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ADVANCED PROGRAMME IN STRATEGIC MANAGEMENT (APSM BATCH-12) DURATION: 6 MONTHS (93 HOURS APPROX)
About IIM Calcutta
The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry. During its initial years, several prominent faculty formed part of its nucleus, including Jagdish Sheth, J. K. Sengupta, among others.
Over the years, IIMC has grown into a mature institution with global reputation, imparting high quality management education. It has been playing a pioneering role in professionalising Indian management through its Post Graduate and Doctoral level programs, Executive Training Programs, Research and Consulting Activities.
About the Programme
Current business contexts are defined by intense pressures of competition, integration across global markets, new concerns about sustainability and an intensification of resource conflicts around the world, technological changes including the use of information technology and massive institutional transitions/transformations. These both frame and challenge a firm’s ambitions of growth requiring them to take risks as they navigate through change.
Strategy is a mode of thinking that leverages the power of individuals, institutions, firms and markets in a cohesive manner to improve the effectiveness of an organization. Hence, we can call it the exercise of power. It is a skill and a craft. Strategy is thus fundamentally about governance. Power can of course be sought for its own sake and therefore crafty strategists in its pursuit may deform and transform business and societal spaces and existing institutions, even while setting ‘new rules of the game’. These require institutional work to be carried out that can embrace the ‘social’ and ‘political’ even as it retains the core concern with the economic calculus of a firm’s strategizing.
Globalization and more intense international flows of resources and ideas are bringing firms that were nurtured in ‘specific historically constructed national institutional settings’, to compete in global markets. Understanding the institutional setting of rival and/or partner firms so as to better appreciate their strengths and weakness adds an additional layer of complexity to the strategic endeavor in a globalizing context. Navigating the challenges of global competition therefore requires an appreciation, not only of the strategic moves a firm can make – but more importantly how these relate to and interweave with the broader institutions that frame and define strategic action.
This course therefore presumes that strategic action, of competition or cooperation, always is embedded in societal, institutional and regulatory contexts. Rather than looking at these as constraints, it helps if one can appreciate how wins can be crafted and power effectively leveraged working within and through these broader institutions, to the benefit of both firm and society.
- Developing a strategic thinking mode – understanding how power is wielded and negotiated in multiple contexts, especially amidst great ‘complexity’ and institutional transformations.
- Understanding strategic landscapes of industries, including the interface with law and regulation, and institutional variation across nations
- Understanding sustainability, resource conflicts and its relation to strategy
- Discerning the strategic significance of few contemporary developments such as outsourced models of business, vigorous use of informatics, delayering of organizations, modularization of product systems and so on.
- Strategizing in a network mode – competition and cooperation; especially appreciating role of shared assets
- Economics of strategy moves, especially under decreasing and increasing returns
- Managing multi-stakeholder interests and institutional frameworks thereof, especially of work-force/skill-holders and communities with various resource rights
Prof Mritiunjoy Mohanty, Prof Biswatosh Saha
Some of the areas and themes that will be covered are indicated below:
- Strategic Thinking: Appreciation of conflicts, contests and cooperation
- Role of Institutions, laws, contracts and frameworks for engaging with multi-stakeholders interests
- Firm strategy, sustainability and resource conflicts
- Increasing returns and business development with non-linear profits
- Understanding competition and cooperation: Products and platforms
- Modularization and outsourcing
- Varieties of capitalism, institutional legacies and global competition
- Organizing inside the firm
- Managing under institutional transitions
- Merger and Acquisitions, including a brief exposure to valuation
Working executives who are graduates (10+2+3 or equivalent) in any discipline with 50% marks and possess an experience profile of at least 7 years after graduation are eligible. Applicants with desired work experience who do not have 50% marks in graduation but 50% or more in post-graduation are also eligible.
Delivery & Class Schedule
The classes will be delivered using VCNow’s 2-Way highly interactive HD Video Conference platform available at over 30 cities in India. Classes will be held every Monday (6:30 PM - 9:30 PM). In addition, there will be three campus visits to IIM Calcutta.
Assessments & Certification
IIM Calcutta will conduct examination and other evaluation methods required for certification. Successful completion of the programme will require a participant to (a) attend at least 66% in each of the courses and (b) obtain no more than two “Poor” grades in the whole programme
Programme Commences: Sep 2019 (Tentative)
Application fees: INR 1000
Programme Fees: INR 2,00.000
Campus Module Fees: INR 88,000
(All fees payable to UCS LLP, GST applicable extra on all above components) Loan support available
|Amount INR||62,700 + 32,000||74,600 + 24,000||62,700 + 32,000|
Last date to apply is August 15, 2019.
For more information and support speak to our Academic Advisors:
West 9322402404, 9820643525 | North & East 9339207570, 9339207990 | South 9348878000, 9347466778