Business success or failure is largely dependent on how the various functional areas in management are combined to produce and deliver value to different stakeholders. This integration of functions is taking place in a continuously changing and complex environment. The Corporate Strategy & Policy Area (CSP) deals with issues related to the formulation and implementation of management and change strategies as organizations strive to remain successful and grow in an increasingly complex, competitive and globalised world. It is therefore interdisciplinary by nature and requires an understanding of all functional areas.
The Area is well endowed in terms of faculty resources for dealing with these complex problems. The areas of research interest of the faculty in the CSP Area cover the entire spectrum of problems that affect the globalised businesses of today. Apart from the core area of strategic management these areas include international business, strategic alliances, new product development, and the management of technology & innovation.
Members of the Area offer a number of core and elective courses for the PGP, PGSM and FPM programmes of the institute. They are also actively involved in guiding various student projects. The Area offers specialization in the area of Corporate Strategy for the doctoral level FPM programme of the Institute. Other Area activities include case writing by faculty members, sponsored research and consulting. Themes of current business and research interests form the basis for a number of Executive Education Programmes that the Area members offer directly or in collaboration with faculty members from other Areas. Area members are on the Boards of several companies and also serve on national Committees dealing with strategic and policy issues.