Dr. Mohit Kumar Kolay, Ph.D.
Professor of Industrial Engineering & Management
Dr. Kolay holds the position of Professor of Industrial Engineering & Management at UGSM-Monarch Business School. Dr Kolay is also Professor & Head of the Management Department of the University of Fiji as well the Coordinator of its newly established MBA program. Before assuming this position, Dr. Kolay was the Dean of the Business School at Sohar University, Oman. He has also been on the faculty of University of the South Pacific, University Technology Mara, Malaysian Institute of Management and Indian Institute of Technology. Dr. Kolay holds a Ph.D. in Industrial Engineering from the Indian Institute of Technology in Kharagpur and a M.Sc. in Computational Finance from the University of Essex in the U.K. He also holds a post-graduate degree in Production Engineering from Calcutta University.
During his twenty-eight year academic career, Dr. Kolay has published more than forty papers in top international journals such as International Journal of Operations and Production Management, International Journal of Production Economics, Management Decision and Productivity among many others. He is a Fellow of the Institute of Cost and Works Accountants of India. His area of interest lies in management with an intersection of operations, accounting and finance.
Dr. Kolay returned to the academic field after spending ten years consulting with various manufacturing and service sector organizations in different countries. As an engineer, he spent time in cost control, cost reduction and modernization program with a major steel company in India as well as in the loans and advances control area of two major Indian banks.
All of Dr Kolay’s cross-cultural and cross-stream teaching and learning experiences have shaped his core teaching philosophy:
“Each student has a unique learning ability and a good teacher is one who can understand that and be flexible enough to adjust his or her teaching and delivery style to suit the situation. A productive student-teacher duo does not just rely on the student for the learning process—the teacher too must adapt and learn.”
It is this philosophy which has enabled Dr Kolay to successfully guide numerous students at Bachelors, Masters as well as Ph.D. level.
Academic Positions Held
- Professor of Industrial Engineering & Management, UGSM-Monarch Business School
- Professor and Head of the Department of Management, & MBA Coordinator, University of Fiji
- Professor and the Dean, Faculty of Business, Sohar University, Oman
- MBA Faculty Member with University of Liverpool- Laureate
- Visiting Professor, International University, Germany
- Professor, School of Management, Indian Institute of Technology (IIT), Kharagpur, India
- Associate Professor, and the Deputy Director, MBA Program, University of South Pacific, Fiji Islands
- Associate Professor, School of Accountancy, University Technology Mara, Malaysia
- Assistant Professor, National Institute for Training in Industrial Engineering, India
Academic Credentials
- Ph.D. Industrial Engineering and Management, Indian Institute of Technology, India
- Graduate Certificate in Tertiary Teaching, University of the South Pacific, Fiji Islands
- Professional Qualified Accountant, Institute of Cost and Works Accountants of India
- MSc Computational Finance, University of Essex, UK
- M.Eng. Production Engineering, Calcutta University, India
- Bachelor of Eng. Mechanical, Regional Engineering College, Durgapur, India
Awards And Honors
- Prize for the Best Paper, 1st International Conference on Enterprises and Environment towards Global Citizenship, Jan 2008 India
- Prize winning publication: Accounting Applied to Human Resource Management, 2005
- Research Project Award in an open competition on the Development Productivity Accounting System in 1996 from Indian Accounting Association Research Foundation
- Best Publication Award of the year 1996 for Measuring the Value of Organizational Human Resource, The Chartered Accountant
- Review Editor for International Journal of Operations and Production Management
Main Academic Interests
- Organizational Performance and Productivity Measurement
- Corporate Social Responsibility
- Valuation of Intangible Assets
- Organizational Learning
- Valuation of Organizational Human Resource
Professional Positions Held In The Past
- Officer, Accounts Division, Tata Iron & Steel Company Limited, India
- Officer, Technical Division, Advances control, United Bank of India
- Senior Manager (Credit), Punjab National Bank, India
- Management Consultant (Consultant-in-charge, Eastern Region) and Member of Faculty, Administrative Staff College of India
Associations And Memberships
- Member, ACBSP-Accreditation Council For Business Schools & Programs, USA
- Member, ECBE-European Council For Business Education, Switzerland
- Fellow Member, Institute of Cost and Works Accountants of India
- Member of System Dynamics Society of India
Selected and Recent Publications
- Kolay, M.K., Asia Al-Sheriyani, Fadhila Al-Saidi, Nadia Al-Mamari, and Maryam Al-Balushi (2009). Comparative performance of Omani commercial banks, ICABE 2009 Conference, Oman.
- Kolay, M.K. (2008). Measuring corporate social responsibility: A case study, International Conference on Enterprises and Environment towards Global Citizenship, IIBS, and AIMS, Kolkata
- Kolay, M.K. (2008). A standardized approach towards CSR disclosures, Research Publication, Institute of Cost and Works Accountants of India, Vol. XXXI, pp. 114-122.
- Kolay, M.K. (2007). Does the Level of Learning Vary Amongst the Corporate Houses in Fiji?, Applied Business research Conference, Honolulu, Hawaii.
- Kolay, M.K. (2006). Impact of Organizational Learning on Corporate Reputation- An Assessment, Second International Borneo Business Conference held in Malaysia.
- Kolay, M.K. and Kolay, M. (2005). Organizational learning in the South Pacific region- A reflection. Paper presented for the Fifth IIDS International Conference held at USP, Fiji Islands.
- Kolay, M.K. (2003). Performance criteria towards measurement of organizational human capital. Paper presented at McMaster World Congress on Intellectual Capital held at Ontario, Canada.
- Kolay, M.K. (2003). Changing organization and its sustainability: A case example of Fiji. Paper presented at the International Conference on Management of Research and Development held at IIT, India.
- Kolay, M.K. (2002). Productivity of technology: An assessment. Paper presented at the International Conference on Management of Innovation and Technology held at ZU, Hangzhou, China.
- Kolay, M.K. (2001). Test of organizational resilience. Paper presented at the Asian Academy of Management International Conference held at JB, Malaysia.
- Kolay, M.K. (2000). Accounting for human resource managers. The Management Accountant, Vol.35, No.9, September, pp 645-652.
- Kolay, M.K. (1997). Organizational Productivity Accounting. ICWA of India Research publication, Volume XIV, July, pp 41-53.
- Kolay, M.K. (1996). Measuring the value of organizational human resource. The Chartered Accountant, February, pp 16-28.
- Kolay, M.K. and Sahu, K.C. (1995). Performance measure as a surrogate value of organizational human resource. International Journal of Operations and Production Management, Vol.15, No.5, pp 40-59.
- Kolay, M.K. (1994). Development of supplier asset base- Role of different strategies. Productivity, April-June, pp 108-115.
- Kolay, M.K. (1993). Potential entrepreneurs’ project appraisal- A total approach for the financial institutions, Management in Government, Department of Administrative Reforms and Public Grievances, Vol.25 No.1, April-June, pp 1-12.
- Kolay, M.K. (1993). Supplier asset base- Appreciating or depreciating? International Journal of Operations and Production Management, Vol.13, No.8, pp 72-86.
- Kolay, M.K. and Sahu, K.C. (1992). Impact of external factors on organizational performance. International Journal of Production Economics, Vol.28, pp 321-339.
- Kolay, M.K. (1991). Managing working capital crises- a system dynamics approach. Management Decision, Vol.29, No.5, pp 46-52.
