The Strategic Planning and Review Workshop organised by the Faculty of Business Studies was conducted on Wednesday, 18th December 2024, from 8:30 AM to 3:00 PM. The event took place at the Project Management Building of the Faculty of Business Studies.

Resource Persons included Prof Y. Nanthagopan (Chairperson, Committee for Strategic Planning and Monitoring), Prof Suresh Surendran (Visiting Professor), and Mr. S. Harikaran (Coordinator).

Event Highlights: Registration commenced at 8:30 AM. The Dean emphasized stakeholders’ importance in strategic planning and monitoring, outlined challenges, risks, and necessary improvements. The Vice Chancellor emphasized the significance of strategy, leadership, and strategic planning in achieving institutional goals.

Thematic Group Discussions focused on: (1) Enhancing the Research Culture, (2) Improving quality of teaching and learning, (3) Improving student extracurricular activities, (4) Promoting community outreach activities, and (5) Growing as an entrepreneurial faculty.

The Department of Project Management organized a field study visit for fourth-year students to project-based organizations in Colombo on 25th-26th September 2024. The visit included Port City Colombo, the Central Environmental Authority, Lotus Tower, and Unidil Packaging. It supported students to identify real-world project management practices in construction, environmental management, and manufacturing.

The bi-annual newsletter 2024, Volume 05, Issue 01 launched at the Faculty of Business Studies board room on 04th September 2024, with the presence of Newsletter committee members and faculty board members. The copies of the newsletter were received by the Dean, Professors, Heads of the departments, and the members of the faculty board from the Chairperson Mrs. K.P.W.D.R. Weerasinghe.

Alumni Association of the Faculty of Business Studies arranged seminar on 15th July 2024 for both undergraduates and graduates. It guided students to explore the opportunities to study abroad.

Alumni Association of the Faculty of Business Studies arranged this seminar on 25th July 2024 by Alumni members. It focused on helping participants to navigate their career paths by enhancing awareness of opportunities, developing key skills like resume writing and interview preparation, and building confidence through real-world scenarios.

The Faculty of Business Studies formed a vessel of research called Centre for Business Research on the recommendation of the Senate and the approval of the Council at its 32nd meeting held on 27th of July 2024. The aim of this initiative is to gain, disseminate, and share the research exposure among the faculty academic staff in order to improve their research capacity through availability of internal and external experts and events in research, especially in business minded research. Mr. G.R.M Gamlath has been appointed as the first coordinator of the Centre for Business Research.

The inauguration ceremony for the 2022/2023 academic year was organized on 29th July 2024. The Dean, Prof.Y.Nanthagopan addressed the students and warmly welcomed them to be a part of this historic institution. The inaugural speech was delivered by the vice chancellor, Prof. A. Atputharajah. All the heads of the departments of the Faculty of Business Studies and staff members also welcomed the newcomers and gave them words of wisdom and blessings.

The orientation program for the academic year 2022/2023 was conducted from 31st July to 28th August 2024 to acquaint the new students with the university education system, academic rules and facilities in the university. During the orientation program days, the students were engaged under various sessions such as LMS, ZOOM & Cyber Security, Students Code of conduct, 946 Circular and Students Life at University, Introducing Student & Welfare Division, Introducing the role of senior students counselor, Introducing the Mentoring System of the Faculty of Business Studies and the Role of the Library in University Education.

The Student Union, Faculty of Business Studies organized “FOBS-2024”, from the 31st August 2024 until the 11th September 2024. The objectives of this event are to promote togetherness, sportsmanship, and healthy competition among students in the faculty. Ultimately, fourth-year students secured the championship with a total of 257 points, while third-year students attained first runner-up with 250 points, and second-year students gained second runner-up with 181 points.

Forty students and staff from University of Ruhuna visited Faculty of Business Studies on 10th December 2024. The aim of this visit is to make the collaboration among the students and share a variety of resources and experiences, fostering collaboration and community. The event was highlighted the topics on Ramayana concept, tourism and destination culture.

Cultural Night and awarding ceremony was held on 31st September 2024, at the faculty premises. The student clubs were awarded to the top three students clubs based on the performance reviewed by the independent evaluation panel. The first place was won by the accounting club, second and third place were won by the PM club and HR club. The students research excellence awards were provided to the students those who got overall best results for their final year dissertation works in 2017/2018 batch. The night also featured amazing performances, showcasing the diverse talents of students.

Internship Placement Interviews were conducted with thirty organizations on 01st October 2024 by the Faculty of Business Studies. The organizations interviewed final year students for six months internship and job placement.

The Faculty of Business Studies invited six professional bodies, including the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Personnel Management (CIPM), the Institute of Certified Management Accountants of Sri Lanka (CMA), Sri Lanka Institute of Marketing (SLIM), Institute of Bankers of Sri Lanka (IBSL), and Project Management Institute for a Career Guidance Seminars on 01st October 2024. The seminar targeted both undergraduates and school students, providing career advice and information on professional courses.

An industry exhibition was inaugurated at the Faculty of Business Studies premises as a part of the RCBS conference on 30th September and 01st October 2024. The exhibition featured 50 local entrepreneurs showcasing their products and services, highlighting innovation and entrepreneurial growth in the region. The event provided a platform for networking, knowledge sharing, and fostering business opportunities between the university community and local entrepreneurs.

The Faculty of Business Studies arranged 5th RCBS on 30th September 2024, under the theme of “Unlocking Business Frontiers: Exploring Innovations and Knowledge Diffusion”, attracted participants from various business sectors, academic institutions, and industries. The opening speeches included a Chief Guest Speech by Prof. Sampath Amarathunge, Chairman of the University Grants Commission, Sri Lanka, and a Keynote Speech by Prof. Arosha S. Adikaram, Professor of HRM, University of Colombo. The conference featured multiple special guest speeches, panel discussions, and technical sessions with nearly 70 authors presenting 49 papers across multiple disciplines including finance, human resources, marketing, economics, project management, entrepreneurship, and tourism.

The internship placement interviews were held at the Faculty of Business Studies, University of Vavuniya, on 14th December 2023. The interviews provided final year students with opportunities to secure six-month internship placements with various organizations. Representatives from leading companies and institutions conducted the interviews to assess students’ skills, knowledge, and suitability for different roles. This initiative aims to bridge the gap between academic learning and practical industry experience, enhancing students’ employability and professional development.

The event saw participation from numerous organizations across different sectors, offering students diverse internship opportunities in fields such as finance, marketing, project management, and human resources. Students prepared thoroughly for the interviews, showcasing their academic achievements, extracurricular activities, and career aspirations.

The 2nd Advisory Board Meeting of the MSMEs Facilitation Hub of the Faculty of Business Studies was held on 14th December 2023. The meeting brought together industry experts, academic professionals, and community stakeholders to review the progress of the MSMEs Facilitation Hub and strategize future initiatives. Discussions focused on enhancing support mechanisms for micro, small, and medium enterprises in the region through capacity building, resource sharing, and market access facilitation.

Key agenda items included reviewing ongoing projects, discussing collaboration opportunities with industry partners, and planning training programs for entrepreneurs. The advisory board members provided valuable insights and recommendations to strengthen the hub’s impact on local economic development and entrepreneurship promotion.

Chartered Institute of Personnel Management (CIPM) conducted a comprehensive session on “Personal Branding & Interview Skills” for students of the Faculty of Business Studies. The workshop focused on helping students develop their professional identity and master interview techniques essential for career success. Participants learned about creating effective personal brands, developing elevator pitches, and presenting themselves confidently in professional settings.

The session included practical exercises, mock interviews, and personalized feedback from CIPM professionals. Students gained insights into current recruitment trends, employer expectations, and strategies to stand out in competitive job markets. The workshop emphasized the importance of digital presence, professional networking, and continuous skill development.

Strategic Planning and Review Workshop of the Faculty of Business Studies was held on 14th December 2023. The workshop brought together faculty members, administrative staff, and student representatives to evaluate current strategies and develop future plans for academic and institutional growth. Participants engaged in discussions about enhancing teaching quality, research productivity, student services, and community engagement.

The workshop utilized SWOT analysis and other strategic planning tools to identify strengths, weaknesses, opportunities, and threats. Working groups were formed to address specific strategic areas, resulting in actionable recommendations for implementation in the coming academic year. The outcomes of the workshop will guide the faculty’s development initiatives and resource allocation decisions.

Printed version of Vavuniya Journal of Business Management (VJBM) – Volume 5 Issue II was released at the 213th meeting of the faculty board. This academic publication features research articles, case studies, and theoretical papers from scholars in various business disciplines. The journal serves as a platform for disseminating cutting-edge research and promoting academic discourse in business and management studies.

This edition includes contributions from both local and international researchers, covering topics such as sustainable business practices, digital transformation, financial innovation, and organizational behavior. The publication reinforces the faculty’s commitment to research excellence and knowledge creation, providing valuable resources for academics, practitioners, and students.

The Faculty of Business Studies, University of Vavuniya, has signed an agreement with the Asian Foundation to develop entrepreneurs’ capacities through a comprehensive Business Development Fellowship Programme. This initiative aims to equip aspiring and existing entrepreneurs with the knowledge, skills, and resources needed to start, grow, and sustain successful businesses.

The programme includes training modules on business planning, financial management, marketing strategies, and innovation. Participants receive mentorship from experienced entrepreneurs and industry experts, along with access to networking opportunities and potential funding sources. The fellowship emphasizes practical learning, with participants working on real business projects and receiving personalized guidance throughout the programme duration.

The webinar was conducted by Department of Business Economics, Faculty of Business Studies on 28th November 2023. The session provided an in-depth analysis of Sri Lanka’s national budget for 2024, examining its implications for various economic sectors, business environment, and overall economic growth. Experts from academia, industry, and government participated in the discussion, offering diverse perspectives on the budget’s strengths, challenges, and potential impacts.

Key discussion points included fiscal policies, taxation changes, investment incentives, and social welfare measures outlined in the budget. The webinar also explored the budget’s alignment with national development goals and its potential effects on inflation, employment, and economic stability. Participants engaged in Q&A sessions, gaining valuable insights for business planning and decision-making.

The workshop on BBM external degree program curriculum development was held on 06th November 2023. Academic staff, industry representatives, and curriculum experts collaborated to review and enhance the Bachelor of Business Management external degree programme. The workshop focused on aligning the curriculum with current industry needs, emerging business trends, and international educational standards.

Participants examined course structures, learning outcomes, assessment methods, and teaching methodologies. Special attention was given to incorporating digital skills, sustainability concepts, and practical applications into the curriculum. The revised programme aims to provide flexible learning opportunities for working professionals and distance learners while maintaining academic rigor and relevance to contemporary business challenges.

The Faculty of Business Studies arranged field visits for students studying Entrepreneurship and Portfolio Management subjects. These visits provided students with firsthand experience of real-world business operations, entrepreneurial ventures, and investment management practices. Students visited various enterprises, including startups, established businesses, and financial institutions, gaining practical insights into business challenges and opportunities.

During the visits, students interacted with entrepreneurs, business owners, and industry professionals, learning about business strategies, risk management, innovation processes, and portfolio diversification. The field experiences complemented classroom learning, helping students connect theoretical concepts with practical applications. Students prepared visit reports and presentations, reflecting on their learning and observations.

The awarding ceremony was held on 07th September 2023 at the faculty premises to enhance students’ extracurricular activities. The event recognized outstanding achievements of student clubs in organizing academic, cultural, and social activities throughout the year. Awards were presented in various categories, including best organized event, most innovative initiative, highest membership engagement, and community service impact.

The ceremony celebrated the efforts of student leaders and club members who contributed to campus life and student development. Special recognition was given to clubs that demonstrated exceptional commitment to their respective fields, whether in accounting, marketing, human resources, project management, or entrepreneurship. The event also included cultural performances and networking opportunities, fostering camaraderie among students from different departments and academic years.

Inaugural Event for Micro Small Medium Enterprises (MSMEs) of the Faculty of Business Studies was held on 20th December 2022. The event marked the official launch of the MSMEs Facilitation Hub, established to support the growth and development of micro, small, and medium enterprises in the region. The inauguration ceremony featured keynote addresses, panel discussions, and networking sessions with entrepreneurs, industry experts, and academic professionals.

The hub aims to provide comprehensive support services including business advisory, capacity building, market linkages, and access to finance. It serves as a platform for knowledge exchange, innovation promotion, and collaborative initiatives between academia and the business community. The inaugural event also included success stories from local entrepreneurs and demonstrations of innovative business solutions developed through university-industry collaboration.

The Industry and Community Interaction Cell of the Faculty of Business Studies and the United Nations Development Programme (UNDP) signed an agreement to launch a Youth Leadership Program. This collaboration aims to develop leadership skills among young people, enhance their civic engagement, and prepare them for future leadership roles in various sectors. The program focuses on capacity building, mentorship, and practical experience in community development and social entrepreneurship.

The agreement outlines collaborative activities including leadership workshops, community projects, internship opportunities, and networking events. The program targets university students and young community leaders, providing them with tools and platforms to address social challenges and contribute to sustainable development. The partnership leverages UNDP’s expertise in youth development and the faculty’s academic resources to create meaningful impact in the region.

The Department of Project Management, Faculty of Business Studies signed Memoranda of Understanding with Vanni Rehabilitation Organization, FIRM, AMCOR, and AU Lanka. These agreements establish formal partnerships for collaborative projects, community development initiatives, and student engagement activities. The MoUs focus on areas such as sustainable development, social entrepreneurship, community empowerment, and capacity building.

Each partnership brings unique opportunities for students to work on real-world projects, conduct community-based research, and gain practical experience in project management and community development. The collaborations also provide platforms for knowledge exchange, resource sharing, and joint initiatives that address community needs while enhancing students’ learning experiences. Regular review mechanisms are established to monitor progress and ensure mutual benefits from the partnerships.

Strategic Planning and Review Workshop of the Faculty of Business Studies was held on 09th November 2022. The workshop focused on developing a comprehensive 5-year strategic plan (2023-2027) to guide the faculty’s growth and development. Participants included faculty members, administrative staff, student representatives, and external stakeholders who contributed diverse perspectives to the planning process.

The strategic planning exercise examined the faculty’s vision, mission, and core values, identifying strategic priorities across teaching, research, community engagement, and institutional development. Working groups developed detailed action plans with specific objectives, timelines, and performance indicators. The resulting strategic document serves as a roadmap for resource allocation, quality enhancement, and continuous improvement initiatives over the five-year period.

Vavuniya Journal of Business Management (VJBM) Volume 05-Issue-I (2022), a bi-annual academic journal was published. This edition features peer-reviewed research articles, theoretical papers, and case studies covering various aspects of business and management. The journal serves as an important platform for disseminating research findings and promoting scholarly discourse among academics, researchers, and practitioners.

The published papers address contemporary issues in business management, including digital transformation, sustainable business practices, organizational behavior, marketing innovation, and financial management. The journal maintains rigorous review standards and editorial processes to ensure academic quality and relevance. Publication in VJBM provides recognition for researchers and contributes to the advancement of knowledge in business and management disciplines.

In commemoration of late Dr. N. Balakrishnan, a memorial lecture was organized by the Department of Business Economics on 29th December 2021. The event honored Dr. Balakrishnan’s contributions to the university and his legacy in business education and community service. Family members, colleagues, students, and alumni participated in the memorial activities, sharing memories and reflections on his impact.

The memorial lecture featured presentations on topics aligned with Dr. Balakrishnan’s academic interests and professional contributions. Speakers highlighted his dedication to academic excellence, student development, and institutional growth. The event also included the unveiling of a commemorative plaque and the establishment of a memorial fund to support student scholarships and academic initiatives in his honor.

The Faculty of Business Studies conducted its strategic planning workshop on 28th December 2021 to revise its strategic goals and strategies. The workshop brought together faculty leadership, department heads, and key stakeholders to assess progress on existing strategic objectives and develop updated plans for future development. The review considered changing educational landscapes, emerging industry trends, and evolving student needs.

Working sessions focused on key strategic areas including academic program development, research enhancement, community engagement, infrastructure improvement, and internationalization. Participants used data analysis, benchmarking, and scenario planning to inform strategic decisions. The outcomes included revised strategic priorities, implementation timelines, and performance measurement frameworks to guide the faculty’s development over the coming years.

The Department of Finance and Accountancy organized a seminar on “Contemporary Issues in Finance” on 27th December 2021. The seminar addressed current challenges, trends, and developments in the financial sector, providing insights for students, academics, and practitioners. Expert speakers from academia, financial institutions, and regulatory bodies shared their perspectives on topics such as digital finance, sustainable investing, financial regulation, and economic recovery.

Discussion sessions explored implications of technological advancements, changing consumer behaviors, and global economic shifts for financial management practices. Participants engaged in interactive Q&A sessions, gaining practical knowledge applicable to their studies and professional careers. The seminar also provided networking opportunities and exposed participants to diverse viewpoints on financial industry evolution.

The workshop on Strategic Planning Review of the Faculty of Business Studies was held on 17th December 2020 at the faculty board room. The review workshop assessed progress on strategic initiatives implemented during the previous planning period and identified areas for adjustment or enhancement. Participants analyzed performance data, stakeholder feedback, and environmental changes affecting the faculty’s operations and strategic direction.

Working sessions focused on evaluating achievement of strategic objectives, identifying implementation challenges, and recognizing successful initiatives. The review informed adjustments to strategic priorities and action plans for the remaining planning period. Outcomes included updated implementation timelines, resource reallocation decisions, and revised performance indicators to better track progress and impact of strategic initiatives.

The Faculty Plantation and Beautification Committee conducted plantation activities from December 5th – 9th 2020. The tree plantation initiative aimed to enhance the campus environment, promote environmental sustainability, and create green spaces for students and staff. Activities included planting various tree species in designated areas around the faculty buildings and campus grounds.

Students, faculty members, and administrative staff participated in the plantation activities, learning about tree species, planting techniques, and environmental conservation. The event also included educational sessions on the importance of trees for ecosystem services, climate regulation, and campus aesthetics. Each planted tree was tagged with information about the species and planting date, with arrangements for ongoing care and maintenance.

The 3rd Research Conference on Business Studies (RCBS) — 2020 was held on 26th October 2020 in both physical and virtual modes. The hybrid conference format accommodated participants’ preferences and accessibility needs during the pandemic period. The conference theme focused on business resilience and adaptation in changing environments, reflecting contemporary challenges and opportunities.

The event featured keynote addresses by distinguished scholars, parallel paper presentation sessions, and interactive panel discussions. Research papers covered diverse business disciplines with emphasis on pandemic responses, digital transformation, supply chain resilience, and sustainable business practices. Proceedings were published electronically, providing open access to conference papers and expanding dissemination of research findings.