The unique business challenges and the emerging business challenges are dealt with the Post Graduate Program in Management (PGP). This is a one-year program which incorporates the practical industry applications with the intensive and rigorous research-based curriculum that has already transformed several mid-career professionals into tomorrow’s future leaders. Designed with the international perspective, it is aimed at honing the skills of the professionals and makes them question the conventional wisdom.
With the special portfolio faculty model, the professionals are able to interact and engage with the leading management intellectuals, who bring the best of research and training experience from various B-schools of the country. The content offered by the program is global, distinct and truly contemporary.
With the PGP, there is a dynamic opportunity to extend one’s professional network through business plan competitions, conferences, international exchange programs, study treks and other avenues which help the professionals to explore different cultures and push their respective intellectual boundaries. The professionals are able to experience a rich mixture of engagement and ideation.
The Program attracts outstanding professionals from both developed and developing economies, who have a diverse experience and crave for enriching the learning environment in which they are based. Hence, it is a melting pot for various cultures, which helps the professionals to gain insight at the global level.
ISB PGP Learning Model
Global leaders in the society are created by the unique learning model of the program. A professional of the PGP is exposed to different kinds of learning models, methods, team-based learning and individual case studies. The academic gradient can be decided by the student themselves, based on their academic background and work experience.
ISB PGP Learning Goals
The five key learning goals of the program are as follows:
1. Interpersonal Awareness and Working in Teams: It aims to make every professional understand the value of team effort and how teams need to manage conflicts and compromises. The duties of the respective individual also get highlighted in this process. It is necessary to achieve the team goals and understand their importance.
2. Critical and Integrative Thinking: Each student is able to draw the main insights from the business setting, develop a new perspective that is complemented with integrative and critical thinking.
3. Awareness of Global Issues Affecting Business: The students are made to understand the important global and domestic factors related to business insights so that they grow more aware of it.
4. Effective Oral Communication: It is necessary for every student to learn how to communicate effectively and persuasively and at the same time, be a responsive listener.
5. Ethical Responsibility: The students need to understand the ethical issues and blend them with the business insights so that there is the inculcation of ethical responsibility.
ISB PGP Core Courses
Following are the core courses, divided on the basis of terms:
1. Financial Accounting and Decision Making: Centered around real financial statements, the course provides detailed examination of the company’s balance sheets, income statements and statement of cash flows. Long-term obligations, performance, liquid assets, intangible assets, investments and equity are explored.
2. Managerial Economics: The various microeconomic issues are handled, which includes cost determination, pricing, compensation, output decisions, entry and output from markets, optimal decision making and analysis of the economic problems from the perspective of the manager.
3. Marketing Management: The course deals with the challenging marketing decisions that have to be undertaken by the firm, the logistics of it, along with understanding the decision tools, analytic perspectives, product offering, marketing segmentation and targeting as well as marketing communications.
4. Statistical methods for marketing decisions: The course equips the students to frame the business problems in statistical terms. The students are taught about the statistical inference and regression analysis. Critical and integrative thinking is inculcated in the professionals, so that they can unambiguously cater to the results and reflect them.
1. Competitive Strategy: The course deals with the manner in which strategic decisions are framed. The students are given the roles of key decision makers and accordingly asked to handle the creation or reinforcement of competitive advantage. It is important to understand how strategy differs in the global context.
2. Decision Models and Optimization: Advanced modeling techniques are applied to the managerial decision making process, along with the usage of models and optimization which aim at diverse industries and functional areas.
3. Global Economics: The students are made aware of the international issues that affect the business along with the critical and integrative thinking. The students are able to figure out the global economic factors and the impact they have, along with the microeconomic policies and their effect on global business decision-making. The main issues in macroeconomic analysis are also configured.
4. Marketing Decision Making: The course equips the students with application-related, cognitive and content-related learning. Thus, the students are able to understand the marketing mix of product, pricing, promotion and place. Creative solutions would be analyzed for each marketing decision making with a thorough support of their cause.
1. Corporate Finance: It deals with the kinds of capital budgeting and valuation that should be done by a firm. The financial structure is taken into consideration by understanding the various investments and capital budgeting that is required. Discounted Cash Flow approach is used along with Flow to Equity, APV and WACC.
2. Managerial Accounting and Decision Making: It takes both the internal and external environment of the firm into perspective while teaching the managerial accounting and decision making tactics to the students. Various start-up ventures, be it international or domestic, are used as examples for learning.
3. Management of Organizations: The course helps the students in learning the ways to manage organizations depending on the human resources invested into it. Concrete organizational situations are discussed as case studies to test the skills of effective management.
4. Operations Management: Understanding the design, control and planning of the organization’s process with the objective of improving the supply chain performance is the main agenda of the course.
5. Leadership Development: As the course deals with the foundations of finance, it carves out ways in which the students are inculcated with better leadership skills and all round development.
Specializations and Electives
Out of the 80 electives that are offered, the students can choose 18 to 21 elective credits in the last five terms. The major components which are offered in the electives deal with:
1. Strategy and Leadership
3. Operation Management
4. Information and Technology Management
The Industry Specializations are offered in
1. Public Policy
The Experiential Learning Program (ELP) helps to work in the real-life scenario and gain industry insights. It is integrated with the course in a manner so that the PGP program has various interventions to make it a practical course for the professionals as follows:
1. Building a strategic roadmap for a firm for the Indian market
2. Landscaping an industry sector
3. Marketing Strategy for a travel firm with the focus on adventure tourism
4. Marketing and Pricing strategy for a sports solution provider brand
5. Developing business and digital strategy for a beverage brand
As the ELP issues are always strategic, they keep in mind the strategic conditions of the client and help in making business decisions. Thus, students are able to utilize their expertise gained in a phenomenal manner.
Leadership Development Program (LEAD)
The students have to undergo this three- day training into Leadership Development Program (LEAD) in which they understand their own effectiveness and are able to grow as future leaders of tomorrow.
The three key elements are
1. Assessment of the challenges and short-comings of the student
2. Challenges in the form of new experiences to inculcate those capabilities which are needed
3. Support by the study groups and the faculty to the student.