2nd year

Business Ethics And Communication

The Business Ethics and Communication group is a uniquely positioned academic venture within a premier Indian management institute like IIMC. Both business ethics and communication have today found their space in management institutions drawing from their intellectual roots in disciplines like Indology, Aesthetics, Human Values, Philosophy, Political Theory, Literary Studies, Communication/Media Studies, Semiotics, Language Studies, English Language Teaching (ELT) and their corollaries. Notwithstanding such non-managerial origins, these specialisations have developed to find their location within a frame of management that has enabled them to offer relevant knowledge, a practical tool kit and skill-set that is now regarded as indispensable for modern management. A quick survey of most mission-vision statements of management and corporate institutions across the globe adds to the inevitability of these subjects as not just academic but equally important professional aids. While students learn to be sensitive to ethical issues specific to the domain of business; they also learn to translate a conceptual understanding of the role of communication in management into a requisite skill set in this area. While ethical perspectives in leadership and entrepreneurship become cardinal managerial enablers in research skill sets, exploring the complex relationship of communication to management and public policy is an equally significant objective, particularly for Indian researchers. As an institutional group, we are endowed with the responsibility of ingraining ethical values in every managerial perspective and knowledge base and articulating such values while employing managerial skills and expertise; and also, simultaneously, contribute towards developing new teaching-learning communication tools that help derive actionable meaning out of multiple layers of information and knowledge. Together, we aspire to contribute to management as intellectual endeavour and humanistic, social and cultural practice.

Courses offered in recent academic years

  • Advanced Analytical Skills in Communication
  • Corporate Social Responsibility: Perspectives and Practices
  • Communication Management in the Digital Age
  • Cross Cultural Business Communication
  • Entrepreneurship in NGOs


Being a basic discipline in the study of management, there are three compulsory courses in Economics: Macroeconomics, Microeconomics and Indian Economics. These courses deal with the working of the economic system as a whole, with special reference to the Indian situation, as also the functioning of individual microeconomic agents under different types of market structures like competition, monopoly, oligopoly etc. The objective is to give grounding in the basic tools of economic analysis, their application and the institutional specificities of the global as well as the Indian economic scene.

The electives offer some degree of specialization in areas such as Economics of Development, International Economics, Economic Business Policy, Econometric Methods, The Economics of Human Resources, Globalization and Developing Countries, etc.

Courses offered in recent academic years

  • Selected Aspects of Macroeconomics
  • Econometric Methods
  • International Economics
  • The Economics of Business Policy
  • Institutions, Markets and Firms : Growth and Structural Change in China and India
  • Sustainable Development : Challenges for Business
  • Game Theory and Business Strategy : An Economic Perspective
  • Applied Macroeconometrics
  • Economics of Sustainable Development
  • Mergers, Acquisitions and Divestments : Economic & Financial Aspects of Corporate Control
  • The Economics of Human Resources
  • Decisions and Games
  • Financial Econometrics
  • Macroeconomics for Developing Economies
  • Innovation and Technology Policy
  • India and China
  • Fiscal Policy and Macroeconomic Stabilization
  • Auctions: Theory and Practice
  • Global Political Economy of the 21st Century
  • The Economics of Corporate Sustainability
  • Economic Development, Social Choice and Inequality

Finance & Control

The Finance and Control Group provides teaching and research in the areas of Accounting and Control, and Corporate Finance. The courses offered include basic courses in financial and management accounting and corporate finance in the first year. The optional courses in the second year focus on financial derivatives, risk management, business valuation, and quantitative finance.

Faculty research in the area of Financial Accounting looks beyond the boundaries of traditional accounting. The primary research interests of the Group include work on contemporary issues in financial reporting, disclosure, and contracts using financial information.

Faculty research in the area of Control includes understanding the role of information and measurement systems for allocating resources among firms in the economy, and between departments or divisions of individual firms; measuring performance of business segments; executive compensation; understanding the profitability of suppliers, products, customers, distribution channels, and business units; and formulating, executing and evaluating strategy by firm managers.

Faculty research in the area of Finance includes the study of the theory and practice of corporate finance, and study of markets and institutions for financial assets. Its greater emphasis is on business fields and its focus is on the use of economic analysis and statistical methods in dealing effectively with management problems in these applied business fields.

The Group uses its research output in teaching PGP students and in teaching executives in executive management programmes. It involves Fellow Programme students in Faculty research

Courses offered in recent academic years

  • Money and Banking
  • Financial Risk Management
  • Management Control System
  • International Finance
  • Bank Management
  • Fixed Income Markets
  • Structured Finance
  • Infrastructure and Project Finance
  • Options, Futures & Derivatives
  • Business Valuation
  • Investment Analysis and Portfolio Management
  • Corporate Restructuring
  • Behavioural Finance
  • Trading Strategies
  • Financial Modelling
  • Infrastructure Finance
  • Financial Risk Management
  • Commodity Finance

Human Resources Management

Human resource is the single most important asset that any organization possesses. The core competence of an organization ultimately rests upon the quality of this vital resource and on how it is leveraged by the firm to seek its competitive advantage. For a successful organization, human resource policies and practices must drive its strategic goals and help their effective realization.

Keeping in view the acknowledged importance of the discipline, the Human Resource Group offers a compulsory foundation course during the first year and several optional courses for the final year students. Course contents and teaching materials for all courses are constantly revised in tune with the emerging needs of the modern organizations.

The first-year compulsory course provides a broad systemic perspective of Human Resource Management (HRM) as a discipline. It introduces the key concepts, issues, systems and tools relevant to the field, along with their broader linkages. The final year optional courses enable the students to study topics of their interest in greater depth, as relevant to their area(s) of specialization or career goals. An appropriate selection of these optional courses would help a student to embark upon a career as a HRM specialist.

Courses offered in recent academic years

  • Human Resource Management : Policy and Strategy
  • Strategic Human Resource Management in Services
  • Strategic Planning and HRM
  • HRM in MNC
  • Network and Careers
  • The Economics of Human Resources
  • International Human Resource Management

Management Information Systems

Information Systems (IS) provides information support to managerial decision-making. It is crucial for effective implementation of the planning and control functions in an organization. Recently, because of the growing capabilities and increasing availability of computer-based tools and communication technologies, IS plays a key role in the formulation and implementation of corporate strategies.

MIS group endeavors to develop precisely these capabilities among students by offering a balanced mix of courses in planning and managing of IS and fundamental understanding of ICT. The first year courses familiarize students with the basics of computers, communications, databases and popular application packages.

Electives on Strategic Management of IT, Information Economy, Neural Networks, and Fuzzy Systems help develop skills in strategic decision making. While DBMS and Knowledge Discovery discuss database and data mining applications to IS, Network Management and Security, ICT for Development, and E-Commerce provide thorough understanding of ICT and related applications.

Students get substantial exposure to modern technologies, as the Institute has a wide range of modern computing facilities.

Courses offered in recent academic years

  • Business Dynamics
  • E-Commerce
  • Business Data Mining
  • Computational Intelligence in Finance and Business
  • Business Intelligence
  • ANNFS: Applications to Finance & Strategy
  • Business Process Management
  • Marketing Data Analytics
  • Information Technology and Business Innovation
  • Information & Network Industries
  • Information Security in Business
  • RFID and its Business Implications
  • Information Technology : Strategy and Governance
  • Creating and Managing Innovative ICT Startups
  • Management Information Systems : The Strategic Dimensions
  • Strategic Business Intelligence
  • Social Network Analytics
  • Business Process Management
  • Strategic Dimensions of Information Security in Business
  • Business Risk Management
  • Business Transformation with Social Media
  • Information Risk : How do you do your Business Despite Security Issues
  • Business Applications of Intelligent Systems
  • RFID and its Business Implications
  • Selected Problems in Information Security in Business
  • Business Applications of Intelligent Systems


The purpose of an organization is to create and retain customers. This can ensure long term profitability and growth. Marketing is the business function which is directly charged with this strategic task of customer creation and customer retention.

IIM Calcutta Marketing group, through its bouquet of compulsory and optional courses continuously keeps its offerings in tune with emerging market dynamics both in India and abroad. Stress is laid on developing sound conceptual base, honing decision making skills and taking reality checks on the class room inputs through live filed projects. A combination of full-time faculty and visiting faculty drawn from industry and business is deployed to deliver this pedagogy.

Courses offered in recent academic years

  • International Marketing
  • Rural Marketing
  • Marketing Theory and Contemporary Issues
  • Integrated Marketing Communication
  • Consumer Behaviour
  • Strategic Marketing
  • Strategic Brand Management
  • Marketing to Bottom of Pyramid Consumers
  • Sales and Distribution Management
  • Sports Entertainment and Media Marketing
  • Services Marketing
  • Product Management
  • Advanced Market Research
  • Sports and Entertainment Media Marketing
  • Marketing Decision Models
  • Marketing Research
  • Seminar on Agricultural Marketing
  • Relationship Marketing
  • Innovations in Marketing Theory and Practice
  • Internal Marketing
  • Marketing in Practice
  • Services Marketing
  • Managing Retailing
  • Marketing to Bottom of Pyramid Consumers
  • Corporate Social Irresponsibility
  • B2B Marketing
  • Rural Marketing
  • Marketing for High Tech & Innovation (HTIM)
  • Managing Luxury Business
  • Marketing Simulation

Management Centre for Human Values

The Management Centre for Human Values (MCHV) has been created to focus special attention on the crucial dimension of values and ethics in management education and practice. Thanks to the pioneering work by Professor S. K. Chakraborty, the Centre, which is an integral part of the Institute, attempts to evolve an Indian model of management, drawing inspiration from four great sons of modern India Rabindranath Tagore, Swami Vivekananda, Mahatma Gandhi and Sri Aurobindo. At a time when large corporations worldwide are being exposed for gross unethical practices, the Centre places primary emphasis on human values, the lack of which has been largely responsible for many of the problems in modern organizations. On such strong foundation of human values, the Centre builds its initiatives around such areas like Applied Ethics in Management, Corporate Governance and Social Responsibility, Management of NGOs and Synthesis of the Best of the East and West in Management. It also brings out a bi-annual international Journal of Human Values, published from Sage. Through its various courses, management development programmes and in-company workshops, the Centre tries to foster a values-based organizational culture which enhances holistic managerial effectiveness for an ethically sound, socially responsible and ecologically sustainable future business scenario.

Courses offered in recent academic years

  • Creative Excellence in Management: Insights from Indian Ethos
  • Corporate Social Responsibility : Perspectives and Practices
  • Entrepreneurship in NGOs
  • Leadership Excellence : Insights from Indian Ethos

Operations Management

Managing processes and products involves design, production and delivery at a low cost while maintaining high quality and customer satisfaction. Operations Management focuses on these managerial issues - fields like operations research, mathematics and statistics that play a vital role. Presently, the major thrust areas are Supply Chain Management, Project Management, Service Management, New Product Development, Operations Strategy and Quality Management. Inputs received from courses in these fields help the students in assimilating the managerial concepts they receive in courses offered by other functional areas like Finance, Marketing and Organizational Behavior, among others, in addition to Operations Management.

The faculty members of the group are involved in state-of-the-art research in various areas of operations management and quantitative methods. The group offers several elective courses focusing on recent trends in operations management and quantitative techniques. It also has a strong presence in consulting and in offering management development and in-company training programmes.

Courses offered in recent academic years

  • Production and Inventory Control
  • Project Management
  • Logistics and Supply Chain Management
  • Operations Strategy
  • Sustainable Supply Chain Management
  • Quantitative Applications in Finance
  • Optimization Models for Industry
  • Strategic Services Management
  • Revenue Management & Dynamic Pricing
  • O.R. in Marketing

Organizational Behavior

Designed to give students planning to become administrations, managers and executives, a better insight and appreciation of human problems in both industrial and non-industrial organizations, the courses in the Organizational Behavior draw upon concepts and conclusions from the interrelated fields of psychology, anthropology and sociology aiming at a synthesis of these in understanding the processes of organizational growth and development, organizational decision making and the role of an individual and group behaviour therein. The courses are structured to provide a deeper knowledge of organizational behaviour with specific emphasis on Indian situations. In addition, most concerted efforts are directed towards equipping the students with necessary behavioural skills for management of human resources organizations.

The Group offers two compulsory courses: Behavioural Sciences I and Behavioural Sciences II in the first and second terms respectively. These two courses provide the basic foundation for understanding individual, group and organizational processes utilizing theories and concepts with an interdisciplinary behavioural sciences approach. The core courses are particularly geared towards better appreciation of human and organizational phenomena in the Indian context.

Courses offered in recent academic years

  • Management of Change
  • Designing Corporate Citizenship Initiatives
  • Creating, Managing and Leading Social Enterprises
  • Organisational Structure & Design
  • Management of Self in Organizations
  • Conflict & Negotiations
  • Management of Creativity
  • Cross Cultural Management
  • Business Research Methods
  • Organisational Leadership: Inspiration, Dilemmas and Action
  • International and Cross-Cultural Management
  • Management Practices Across Cross Cultural Contexts

Public Policy and Management

The Public Policy and Management (PPM) Group at IIM Calcutta, a diverse multi-disciplinary group of active researchers and teachers, contribute to the making of future managers at one of the best management schools in the Asia-Pacific Region. Members of the Group address challenges of policy innovation, governance for public service delivery, relationship between government and industry, and try to influence public policy through high quality academic research and consultancy for policy analysis and programme evaluation.

The Groups faculty are deeply involved in shaping the understanding of key contemporary debates in public management, with specific focus on Management of Institutions for Urban and Rural Development, Business Solutions for Poverty Alleviation, Environment and Sustainable Energy Policy, Education Management, Healthcare Policy and Management, International Geopolitics, Legal Aspects of Business, Public-Private Partnerships for Infrastructural and Social Development, Intellectual Property Rights, Management of NGOs, and Citizen Engagement and Emerging Models of Shared Governance. The Group offers core courses in Indian Economic and Political History, Indian Social Structure, Indian Legal System, and Environment and Development.

Courses offered in recent academic years

  • Social Development and Social Policy
  • Managing the legal & Regulatory Environment of Indian Business
  • Country Risk Analysis
  • Urban Management: Issues and Strategies
  • Law and Policy of International Trade
  • Politics of Development
  • Environmental Challenges in India
  • WTO Law and Policy
  • Consumption Culture & Markets
  • Managing Public-Private Partnerships
  • Indian Business History
  • Global Political Economy of the 21st Century

Strategic Management

Courses offered in recent academic years

  • Competitive Strategy and Organizational Integration
  • Managing New Ventures
  • International Business
  • Leading the Family Business
  • Corporate Entrepreneurship
  • Mergers and Acquisitions : Aspects of Corporate Control
  • Mergers, Acquisitions and Divestments : Economic & Financial Aspects of Corporate Control
  • Strategic Leadership
  • International Management
  • Social Entrepreneurship & Civil Society Organizations
  • Industry and Competitive Analysis
  • Managing Strategy Implementation and Business Transformation
  • Managing Innovation
  • Global Strategic Management
  • Corporate Social Irresponsibility
  • Strategic Decision Making in International Business: National Culture Perspectives
  • Aligning Strategy Implementation & Career (ASIC) Role of Power, Influence and Persuasion
  • Strategies For The New Media Industries
  • Strategic Choices of Turnaround, Consolidation, Growth and Internationalization
  • Strategy Execution

Course offered jointly by Multiple Academic Groups

  • Management Through Films