course outline mba(2012-2014)_trimester 3
TRANSCRIPT
CONTENTS
TITLE PAGE
1. Contact Information 3 - 4
2. Course Evaluation Contents- At a Glance 5 - 6
3. Course Outlines
i) Strategic Management 7 - 10
ii) Consumer Behaviour 11 - 13
iii) International Economics 14 - 18
iv) Production & Operations Management 19 - 24
v) International Financial Management 25 - 37
vi) IT Applications in Management 38 - 40
vii)Financial Management-2 41 - 44
viii) Languages (French/Mandarin/Spanish) 45 - 53
2
CONTACT INFORMATION
MBA (2012-14) THIRD SEMESTER
PROGRAMME TEAM
Programme Team FunctionContact (IIFT Extn.)
Email ID
Dr. V C KattiChairperson(Graduate Studies Division)
Dr. Jaydeep Mukherjee Programme Director 415 [email protected]
Mr. Gaurav GulatiSr. Administrative Officer (Academics)
Course Coordinators CourseContact(IIFT Extn.)
Email ID
Dr. R K Mitra* Strategic Management -
Dr. Pinaki Dasgupta Consumer Behaviour 605
Dr. Biswajit Nag International Economics [email protected]
Dr. R.K. Singh*(C)/ Dr. Nitin Seth(A & B)
Production & Operations Management
-414
Prof. Ashok Kapoor(Section A)/
Prof. Rajiv Srivastava(Section B) Prof. Harkirat Singh (Section C)
International Financial
Management
312313714
3
Dr. O P Wali IT Applications Management713 [email protected]
Prof. Ashok Kapoor(5X3)/
Dr. J K Seal(25X3 Financial Management-2 312 -
[email protected]@iift.ac.in
[email protected]. NeetaTripathi*/
Mr. Rakesh Kumar*/
Ms. Debarati Byabartta*
Languages
(French/Mandarin/Spanish)
[email protected][email protected]@gmail.com; [email protected]
* Guest Faculty
4
MBA (2012-14)
COURSE EVALUATION COMPONENTS – AT A GLANCE
THIRD SEMESTER
Course CoordinatorTest /
Quizzes
Presentation/ Class
Participation
Projects and Home
Assignments
Mid Semester
Exams
(End-Term
Exams)
Others
Dr. R K Mitra*Strategic Management
30% 30% 40%
Dr. Pinaki Dasgupta Consumer Behaviour 40% 30%30%
(Field Trip)Dr. Biswajit Nag International Economics
30% 30% 40%
Dr. R.K. Singh*(C)/ Production & Operations
Management
20% 15% 25% 40%
Dr. Nitin Seth(A & B) 20% 25% 15% 40%
Prof. Ashok Kapoor (Section A)/
International Financial Management
30% 15% 15% 40%
Prof. Rajiv Srivastava (Section B)/ 30% 30% 40%
Prof. Harkirat Singh (Section C)
10% 10% 25% 40% 15%(Case Study)
Dr. O P Wali IT Applications Management
20% 10% 30% 40%
5
Prof. Ashok Kapoor(5X3)/
Financial Management-2
Dr. J K Seal(25X3) Financial Management-2 20% 20% 20% 40%
Ms. NeetaTripathi*/
French Language
Mr. Rakesh Kumar*/ Mandarin Language
Ms. Debarati Byabartta*
Spanish Language
6
COURSE OUTLINE: Strategic Management Course Coordinator: Dr. R.K. MitraFull Time MBA (IB) 2012 – 14 Trimester Credit: 3______________________________________________________________
Session Topic
- The Concept- Definition- Evolution and Role- Strategy Competencies: Why They are Important and What They Lead to
- Environmental Factors
- Classification of Environmental Factors
- Methodology to Identify the Environmental Factors
- Prioritization of Environmental Factors
- Construction of External Factor Analytical Summary (EFAS)
- Implications of EFAS
- Scanning of Internal Capabilities
- Resource Based View (VRIO)
- Value Chain
- Functional Analysis
- Construction of Internal Factor Analytical Summary (IFAS)
- Implications of IFAS
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1. Strategy 2
2. Strategic Management Process –I
3. Strategic Management Process –II
4. Strategy-Formulation-Analytic-Framework
- Formulation of Strategies: SWOT
- The Internal External (IE) Matrix
- Strategic Positioning and Action Evaluation (Space) Matrix
- The Quantitative –Strategic- Planning -Matrix (QSPM)
- Structure-Conduct-Performance
- Industry Structure
- Five Force Model of Potter
- Threat Template for the Industry
- Primary Competition
- Formation of Strategic Groups
- Change in Strategic Groups
- Industry Structure
- Strategies in various Industry Structures
- Punctuated Equilibrium and Competitive Structure
- Maintaining High Performance: Overcoming Stall Points
- The Hidden S Curves
- Edge Centric Strategy
-
- Industry Attractiveness
- Business Strength
- Growth, Stability, Cut-back
- Vertical Integration
- Horizontal Integration
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5. Competition Analysis
6. Strategic Groups and Industry Structure
7. Industry Lifecycle Analysis
8. Corporate Strategy
- Diversification
- Cost Vs. Differentiation
- Value Creation Frontier
- Building Blocks
- Efficiency
- Quality and Reliability
- Superior Innovation
- Re-engineering Value Chain
- Why Globalization?
- Proactive and Reactive Drivers to Globalization
- Orientation to Globalization
- Multi-domestic Vs. Global Industries
- Modes of Entry
- Global Standardization, International, Locational and Transnational Strategies
- What is System Thinking
- Learning Disabilities
- SAP- LAP Framework
- System Thinking –A Framework of Stratezisation
- The Various Approaches to Strategy Implementation
- Implementation Skill
- The Framework of Choice less Doers
- The Choice-Cascade Model of Implementation
9
11. Global Strategy
9. Business Strategy
10. Functional Strategy
12. System Thinking
13. The Strategy Implementation
- Strategy Implementation Variables
- Strategy Implementation Framework
- External Obstacles to Strategy Implementation
- What is a Business Model
- The Framework of Choice and Consequences
- Business Model Innovation
- The Framework of Alignment, Analytical and Adaptability
- The Red Ocean Vs. The Blue Ocean
- Historical Snapshot
- Four Actions Framework
- The BOS Logic
Evaluation Pattern
Assignment & Class Participation 30 Marks
Projects 30 Marks
End Term Examination 40 Marks
___________________________________________________
Total 100 Marks
References
1. Essentials of Strategic Management, Indian Edition by G.R. Jones & Charles W.L.
Hill.
2. Contemporary Strategic Management (6th Edition), Robert M. Grant
3. Gaining and Sustaining Competitive Advantage (4th Edition), J.B. Barney
4. Competitive Strategy, Michael E. Porter Free Press
5. J.E. Barni, Barrier to New Competition, Harvard University Press, 1956.
6. Harvard Business Review
7. MIT Slon Management Review
8. Various handouts that will be given in the class during the session by the faculty.
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14. Business Model
15. The Blue Ocean Strategy
Course Outline: Consumer Behaviour Course Coordinator : Dr. Pinaki DasguptaFull Time MBA (IB) 2012 – 14 Trimester
Total Credits: 3
Outline Objective:
As consumer needs and preferences get more segregated and niche (even to the point of being complex to evaluate and understand) the implications of this for the marketer is important to understand. This course on Consumer Behavior tries to examine the various influences and the underlying reasons that might affect the consumer decision making process which precede or follow the buying.
In the sub-continent context it has even bigger implications, owing to the diversity and the geographical extremes. Reason why the course starts with an insight into the Indian consumer psyche and some of the myths which are associated. It then dwells further how marketers are trying to associate themselves and identify with the consumers. The changing strategies of the marketers and the need to identify with the dynamism of the consumer-scape.
In deliverable terms, the course will examine the various principles and theories governing all the aspects the consumer behaviour in a pre, post and while buying phase. The environmental determinants and the individual determinants that affect his decision of buying and the final purchase decision will largely form the crux of the course followed by evaluation of the global consumer trends and domestic consumer trends.
Pedagogy:
The unique part about the course is the division of the course between the project time and the classroom teaching time. The larger part of the discussion within the classroom will be based on the project work and the fallouts of the project conducted by the students. The sessions will be interspersed with conceptual discussions and lectures along with real time cases being picked up at relevant places to discuss the application aspect of the concept. The students are also advised to look at the text and the reference books for further understanding.
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Evaluation:
Performance is evaluated on the following parameters:
1. Group Project 40%
2. Field Trip 30%
3. End Term 30%
Basic Text:
- Consumer Behavior by Hawkins Best and Coney- McGraw Hill, 11th ed.
SESSION WISE COURSE OUTLINE
Number of
sessionsModule No.
Module Description Readings
2 1 Introduction to the course: Introduction to consumer behavior with special emphasis of the same in market segmentation and the rising importance of the same in consumer research.
- Unraveling the Indian Consumer- The birth of the consumer movement - Consumer Behavior: A managerial
perspective.- The diversity of Consumer Behavior- Consumer Research- Market Segmentation & Consumer
Behavior
Chapter 1
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EXTERNAL INFLUENCES:
This section broadly explains the external environment with specific reference to culture and it’s role in influencing. Also issues about sub culture and cross - cultural management, social class to be discussed. Group Influence with specific reference to Reference Group is of importance when trying to evaluate consumer - buying preferences. More importantly Family and
Chapter 2,3,4,5,6,7
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Family Life Cycle analysis also has to be evaluated.
1. Consumer Culture 2. Micro cultures3. Group and family influences in
Consumer Behavior 4 3 INTERNAL INFLUENCES:
The individual determinants of the consumer on the basis of his perception, motivation, learning, attitude, persuasion is evaluated and their role in the buying process.
Learning & PerceptionMemory and Cognitive learningMotivation and emotionPersonality, Lifestyle and self conceptAttitudes and Attitude Change
Chapter 8,910,11,12
2 4 SITUATIONS AND DECISION MAKING: At the end of evaluating the external and the internal influences in buying patterns it is important to understand the buyer psyche at the time of conversion or before that or even after the same is done. The basic adoption process is last stage in the chain.
- Buying decision process- Levels of consumer decision analysis- Decision Heuristics- Post purchase behavior- Diffusion of Innovation- Buyer Behaviour Models
Chapter 13,14,15,16,17,18
2 PROJECT PRESENTATION
Note: Each session will be of 2-hour duration
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Course Outline: INTERNATIONAL ECONOMICS Course Coordinator: Dr. BISWAJIT NAGFull Time MBA (IB) 2012 – 14 Trimester
Credit: 03
Objectives:
The course has been designed to understand the economics of international trade and related issues. ‘Pure theory of trade’ explains the basis of trade, gains from trade, direction of specialization and its effect on the factors of production. The macroeconomic perspective of open economy in the era of globalization is essential for any policy making. International transactions involve an international medium of exchange and its relation with domestic currency. This is important to explain the dynamics of balance of payments of any country. As the economic issues evoked from trade related problems are different for developed and developing countries, ‘trade policy’ formulation remains as a vital task for every country. In this course, trade policy with respect to tariff and non-tariff barriers, trade blocs and regional trading arrangement will be explained to understand many emerging issues. The course expects that at the end, student is conversant with the salient features of international trade dynamics and its macroeconomic effect.
Methodology:
Class Room Teaching Analysis of cases Exercise
Evaluation Pattern
Mid Term Exam : 30 MarksGroup Discussion : 30 MarksTerm End Exam : 40 MarksTotal : 100 Marks
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Module I
Pure Theory of Trade: Why does trade take place?
1. Development of Trade Theory, Absolute Cost, Comparative Cost No. of Hours3
Development of Trade TheoriesFree trade-Protectionism-Free and Fair trade( Through WTO)
Adam Smith and Ricardo for Absolute Cost Advantage and Comparative Cost Advantage Theory
Production Possibility Curve (PPC) Various Cost Conditions Community Indifference Curve (CIC) Equilibrium at Autarky
References: HL( Chapt. 3 & 4), RC (Chapt. 2), SR (Chapt. 2)
2. Concept of International Equilibrium, gains from trade No. of Hours3
International Price line and International Equilibrium Trade under increasing, constant and decreasing cost condition Trade when size of countries are different Specialisation gains Gains due to exchange
References: HL( Chapt. 3 & 4), RC (Chapt. 2), SR (Chapt. 2)
3. Reciprocal Demand Curve (Offer Curve) No. of Hours2
Concepts of Offer Curve Graphical Derivation of Offer Curve Elasticity of Offer CurveCase: On Terms of Trade
References: HL( Chapt. 5 & 6), RC (Chapt. 3), SR (Chapt. 11), KO (Chapt. 5)
4. Factor Endowment Theory No. of Hours 2
Heckscher-Ohlin (H-O) Theory International movement of factors of production Factor Price Equalisation Leontief ParadoxCase: North-South Trade and Income Inequality
References: RC (Chapt. 4), SR (Chapt. 3, 4, 6), KO (Chapt. 3, 4, 7)
5. Imperfect Competition, Strategic trade No. of Hours3
Krugman Model with Imperfect Competition Monopolistic competition and trade Economies of Scale and Comparative Advantage Intra-industry Trade
15
Brander-Spencer Model of Strategic TradeCase: Strategic Trade Policy of Advanced Countries
References: KO (Chapt. 6), RC (Chapt. 4), SR (Chapt. 8, 9, 13),
Special Section IUse of Trade Statistics 6. Popular Indices to Measure Trade Performance No. of Hours
2 Issues in Trade Data (Collection, Compilation and Dissemination) Revealed Comparative Advantage Trade Dependence Trade Intensity Regional Hirschman Export Diversification Complementarity Case: Trade Data Difference between India and Bangladesh
Reference: Mia Mikic & John Gilbert: Trade Statistics in Policy Makinghttp://ideas.repec.org/b/unt/ecbook/tipub2491.html http://www.unescap.org/publications/detail.asp?id=1259
Module II
Trade and Macroeconomic issues: The reasons for Government Interventions
6. Balance of Payments No. of Hours
3
Balance of Payments: Various Components & Accounting BOP DisequlibriumCase: US BOP, India’s BOP
References: RC (Chapt. 11), SR (Chapt. 23), KO (Chapt. 12)
7. BOP Disequilibrium and Economic Adjustment Policies No. of Hours3
Various Adjustment Mechanism Fixed and Flexible Exchange Rate Foreign exchange market. Swan Diagram of Policy Mix Fiscal and Monetary Policy to mitigate internal and external imbalance
References: RC (Chapt. 14, 15), SR (Chapt. 24-30), KO (Part III)
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Module III
Tools for Interventions: Trade Policy Formulations and Global Trade Environment
8. Tariff and Non Tariff Barriers No. of Hours4
Protectionism Partial Aspects of Tariff Effects on consumer and producers surplus Tariffs and income distribution Nominal and Effective Tariff Non-Tariff Barriers Importance of these tools for trade policy formulation
Case: WTO and Barriers to Trade, Barriers in Different Developed countries
References: RC (Chapt. 5-8), SR (Chapt. 10-12, 17, 18), KO (Chapt. 8-11)
9. Regional Integration No. of Hours 2
Some Definitions Trade Creation and Trade Diversion Theory of Second BestCase: Experience of Different Regional Integration of Asia PacificSpecial Reading: 1. ‘Meeting the Challenges in an Era of Globalisation By Strengthening Regional Development Cooperation’. (Chapter 2 and 3) Available in http://www.unescap.org/pdd/publications/regcoop/index.asp2. An Econometric Modeling of Trade Flows between SAARC and ASEAN by Sarkar
References: CH (Chapt. 22, 23), RC (Chapt. 9), SR (Chapt. 16)
Special Section IIModeling with Trade Data
9. Some popular Techniques No. of Hours 1
Constant market ShareGravity ModelCGE ModelsReadingWill be provided during lecture
Module IV: Empirical Issues in Trade and Development
11. Trade, Poverty and Gender Linkage No. of Hour
2
17
Trade & poverty linkage: literature Survey Income generation and vulnerability shocks due to trade Enterprise Channel Government Channel Distribution Channel Data issues Case Studies on Zambia, Tanzania and Latin America
Trade Policy and Gender issues : linkage and Policy instruments Gender Mainstreaming and EmpowermentCase Study: Employment Condition of Women Workers in Indian Export Oriented SectorsGender Empowerment through Exports : UNCTAD Study on India
References• “Trade Liberalization And Poverty: A Handbook”; Mcculloch, Winters and
Cirera (2001)• “Poverty Impacts of a WTO Agreement: Synthesis and Overview”: Hertel and
Winters (2002)• Estimating the Poverty Impacts of Trade Liberalization: Jeffrey J. Reimer
(2002)• Export Orientation of the Economy and Women’s Empowerment: Empirical
Evidence from India (UNCTAD India)
References
I. Robert Carbough; (RC): International Economics: Cengage Learning, 11th Edition (Text Book)
II. Krugman & Obstfeld (KO): International Economics: Theory and PolicyIII. Dominick Salvatore; (DS): International Economics (7th Edition)IV. Yarbough & Yarbough (YY): The World Economy: Trade and FinanceV. Bo. Sodersten (and Reid); (SR): International EconomicsVI. H. Robert Heller; (HL): International Trade Theory & Empirical EvidenceVII. Miltiades Chacholiades; (CH): International Trade Theory and Policy;
International Student Edition.
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Production and Operation ManagementCourse Coordinator : Dr. Nitin SethFull Time MBA(IB) 2012 – 14 Trimester
Credit: 3
Objective
The course is designed for Post-Graduate Students, who are required to understand design, operation and coordination functions of operations in manufacturing and service organizations in context of international business. Some of the concepts, which are integral parts of the course, are as follows:
Concept of Production/Operation Management Strategic relatedness to Corporate & other functions in an organization Long-term decision making in Operation Systems [Demand, Capacity, Location,
Layout, Process] Human Aspects in Operation Systems Production Planning and Control (Aggregate Planning, MPS, Scheduling, Inventory
Management, MRP etc.) Supply Chain Management (Conceptual Foundation, JIT etc.) Quality Management (TQM, Benchmarking, BPR, Six Sigma, SQC) System for safety, maintenance and environment
The course assumes that there is basic foundation of knowledge in other functional areas [Marketing, Finance, and HR] and clear understanding of business statistics and quantitative techniques have been built and can be leveraged to have better understanding of integrated cases of operation management.
Expected Delivery of the Course
At end of the course, the students should expect the following:
To get equipped for understanding of foundation course and also facilitates basic foundation for taking specialized courses in operation management areas
To understand long term concepts related to Conversion Process, Design of product and services, Capacity, location and layout decisions, process/technology selection, Human interface in Operation Management
To understand short/medium-range decision in operation [Operation Planning/Scheduling, Supply Chain Management, Quality Management, Value Management, Maintenance Management, Safety & Environment Management]
To gain skill to work as “front-line” operation manager in International business.Pedagogy of the Course
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The Pedagogical methods include class discussions, role-plays, case studies & Video films. The success in the course will depend on extensive “self study” from books, Internet, industry and journals. The course will demand 30 hours in classroom and at least about two times back home study.
The class participation is a necessary condition but sufficient conditions are as follows: Reading/Study before/after the classes Participation in all the classes Sourcing information from internet/industry visits Understanding key concepts through group working and field work
Class Discipline:
Classes will start at stipulated time. Late comers will not be allowed. Discipline and active participation in discussion will be important. It is also mandatory to bring a calculator in the class. Students without calculator may be asked to quit the class. Subject Evaluation:
The basis of grading is as follows:
End Term . Exam (Closed Book) : 40%Quiz (2 nos: 10 Marks each) (Closed Book) : 20%Project Assignment : 15%Presentations, Assignments/cases : 25%and class participation
Quiz (2 nos : 10 marks each): In the trimester, one will be surprise quiz, hence students are advised to prepare on the subject regularly
Group Activities in Class:
Project and presentations will be done in a group of four students. Students should form their group consisting of four students of their own choice.
S. No Course Contents No of Session1 Introduction
Theory of organization Value ManagementThe process & content of operation strategyGeneral Concepts of a productive system Delivery of goods vs services
2
2 Operation Strategy for Competitive Advantage 2
3 Location & Layout Analysis 2
4 Process and Capacity Planning 2
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5 Design of products and services 2
6 Forecasting demand and economic feasibility 2
7 Aggregate Production Planning 2
8 MRP and ERP 2
9 Scheduling of Operations 2
10 Inventory Management 2
11 Reliability and Maintenance 2
12 Total Quality Management 2
13 Statistical Process Control 2
14 JIT and Lean Manufacturing 2
15 Introduction of Supply Chain management 2
Notes-1. Each session is consisting of 1 hr.
Text Book-1. Operations Management by Gaither and Frazier, Cengage Learning
Other References:2. Principles of Operation Management, Heizer & Render, Pearson Publication3. Operations Management by Russell and Taylor, Wiley4. Operation Management: Strategy & Analysis, Lee J. Krajewski & Larry
P.Ritzman, Pearsan Education.5. Operations Management by William J Stevenson , TMH6. Operations and Supply Management by Chase and Aqilano, TMH7. Operations management by B. Mahadevan, Pearson Publication
21
Production and Operation ManagementCourse Coordinator: Dr. R K Singh Full Time MBA(IB) 2012 – 14 Trimester
Credit: 3
Objective
The course is designed for Post-Graduate Students, who are required to understand design, operation and coordination functions of operations in manufacturing and service organizations in context of international business. Some of the concepts, which are integral parts of the course, are as follows:
Concept of Production/Operation Management Strategic relatedness to Corporate & other functions in an organization Long-term decision making in Operation Systems [Demand, Capacity, Location,
Layout, Process] Human Aspects in Operation Systems Production Planning and Control (Aggregate Planning, MPS, Scheduling, Inventory
Management, MRP etc.) Supply Chain Management (Conceptual Foundation, JIT etc.) Quality Management (TQM, Benchmarking, BPR, Six Sigma, SQC) System for safety, maintenance and environment
The course assumes that there is basic foundation of knowledge in other functional areas [Marketing, Finance, and HR] and clear understanding of business statistics and quantitative techniques have been built and can be leveraged to have better understanding of integrated cases of operation management.
Expected Delivery of the Course
At end of the course, the students should expect the following:
To get equipped for understanding of foundation course and also facilitates basic foundation for taking specialized courses in operation management areas
To understand long term concepts related to Conversion Process, Design of product and services, Capacity, location and layout decisions, process/technology selection, Human interface in Operation Management
To understand short/medium-range decision in operation [Operation Planning/Scheduling, Supply Chain Management, Quality Management, Value Management, Maintenance Management, Safety & Environment Management]
To gain skill to work as “front-line” operation manager in International business.
22
Pedagogy of the Course
The Pedagogical methods include class discussions, role-plays, case studies & Video films. The success in the course will depend on extensive “self study” from books, Internet, industry and journals. The course will demand 30 hours in classroom and at least about two times back home study.
The class participation is a necessary condition but sufficient conditions are as follows:
Reading/Study before/after the classes Participation in all the classes Sourcing information from internet/industry visits Understanding key concepts through group working and field work
Class Discipline:
Classes will start at stipulated time. Late comers will not be allowed. Discipline and active participation in discussion will be important. It is also mandatory to bring a calculator in the class. Students without calculator may be asked to quit the class. Subject Evaluation:
The basis of grading is as follows:
End Term . Exam (Closed Book) : 40%Mid Term. Exam (Closed Book) : 25%Project Assignment : 15%Presentations, Assignments : 20%and class participation
Group Activities in Class:
Project and presentations will be done in a group of four students. Students should form their group consisting of four students of their own choice.
23
Notes-1. Each session is consisting of 1 hr.
Text Book-
8. Operations Management by Russell and Taylor, Wiley (7th Edition)
Other References:9. Operations Management by Gaither and Frazier, Cengage Learning10.Principles of Operation Management, Heizer & Render, Pearson
Publication11.Operation Management: Strategy & Analysis, Lee J. Krajewski & Larry
P.Ritzman, Pearsan Education.12.Operations Management by William J Stevenson , TMH13. Operations and Supply Management by Chase and Aqilano, TMH14.Operations management by B. Mahadevan, Pearson Publication
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Course Contents No of SessionIntroduction Theory of organization Value ManagementThe process & content of operation strategyGeneral Concepts of a productive system Delivery of goods vs services
2
Operation Strategy for Competitive Advantage 2
Location & Layout Analysis 2
Process and Capacity Planning 2
Design of products and services 2
Reliability and maintenance 2
Total Quality Management 2
Statistical Process Control 2
Aggregate Production Planning 2
MRP and ERP 2
Scheduling of Operations 2
Inventory Management 2
JIT and Lean Manufacturing 2
Project Management (CPM/PERT) 2Introduction of Supply Chain management 2
International Financial ManagementCourse Coordinator: Prof. Ashok KapoorFull Time MBA (IB) 2012 – 14 Trimester
Course Credits: 3
Purpose of the Course
Globalization and integration of financial markets present unique opportunities and unique risks for all kinds of firms. This course is designed to provide you with a strong conceptual background to allow better financial management decisions relating to international operations of MNCs. The course begins with an in-depth analysis of exchange rates, contemporary currency regimes, and current financial crises. After an understanding of currencies, the course introduces global opportunities open to firms for raising finance and managing currency and interest rate risk. Special topics will cover other issues that are specific to international markets. The course is designed to provide a Global perspective alongwith relevance to an Indian context.
Text Book-
Jeff Madura, International Corporate Finance, 10th ed., Cengage Learning
Reference Books
Foreign Exchange Markets, Dun & Bradstreet, 2007 ed, Tata McGraw-Hill
P.G. Apte, International Financial Management, 4e, Tata Mcgraw Hill, 2006
Alan C. Shapiro, Multinational Financial Management, Wiley, 2003
Cheoul S. Eun and Bruce G. Resnick, International Financial Management, 4e, Tata McgrawHill, 2008
You should read the Economic Times, Business Standard or the Financial Express on a regular basis. The Economist, Euromoney and Asia money publications would also be useful for real life examples.
25
26
Grade Determination
The course grade will be determined as follows:
End Term Examination 40%
Class Interaction 15%
Assignments / Case Studies 15%
Class Tests 30%
Exams will be based on the material covered in class and assigned readings. The exams
will consist of short answer questions or problems.
Please read the chapters assigned before each class. This will make the in-class
discussions more interesting and rewarding.
The course will be in a lecture-discussion and case-discussion format.
Course Schedule
Session 1 Introduction, Course Outline and discussion on Assessment ComponentsInternational Fund Flows(Chapter 2)
Session 2 International Financial Markets(Chapter 3)
Session 3 Determining Exchange RatesExchange Rate Systems (Chapters 4 & 6)
Session 4 Exchange Derivatives(Chapter 5)
Session 5 Interest Rate Parity & International ArbitrageRelationship among Exchange Rates, Inflation & Interest Rates(Chapters 7 & 8)
Session 6 Class Test -1 Exchange Rate Forecasting
27
(Chapter 9)
Session 7 Currency Exposure Measurement (Chapter 10)
Session 8 International Forex Markets - Operations - Case Study – Bank of England
Session 9 Exchange Markets in India- FEMA Provisions - Class Test 2
Session 10 Transaction Exposure Management
(Chapter 11)
Session 11 Management of Economic & Translation Exposures (Chapter 12)
Session 12 Direct Foreign Investment Country Risk Analysis (Chapters 13 & 16)
Session 13 Long Term Financing Short Term Financing & Investment (Chapters 18 & 20)
Session 14 Financing International Trade (Chapter 19)
Session 15 Class Test -3- Merchant Rates- Review
PEDAGOGY
The course methodology uses cases, problems as well as class room lectures and discussions.
Assignments
These would be allotted and submission/presentation schedule announced in the class.
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INTERNATIONAL FINANCIAL MANAGEMENTCourse Coordinator: RAJIV M SRIVASTAVAFull Time MBA (IB) 2012 – 14 Trimester
International Finance Management is concerned with aspects of financial planning and investment in financial assets in the global scenario in this age of free trade and increasing internationalisation. The subject is aimed at providing insight to the various analytical techniques required to take decisions involving foreign exchange, asset pricing, hedging, and an understanding of foreign exchange markets and monetary systems. The course also provides background of international trade, how exchange rate system evolved, factors governing exchange rates and new developments taking place in terms of various financial instruments in vogue.
The course provides international perspective in various areas of finance assuming that basic exposure in financial management is already given. The course deals with six distinct areas of finance and sessions may be split as follows;
International Trade and Monetary Systems : Sessions 1, 2, 3Corporate Finance : Sessions 8, 9Accounting : Sessions 11Commercial : Sessions 10Exchange Rate Management : Sessions 4, 5, 6Derivatives & Risk Management : Sessions 12-15
OBJECTIVE
The objective of this course is to familiarise the participants with the monetary systems, foreign exchange markets, its features, terminology, types of instruments, the determinants of the exchange rates, analytical framework for taking corporate finance decisions, and to provide a conceptual insights to risk management with derivatives.
ASSIGNMENTS
Group Presentation (not more than 6) on the following topic.
With increased importance of Chinese Yuan in the world trade, Indian rupee is sliding further into oblivion. Would making rupee fully convertible increase India’s competitiveness in global trade?
EVALUATION
Mid-term Test 30 Presentation 30Final Examination 40
TOTAL 100
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COURSE CONTENTS
Session Contents Suggested Reading
1-2INTERNATIONAL FINANCIAL MANAGEMENT
An IntroductionGoals of MNCsConflicts, Issues, Constraints in Objectives of
MNCsTheories of International Trade
Chapter 1 Madura
INTERNATIONAL MONETARY SYSTEMSGold Standard:
History, Price Specie Flow Mechanism Quantity Theory of Money, Fiat Money Failure of Gold Standard
Bretton Woods System: Operational Framework Introduction to IMF and its Evaluation Smithosian Agreement and Jamaica
Agreement Failure of Bretton Woods System
European Monetary System Introduction Comparison with Bretton Woods System
International Finance Levi,Chapter 3, Shapiro
3 DETERMINATION OF FOREIGN EXCHANGE RATES
Factors Affecting Demand and Supply Central Bank Intervention, Clean and Dirty
Float Sterilisation Comparison of Flexible and Fixed Exchange
Rate Systems4 FOREIGN EXCHANGE MARKETS
Participants, Operation, Terms Spot and Forward markets FEDAI Rules Option Forwards, Swap Points
Chapter 7Apte
5PARITY RELATIONSHIP AND FORWARDS
Absolute and Relative Purchasing Power Parity
Interest Rate Parity and Forward Markets Calculating Forward Rates Problems and Numericals
6TRANSACTION EXPOSURE
FE Exposures faced by MNCs Definition of Transaction Exposure Forward Hedge Money Market Hedge Cost of Hedging
Chapter 10 &
11
Madura
30
Hedging through Invoicing Hedging through Leading and Lagging Exposure Netting
Chapter 10
Shapiro
7 Presentations
8 COST OF CAPITAL, CAPM & CAPITAL
STRUCTURE FOR MNCs
WACC & Value of the Firm Cost of Capital for MNCs Conventional and International CAP-M Beta and Cost of Equity for MNCs Cross Border Listing Capital Structure for MNCs
Chapter 14
Shapiro
Chapter 17
Madura
Chapter 16
Eun & Resnick
9INTERNATIONAL CAPITAL BUDGETING
Capital BudgetingSubsidiary vs. Parent : Cash flows and
Discount Rate WACC and APV, Lessard’s APV ModelCase on Capital Budgeting with APV Method
Chapter 17
Eun & Resnick
10 Mid-term Test
TRANSFER PRICING
ObjectiveConcept of Control, Arm’s Length PriceMethods of Calculating Transfer Price
CBDT Circular dated 21st August 2001 on Transfer pricing
11TRANSLATION EXPOSURE
MeaningImpactTranslation Methods- An exampleAccounting Standards applicable to translation
(AS 11 and AS 21)Managing Translation ExposureLimitations of Managing Translation Exposure
Accounting Standard AS 11, AS 21 by ICAI.
Accounting Standards by TP GhoshChapter Eun & Resnick
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ECONOMIC EXPOSURE
MeaningImpactMeasuring Economic ExposureManaging Economic ExposureLimitations of Managing Economic/Operating
Exposure
Chapter 11
ShapiroChapter 12 Eun & Resnick
12-13 CURRENCY FUTURES Introduction
Features, Comparison with Forward Contract
Pricing Currency Futures Hedging with Currency Futures Hedge Ratio and Basis Risk Numerical Example
CURRENCY OPTIONS Introduction, Terms Call and Put Options, Features and Pay-offs Hedging with Options Numerical Example
Chapter 8 & 10 Robert Strong
Chapter 3 & 5 Robert Strong
14 INTEREST RATE RISK Forward Rate Agreements (FRAs) Interest Rate Futures and Hedging CAPS, FLOORs and Collars Numerical Example
Chapter 15 Apte
15 FINANCIAL SWAPS Rationale Mechanism Examples
Chapter 13 Keith Redhead
TEXTMultinational Financial Management
By Alan Shapiro (Wiley Eastern Publication, 9th Edition)
References
International Financial Management
Jeff Madura (Cengage Learning)
International Financial Management
By P G Apte (Tata McGraw Hill)
Introduction to Futures and Options Market
John C Hull (Prentice Hall of India)
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Financial Derivatives
By Keith Redhead (Prentice Hall of India)
Derivatives; An Introduction
By Robert A Strong (Thomson South Western)
International Financial Management
By Eun and Resnick (Tata McGraw Hill)
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International Financial ManagementCourse Coordinator: Prof. Harkirat SinghFull Time MBA(IB) 2012 – 14 Trimester
Credits: 3
The purpose of the course is to provide theoretical, practical & professional understanding of issues involved in International Trade, Financial & Forex Management.
This course focuses on International Finance & Foreign Currency Risk Management. Topics, reading material, cases, exercises and class discussions have been selected so to add knowledge, skills & expertise to working executives. Emphasis will be laid, to prepare them to meet challenges and problems, faced by corporate while conducting global business. Coverage of the course & participation will enhance professional skills required for successful conduct of International Business in competitive environment.
The course would address questions of the following nature:
How to conduct financial restructuring of export chains by unlayering the funds! How does a company arrange foreign currency loans to reduce overall cost of
operations! How to make export business cycle more efficient! How does an Indian company procure international finance through various debt &
equity instruments under various schemes available to corporates! How to use non-conventional sources of international finance & develop structured
financial deals in international markets! How does a company, operating globally can manage foreign exchange exposures
arising from international business transactions! How to develop, use and monitor various strategies while managing currency risk! How to use currency rate forecasting techniques in international business
environment! How to create international treasury in the company!
Compulsions to resort to new approach in International Financial Management:
1. Understanding resonating effect of economic events in present global business scenario and emergence of new business model. Urgent need to reduce cost of transactions in international business.
2. Currencies are becoming more valuable because of free floating of major currencies. Important events including statements by leaders move the market in unpredictable manners. Understanding of Rupee Volatility is essential for growth in international business.
3. Necessity to convert credit sales to cash by using new financial instruments.4. There are plenty of opportunities available for raising debts, capital, loans at low
cost.
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5. Hedging of currency & interest rate change risks is acquiring major business activity in corporate.
READING MATERIAL
In addition to background materials, reading assignments and chapters of text books, participants are suggested to read financial papers & magazines. Such an exposure will help to familiar with important events relating to International Finance & Currency Risk Management issues effecting profits of the corporates. First hand information of real world issues will help you to use the concepts & their application to solve international business problems.
IN HOUSE CORPORATE ASSIGNMENT
Each executive will select a company actively involved in International Business. Write an in house proposal based on research work and discussions with company professionals, suggesting whether, how &when the company should raise foreign currency loan and issues relating to currency risk strategies.
Focus should be on issues pertaining to Finance & Currency Risk Management. Suggest measures to reduce cost of finance by developing structured financial deals, the company should adopt to create more wealth from International Business. You may also study existing loan portfolio of your company & develop strategy to reduce cost of funding.
PEDDAGOGY
The course employs cases and problems as well as class-room lectures & discussions. Teaching methods on national & international issues will be as appended below:
Class Room Discussion
Case Discussion
Exercises
Assignments
Group Research Project
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EVALUATION
Class Participation 10%
Case Studies 15%
Exercises 10%
Project Assignments 25%
Final Examination 40%
COURSE OUTLINE
MODULE 1: NON CONVENTIONAL INTERNATIONAL TRADE FINANCE SCHEME
Implication of money layering in export business cycle for creation of efficient and effective business model. Discussion on Financial Restructuring of Export Chain by Unlayering of Funds in Export Chain.Foreign Currency and Rupee Pre-shipment & Post shipment Finance for Export business. Factoring facilities by commercial institution
Exercise: Framework of assessing and approval of Export Finance limit Industry Interface (3)
Recommended Readings
Background material: www.rbi.org.in RBI Master Circular on Export Finance.
Long term Financial Schemes for Export Business Forfaiting, Lines of Credit by EXIM Bank, Counter Trade through Escrow Account.Case: Arranging long term cheap finance for international business (2)
Recommended Readings
Chapter & Shapiro A C, Background Material
Framework of External Commercial Borrowings and mechanism of raising equity based funds in international markets through Global Depositing Receipt/American Depositing Receipt issued by Indian companies. (2)
Chapter 23 International Finance Management by DR. Madhu Vij, RBI Master Circular on ECB.
International Payment Systems – Letter of Credit and Implication of UCP 600 & ISBP. Mechanism of Import Financing including Buyer’s credit.
Exercise: Handling Letter of credit transaction (4)
Framework of Venture Capital for arranging funds for new idea based international projects.
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Exercise: Flow chart of Venture Capital Financing and Participation(2)
Recommended Readings
Background Material, Magazine articles
MODULE II – FOREIGN EXCHANGE MARKETS
Features of Foreign Exchange Markets, System of quoting Foreign Exchange Rates, Forward contract Understanding of Financial Engineering to explain Forward Contracts in Forex Market.Simulation: Forex Market role play in class. (2)
Recommended Readings(Chapter 4,15, 16) Shapiro (Chapter 21) Levi
MODULE III – EXCHANGE RATE MECHANISM FOREX MARKET
Understanding Exchange Rate System, Quotation of Merchant Rates by Banks, Securing better rate for export and import transactions, selection of invoice currency and reading exchange rates coverage in media.
Understanding international parities between currencies, interest rates and commodity prices.
Exercise: Application of Exchange Rates in daily Economic Times(3)Game: Understanding mechanism of Forex Markets.
Recommended Readings
Apte (Chapter 7) & Thummuluri Siddaiah (Chapter 4)
Volatility of Rupee against major currencies. Understanding difference between Currency exposures and risks involved in international business transactions.
Understanding Transaction Exposure, Translation Exposure, Economic Exposure and Volatility Exposures and their implications on International Business. Concept of Hedging Currency Risk in Corporates.
Exercise: Transaction exposure and effect on Profitability(3)
Recommended Readings
Apte (Chapter 3) & Thummuluri Siddaiah ( Chapter 5)
Understanding and application of Forex Derivations for Currency Risk Management – Forwards, Future, Options & Swaps.
Case Study - Corporate Currency Risk Management & Strategies – Indian scenario(4)
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Recommended Readings
Shapiro (Chapter 7 & 8), Thummuluri Siddaiah (Chapter 6, 7 & 8)
Understanding currency valuation and forecasting techniques for currencies. (2)
Recommended Reading Background material
MODULE IV: INTERNATIONAL FINANCIAL MARKET & INSTRUMENTS
Framework of Euro currency market and international money, debt and capital instruments for raising funds for companies from Global Market
Exercise: Raising Funds from Global Market(3)
Recommended Readings(Chapter 9, 10, 12) Ian H Giddy
Suggested References
International Financial Management by Thummuluri Siddaiah, Pearson Publication
International Finance A.Mauric, D.Levi
Shapiro, A.C. ‘Foundations of Multinational Financial Management’, Allen and Bacon, 1998.
P.G. Apte, ‘International Financial Management’, McGrow Hill Publication, 1998.
A.V. Rajwade, ‘Foreign Exchange International Finance and Risk Management, Progressive Printers, 1998.
Vihang R. Errunza, Devi Singh, T.S.Srinivasan, ‘International Business Finance’, Global Business Press, 1996.
Madhu Vij, ‘International Finance’, Excel Books, 1997.
S.Rajaram, ‘Forex Guide to Traders and Bankers’, 1997.
www.rbi.org.in
The Economist
Financial Daily Newspapers.
Information Technology Applications in ManagementCourse Coordinator: Dr. O. P. Wali
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Full Time MBA 2012-14 TrimesterCredits: 3
The success of any business lies in the effective and efficient decision making of its
personnel at various levels. Information & Communication Technology (ICT) plays many
roles from using simple technology to billion dollar infrastructures. Today’s mangers need
to refine their skill sets towards making effective business decisions which holds the key
for competitive advantage. Many ICT tools have been developed over time ranging from
low end to high end to take care of simple to complex business problems. Nowadays,
most of the mid size and large organizations expect their employees and the new entrants
to be acquainted with these tools and their business applications. The business
community now needs to concentrate on how the software can better empower users to
retrieve, view, filter, manipulate, and understand huge data sets or else be forever
struggling just to stay afloat in an ocean of data that promises to grow at a rate higher
than we have already seen.
Another area to explore is Internet and mobile technologies which are probably the
fastest growing media and communication technologies in the human history. It has
become almost default consideration in perspective for strategies and decisions world
over by the business executives. Lot of empirical work has gone parallel with this
evolution. Hence, the course also intends to engage students in discussion about the
spectrum of such situations and empathize correspondence between advances in
concepts and practice to be grounded in genuine skills of internet application for
marketing.
Pedagogy
The methodology of instruction would be participant centered case discussions and
hands-on lab based. The students will be required to do self study of handouts, articles
and exercises prior to the sessions. The requisite software ( To be announced before
the sessions) should be installed on laptops before the sessions. The students will be
given regular post work assignments which have to be completed and shown to the
instructors as per the pre-indicated timelines.
Assessment39
Class Participation 10 MarksResearch Project : 30 MarksTwo tests ( Best one will be considered) : 20 Marks Term End Examination: 40 Marks.
Session Plan
Hrs Topic/s Concepts & Applications3 IT Application
in intra and inter firm processes integration, Decision Making Applications and Selection
IT Application perspectives: ERP, CRM, SRM, SCM Individual and group decision making concepts, ICT enabled individual and collaborative tools and tool selection, Developing specifications and application comparison Text Ch. 1 & 2
6 Modeling and Process Management Applications
Modeling concepts, Decision making under uncertainty, Simulation, Application across functional areas of marketing, finance, human resource, production, R&D, procurement etc.
Text Ch. 9, 10 & 116 Data
Warehousing, Data Mining & Business Intelligence Tools
Managing Data to Improve Business Performance, Data Warehousing, Data Marts, ETL, Data Preparation, Marketing Databases in Acton, Data Mining Methods, Data Mining Standards, BI Tools overview
Text Ch. 14Handout to be circulated
3 Web Analytics Investigation domains, Networks, Big Data trends, prediction markets, advances in methodology, application of select traditional and latest tools to measure interesting dependencies and patterns on web, measure and monitor online customer interaction, web analytics
Handout & Datasets to be circulated6 Infrastructure &
Information Services Management Applications
IT Infrastructure and Information Services: Concepts , Practice, ITIL framework, Tools and Competencies
Handout to be circulated3 Project
Management with MS Project
Project Management- Initiation, Planning, Execution, Control and Closure, Allocation and Management of resources, Multiple projects
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(with MS Project).
Text Ch. 153 Recap & Presentations
Text: Management Science Modeling 4/e, Albright & Winston, Cengage
ReferencesAnalytics at Work: Smarter Decisions, Better Results, Thomas H. Davenport, Jeanne G. Harris, Robert Morison, Harvard Business PressCorporate Information Strategy and Management, Lynda Applegate, Robert Austin, F. Warren McFarlan, Mcgraw-hillMicrosoft Project INSIDE OUT, Microsoft PressMicrosoft Excel- Data Analysis and Business Modeling, Wayne L. Winston, Prentice-Hall of India
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Financial Management –IICourse Coordinator: Dr. Jayanta Kumar SealFull Time MBA(IB) 2012 – 14 Trimester
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Course Credit: 3
Objective
The basic objective of a firm is to select most profitable investment projects, finance such projects in the most efficient manner, and thus create value for its owners. As such, almost every decision of the firm, even if related to marketing activities or HR related activities, has financial implications, some in the immediate future and some in the long run. The best of the technologies, marketing strategies and HR interventions may fail if the finances of the firm are not managed efficiently in relation to all its activities. This course helps to develop this understanding. Besides, the success of a firm depends crucially, among others, on its ability to adapt to the changing external environment. This aspect is the other major implicit philosophy of the course. Application of the tools and techniques using real life data would be a frequent practice during the course. Pedagogy
The course is covered in 15 sessions of 2 hours each. The pedagogy would involve lectures, case analyses, class room discussion and assignments on real life data. Data would be culled by you primarily from Prowess Database (of CMIE). Other sources like company website, websites of SEBI, RBI, NSE and BSE may also be used.
Evaluation Parameters:
Component Weight
Quiz : 20%
Project : 20%
Case study and presentation
End-Term
: 20%
40%
Case Study and Project would be assigned group wise.
Module: I (12 hours)Financial Planning
- Long term Financial planning
- Sustainable Growth and External funds requirement
Raising Long Term Finance
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- Financial instruments- Initial Public Offering (Book Building Method and Fixed Price Method)- Follow on Public Offer- Rights Issue- Preferential Allotment & Private Placement- Venture Capital & Private Equity- Green Shoe Option
- Allotment of shares in case of over subscription
- Pricing of Issue
- Raising finance in the international Market
Risk Analysis, Real Options and Capital Budgeting- Sensitivity Analysis, Scenario Analysis and Break Even Analysis
- Monte Carlo Simulation
- Real Options
- Decision Trees
Introduction to Mergers and Acquisitions
Reading: Chapter 3, 14, 19, 20, 8 &29
Module: II (12 hours)Working Capital Management: An Introduction
- Meaning nature and scope of WCM.- Determinants of WCM- Current assets Vs. Total assets- Operating cycle- meaning and computation- Estimation of Working capital requirements- Appraisal of Working Capital management of a firm
Cash Management- Introduction to Cash Management- Cash System of a typical firm- Collection management - Disbursement management- Productive investment of idle cash
Cash forecasting
Receivables Management and Credit Policy- Variables of credit policy- Credit granting decisions
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- Impact of Credit Policy changesCollection, monitoring and control of receivables
Inventory Management- Valuation of Inventories- Inventory Strategies - Techniques of Inventory management
Determination of optimum safety stock
Financing of Working capital requirements- Bank Financing: norms and procedure- Assessment methodology of WC requirements by commercial banks- Instruments of WC financing available to Indian Cos.- Pre-Shipment & Post-shipment Credit by Commercial Banks
Management and control of working capital
Reading: Chapter 26, 27 & 29
Module: III (6 hours)Introduction to Equipment Leasing
- Concept and classification
- Finance lease and Operating lease
- Advantages of leasing
Lease Evaluation: The Lessee’s Angle- Financial evaluation models
- Suggested framework for lease evaluation
- Concept and application for breakeven lease rentals
- Evaluation of lessor
Lease Evaluation: The Lessor’s Angle- Breakeven rental for lessor
- Negotiating lease rental
- Concepts of Gross yield and Add-on-yield
- Gross yield based pricing
- Internal rate of return of a lease
- Assessment of lease rental related risks
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- Assessment of default risk
Hire Purchase- Concept and characteristics of hire purchase
- Mathematics of Hire Purchase
- Legal aspects
- Tax aspects
- Accounting aspects
- Financial evaluation
Reading: Chapter21
Note: Appropriate case studies will be distributed and discussed in due course.
Text:Ross, Westerfield, Jaffe & Kakani “Corporate Finance”, (Tata-McGraw-Hill, 8th or later edition)References: Brealey, Myers, Allen and Mohanty. “Principles of Corporate Finance” (Tata-McGraw-Hill, 8th or later edition)Damodaran, Aswath “Corporate Finance: Theory and Practice”, (John Wiley & Sons, Inc., 2nd or later edition)Rajiv Srivastava, Anil Misra. “Financial Management”, (Oxford University Press)M.Y.Khan, P.K.Jain. “Financial Management, (Tata-McGraw-Hill, 5th or later edition)Additional reading material (compulsory as well as optional) would be supplied as and when required.
Important Websites
- SEBI: www.sebi.gov.in/- RBI: www.rbi.org.in/- NSE: www.nseindia.com/- BSE: www.bseindia.com/- World Bank: www.worldbank.org/
Besides, some of the very interesting aspects of the theory and practice of finance are dealt with in a lucid manner in the following two websites:
http://www.investorhome.com/toc.htm . It opens up the table of content for a host of issues of significant importance in the world of real life finance.
www.financeprofessor.com : Another useful website. See the “Finance Notes” sections, and within that “Introductory Finance Notes” and “Advanced Corporate Finance Notes”. However, the first one (investorhome) is more rigorous.
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Business French Course Coordinator: Mrs. Neeta Tripathi Full Time MBA(IB) 2012 – 14 Trimester
Credits : 02
The objective of the students who learn French or any other language at this stage is
to acquire the ability to communicate .It is therefore essential that due emphasis is
given to spoken language. In the classroom thus, a good amount of time is spent on
verbal interaction while teaching Business French, it is essential to teach the students
the correct method of pronunciation, & grammar. This has been incorporated in the
lessons. The students will study with the help of Pre prepared lessons, photocopied
material, and the book ECHO A`1 The course comprises of 3 trimesters of 20 hours
each of interaction in every trimester
The Internal weightage is 60% and the exam is 40%. This is done in order to make
sure the students are regular in class and in order to deter them just learning by heart
for the exam alone. Weightage will be given to written assessment, oral participation
in the class, regularity and quality of assignments done.
Book ; Echo A 1 Book and Work book ( will be used for all the 3 tri semesters) ECHO – A1 ( Available tel 43540888) email langers@ymail .com
Dictionaire Larousse concise ( English- French; French – English )
Pre prepared study material
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Course Credit: 2
Objective : To empower professionals through communication skills in french
Focus :
To introduce the students to the correct pronunciation
To try to remove hesitation and encourage students to speak with the vocabulary provided from the very first day
To familiarize them with the vocabulary used in a working environment
To teach students the importance of communication in a multicultural context and
about the mannerisms etiquette and customs of the French
To enable students to read, comprehend and write in French
To communicate in the working environment
To broadly create a learning atmosphere whereby every participant gets to apply the nuances of communication in french in a corporate environment
To give a practical approach to written and oral communication
To explore the dynamics of team communication and preparing students to collaborate effectively through inter personal skills by the means of role plays , team project work and presentations
Providing practical skills for communicating in the global environment so as to recognize the growing need for multicultural sensitivity thereby encouraging awareness
Providing the tools required to create projects and presentations on given areas while incorporating the grammatical frame work and vocabulary that is industry specific
Pedagogy This is a credit course .There will be 10 sessions of 2 hour each (20 hours)
Emphasis would be given on the applications of effective principles of communication
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Pre -prepared material would be provided and situations created so that students apply the theories taught and apply the tools provided Though the approach would be informal ,oral and written tests would be held from time to time in order to assess the development of the studentThe students would be taught to use the reference material to their advantageUsage dictionaries to be encouraged .for enhancement of vocabulary
Methodology The method of teaching will be a direct method where the students learn to speak from the day one. They would be encouraged to formulate their own sentences and speak. Emphasis would be given on the applications of effective principles of Communication in French. The classes would be interactive and would involve working in groups and individual capacity team and individual written work, presentations, role plays, mock interviews, speech delivery would be an integral part of the teaching process
Evaluation
The course will be evaluated on three parameters ie. theory, assignments (Practical, oral and written), and project work and presentations here will be an end of term exam to evaluate the students. The internal marks would comprise of 60 % of the marks and the end term exam would comprise of 40 % Credit would be awarded to regularity, class participation, meeting deadlines and the quality of work and presentations (verbal ability)
1lesson per week of 2 hours each 10 weeks per trimesterNumber of sessions10–(10 classes of 2 hr per week ) in the following document each session is planned for a 2 hour interaction.
1 st semester 1. Basic guideline to pronunciation 2. Usage of verb Etre, 3. Introduction to verb Avoir and qu’ya-t-il …4. Teach how to make questions with Où , qui , comment etc5. Article défini & indéfini6. Article partitif and article contracté,7. L’adj demonstratif 8. Introduction and usage of adj possessive.9. L’adjective interogative , Adjective demonstrative 10.Numbers11.Time 12.Parts of the body and the verbs related to them. Conjugation of verbs of the first
group.13. Imperative, 14.Seasons
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Course outline (Detailed)
Session 1 Orientation class An Overview of the course Methodology, requirement and expectations Basic guideline to pronunciation Grammar : Article défini & indéfini Usage of verb Etrevocabulary: Professions, Days of the week and the months, numbers 1-10 Verbal ability ;Making of sentences by students. Asking each other questions Enhancing the understanding of communication by using verbe etre
Doing the lesson using the vocabulary to formulate sentences etc, introducing them to “comment” and giving useful adjectives,
Session 2 Grammar Masculin feminin des noms verbe etre continue written exercises numbers 11-30 Adjective demonstrative Understanding the French - a presentation Exercises in Team presentation presentations on . French culture and important contribution of France, socio and political system Social Manners and business etiquette
Session 3 Verbe aller , Vouloir Article partitif and article contractéAdjective interrogative Gram : making questions with Combien , a quelle heure ? Using dans combien de temps, dans, depuis, pendant ,Il fait
Vocab Numbers till 69 ,Time
Verbal ability asking and telling time , asking and telling telephone numbers
Vocabulary pertaining to travel and tourism industry. Arrivals - departures À , en and de + nom des villes et pays
Session 4,5 Gram : Introduction to verb Avoir and qu’ya-t-il … L’adj demonstratif L’adjective interogativeVocab:Teach how to make questions with Où , qui , comment, quand , quel ,que verbal ability asking questions and answering them
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Session 6 Conjugation of verbs of the first group Vocab Parts of the body and the verbs related to them. Verbal abilty usage of verbs and simple translation Sessions 7 Exercises in spoken French& written Mid – Term test
Sessions 8 Gram:adjective possesive vocabulary. Members of the family Verbal Ability usage of adj possessive. and related readings and Exercises in spoken french Describe a given picture /or any personSpeak / write about your family
Grammar
Session 9 Gram :Imperative, Vocab: la circulation ( road and map related) Verbal Ability ..Giving directions from a map
Creative work –look for advertisements in French – translate them Create advertisement Session 10 Gram: Seasons, Comparative , superlative Vocabulary; related to various seasons and weather Verbal Ability How to enquire about destinations , Make reservations for a flight , find out about weather in a particular month from travel agents.
exercises to improve the hearing skills and comprehension of the language’
Review of all work - quiz test
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Spanish Language
Course Coordinator: Debarati Byabartta
Full Time MBA(IB) 2012 – 14
Credits : 02
STRUCTURE: BUSINESS SPANISH
1. Introduction to Spanish language, brief history of its expansion and its relevance in the present
day scenario.
2. Introduction to Alphabets
1. Familiarization with alphabets, vowels and consonants as well as pronunciation.
1. Introduction to various types of verbs
2. Conjugation of verbs in present tense – Regular verbs
3. Vocabulary
1. Articles – Definite and Indefinite
1. Conjugation of verbs in Present tense – Normal and Radical Changing verbs
2. Vocabulary
1. Agreement of Numbers and Genders
2 Conjugation of verbs in Present tense – Irregular verbs
3 Vocabulary
Class test: written and oral
1. Usage of Auxiliary verb – Ser and Estar
2. Possessive adjectives
2. Vocabulary
1. Possessive Adjectives (Passive use)
2. Personal Pronouns after prepositions
3. Use of Tener, Haber, Hay, Deber Verbs
4. Vocabulary
1.Tener verb and its Idioms
2.Expressions related to Hacer
3.Vocabulary
1.Demonstrative Adjectives
2.Expressions related to introduction
3. Written Drills – Essays
1.Numbers
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2. Time
3.Vocabulary
4. Written Drills – Essays
1. Demonstrative Pronouns
2.Vocabulary
3. Written Drills – Essays
1.Personal Pronouns ( Indirect and Direct Object)
2.Concepts of Por and Para and their different usage.
1.Reflexive verbs
2. Defective verb: Gustar (se)
Class test: written and oral
Course Book: 1. Collins Dictionary – Spanish - English / English – Spanish Medium Size
2. Grammar Book – Eric V. Greenfield (photocopy of the book to be distributed)
METHODOLOGY AND OUTCOME
General Principles
The teacher follows a very unique method of teaching developed by Julian Harris and Andre
Leveque whose methodology is based on the assumption that language is something that you do,
and that the easiest and most natural way to learn a language is by using it, and that a
systematic study of practical grammar is an invaluable aid. Keeping this assumption in mind we
proceed always from concrete examples to abstract principles so that students are given
explanation of a principle of grammar only after they have learnt to use phrases that illustrate it.
This teaching method is also based on the assumption that although we can learn a good deal
from the way children learn a language, there is no point in pretending that adult literates should
learn a foreign language as they learnt their mother tongue. Students are unwilling to babble
meaningless sounds and non sense syllables for long periods as children do; most of them like to
know what they are talking about; they can work with tape recorders and printed materials; they
can follow directions – and will do so if they think the directions make sense; they are capable of
concentrating their attention upon the sound and the meaning of a phrase simultaneously; they
have the habit of analyzing, comparing, deducing, and generalizing; they like to see how
sentences are put together; while they have to practice a great deal, as children do, they can
practice in a much more conscious and purposeful way; they have a highly developed set of
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speech habits that must be taken into account, and so on. Therefore instead of waving away a lot
of facts - or pretending that they do not exist, we try to make use of factors that are favorable to
learning a foreign language and to overcome those that are unfavorable.
Methodology
Keeping above mentioned general principles in account, the classes will be held where by various
types of teaching methodology will be used – keeping in view that a foreign language is being
taught in a place where the normal mode of communication is either English or Hindi. Hence
accordingly, the following methods will be followed:
1. In the first phase - GTM – Grammar teaching method will be followed - During this method,
more importance is give to learning of grammar rules, vocabulary and accuracy. The
medium of instruction will be English.
2. Once the students have been introduced to the basic rules of grammar and they have
started writing and reading they will be simultaneously introduced to Direct Teaching
method, where by the instructions will be given in the concerned language, with
introduction of everyday vocabulary, oral communication will be developed in a graded
manner, and vocabulary will be taught through demonstrations, pictures etc. Classes will
be held with the support of audio-visual effects.
3. After the basic rules of grammar have been taught and the students have begun
expressing by associating their vocabulary with day to day life, they will be taught with
systematic principles of selection. This method will include oral expressions of the selected
written material under the guidance of instructor, and later they will be followed by the
writing method, and grammar rules.
4. The class will also be supported by audio visual effects, so as to have better
understanding of that particular language in terms of comprehension and oral expression.
After completion of this course, students will be able to
1. Read correctly.
2. Write correctly - simple sentences, they will be able to frame simple sentences without taking
any help from instructors.
3. Students will gain confidence and with the use of dictionary, they will be able to frame even
complex sentences.
4. Students will be able to talk in his chosen language with limited expressions.
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5. Students will be able to write and translate simple commercial letters.
6. Students will attain certain level of understanding whereby, when introduced to the native
world, they will be able to cope up with the environment.
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Business Mandarin Course Coordinator: Dr. Rakesh KumarFull Time MBA (IB) 2012 – 14 Trimester
Credit: 2
Introduction
The Chinese language, Romanization, general introduction to sounds, tones and working through:
1. The Chinese phonetic alphabet, organ of speech and Drills with the practice of four tones.
2. Introduction of Chinese Character and the Rules of Stroke-Order of Chinese Character (300 Chinese Characters)
3. Practice of the tones with the special emphasis on Zi, Ci, Si, Zhi, Chi, Shi4. Basic formation of sentences and the grammar of the texts 5. The part to be covered in the beginning with will be numeration, order of Time,
Date, Month and Year, Measure Words, Counting of Money. 6. Conditional Dialogue with the help of Pinyin (Romanization of Chinese Character)
and the dialogue to be covered a. Making friends : Making Simple Introduction, exchanging greeting and others. b. Family and Friends c. Shopping d. Buying tickets e. Direction and Transport 7. Weather, date and seasons, Hotels, restaurant, Change money. 8. Expressing two actions going a simultaneously , Chinese proverb, abbreviations in
Chinese, similarities and dissimilarities. 9. Translation and Interpretation of Texts and the Reviews.
Note: The above course will covered with the showing of Chinese movies and documentary which will enable the students to understand China and the language in broader perspective.
Objective: With the completion of the course the students will be in a position to communicate with the natives Chinese and people speaking mandarin language and to understand basic Chinese character.
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