РОССИЙСКО-АРМЯНСКИЙ УНИВЕРСИТЕТ

About chair

Head of the department – PhD in Economics, Associate Professor
Hripsime Kojoyan

Department of Management and Business
The Department of Management and Business is an educational and research center focused on preparing a new generation of leaders — leaders of transformation, resilient in the face of uncertainty and capable not only of adapting to the future, but also of shaping it.

History of the Department
The Department of Management was established in 2003. In 2013, it merged with the Department of Tourism Industry to form the Department of Management, Business, and Tourism. Since 2021, after tourism became a separate department, it has been known as the Department of Management and Business. The Department’s mission is to train a new generation of managers who can think strategically, act flexibly, and shape the future.

Research Areas
The Department’s main research activities include:

Contemporary issues in management theory and practice
Innovation management and business thinking
Corporate governance and sustainable development
Current trends in strategic and corporate management
Organization theory and its modern challenges
Urban management
Development of public administration systems based on comprehensive assessments of political and economic processes
Management in the energy sector, including renewable energy sources
Modern approaches to project management, and more

The Department carries out fundamental, methodological, and applied research, which is an integral part of training specialists. Particular attention is given to engaging undergraduate and graduate students in research activities, encouraging active participation in the RAU Student Scientific Society, developing postgraduate programs, and training young researchers.

Partnerships and International Cooperation
The Department actively develops research and business collaborations, working with leading universities in Armenia and the Russian Federation. It participates in international scientific conferences, organizes academic seminars, and develops research project topics. A special focus is placed on involving students in research and methodological work, thereby fostering their scientific potential.

The Department also emphasizes close cooperation with companies, business structures, and industry associations to ensure students acquire practical management skills during their studies.

By combining theoretical knowledge with practical experience, the Department nurtures intellectual potential and develops students’ leadership qualities. Its programs are built on modern management approaches, the development of analytical and leadership competencies, and active collaboration with the business community.

Programs

Bachelor's degree:

«Management» (russian sector, armenian sector)

Master's degree:
Management

PhD Program:
5.2.6 Management

Hripsime Kojoyan

PhD in Economics, Associate Professor

[email protected]

Information

Brief information (biography)

Hripsime Kojoyan was born on September 11, 1981, in the Republic of Armenia.
In 2004, she graduated with honors from the Faculty of Economics of the Russian-Armenian University, majoring in Management.
In 2007, she was awarded the academic degree of Candidate of Economic Sciences (PhD equivalent).
In 2011, she received the academic title of Associate Professor in Economics.
Since 2004, she has pursued her academic and teaching career at the Russian-Armenian University, where she continues to serve as an Associate Professor at the Department of Management and Business. Her teaching portfolio includes courses on management, contemporary aspects of management, innovations, and investments. She also supervises undergraduate and master’s theses and projects. Her research focuses on corporate governance, investment attractiveness, current issues in management, innovations, and the development of the educational environment.
In addition to her academic work, Ripsime Kodjoyan has significant corporate experience. Alongside her teaching activities, since 2002 she has worked in major corporations, most notably from 2008 to 2024 at “Gazprom Armenia” CJSC. Her professional background includes positions such as Chief Specialist of the Planning and Economic Department, Deputy Head of the Finance Department, and, in recent years, Head of the Finance Department of “Gazprom Armenia.” In these roles, she was primarily responsible for planning and budgeting, corporate reporting, and managing financial operations.
In 2021–2022, she completed three specialized online courses at Harvard Business School: Management Essentials, Leadership Principles, and Strategy Execution. As a result, she was awarded a Certificate of Specialization in Leadership and Management, which significantly expanded her professional expertise.
Her academic work includes publications in international journals and collections on corporate governance, investment, and prospects for the development of education. She actively participates in scientific conferences and training programs, allowing her to remain up to date with modern trends in business and management.
Ripsime Kodjoyan is also a member of the International Management Consulting Association of Armenia (IMC Armenia) and the Project Management Institute (PMI).

CV

Scientific interests

Contemporary trends and innovations in education
Leadership and modern management
Innovation management and business thinking
Corporate governance and sustainable development
Investment management and financial strategies

List of publications

Current Issues in the Transition from Traditional University Education to Student-Centered Learning (Conference Abstracts) / L.K. Mzikyan / 18th International Annual Scientific Conference of the Russian-Armenian University (Collection of Articles), Yerevan, 2025.
Contemporary Challenges in the Transformation of Education (Conference Abstracts) / L.K. Mzikyan / International Scientific and Practical Conference Transformation of Management Theory and Practice in the 21st Century (Collection of Articles), Russian-Armenian University, Yerevan, 2025.
Specifics and Features of Teaching in Higher Education Institutions (Conference Abstracts) / L.K. Mzikyan / Annual Student Scientific Conference (Collection of Articles), Yerevan, April 25–28, 2022.
Current Issues in Managing Organizational Conflicts (Conference Abstracts) / L.K. Mzikyan / Fifteenth Annual Scientific Conference (Collection of Articles), Yerevan, 2021.
The Future of Education or the Education of the Future / E.A. Agababyan / International Scientific E-Journal Business Education in the Knowledge Economy, Irkutsk, 2019.
Fundamentals of Corporate Governance Development in Commercial Banks of the Republic of Armenia (Monograph) / A.M. Suvaryan, R.A. Saakyan, A.H. Manukyan / RAU Publishing House, Yerevan, 2015.
Corporate Governance in Commercial Banks of the Republic of Armenia and Principles for Developing a New Concept (Monograph) / A.M. Suvaryan, R.A. Saakyan, A.H. Manukyan / RAU Publishing House, Yerevan, 2014.
Corporate Governance: New Realities, New Philosophy (Article) / A.H. Manukyan / Economics, Organization and Management of Enterprises, Industries, and Complexes: Theory and Practice (Proceedings of the International Scientific Conference). Moscow, Russia, June 26–28, 2014.
Corporate Governance of Investments (Textbook). RAU Publishing House, 2010.