deliver the solution and scale the venture with a sustainable cash flow
- Describe the importance of micro, small and medium enterprises and issues in managing them as an entrepreneur
- Distinguish the requirements of doing business in the rural markets and with people at the bottom-of-the-pyramid with respect to the urban and international markets
COURSES (CORE AND ELECTIVE)
31 MAJOR COURSES
| Introduction to Operations Research | Research Methods for Managers | Launching and Scaling up New Ventures |
| Introduction to Finance and Accounting | Financial Management | Professionalizing a Family Business |
| Consumer & Markets | Business Ideation and Lean Startup | Corporate Entrepreneurship |
| Introduction to People Management | Business at the Bottom of the Pyramid | Go To Market Strategy |
| Introduction to Entrepreneurship & Family Business | Design Thinking for Managers | Entrepreneurship in Practice * |
| Introduction to Spreadsheet Modeling | Business Ethics and Corporate Governance | CSR and Entrepreneurship * |
| Introduction to Quantitative Methods | Business Plan Development and Entrepreneurial Finance | Research in Entrepreneurship * |
| Managerial Economics | Entrepreneurial Failure and Sustenance | Running a Start-up * |
| Accounting for Managers | Managing a Family Business | Innovation Management * |
| Marketing Management | Negotiations | |
| Organisational Behaviour | Business Innovation, Entrepreneurship and Strategy |
* 4th year undergraduate courses
Introduction to operations research
The course exposes students to fundamental optimization procedures and techniques to attain skills at structuring business problems and modelling them as a mathematical program, microsoft excel to solve such models, interpret solutions and use the solutions to answer the business problem. The focus of this course will be on applications of quantitative methods in modelling business situations.
Introduction to finance and accounting
The course is aimed at baptizing the students to the vocabularies of accounting theories and practices. Beginning with the accounting concepts, introducing the basic tenets in maintaining the books of accounts, the course finally culminates into the preparation of the financial statements like income statement, balance sheet as well as the cash flow statement. It also covers the bank reconciliation statement and bills of exchange.
Consumers and markets
This course provides a conceptual framework to the students to understand the various dimensions of marketing as a discipline. It focuses on exploring various aspects of marketing, markets, consumers, their shopping behaviour and motivations. It gives broad understanding of the exciting world of shop, shopping and shopper.
Introduction to people management
This course introduces the basic context, concepts and importance of people management in organizations to students. It incorporates application of psychological and sociological concepts to provide understanding about how people work in organizations. The course familiarizes students with the fundamental ideas of organizational behavior and human resource management and prepares them for the advanced courses under the specialisation. It is designed as an essential first course for students of management and entrepreneurship, to familiarise them with the practices of managing people in organizations.
Introduction to entrepreneurship & family business
This course introduces students to entrepreneurship and family businesses. It provides an overview on how they come into being, their perspective on the ecosystem, their mindset and how they manage their enterprises.
Introduction to spreadsheet modelling
This course deals with the use of the spreadsheet to solve managerial problems. It merely highlights the use of microsoft excel as an aid in formulating business problems and invoking appropriate functions to resolve them.
Introduction to quantitative methods
This course is designed to give undergraduate students an introduction to decision making. The use of quantitative techniques is increasingly being adopted in all areas of human endeavour. The need to collect, analyze and interpret mathematical output is increasingly being appreciated for arriving at conclusions or in strategic decision making. This course will deal with fundamental concepts required to model, analyse and solve quantitative problems arising in any discipline. A student undertaking this course can have little to no formal introduction to mathematics and statistics at the higher secondary level.
Managerial economics
This course provides a foundation of economic theories and models for use in managerial decision-making. The course provides students with an overview of theories of demand, supply, production and competition and equips them with the tools and techniques to make effective economic decisions under different business environments.
Accounting for managers
Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of financial accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, management accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.
Marketing management
This course provides a conceptual framework to the students to understand the function of marketing in an organization. The course helps students to apply the marketing concepts and theories to solve case studies and projects. The course makes them vigilant of the marketing happenings in the real world and therefore importance of creating effective marketing strategies.
Organisational behavior
This course is an introduction to organizational behaviour for undergraduates. It discusses behaviour in organizations at individual, group & organizational levels and provides an understanding of the underlying aspects that drive behavior. It provides insights into the different theories and their application in the organizational context. It also enables students to understand the utilisation of different tools and practices in directing individual actions towards organizational objectives.
Research methods in management
The objective of the course is to enable students to understand the role and importance of research in improving managerial decisions when faced with uncertainty. Research methods are applied in all functional areas of business viz. Operation management, accounting, finance and marketing. The issue facing managers is not a shortage of information but how to use the available information to make better decisions. Learning this course helps students recognise that data are inherently variable and that the identification measurement, control, and reduction of variation provide opportunities for quality improvement.
Financial management
This course in financial management provides a detailed understanding of the finance function and its interrelationship with other areas of business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, financing, working capital management and dividend decisions and what are the key factors that influence these decisions.
Design thinking for managers
Design thinking (dt) is a powerful tool to tackle the unstructured & the unknown. Dt is a ‘human centered’ approach to problem solving which emerged at stanford in the 1960’s primarily as a systematic, immersive approach to product design. In recent years, it was found that these approaches can be extended to a wide category of ill-structured, real-world problems, both in emerging and developed markets alike. Dt is getting increasingly popular not only across top corporates, but also in rural, semi-urban and underserved sections of society. Given the diversity of challenges that we face today, it therefore becomes necessary to have thinkers and doers who can focus on addressing such challenges. Dt helps in building those capabilities.
Business ethics and corporate governance
The course aims to develop in the student a clear perspective on the role and responsibilities of business in society. It helps the student understand the role of ethics in business. It also dwells on corporate governance frameworks and their relevance to contemporary business environment.
Business ideation and lean startup
Getting a good business idea can be a challenging task. Even more challenging is to identify a creative or innovative one that can be converted into a business opportunity. The course is designed to expose the student to the process of ideation using techniques like design thinking and SCAMPER, the lean startup methodology, creating a value proposition, creating a business model canvas and evaluating the opportunity. These together lay the foundation of a good business opportunity.
Business at the bottom of the pyramid
The course is designed for students to appreciate the challenges and opportunities for businesses catering to people at the bottom of the pyramid. The students will examine the role of local and community enterprise models, role of financial intermediation including microfinance and impact investing, and models of local entrepreneurship to appreciate what measures can be introduced to improve long-term sustainability.
Business plan development and entrepreneurial finance
Entrepreneurs require various forms of funding during the initial stages of a new venture. They often find it difficult to raise funds to their satisfaction. The course will introduce the student to the various sources of finance an entrepreneur can explore. Financiers on the other hand, have funds waiting for deployment. They constantly seek good ventures for funding. It is said that an idea can sell itself. However, entrepreneurs need to present their idea in a manner that appeals to financiers. A business plan is a comprehensive document which captures the entire business along with plans for the future. It projects the future course of action represented by opportunities and maps the financial, operational, marketing and organizational strategies that will enable the organization to achieve its goals. The course is designed to provide the student with a conceptual understanding of the business plan document and to make one in a team of 2-3 students. The process will simulate the development of a business plan for a new venture, enabling the students to experience entrepreneurial thinking. This exercise will start from the second session and will run through the semester. It will have intermediate evaluations, a final submission and presentations.
Entrepreneurial failure and sustenance
This course discusses why startups fail, what entrepreneurs can do to reduce the probability of failure, what they should do to survive and sustain for the long haul. While most failures occur during the initial stages of a venture, many survive the journey and a few encounter late-stage failure. The student will learn how investors and financiers identify potential failures, understand some corrective measures which are available and how ventures could be bailed out. The course provides insights into the pitfalls and obstacles entrepreneurs encounter in their journey and discusses what could be done to overcome them.
Launching and scaling up new ventures
This course will employ the Marketplace Live simulation as a learning environment. The students start and run their own company, struggling with business fundamentals and the interplay between marketing, human resources, operations, finance, and accounting. They are given control of a simulated business and must manage its operations through several decision cycles under competition from their peers.
Professionalizing a family business
Family managed businesses are an integral and important part of the Indian Micro, Small & Medium Enterprises (MSME) sector. With liberalization and globalization, these enterprises are face challenges to their growth, expansion, succession planning and sustainability. Disruptive technological changes and the generation gap raise questions on the future direction and management style of the family business. The next gen of the family is exposed to the global business environment and would like to introduce contemporary methods of managing the business. This course provides an overview of how the family managed business could be professionalized.
Business innovation, entrepreneurship and strategy
The course is designed to expose the student to innovation and its application in entrepreneurship. Today it is the use of innovation in entrepreneurship that makes companies to sustain and pose threat for competitors. This course will enable students to understand the dynamic nature of environment and the need for being innovative. In this course, the emphasis is not on filling in frameworks. On the contrary, students will be taught to exhibit unconventional thinking and link it to entrepreneurship. The practical and interwoven theoretical nature of class deliberations will cull out the deeper understanding of entrepreneurship. This course enables a student to understand the role of innovation at different fronts such as product, process, business model etc.
Corporate entrepreneurship
This course introduces students to corporate entrepreneurship and its dimensions and discusses the benefits and challenges corporates face while creating an entrepreneurial culture in their organization. Organizations need to tap the talent of the younger generation, their mind-set, energy and drive to create innovative tech-enabled solutions to every day situations. Indian organizations have recognized the importance of corporate entrepreneurship and are encouraging it within the organization and also supporting startups as an extended entrepreneurial arm.
Go to market strategy
This course is designed for students to examine the process and components of a marketing strategy for startups and for introducing innovative products/services in the market. Students will learn to extend their understanding of marketing to diagnose, analyze, apply and solve entrepreneurial marketing problems. They will understand the need to balance marketing strategy with effective traditional, conventional and digital marketing tools to create a cost effective, yet impactful campaign to attract and retain customers for a startup or an innovative product/service. They will then understand how to tweak the marketing strategy as the venture continues its journey and moves ahead in its life cycle.
Entrepreneurship in practice
Entrepreneurship is an ever evolving area. Creativity and innovation are its hallmarks. It is important to understand how new ventures address the problems, especially during the initial stages of the venture. This course will provide an insight into the mind of the entrepreneur, how problems were identified, synthesized and addressed, how solutions were created and implemented and how customer acceptance was achieved. This would be achieved through case studies and a hackathon to address a real problem as a final assignment.
Csr and entrepreneurship
Corporate Social Responsibility (CSR) came into being with a regulation and has since played an important role to provide funding and support to social initiatives and ventures. This course discusses the role of CSR, the activities supported by various organizations and how entrepreneurial ventures have emerged to address social issues with CSR funding. The course adopts the case study based approach where students are required to analyze the CSR activities of 2-3 organizations and study 1-2 social ventures which utilize CSR funds to create social products and solutions.
Research in entrepreneurship
Entrepreneurship has gained prominence in India in recent years. The government has provided it a thrust through policy measures, funding and multi-dimensional support. People are shedding their inhibitions and fears of failure, going away from the protective comforts of a job to discover and create a new world of disruptions and achievement. This course provides an opportunity to study the trends in entrepreneurship through research. Students will conduct a primary/secondary research, do a case study or create a working paper on a contemporary aspect of entrepreneurship. The outcome would be a research paper or a case or a working paper worthy of being published in a reputed journal/publication.
Running a start-up
Entrepreneurship is about execution and implementation. A plan captures the broad aspects at a macro level but its execution necessitates addressing the micro level elements. This course enables the student understand and appreciate the micro level elements of entrepreneurship. The student is required to start and run a new venture applying the principles of entrepreneurship. The venture is required to demonstrate customer acceptance and revenue from customers outside the campus.
Innovation management
Innovation is the cornerstone of entrepreneurship. It is a systematic approach to address a real problem. This course discusses the tools of innovation, how to manage innovation and to pre-empt the high failure rates associated with innovation in the real world.
26 MINOR COURSES
| Introduction to Operations Research | Marketing Management | Professionalizing a Family Business |
| Introduction to Finance and Accounting | Financial Management | Corporate Entrepreneurship |
| Consumer & Markets | Business Ideation and Lean Startup | Go To Market Strategy |
| Introduction to People Management | Business at the Bottom of the Pyramid | Entrepreneurship in Practice * |
| Introduction to Entrepreneurship & Family Business | Business Plan Development and Entrepreneurial Finance | CSR and Entrepreneurship * |
| Introduction to Spreadsheet Modeling | Entrepreneurial Failure and Sustenance | Research in Entrepreneurship * |
| Introduction to Quantitative Methods | Managing a Family Business | Running a Start-up * |
| Managerial Economics | Business Innovation, Entrepreneurship and Strategy | Innovation Management * |
| Accounting for Managers | Launching and Scaling up New Ventures |
* 4th year undergraduate courses
Introduction to operations research
The course exposes students to fundamental optimization procedures and techniques to attain skills at structuring business problems and modelling them as a mathematical program, microsoft excel to solve such models, interpret solutions and use the solutions to answer the business problem. The focus of this course will be on applications of quantitative methods in modelling business situations.
Introduction to finance and accounting
The course is aimed at baptizing the students to the vocabularies of accounting theories and practices. Beginning with the accounting concepts, introducing the basic tenets in maintaining the books of accounts, the course finally culminates into the preparation of the financial statements like income statement, balance sheet as well as the cash flow statement. It also covers the bank reconciliation statement and bills of exchange.
Consumers and markets
This course provides a conceptual framework to the students to understand the various dimensions of marketing as a discipline. It focuses on exploring various aspects of marketing, markets, consumers, their shopping behaviour and motivations. It gives broad understanding of the exciting world of shop, shopping and shopper.
Introduction to people management
This course introduces the basic context, concepts and importance of people management in organizations to students. It incorporates application of psychological and sociological concepts to provide understanding about how people work in organizations. The course familiarizes students with the fundamental ideas of organizational behavior and human resource management and prepares them for the advanced courses under the specialisation. It is designed as an essential first course for students of management and entrepreneurship, to familiarise them with the practices of managing people in organizations.
Introduction to entrepreneurship & family business
This course introduces students to entrepreneurship and family businesses. It provides an overview on how they come into being, their perspective on the ecosystem, their mindset and how they manage their enterprises.
Introduction to spreadsheet modelling
This course deals with the use of the spreadsheet to solve managerial problems. It merely highlights the use of microsoft excel as an aid in formulating business problems and invoking appropriate functions to resolve them.
Introduction to quantitative methods
This course is designed to give undergraduate students an introduction to decision making. The use of quantitative techniques is increasingly being adopted in all areas of human endeavour. The need to collect, analyze and interpret mathematical output is increasingly being appreciated for arriving at conclusions or in strategic decision making. This course will deal with fundamental concepts required to model, analyse and solve quantitative problems arising in any discipline. A student undertaking this course can have little to no formal introduction to mathematics and statistics at the higher secondary level.
Managerial economics
This course provides a foundation of economic theories and models for use in managerial decision-making. The course provides students with an overview of theories of demand, supply, production and competition and equips them with the tools and techniques to make effective economic decisions under different business environments.
Accounting for managers
Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of financial accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, management accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.
Marketing management
This course provides a conceptual framework to the students to understand the function of marketing in an organization. The course helps students to apply the marketing concepts and theories to solve case studies and projects. The course makes them vigilant of the marketing happenings in the real world and therefore importance of creating effective marketing strategies.
Organisational behavior
This course is an introduction to organizational behaviour for undergraduates. It discusses behaviour in organizations at individual, group & organizational levels and provides an understanding of the underlying aspects that drive behavior. It provides insights into the different theories and their application in the organizational context. It also enables students to understand the utilisation of different tools and practices in directing individual actions towards organizational objectives.
Research methods in management
The objective of the course is to enable students to understand the role and importance of research in improving managerial decisions when faced with uncertainty. Research methods are applied in all functional areas of business viz. Operation management, accounting, finance and marketing. The issue facing managers is not a shortage of information but how to use the available information to make better decisions. Learning this course helps students recognise that data are inherently variable and that the identification measurement, control, and reduction of variation provide opportunities for quality improvement.
Financial management
This course in financial management provides a detailed understanding of the finance function and its interrelationship with other areas of business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, financing, working capital management and dividend decisions and what are the key factors that influence these decisions.
Design thinking for managers
Design thinking (dt) is a powerful tool to tackle the unstructured & the unknown. Dt is a ‘human centered’ approach to problem solving which emerged at stanford in the 1960’s primarily as a systematic, immersive approach to product design. In recent years, it was found that these approaches can be extended to a wide category of ill-structured, real-world problems, both in emerging and developed markets alike. Dt is getting increasingly popular not only across top corporates, but also in rural, semi-urban and underserved sections of society. Given the diversity of challenges that we face today, it therefore becomes necessary to have thinkers and doers who can focus on addressing such challenges. Dt helps in building those capabilities.
Business ethics and corporate governance
The course aims to develop in the student a clear perspective on the role and responsibilities of business in society. It helps the student understand the role of ethics in business. It also dwells on corporate governance frameworks and their relevance to contemporary business environment.
Business innovation, entrepreneurship and strategy
The course is designed to expose the student to innovation and its application in entrepreneurship. Today it is the use of innovation in entrepreneurship that makes companies to sustain and pose a threat for competitors. This course will enable students to understand the dynamic nature of the environment and the need for being innovative. In this course, the emphasis is not on filling in frameworks. On the contrary, students will be taught to exhibit unconventional thinking and link it to entrepreneurship. The practical and interwoven theoretical nature of class deliberations will cull out the deeper understanding of entrepreneurship. This course enables a student to understand the role of innovation at different fronts such as product, process, business model etc.
Logistics management
The Logistics Management course will help the participants understand how logistics is managed in the modern global supply chains on the inbound and outbound sides; and what techniques are employed to make supply chains lean and efficient. Industrial packaging (unitizarion, palletization, and containerization), and all of the modes of transportation (rail, road, marine, and air) are covered in detail. Logistics documentation for national and international trade are also studied. Other topics covered in the course include warehousing, inventory management, and logistics service providers.
Supply chain management
The Supply Chain Management (SCM) course helps participants understand the key concepts, strategies, tools, and technologies related to Supply Chain Management. The overall structures of different types of supply chains and the techniques used to manage them are covered in adequate detail. The four supply chain cycles, namely the procurement cycle, manufacturing cycle, replenishment cycle and customer order cycle, are included to give a wholistic picture of the business operations.
Supply chain design and sourcing
The Supply Chain Design and Sourcing (SCDS) course focuses on the key concepts, tools, and technologies related to supply chain strategy formulation, strategic sourcing, and advanced supply management (purchasing). The course is designed to help participants understand the linkages between the competitive strategy of the firm and the supply chain strategy. The techniques used to mass customize products for the end consumer are covered in great detail. The purchasing process, strategic sourcing, and portfolio approach to sourcing are also included.
Enterprise systems
The Enterprise Systems (ES) course is designed to familiarize the participants with the Enterprise Resource Planning (ERP) systems that are now universally used by business organizations to run their transactions and generate various reports. The course helps students understand the cross-functional nature of business processes and their relationship to organizational areas. The participants can familiarize themselves with the key business processes through hands-on experience on the latest version of one of the enterprise resources planning packages. Detailed case studies and exercises are included.
Project management
The Project Management course helps students understand how the large-scale projects are conceptualized, planned and executed in a systematic way. The course covers the generation and screening of project ideas, assessment of techno-economic feasibility of the projects, project appraisal techniques, project financing (including infrastructure finance), project planning and control using network techniques (PERT and CPM), cost control and quality control, crashing of activities for optimising project costs vis-a-vis project schedule, computerized project management (using Microsoft Project), and risk management for projects.
Production planning & control
The main objective of this course is to make the students familiar with how production planning is done in large manufacturing organizations using ERP and SCM software packages. The students will learn the basic framework of Production Planning & Control processes, Master Production Scheduling and Material Requirements Planning, MRP Outputs, Order Release and Order Management Processes. The topics covered include: Overview of Manufacturing Resource Planning (MRP-II), Strategic and Business Planning and Resource Requirements Planning; Sales and Operations Planning; Demand Management; Material Requirements Planning Procedure; MRP-I Outputs and the Order Management Process.
Advanced supply chain management
This course covers advanced topics in SCM, such as, Industry Initiatives for Supply Chain Synchronization: Continuous Replenishment (CR); Efficient Consumer Response (ECR); Vendor-Managed Inventory (VMI); and Collaborative Planning, Forecasting, and Replenishment (CPFR); Supply Chain Risk Management, and Business Continuity Management (BCM); Sustainability Issues in Supply Chain Management including the Triple Bottom Line: Planet, People, Profit; the Impact of New Environmental Regulations; The 3Rs of Sustainable Supply Chain Management: Reduce, Reuse, and Recycle; and Reducing the Transport-Intensity of Supply Chains.
Lean concepts for managers
The course describes the need for lean management; how wastes can be identified and eliminated; what tools are available for continuous improvement; and how and when these tools are used.
The Topics Covered in This Course Include: Principles of Lean Management (Why Lean in the Indian Context, Toyota Production System, Principles and Pillars of Lean); Wastes, and Concept of Value Addition, and Non-Value Addition; Value and Value Stream Mapping, Current State Diagram; Continuous Improvement Tools (Pareto, Fishbone, Control Charts, Scatter Diagrams, Checksheets, Affinity Diagrams); Workspace Organization; 5S Principles; Mistake Proofing (Poka Yoke); Concept of Push-Pull; Production Flow Analysis. Design of Cells Using ROC1 and ROC2; Kanban, Visual Signals, and JIT; Measuring and Analyzing Value Stream; Takt Time, Flow Rate; Future State Diagram; Lean Maintenance and Total Productive Maintenance.