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Business Data Management

This course will facilitate the students to:
1. An understanding of economics, business basics and associated terminologies. 
2. An overview on financial accounting, financial statements, financial statement analysis
and management accounting.
3. An overview on the basics of MS Excel
4. The 7 steps involved in the professional B2B selling process.
5. A holistic understanding on the importance of negotiation in businesses.
6. Service failure and recovery in B2C Vs B2B markets and role of organization and its
employees in tackling this

by Dr. Ashwin J. Baliga , Prof. Siddharth Arora , Dr. Aaditya Chandel

Course ID: BSMS2001

Course Credits: 4

Course Type: Data Science

Recommended Pre-requisites: None

What you’ll learn VIEW COURSE VIDEOS

Understand the business context: consumption patterns, micro-economic concepts underlying demand and supply

Course structure & Assessments

12 weeks of coursework, weekly online assignments, 2 in-person invigilated quizzes, 1 in-person invigilated end term exam. For details of standard course structure and assessments, visit Academics page.

WEEK 1 Introduction to Economics, Discussion of basic concepts
WEEK 2 Demand and Supply- Overview, basics, demand and supply curve, demand elasticity, supply elasticity
WEEK 3 Understanding basics of business- Business basics, Differences between B2C vs B2B, introduction to services, Organization buying behavior, B2B buying situations, Decision making unit, Sales techniques
WEEK 4 Excel live sessions- Basics to advanced
WEEK 5 Finance and accounts- overview, basic concepts in accounting, Asset side and liability side of balance sheet, Capital and the accounting equation, Importance of accounting for data analysts, Understanding the income statement, Advanced timing concepts and dividends, Case study on balance sheet and income statements
WEEK 6 Overview of financial statements, Type of accounts, Recording business transactions, Classification of accounts- balance sheet, Valuation of inventory, Computation of depreciation, financial statements, Income statement, balance sheet and cash flow statement, Impact of business transactions on financial statements
WEEK 7 Overview on financial statement analysis, Introduction to financial ratio analysis, Liquidity and solvency ratios, Efficiency and profitability ratios, market valuation ratios
WEEK 8 Case study on financial statement analysis
WEEK 9 Overview on management accounting, Applications of management accounting, Classification of costs and profits
WEEK 10 7 steps of B2B professional selling- Prospecting, approach, needs analysis, Offer, Objections handling/negotiation, conclusion, after sales
WEEK 11 Importance of negotiation in business- Nego traps, dashboard ownership & KPI control challenges, managing conflict, data protection and trust conflicts
WEEK 12 Service failure and recovery- B2C vs B2B- Its implications for organization, its employees and customers
+ Show all weeks

About the Instructors

Dr. Ashwin J. Baliga
Assistant Professor, IESEG School of Management

Dr. Ashwin J. Baliga is an Assistant Professor of Sales at IESEG School of Management, Paris Campus, France, and has a PhD in B2B Marketing from IIT Madras. He is the recipient of the “IIT Madras Institute Research Award” for the exemplary research work done and received the “Sri N Kannan Prize” for the Best PhD Thesis in Marketing at the 59th Convocation, IIT Madras. Ashwin has published in Journal of Business Research, Journal of Personal Selling and Sales Management, Journal of Business & Industrial Marketing, International Journal of Mineral Processing, Harvard Business Publishing, and Case Centre. He has received the 2024 and 2025 Outstanding Reviewer Award from “Marketing Intelligence & Planning” and the 2024 Best Reviewer Award from “Journal of Hospitality & Tourism Management”. His research interests are in B2B service failure and recovery, tech usage in sales, mental health and well-being of B2B salespeople, B2B customer reacquisition, relationship reactivation, buyer-supplier relationships, etc.

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Other courses by the same instructor: BSMS2001P - Business Data Management - Project

Prof. Siddharth Arora
Associate Professor, The College of Westchester, School of Business

Presently an Associate Professor at The College of Westchester, School of Business, he teaches Finance, Accounting, Sales, and Business Analytics and has been in academia since November 2021. Prior to entering the academic field, he accumulated more than 24 years of corporate experience, including 20 years at CRISIL Limited, an S&P Global company, where he held roles in Research, Analytics, and Sales across India, Hong Kong, Singapore, and the United States (New York). He holds a Bachelor of Commerce (B.Com.) degree and a Master of Business Administration (MBA) in Finance from India.

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Dr. Aaditya Chandel
Research Scientist, IIT Madras

Aaditya Chandel is an interdisciplinary leader, researcher, and entrepreneur who bridges the gap between high-tech engineering, data systems, and strategic business management. With a PhD from IIT Madras and international research credentials from Auburn University (USA), he brings a powerful combination of three distinct strengths to academia and industry: pioneering aerospace R&D, massive-scale management education, and proven entrepreneurial success. His expertise in elite management education is further highlighted by delivering prestigious guest lectures for Executive Program participants at IIM Kozhikode.Dr. Chandel is a highly disciplined strategist with a sharp track record of leading cross-functional teams and driving international collaborations. He excels at turning complex technical concepts into real-world business value, high-impact student mentorship, and scalable organizational growth. He is a founder of QkRes Technologies and Research Service. He successfully commercialized his technical expertise to build a venture that designs and supplies custom scientific instruments and experimental setups for top tier research laboratories.

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Other courses by the same instructor: BSMS2001P - Business Data Management - Project