Developing Management Competencies in MBA Finance & Banking Program

STRATEGIC MANAGEMENT Linking top to bottom through vision and mission Synergizing with QEC DR. KUMAIL RIZVI

HOW TO INITIATE 1. Identify the purpose 2. Identify the Outcomes 3. Measurements and evaluation design 4. Data collection 5. Analysis and evaluation 6. Decision-making regarding actions to be taken.

TARGETS Vision and Mission Statement of University Mission Statement of Business School Objectives based on Mission Statement Outcomes (expected) based on Mission Statement Analysis Survey: Faculty Alumni Employers Graduating Class And Lot of Administrative Data & Assessment

MISSION STATEMENT OF THE PROGRAM Master in Business Administration (MBA) with major in Finance & Banking The mission of the MBA with major in Finance & Banking program is to develop the student body with the management competencies and leadership potential that is required to thrive in the competitive global business environment.

PROGRAM OBJECTIVES 1. To enable the graduates in developing strong knowledge based foundations which would help them in thinking critically about business problems, analyze them and to come up with the optimal solution within the constraints. 2. To nourish their communication and negotiation skills which are important to implement different tactical and strategic decisions. 3. To develop and nurture the leadership potential among students and to make them realize the importance of team work and collaborative environment in achieving time constrained goals.

4. To make them aware about their responsibilities and duties as a manager and leader within the universally acceptable ethical and social frameworks. 5. To encourage them to take entrepreneurial initiatives by providing them opportunities to analyze and tackle with uncertain business situations and to take appropriate actions along with an opportunity to see the outcome of alternative decisions.

PROGRAM OUTCOMES (TRAITS) 1. Students should have a good working knowledge of finance, banking and accounting. 2. Students must be familiar with project evaluation techniques and criteria 3. Students must be proficient in using Excel for financial modelling, scenario building and analyzing calculations. 4. Students must have the problem identification, analyzing and solving skills 5. Students must know when and how marketing research can and should be used i.e. what research alternatives exist, and how they could recognize effective and ineffective research. 6. Students must develop the skills that help them identifying and managing strategic marketing opportunities in a competitive environment 7. The students must be able to make strategic decisions and justify these decisions through oral and written communication

8. Students should ensure that they have a solid foundation of the fundamental marketing decision-making tools and management of all of the elements of the marketing plan. 9. Students must be familiar with the research concepts i.e. how to search for knowledge, or conduct any systematic investigation, to establish novel facts, solve new or existing problems, prove new ideas, or develop new theories, usually using a scientific method. 10. They must also be able to discover, interpret, and develop the methods and systems for the advancement of human knowledge on a wide variety of scientific matters of our world. 11. Students should be able to express leadership skills by using independent thinking, motivating and support other members of team to achieve given task. 12. They must be able to exhibit high degree of ethical and professional values. 13. Students should be able to think out of the box to cope up with uncertain business environment and to convert it into opportunities for value creation.

MATCHING OBJECTIVES WITH OUTCOMES Program Ability to apply Ability to identify, Program Outcomes Ability to communicate Ability to work Understanding of the Objectives business knowledge formulate and solve effectively strategic effectively in teams professional and to real world practical problems decisions in written and and provide support ethical responsibilities situations Oral forms others xx xx x x x Sound Knowledge of business subjects x x xx xx x Excellent communication and Negotiation skills x x xx xx x Leadership and Team Work x x x x Xx Professionalism and Work Ethics x x x xx xx Entrepreneurship and Futuristic Vision

LINKING COURSES WITH OBJECTIVES Sound Knowledge of Leadership, Objectives Human Excellent communication Professionalism and Work Entrepreneurship, Business Courses/Groups business subjects Resource Management and Negotiation skills Ethics Policy Making and Futuristic of Courses and Team Work Vision Mathematics/Statistics, x Financial Accounting, Corporate Finance Marketing Management, x x X HRM Business Policy, Marketing x x X Strategy, Financial systems Entrepreneurship and SME x Management, Mgmt. Policy and Practice Research Project and x X Internship

FEEDBACK LOOP Objective How measured When measured Improvement identified Improvement made Courses have been modified business computing applications to incorporate 1.Sound Knowledge of business Survey of Ongoing activity from Need for new courses identified e.g. subjects alumni/employers/gradu Jan 2014 to March 2014 increased focus on Business Computing The FSA course is now focused more on IFRS and US GAAP ating class skills in all courses More stress on Accounting Standards is required Report writing 2.Excellent communication and Survey of Ongoing activity from Market places high premium on Presentations Negotiation skills alumni/employers/gradu Jan 2014 to March 2014 written and oral skills ating class Increased use of cases in Strategic Management and Leadership and OB. 3.Leadership and Team Work Survey of Ongoing activity from Greater focus on case studies with its alumni/employers/gradu Jan 2014 to March 2014 inbuilt reliance on team work Workshop effectively teach case studies conducted to train faculty to ating class Various guest speakers from the industry are invited to share their experiences. 4.Professionalism and Work Ethics Survey of Ongoing activity from Greater emphasis on interaction alumni/employers/gradu Jan 2014 to March 2014 between industry representatives and Job fair. ating class students Faculty is planning to incorporate internship programs with reputable organizations 5.Entrepreneurship and Futuristic Survey of Ongoing activity from Internship should be introduced to Vision alumni/employers/grad Jan 2014 to March 2014 give students flavor of real time uating class challenging working environment

PROBLEMS AND DIFFICULTIES No Clear direction No Proper Secretarial Support (Adhocism cant work!) Never Ending Loops Dean Mr. XYZ Mr. PQR Let me Talk to the DEAN! Mr. MNO

SOLUTION C0mprehensive and efficient System Information Data Bank/ Information Office Mandate of PT/Committee Should be Communicated properly Institutional Ownership