In this day and age, a standard shift is commanding in the business industry. Some
of the skilled businessmen are aiming for things that are a little higher and
especially new. To create a fresh idea and establish it all
together, one needs to become an unmatched entrepreneur. The concept of
entrepreneurship dates back to the 1920s but interestingly, the word ‘entrepreneur’
is way older than the concept itself. It was in the 1760s that a French
dictionary mentioned the word ‘entreprendre’ which meant ‘offer’, but it
didn’t gain popularity until Jean-Baptiste Say minted the word ‘entrepreneur’
in the nineteenth century. As of now, the term, as well as the concept, has
widely spread across.
Merriam-Webster defines an entrepreneur as “a person who starts a business and
is willing to risk a loss to make money.” Similarly, the whole process
of doing so becomes entrepreneurship. To express it more simply, the whole
process of starting a new business from a mark is known as entrepreneurship.
Now, there are many features connected with this concept. While some assume
that entrepreneurship is natural, others believe that it can be earned.
Assuredly,
there is no doubt that those who run the family business, have more affinity
towards business but that doesn’t make them entrepreneurs. Those who build
their own new businesses with fresh ideas fit right for being entrepreneurs.
According to a report by the Entrepreneurship Development Institute (EDI) of India, only 11% of the total population is employed in entrepreneurial activities.
Adding further to the report, it says that only about 5% of those endure running a business for a longer period. The data states that India is lagging
behind in the race of giving more entrepreneurs whereas Brazil leads the race
with 17%. The underlying reason for the above-mentioned scenario is unawareness
and wrong academic choices.
After
the year 1991, countless business schools came into existence. Now, there are
hundreds and thousands of Business schools in India, but only a few can
meet up to the standards. Definitely, you deserve the best and you have to
search for it. Business schools have managed to add courses related to
entrepreneurship. With the escalating number of Business schools, more and more
possibility of a trade is being provided to the students. MBA is one such stream
that has many benefits. Today, Business schools include subjects and
courses in the MBA syllabus which have proved to be of superior importance while
shaping the well-known entrepreneurs of tomorrow. Some of the first-rated businessmen
are the product of the finest business schools. So, there is a large
contribution of business schools in modeling business leaders and if you
aim to become one, you can rely upon them.
From
academic documents to rankings and awards, one can classify colleges in many
ways. But there are some focus facilities that business schools with excellence
provide and these facilities are mentioned hereafter:
Providing leadership skills
An entrepreneur is just like a leader. Consequently, the
business schools make sure that they pinpoint those areas with which the
students can set up their leadership skills. These skills can’t only
be polished by theoretical aspects of the field; to lead the crowd,
one must have his/her hands-on experience as well. So, impress the quality of leadership
the institutes make group competitions where the groups are leaded by those
who desire to become entrepreneurs. This way, the students not only recognize
their potential but get an idea of how much competition is common in the
field.
Familiarizing with the industry aims
As
students are still in the learning stage, it becomes the responsibility of the
management institutes to make them well-acquainted with the current trends of the
industry. Also, if there are some sectors that can offer great success but
have not been drawn into yet, the institute can help the students to conduct
worthwhile research and experiments on the chances of establishing a business in
the same domain.
Sustaining innovative ideas
The modern world is prepared with demands for innovative ideas. The ideas and
innovations today are so dynamic that within a short span of time they tend to get
former. So, by unlocking fiction and fresh ideas, the students not only start
an eminent business but also register for a successful future. It is the role
of business schools, firstly, to provide the platform which can promote these
ideas. Secondly, it is also part of B schools' roles to evaluate the ideas and
guide the students on how to bring those ideas to life. Some of the prestigious
institutes conduct activities through the evolution centers where they fund extraordinary ideas and DBGI Dehradun is one of them.
Entrepreneurial activities
The
business schools help the students by delivering light on the different
functions of the entrepreneurs. The whole activities which are to be carried
out by them in the future are explained already by the institutes. These
activities include:
Raising Money
In
order to create something from passion, a lot of resources are required. These
resources include manpower, raw material, capital, and machinery. Arranging
these all, obviously, requires money. Now, different sources can finance the business but only if you fling them right. Here, the institute
is responsible to explain the whole process with which the students would be
able to raise money from different sources such as Angel Investors, Business
Incubators, Venture Capital, etc.
Problem-solving
Life
and business both rise in the aspect of problem-solving capabilities.
Similarly, a new business would require this feature too. With the entrepreneur being
the head of all, he is only responsible for finding satisfactory solutions. If an
entrepreneur has in-depth knowledge of all the activities, he/she can easily cope with the problems. The responsibility of preparing confident and smart
business leaders also lies with Business schools.
Decision making
Assuredly,
the decisions have to be taken by the leader. Different tasks, different
decisions, and different choices. Now, decisions include financial, strategic,
operational, and many more. Here, the role of the institute is to give one an
overview of how you can make the right decisions with full
confidence.
Training
After
fully imputing out the details of what an entrepreneur does, the colleges are
responsible for giving thorough training to the students. Placement cells in
different institutes organize different training programs to give the
typical features of the trade. Dev Bhoomi Group of Institutions is one of the best management colleges in Dehradun, Uttarakhand which has helped the students with various training
programs. Under the head of a 360-degree training program, it provides support to
many students who want to top the tables in any sphere they go to.
Moreover, the institute has the Innovation & Entrepreneurship
Development Center (IEDC) which provides all the support for being a
successful entrepreneur.
From the above-mentioned roles of the Business schools, it gets very clear that to become a class-apart leader, one needs to get registered in the best MBA college. With the rise in globalization, new and challenging jobs are coming to the lead. Although these jobs demand a lot of effort, their return is very high. So, if you aspire to build in the business industry by becoming an unmatched entrepreneur, you are just a decision away. Choose the right MBA college and write your own success story.
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