The discipline of Economics, arguably, is at the core of all management principles. Indeed the basic principles of Marketing, Financial, Human Resources, Strategic, Organization Design and General management would easily find overlap with some Economic theory. It is then essential to understand the economic and policy environment within which businesses function.
The Economics department at IIM Indore is engaged in a variety of activities. The department is significantly involved in teaching in the integrated programme (IPM) where the curriculum is benchmarked to the best of three-year Economics honours programmes in India and abroad. The other significant commitment include teaching foundation and elective courses in the two-year MBA and Executive programmes.
The department has expertise in almost all the major areas in economics such as Applied Microeconometrics, High Dimensional econometrics, Game theory and Mechanism design, Choice theory and Welfare economics, Productivity and Efficiency analysis, Development economics, Poverty and Inequality, Institutional economics, Environmental economics, Formal and Informal Labour markets, Migration, Direct and Indirect tax, International Trade, Structural Transformation and Economic Growth, Fiscal federalism and Regional economics, International finance and Banking, Monetary Economics and so on.
The faculty members of the department are actively engaged in research and have multiple publications in the following journals.
Social Choice and Welfare, Games and Economic Behavior, Journal of Business Ethics, World Development, Economic Modelling, Journal of Development Studies, Review of Development Economics, Journal of Institutional Economics, Oxford Development Studies, Oxford Economic Papers, Regional Science and Urban Economics, Food Policy, European Journal of Political Economy, Journal of the Operational Research Society, the Journal of Business Logistics, Economic and Political Weekly, Journal of Developing areas, Economic Papers, International Journal of Social Economics, Ecological Indicators, International Journal of Green Economics, Desalination and Water Treatment, Poverty and Public Policy, Review of Economics and Institutions, Keio Economic Studies, Indian Journal of Economics, Analytique, International Journal of Corporate Governance, Journal of Public Affairs, International Journal of Technology Management and Sustainable Development, Journal of Emerging Market Finance, Finance India, Bank Parikrama, Thunderbird International Business Review, World Economics.
The department regularly offers the following elective courses across different programmes.
International Finance, Macroeconomics of Developing Economies, Indian Economy and Public Policy, International Trade, Tax Management, Competition Policy, Economics of Strategic Interaction, Monetary macroeconomics, Game Theory, Market Design, Behavioural economics, Public Finance, Environmental economics.
The department also has a strong Fellow Programme in Management (equivalent to PhD) where students go through a rigorous coursework comprising all the standard Graduate level courses like Advanced Microeconomics, Advanced Macroeconomics, Mathematical Economics, Advanced and Applied Econometrics, International Trade, Development Economics, Growth Theory, Monetary theory and Policy, and Game Theory. The usual duration is about four years including the coursework phase. For details please check http://www.iimidr.ac.in/academic-programmes/fellow-programme-in-management-fpm/
The department continuously looks for faculty and graduate students. Feel free to contact any of the area members or write to areachair-economics @ iimidr.ac.in.
Marketing is an organizational function, although customer-centric, seeks the welfare of all stakeholders. Marketing, as an academic area, not just covers aspects like branding and advertising, which assist in increasing the revenues for big corporates, but it also includes aspects like “bottom of the pyramid” marketing and marketing in subsistence marketplaces. Besides, marketing discipline covers issues like sustainability as well, which is a matter of larger concern to our society. The marketing department at IIM Indore is not just focused on the above-mentioned issues, but also it is committed toward world class and contextually relevant marketing research and education. Currently, the department is served by thirteen full-time faculty members. The faculty members in the area have obtained doctoral degrees/fellowships from leading institutions in India and abroad. Area members have published their research works in some of the highly reputed international and Indian academic journals in business management. In addition, area members have authored teaching cases, simulation exercises, books, and book chapters as well. Books authored by one of the faculty members are highly regarded by B-schools across India and abroad.
The area members research engagements involve the following contextually relevant aspects: channel management, channel relationships management, business-to-business marketing, mobile and digital advertising, consumer advocacy, tourism studies, customer relationship management (CRM), strategic marketing, marketing in emerging markets, brand management, design perception, behavioural judgement and decision-making, consumer information sharing, word-of-mouth (WOM), pricing, behavioural pricing, reference price, sports marketing and sports management. In addition, faculty members are actively engaged in socially relevant research areas like marketing in subsistence marketplaces, sustainability, and green marketing. Besides, area members regularly contribute research papers to conferences organized by apex academic associations in marketing area like American Marketing Association (AMA), INFORMS, JAMS etc. Area members main methodological expertise involve experimental design, structural equation modeling (SEM), latent variable analysis, qualitative research, choice modeling, meta-analysis etc.
Area members’ teaching interests include Brand Management and Advertising, Services Marketing, Marketing Research, Sales and Distribution Management, Marketing Analytics, Business to Business Marketing, Corporate Social Responsibility (CSR), Rural marketing, Qualitative research, Relationship Marketing and CRM, Digital Marketing, Pricing, Sports Marketing and Sports Management etc. The area embraces contemporary participant-centric pedagogies and teaching methods. Area members have developed teaching cases, games, simulation exercises, which are contributed to the repositories managed by institutions and publishers like Ivey, IIMA Case Centre, Journal of International Business Education etc.
Area members are actively engaged in management development programs (MDPs) and consultancy. Area members have successfully conducted MDPs for organizations like Ambuja Cement, Indian Oil Corporation Limited, Star Daichi Life Insurance, Godrej Agrovet and National Academy of Defence Production, The Indian Railways Institute of Transport Management, Pepsi, Reliance Capital, Ircon, Exide, Meril Life etc.
Through research and teaching, the marketing area at IIM Indore aspires to significantly contribute to the future of society, nation, organizations, and learners.
- Organizational Behaviour & HRM
Teaching (Post graduate and Executive Education)
The Organizational Behaviour and Human Resource Management area of Indian Institute of Management Indore is composed of faculty members of diverse backgrounds. The faculty members have academic and research interests ranging from understanding individual and group behaviour, human resource practices in transnational organizations, contemporary views on labour and industrial relations, etc. The area members teach core and elective courses across the entire breadth of academic programmes offered by the Institute. Area members are also actively involved in crafting in company training programmes for private and public sector organizations. Faculty members are also part of multiple governmental and private sector consulting projects.
Faculty members are involved in disciplinary and cross-disciplinary research and have published in influential high impact academic journals such as Human Resource Management; Journal of Business Ethics; International Journal of Human Resource Management; International Journal of Operations & Production Management; Economic and Industrial Democracy; Personnel Review etc. The prominent area of research are:
• Subordinate Superior Communication | • Team performance | • Leadership | • Human Resource Flexibility | • Managing Human Capital in Projects | • HR Practices in Family Business | • Organizational Learning | • Organizational and Group Psychological Capital | • Organisation Design | • Organizational Structures and Processes | • Social Network Analysis of Groups and Organizations | • Performance Management | • Marginal Workers and Precarious Labour | • Complexity Theory | • Negotiations | • Industrial Relations and Disciplinary Processes | • Business Ethics
The faculty members are also guiding multiple student industry projects and doctoral dissertations. Currently, the area is mentoring twenty doctoral students (13 FPM and 7 FPM-Industry). Faculty members are also involved in developing managerial cases from primary as well as secondary material. These cases are actively utilized as teaching aids in the postgraduate and management development programmes.
Special initiative by the area
The OB&HRM area of Indian Institute of Management Indore supports a niche two-year post-graduate program titled PGP-HRM. The program is rooted in business rationalities and aims to hone the skills of participants in various functions of human resource management. More information is available on the program page of the website.