IMI’s large faculty body ensures that all functional areas are well represented and the basket of courses offered by these areas is fairly exhaustive. The six broad functional areas are:
Each area offers relevant compulsory courses to be taken by all students in a given academic program. In addition, each area also offers a wide range of contemporary elective courses for students to take in pursuit of their specific interests. Each area functions as a body of faculty members with interest in that area, headed by an Area Chairperson. The areas meet regularly to discuss course curriculum and pedagogy issues for courses to be offered. Each area has an external advisory council of corporate senior executives and faculty from other reputed business schools, who are from that functional area. The area meets with this external advisory council once every two years to critically assess all courses for relevance in the current business environment. This often leads to a significant overhaul and ensures contemporary relevance of all courses. Students are encouraged to suggest new elective courses that the area evaluates with the external advisory council for relevance.
Area Chairperson: Prof. Neena Sondhi
The most dynamic division in any organization is its marketing unit and the Area of marketing at IMI, is an apt illustration of this vibrancy. This is reflected in all activities of the unit. Researching in real time by making use of contemporary techniques and models, publications in globally acclaimed journals have been a significant contribution of the Area to the knowledge base of Marketing theory and practice. Training and consulting assignments undertaken are commensurate reflection of the recognition and trust of the policy makers both in the corporate and the Government sector. Dissemination of marketing knowledge at IMI, thus is topically richer and experiential when uniquely exemplified with the research, training and consulting output. Constant innovation in terms of team and collaborative teaching both within the area as well as jointly with other areas like Statistics and Information Technology makes learning holistic for the learner. Design of courses in emerging areas like multivariate analytics, digital and rural marketing based on extensive primary and secondary work is an ongoing and extensive Area activity.
The distinguished and learned marketing faculty at IMI is a cohesive and internationally and nationally acclaimed group and they bring with them a perfect blend of academic excellence with corporate experience. The area endeavor is constantly focused on the development of a symbiotic and long term relationship with the students, academia and the corporate world. This is accomplished by acquiring and disseminating knowledge through experiential and research based teaching and information sharing which is globally relevant and yet ethically responsible, with regards to society and environment.
Area Chairperson: Prof. Sanjay Dhamija
Finance as an area of study and interest continues to dominate the world today and in keeping with its popularity, IMI has developed a very integrated domain of study. The finance courses are taught at three levels with specific focus of development of knowledge on the subject and building exposure to company practices. At the first level, stress on fundamental knowledge of accounting and finance is imparted through Accounting and Finances courses which are compulsory. Students are exposed to practices by solving contemporary and relevant cases of various business organizations. At the second level, advance level courses like Security Analysis and Portfolio Management, Project and Infrastructure Finance, Management of Banks, Management of Financial Services and Advanced Financial Statement Analysis are offered. At this level the method of teaching is analytical and focus is on corporate practice and the medium of study is cases. At the third and final level are specialized finance courses, commonly known as quantitative finance through courses like International Finance, Fixed Income Securities, Financial Derivatives, Private Equity, Financial Engineering Risk Management, Quantitative Techniques in Finance and Investment Banking. Like at the previous level, the method of teaching is analytical and focus is on corporate practice through national and international cases.
The methodology of building competency, of the students and managers alike is through imparting knowledge as well as developing and strengthening skill sets; dissemination of knowledge developed through research and documented through research publications ; reinforcing and building competency through rigorous training of the executives ; sharing of knowledge of practice among peer institutions by offering consultancy and advisory services.
Organizational Behaviour & human resources
Area Chairperson: Prof Bhupen Srivastava
OB-HR area is driven by its mission of “making a positive difference in the life” of all those who come in contact with the group, whether as full-time students, or as participants in the management development programs.
The faculty team in the area comprises academic professionals with substantial research, consulting, teaching, training, and corporate experience, with a strong cross-functional academic focus. With a wonderful mix of experience, expertise and vintage, the area covers a vast expanse of competence rarely found within one roof. The area members are actively engaged in facilitating a wide variety of organizations move towards the next orbit through training, consulting, research, and publications.
The OB-HR area offers its students a variety of courses that give them a thorough grounding in the concepts, expanded depth and width of knowledge, contemporaneous skill sets and competence, and strong positive outlook towards the society. Thus, the area ensures that the graduating students are sensitive to needs of the environment and sensible towards creating values for the business and the society as a whole.
The pedagogy used by the area is introspective as well as interactive, thereby ensuring that the participants to various IMI programs have a good understanding of self, a fair appreciation of the business environment, and superior ability to use this knowledge in the best interest of the stakeholders.
As a learning organization, the area constantly strives to generate new knowledge through applied research, and tries to incorporate the best of research-developed content and methodology for delivery of its courses. Thus in a nutshell, the OB-HR area at IMI endeavors to ensure that the participants to its various programs acquire cutting edge competence to deal with the world in a sensitive and ethical manner.
Quantitative methods and operations management
Area Chairperson: Prof. Siddharth Varma
Operations in any organization are responsible for conversion of inputs into useful products or services and therefore, represent a basic function in any organization. The area of Quantitative Methods and Operations Management has an important role in developing analytical capabilities for effective decision making.
The faculty in this Area is a rich mix of academic and corporate experience which is so very necessary for providing holistic education in business management. Faculty members are involved in a variety of activities: education, research and training. Besides regular teaching, faculty provides training to business organizations through participation in Management Development Programs and also by offering open programs under the Area. The Area also offers a unique Certificate Course in Operations Management of three months duration for foreign students under the ITEC scheme of the Government of India. The faculty carries out high quality research which is regularly published in national as well as international journals and presented at conferences. Doctoral and Fellow programs too are being offered by the Area. A Center for Excellence has been set up to give a sharper focus to Manufacturing and Supply Chain Management. The area also an MOU with Project Management Associates who are the Indian representatives for the International Project Management Association, Netherlands, for providing Certification in Project Management to IMI students.
This Area combines subjects from two sub-areas, viz, Quantitative Methods and Operations Management. Both cores as well as elective subjects are offered. The subjects offered range from traditional ones like Statistics, Operations Research and Operations Management to the contemporary ones like Financial Econometrics, Six Sigma and Logistics and Supply Chain Management.
Area Chairperson: Prof. Himanshu Joshi
Technology has become an integral part of business and information is the vital resource for success. How to integrated and effectively manage Information Technology based solution across businesses is the key focus of “Information Systems” Area at IMI. The faculty in the IS Area provide expertise, knowledge and skill to its stakeholders in the areas of integration and management of information technology across business functionality. IS Area works very closely with technology leaders like SAP, Microsoft, and SAS etc. Some of these companies involve IMI faculty for corporate level training and research. IS Area at IMI also maintains very close interface with policy makers and leading companies in the IT domain, which also helps in integrating new concepts and technologies into the course curriculum. Faculty in the IS Area are continuously engaged in Research, Training, Testing and Teaching.
Focus of IT courses that are offered in the IS Area at IMI is on Integrating IT with business application in various functional areas. The two core courses, IT for Decision Making and Management Information Systems that are being offered helps in building the conceptual framework with the help of commonly used technological applications. Whereas, elective courses focus more on building and managing IT projects. Elective courses are offered in two broader streams – (I) Software Professional Stream and (ii) IT as Enabler.
Strategy and General management
Area Chairperson: Prof. Sonu Goyal
Strategy Area has faculty members with interests in Strategy, Innovation, Entrepreneurship and Business Sustainability. The Area also offers courses on Legal aspects of Business. The one common interest that drives the area is commitment to shaping appropriate mindsets, which help organizations take decisions leading to superior performance. Raising awareness on emerging trends & helping organizations question the competence they need to build to capture the opportunities, is the raison d’être of the area. The area is extremely entrenched in providing consulting and training to help firms deal with a wide spectrum of issues and challenges. There is active research undertaken by the area members on a variety of themes with heavy emphasis on case writing. A large number of core and elective courses for the various programs of the institute are offered by the Area. There is an increasing focus through courses on Business ethics and Sustainable Development to sensitize future leaders for carrying out socially and environmentally responsible business. The area has strong focus on Entrepreneurship Development with strong involvement in research and mentoring for start ups. The area offers some very contemporary electives such as Strategic Innovation, Business in Emerging Markets and Principals and Practices for Corporate Governance, dealing with wide range of issues and challenges that most firms are grappling with currently. The area is also actively involved in guiding students across post graduate programs on industry projects and offers specialization for the doctoral level FPM program of the Institute.
Area Chairperson: Prof. V.Chandra
Often referred as ‘the lifeline’ in any organization, Communication Area enjoys a pivotal position across all programmes at IMI. This is reflected both in the courses offered as well as the various institution building activities handled by faculty members of the area.
The area has a good mix of faculty both from industry as well as academia contributing to its diverse knowledge pool. The faculty team constantly strives to update itself on the latest tools and techniques in communication area by benchmarking with the best practices in management schools and need of industry.
The prime focus of communication area is to help students translate acquired knowledge into applicable skill. Courses offered aim to impart students with the principles, concepts and skills required for enhancing their written and spoken communication capabilities essential for assuming executive roles and functions in organizations.
The pedagogical tools used provide opportunity for students to introspect, develop and sharpen and array of soft skills – from developing positive attitude to communicating tough decisions.