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6. Governance, Leadership and Management
The governance is transparent, encourages participation from all quarters and is process driven. The institution has a well crafted vision and mission statement that is displayed in the entrance, central points and the library. The prospective plans of the institution are derived from the vision and mission of the institution while the core values inspired the students and the staff.
There are various committees where teachers participate in decision making process such as:
• Internal Quality Assurance Cell (IQAC): It is the driving force behind the success of all academic and institutional activity. It proposes, approves, plans, sets standards, monitors, controls and leverages feedback for improvement and development.
• Internal Complaints Committee: It is constituted with an objective of gender sensitization, prevention and prohibition of sexual harassment of women employees and students and redressed of grievances.
• Academic Council Committee: Academic Council is a think-tank that advises the Principal on various matters of academics, research & development, training & placements, and extra-curricular activities.
• Anti ragging Committee: Resolves the grievances and creates the awareness regarding anti- ragging practices.
• SC and ST Committee: the committee is constituted with the objective of welfare of SC/ST students and staffs and resolves their grievances.
There are various committees where teachers participate in decision making process such as:
• Internal Quality Assurance Cell (IQAC): It is the driving force behind the success of all academic and institutional activity. It proposes, approves, plans, sets standards, monitors, controls and leverages feedback for improvement and development.
• Internal Complaints Committee: It is constituted with an objective of gender sensitization, prevention and prohibition of sexual harassment of women employees and students and redressed of grievances.
• Academic Council Committee: Academic Council is a think-tank that advises the Principal on various matters of academics, research & development, training & placements, and extra-curricular activities.
• Anti ragging Committee: Resolves the grievances and creates the awareness regarding anti- ragging practices.
• SC and ST Committee: the committee is constituted with the objective of welfare of SC/ST students and staffs and resolves their grievances.
ASTHA School of Management has always encouraged and empowered its faculty and staff to take initiatives in spearheading various initiatives to foster a decentralised and participative management system. An example of such participative decision making is the Shuttle Smashers (Whack n' Win), the state level Open Door Badminton Championship organised by ASTHA School of Management every year, aimed to promote not only sportsmanship and a spirit of healthy competition among the participants but also to act as a shining opportunity to ensure Institute industry connect. The entire event is planned and coordinated by faculty coordinators with the involvement of staff and student volunteers to smoothly carry out all necessary arrangements.
The institution demonstrates effective leadership through decentralization by forming various functional committees such as placement, admission, hostel, canteen, research & development, and Internal Complaints Committee. These committees distribute responsibilities among faculty and staff, ensuring shared decision-making. Active participation of members in planning and executing activities reflects participative management. It promotes transparency, accountability, and collective responsibility in institutional functioning. Thus, leadership is not centralized but practiced collaboratively across different levels of the institution.
The institution exemplifies effective leadership through its commitment to sustainability and participative initiatives. The Executive Director-cum-Secretary, Dr. Bankim Mohanty, receiving the prestigious Prakruti Mitra Award reflects visionary and responsible leadership. This recognition highlights the institution’s focus on environmental consciousness and sustainable practices. Further, the organization of a plantation drive in collaboration with Bank of India demonstrates participative management and community engagement. Such initiatives indicate decentralized efforts and collective involvement in achieving sustainability goals.
In its latest edition Shuttle Smashers 2024 held on 14th & 15th December 2024, the event witnessed participation from more than 100 teams, both in women's and men's doubles category from 65 different universities, institutes and corporate houses across the state. Shri Jagdish Arora acted as the Chief Guest of the valediction ceremony. Mr. Yagyansis Mohapatra was invited as the Guest of Honour. Winners and runners-up were awarded trophies, certificates and Cash Prizes. A special exhibition match between faculty members added excitement and fostered camaraderie within the institution.
The institution demonstrates effective leadership through decentralization by forming various functional committees such as placement, admission, hostel, canteen, research & development, and Internal Complaints Committee. These committees distribute responsibilities among faculty and staff, ensuring shared decision-making. Active participation of members in planning and executing activities reflects participative management. It promotes transparency, accountability, and collective responsibility in institutional functioning. Thus, leadership is not centralized but practiced collaboratively across different levels of the institution.
The institution exemplifies effective leadership through its commitment to sustainability and participative initiatives. The Executive Director-cum-Secretary, Dr. Bankim Mohanty, receiving the prestigious Prakruti Mitra Award reflects visionary and responsible leadership. This recognition highlights the institution’s focus on environmental consciousness and sustainable practices. Further, the organization of a plantation drive in collaboration with Bank of India demonstrates participative management and community engagement. Such initiatives indicate decentralized efforts and collective involvement in achieving sustainability goals.
In its latest edition Shuttle Smashers 2024 held on 14th & 15th December 2024, the event witnessed participation from more than 100 teams, both in women's and men's doubles category from 65 different universities, institutes and corporate houses across the state. Shri Jagdish Arora acted as the Chief Guest of the valediction ceremony. Mr. Yagyansis Mohapatra was invited as the Guest of Honour. Winners and runners-up were awarded trophies, certificates and Cash Prizes. A special exhibition match between faculty members added excitement and fostered camaraderie within the institution.
The strategic plan of the institution for the year 2023-2024 included organizing an International Conference on Sustainability.
The International Conference on Fostering Inclusivity through Future Sustainability (ICFIFS-2025) was organised on 28 and 29 June 2025, bringing together scholars, practitioners, and thought leaders to explore the critical intersection of inclusivity and sustainability in a rapidly changing global landscape. The two-day conference aimed to highlight inclusive strategies and actionable frameworks that ensure equitable participation of diverse communities in sustainable development initiatives. Emphasising both global perspectives and local actions, the event provided a platform for in-depth discussions through keynote sessions, panel deliberations, research presentations, and case studies that addressed pressing issues such as financial inclusion, ethical and digital inclusion, sustainable business models, social entrepreneurship, and equitable education practices. Participants engaged with emerging ideas on how to integrate marginalized voices into sustainability efforts, strengthen resilience, and create equitable policy interventions. By focusing on context-specific solutions that align with the United Nations Sustainable Development Goals, ICFIFS-2025 reinforced the importance of inclusive approaches for achieving sustainable futures. The event not only showcased cutting-edge research but also inspired actionable commitments to drive transformative change in academia, industry, and society at large.
The International Conference on Fostering Inclusivity through Future Sustainability (ICFIFS-2025) was organised on 28 and 29 June 2025, bringing together scholars, practitioners, and thought leaders to explore the critical intersection of inclusivity and sustainability in a rapidly changing global landscape. The two-day conference aimed to highlight inclusive strategies and actionable frameworks that ensure equitable participation of diverse communities in sustainable development initiatives. Emphasising both global perspectives and local actions, the event provided a platform for in-depth discussions through keynote sessions, panel deliberations, research presentations, and case studies that addressed pressing issues such as financial inclusion, ethical and digital inclusion, sustainable business models, social entrepreneurship, and equitable education practices. Participants engaged with emerging ideas on how to integrate marginalized voices into sustainability efforts, strengthen resilience, and create equitable policy interventions. By focusing on context-specific solutions that align with the United Nations Sustainable Development Goals, ICFIFS-2025 reinforced the importance of inclusive approaches for achieving sustainable futures. The event not only showcased cutting-edge research but also inspired actionable commitments to drive transformative change in academia, industry, and society at large.
| File Description | Documents |
|---|---|
| Strategic Plan and deployment documents on the website | View Link |
| Paste link for additional information | Nil |
| Upload any additional information | No File Uploaded |
The institutional bodies of ASTHA School of Management in the shape of Committees both statutory and non-statutory are effective and efficient as the Internal Quality Assurance Committee (IQAC) approves and implements all the academic and administrative activities. The institute is run and managed by Shree Panchamukhi Educational and Charitable Trust, so the Board of Governers holds the responsibility to sustain the institute. The Executive Director-cum- Secretary acts as the representative of the Board overseeing all the activities such as revenue generation. Principal being the Head of the Institution and Head of IQAC engages in day to day academic, administration and Financial activities. Respective Deans of Academic Affairs, Training and Placement, Statutory Compliance and Communication and Research Publication provide necessary support to the Principal for effective execution. The faculties are involved in various committees and act independently in decision making.
The institution has also well-defined policies that ensure effective and efficient functioning of its administrative and academic bodies. The HR policy, including recruitment, leave, and performance appraisal, provides a structured framework for managing human resources. The scholarship policy ensures transparency and support in student financial assistance. The research and publication policy promotes academic excellence and guides faculty in scholarly activities. The library policy facilitates systematic access to learning resources and services. Together, these policies establish clear procedures and accountability, reflecting an organized and efficient institutional setup.
The institution has also well-defined policies that ensure effective and efficient functioning of its administrative and academic bodies. The HR policy, including recruitment, leave, and performance appraisal, provides a structured framework for managing human resources. The scholarship policy ensures transparency and support in student financial assistance. The research and publication policy promotes academic excellence and guides faculty in scholarly activities. The library policy facilitates systematic access to learning resources and services. Together, these policies establish clear procedures and accountability, reflecting an organized and efficient institutional setup.
ASTHA School of Management ensures the following welfare measures to motivate staff performance.
1. Working Hours: The institute has convenient working hours that ensure employee productivity.
2. Holiday, Leave and Vacations: The holiday list is provided by the affiliating University and the institute adheres to it. There is a well drafted leave policy which includes EL, CL, Duty Leave and Special Leave.
3. Ward Welfare Scheme: The institute provides monetary support to the wards of Grade four employees.
4. Rewards and Recognition:Institute provides rewards and recognition to its employees for outstanding services.
5. Statutory Welfare: Statutory welfare measures include leave, working hours, EPF, insurance, increments, special allowances, maternity benefits, safety and security etc.
6. Group Insurance: The institute has group insurance scheme for employees.
7. Salary Advance: The institute extends salary advances to its employees who are in dire need.
8. Provision for Uniform: Grade IV employees are provided with institutional uniform.
9. Free Lunch and Dinner: Grade IV employees enjoy free lunch and dinner at the canteen.
10. Outings and Get-togethers: The employees enjoy outings and get-togethers organized by the institute.
11. Training & Development: The employees are provided ample opportunities for training and development.
1. Working Hours: The institute has convenient working hours that ensure employee productivity.
2. Holiday, Leave and Vacations: The holiday list is provided by the affiliating University and the institute adheres to it. There is a well drafted leave policy which includes EL, CL, Duty Leave and Special Leave.
3. Ward Welfare Scheme: The institute provides monetary support to the wards of Grade four employees.
4. Rewards and Recognition:Institute provides rewards and recognition to its employees for outstanding services.
5. Statutory Welfare: Statutory welfare measures include leave, working hours, EPF, insurance, increments, special allowances, maternity benefits, safety and security etc.
6. Group Insurance: The institute has group insurance scheme for employees.
7. Salary Advance: The institute extends salary advances to its employees who are in dire need.
8. Provision for Uniform: Grade IV employees are provided with institutional uniform.
9. Free Lunch and Dinner: Grade IV employees enjoy free lunch and dinner at the canteen.
10. Outings and Get-togethers: The employees enjoy outings and get-togethers organized by the institute.
11. Training & Development: The employees are provided ample opportunities for training and development.
| File Description | Documents |
|---|---|
| Reports of the Human Resource Development Centres (UGCASC or other relevant centres). | No file uploaded |
| Reports of Academic Staff College or similar centers | View File |
| Upload any additional information | View File |
| Details of professional development / administrative training Programmes organized by the University for teaching and non teaching staff (Data Template) | View File |
| File Description | Documents |
|---|---|
| IQAC report summary | View File |
| Reports of the Human Resource Development Centres (UGCASC or other relevant centers) | No file uploaded |
| Upload any additional information | View File |
| Details of teachers attending professional development programmes during the year (Data Template) | View File |
Performance Appraisal of employees is done yearly with a standardized appraisal form. The faculty face a 360 degree appraisal whereas, the non-teaching staff have dual rating system. The Grade IV employees are appraised by the supervisor and the management. Every individual is communicated about their roles, responsibilities and KPAs before the beginning of Academic Year.
Performance monitoring is however, a continuous process and it is carried out at the end of each semester for the faculty. The non-teaching staff are monitored monthly, and given feedback on half-yearly basis. Process of Performance Appraisal
• Principal evaluates the appraisal form and submits her recommendation to the ED-cum-Secretary.
• The ED-cum-Secretary constitutes a committee where each form is evaluated and verified.
• After the due recommendation of committee, ED-cum-Secretary incorporated it in agenda of the Governing Board or Trust Board meeting.
• The recommendation given by the committee gets approved and the same is beingcommunicated to each teaching and non-teaching members through an office order.
• The outcomes of the appraisal come into force by the first day of each annual year.
Performance monitoring is however, a continuous process and it is carried out at the end of each semester for the faculty. The non-teaching staff are monitored monthly, and given feedback on half-yearly basis. Process of Performance Appraisal
• Principal evaluates the appraisal form and submits her recommendation to the ED-cum-Secretary.
• The ED-cum-Secretary constitutes a committee where each form is evaluated and verified.
• After the due recommendation of committee, ED-cum-Secretary incorporated it in agenda of the Governing Board or Trust Board meeting.
• The recommendation given by the committee gets approved and the same is beingcommunicated to each teaching and non-teaching members through an office order.
• The outcomes of the appraisal come into force by the first day of each annual year.
| File Description | Documents |
|---|---|
| Paste link for additional information | Nil |
| Upload any additional information | View Link |
Every sanctioned account of the institute is audited internally and externally.
Internal audit is carried out by a committee headed by the Accounts Officer.
• Prior to the statutory auditor’s audit, the internal audit committee must conduct a pre-audit submitting for the final audit in the respective Financial Year.
• Internal Auidit Committee consists of Accounts Officer, Two senior faculty members and the Junior Administrative Officer.
• This done once in a year.
External audit is carried out by External Chartered Accountant.
• Internal audit is followed by external audit conducted by Dwarika and Associates.
• The audit reports are duly received, acknowledged and presented to the AICTE and the BPUT for approval and affiliation purpose year on year.
There is a provision for any audit objection to be mentioned by the external Auditor to mention in the audit report itself, which can be further resolved by the institution. However no objection has arisen till date.
Internal audit is carried out by a committee headed by the Accounts Officer.
• Prior to the statutory auditor’s audit, the internal audit committee must conduct a pre-audit submitting for the final audit in the respective Financial Year.
• Internal Auidit Committee consists of Accounts Officer, Two senior faculty members and the Junior Administrative Officer.
• This done once in a year.
External audit is carried out by External Chartered Accountant.
• Internal audit is followed by external audit conducted by Dwarika and Associates.
• The audit reports are duly received, acknowledged and presented to the AICTE and the BPUT for approval and affiliation purpose year on year.
There is a provision for any audit objection to be mentioned by the external Auditor to mention in the audit report itself, which can be further resolved by the institution. However no objection has arisen till date.
ASTHA mobilizes and optimally utilizes its financial resources through multiple structured sources. The primary source of funding is students’ fees, which support regular operations and institutional development. The Internal Revenue Generation Committee contributes by organizing corporate training, consultancy, and resource-sharing activities. Additional income is generated through rentals from telecom service providers such as BSNL and Bharti Airtel for towers installed on campus. The institute also receives occasional financial support from trustees and alumni. Other sources include interest earned on bank deposits, sale of admission forms and prospectus, and collection of hostel fees.
The following are the areas where the institutional expenditure occurs:
1. Capital expenditure on infrastructure development, procurement of library books, creating ICT facilities, buying equipment & accessories.
2. Administrative expenses are incurred as recurring expenditure on salaries, electricity & Wi-Fi bills, EMIs, Insurance, maintenance of systems and equipment, vehicles, landscape etc. The non-recurring expenditure is on tours and travels, repairs, write-offs, damages etc.
3. Academic expenses on events, seminars, conferences.
4. Social expenses are incurred on outreach programmes.
5. Training & Placement expenses
6. Corporate Liaison expenses
7. Expenditure is made on Admissions and Scholarships.
8. Audit expenses
The following are the areas where the institutional expenditure occurs:
1. Capital expenditure on infrastructure development, procurement of library books, creating ICT facilities, buying equipment & accessories.
2. Administrative expenses are incurred as recurring expenditure on salaries, electricity & Wi-Fi bills, EMIs, Insurance, maintenance of systems and equipment, vehicles, landscape etc. The non-recurring expenditure is on tours and travels, repairs, write-offs, damages etc.
3. Academic expenses on events, seminars, conferences.
4. Social expenses are incurred on outreach programmes.
5. Training & Placement expenses
6. Corporate Liaison expenses
7. Expenditure is made on Admissions and Scholarships.
8. Audit expenses
IQAC has initiated various activities for continuous quality enhancement and holistic development of both students and faculty members. Two of the notable events are as elaborated;
Prakalpa -Recognizing Research Talent:
One of the most integral parts of management education is the Summer Internship Project that provides a focused research opportunity as well as practical exposure to the students in their specific fields. PRAKALPA is an endeavor to acknowledge the best of these researches undertaken by students. The young talents are stringently assessed through a three tier system comprising of screening of reports, Individual Presentation and Q&A session. Prakalpa 2024 was held on 14th November, 2024 where students from various B- Schools of India participated and winners received cash prize along with certificates.
Faculty Development Programme
One-Week Faculty Development Programme on Startup Innovation and Entrepreneurship was organised from May 26 to May 31, 2025. The programme aimed to equip faculty members with contemporary knowledge and practical insights to promote innovation-driven teaching and nurture entrepreneurial mindsets among students. Along with Chief Resource Person Ms. Purabee Purnasha Mishra, COO, Electropreneur Park, Bhubaneswar, the programme featured experts from STPI, startup founders, representatives of banks and funding agencies, offering holistic exposure to the startup ecosystem.
Prakalpa -Recognizing Research Talent:
One of the most integral parts of management education is the Summer Internship Project that provides a focused research opportunity as well as practical exposure to the students in their specific fields. PRAKALPA is an endeavor to acknowledge the best of these researches undertaken by students. The young talents are stringently assessed through a three tier system comprising of screening of reports, Individual Presentation and Q&A session. Prakalpa 2024 was held on 14th November, 2024 where students from various B- Schools of India participated and winners received cash prize along with certificates.
Faculty Development Programme
One-Week Faculty Development Programme on Startup Innovation and Entrepreneurship was organised from May 26 to May 31, 2025. The programme aimed to equip faculty members with contemporary knowledge and practical insights to promote innovation-driven teaching and nurture entrepreneurial mindsets among students. Along with Chief Resource Person Ms. Purabee Purnasha Mishra, COO, Electropreneur Park, Bhubaneswar, the programme featured experts from STPI, startup founders, representatives of banks and funding agencies, offering holistic exposure to the startup ecosystem.
| File Description | Documents |
|---|---|
| Paste link for additional information | Nil |
| Upload any additional information | View File |
The institute reviews it’s teaching learning process through a continuous assessment system through the following ways:
• Feedback from the students are collected on faculty’s subject delivery, course curriculum and learning support.
• Feedback is also collected from student for evaluating the attainment of COs, POs and PSOs.
• Faculty subject presentation seminars are thoughtfully conducted to enhance and showcase their subject expertise, delivery, preparedness, and pedagogical skills, while providing constructive and encouraging feedback for continuous professional development.
The IQAC has given guidelines for measuring learning outcomes. Accordingly the feedback survey is administered, analysed and reported to the IQAC. Based on the analysis IQAC recommends many interventions for continuous refinement of teaching learning process. Few of the add on initiatives are as follows:
Preparation of Online Study Materials
To ensure the students are better equipped to gain theoretical insights from a variety of sources, outside of books available at library, various study materials are prepared for the students essential from the examination perspective.
The following e-resources are prepared by the faculty members for their respective courses:
1. Module wise teaching notes of various subjects
2. Practice Questions at the end of every module related to those topics
3. One case study after each module
4. Probable questions for the University examination and model answer
5. Video lecture of eminent academicians from NPTEL
Out-Bound Training on Leadership Development and Team Building
Leadership:
Good leadership is often cited as the key reason for organizational success. Today’s highly competitive corporate workplace demands high energy leaders to develop agile, resilient teams who can translate their vision into competitive advantage.
Leadership development activities are custom designed that provide a collaborative and participative learning platform where the participants get many opportunities to hone their strategic skills combating critical challenges. These activities also help the participants in connecting their learning to their existing knowledge and experience base.
Team Building
Team building means shaping the people into a productive force. Team building is an ongoing process that helps a group evolves into a cohesive unit. The team members not only share expectation for accomplishing group tasks, but trust and support one another and respect one another individual difference.
Team building activities and team games consist of a variety of tasks designed to develop group members on behavioral competencies and enhance their ability to work together effectively. The team building activities aim to strengthen interpersonal relationships between group members, break up the monotony and get the creative juices flowing.
• Feedback from the students are collected on faculty’s subject delivery, course curriculum and learning support.
• Feedback is also collected from student for evaluating the attainment of COs, POs and PSOs.
• Faculty subject presentation seminars are thoughtfully conducted to enhance and showcase their subject expertise, delivery, preparedness, and pedagogical skills, while providing constructive and encouraging feedback for continuous professional development.
The IQAC has given guidelines for measuring learning outcomes. Accordingly the feedback survey is administered, analysed and reported to the IQAC. Based on the analysis IQAC recommends many interventions for continuous refinement of teaching learning process. Few of the add on initiatives are as follows:
Preparation of Online Study Materials
To ensure the students are better equipped to gain theoretical insights from a variety of sources, outside of books available at library, various study materials are prepared for the students essential from the examination perspective.
The following e-resources are prepared by the faculty members for their respective courses:
1. Module wise teaching notes of various subjects
2. Practice Questions at the end of every module related to those topics
3. One case study after each module
4. Probable questions for the University examination and model answer
5. Video lecture of eminent academicians from NPTEL
Out-Bound Training on Leadership Development and Team Building
Leadership:
Good leadership is often cited as the key reason for organizational success. Today’s highly competitive corporate workplace demands high energy leaders to develop agile, resilient teams who can translate their vision into competitive advantage.
Leadership development activities are custom designed that provide a collaborative and participative learning platform where the participants get many opportunities to hone their strategic skills combating critical challenges. These activities also help the participants in connecting their learning to their existing knowledge and experience base.
Team Building
Team building means shaping the people into a productive force. Team building is an ongoing process that helps a group evolves into a cohesive unit. The team members not only share expectation for accomplishing group tasks, but trust and support one another and respect one another individual difference.
Team building activities and team games consist of a variety of tasks designed to develop group members on behavioral competencies and enhance their ability to work together effectively. The team building activities aim to strengthen interpersonal relationships between group members, break up the monotony and get the creative juices flowing.
