際際滷

際際滷Share a Scribd company logo

Management education in india and entrepreneurship development

K
kgnmatin

The document discusses entrepreneurship education in India and the role of MBAs. It defines entrepreneurship and outlines the key skills an MBA provides, including leadership, business fundamentals, networking and a culture of risk-taking. However, it notes some challenges in India like a lack of expert faculty and student interest. Overall, while entrepreneurship can't be taught, an MBA can help nurture entrepreneurial skills and raise one's abilities if the program is applied correctly.

1 of 15
Management Education in India and Entrepreneurship Development M ATIN R AJE
Outline Entrepreneurship defined The MBA environment in India Critical Areas and Problems Lessons Learned
Entrepreneurship Defined Entrepreneurship is the practice of starting new organizations , particularly new businesses generally in response to identified opportunities Willingness to take the risks involved in starting and managing a business The entrepreneur recognizes and acts upon market opportunities
Successful Entrepreneurs Driving force of an enterprise Enthusiastic vision , promoted with passion Recognize path to vision is flexible, fluid and will continually evolve Prudent risk takers Persuade and inspire others to buy into the vision Usually positive thinkers and strong decision makers See the big picture and connect dots in ways that others cant/dont Open to feedback no such thing as bad feedback Thrive on opportunities and threats
The entrepreneurial MBA environment in India Opens your mind - broad, strategic, out of the box thinking Rigor - question everything, accept nothing, probe deeply Global mindset and connections Importance of networking Teamwork Leadership Step outside your comfort zone - continuous change Dealing with pressure Surrounded by highly driven, ambitious people
What to watch out for Analysis paralysis Perfect or perfect enough? Over emphasis on branding and prestige Herd mentality Realistic or unrealistic expectations? Are you doing an MBA for the right reasons Applying just enough or too much structure and rigor? Can entrepreneurship be taught ?
The MBA Advantage Leadership Development and Organizations Accounting Managerial & Financial Finance & Capital Markets Operations Microeconomics Decision Models Statistics Marketing Strategy International Economies & Macroeconomics
Example: Finance and Accounting Basics extremely important on running a company Income statement, balance sheet, cash-flow How different types of financing can be used to your strategic advantage Debt / equity ratios etc. High leverage high risk / Low leverage low risk Valuations!
The MBA cohort experience Principal benefit is your peer group Encourages discussion and issues in entrepreneurship Culture of risk-taking Someone who you can look to for advice (perhaps for the rest of your career / life) Top schools have excellent faculty to act as mentors Several top schools want to encourage entrepreneurship have venture funds of their own
Entrepreneurship education in India Entrepreneurship training centres Entrepreneurship education in management and technical institutions Pedagogical Choices Case Studies Business Plans Mentoring Entrepreneur lectures Projects Conceptual Lectures Incubator Cells, Student Clubs and Promotional Activities
Critical Factors Faculty Availability Expertise and need for capacity building Risk taking and Forward thinking capability of students Conducive Environment Financial, Political, Economical and Social
Problems faced Absence of faculty awareness, opportunities, and interest Lack of skills and knowledge in interested faculty Need for an effort to create interest in faculty and to develop the skills and knowledge needed to teach entrepreneurship
Lessons Learned Can entrepreneurship be taught? Successful entrepreneurs are driven, passionate and committed to begin with however, the MBA can help them raise their game even higher, if applied correctly MBA environments can nurture risk taking (It is the last time you can afford to take a risk and fail safely) Strongest contributions of Management Education Core business skills Leadership Teamwork Ability to connect the dots (go where the puck is going to be) Networks
Lessons Learned Major problems faced in India are Faculty availability and their expertise level Genuine interest on the part of Students Environmental factors
THANKS Real question to ask is not Is an MBA needed to become an entrepreneur ? (No), but can the MBA help you become a better entrepreneur ? (Yes, absolutely)

More Related Content

Management education in india and entrepreneurship development

  • 1. Management Education in India and Entrepreneurship Development M ATIN R AJE
  • 2. Outline Entrepreneurship defined The MBA environment in India Critical Areas and Problems Lessons Learned
  • 3. Entrepreneurship Defined Entrepreneurship is the practice of starting new organizations , particularly new businesses generally in response to identified opportunities Willingness to take the risks involved in starting and managing a business The entrepreneur recognizes and acts upon market opportunities
  • 4. Successful Entrepreneurs Driving force of an enterprise Enthusiastic vision , promoted with passion Recognize path to vision is flexible, fluid and will continually evolve Prudent risk takers Persuade and inspire others to buy into the vision Usually positive thinkers and strong decision makers See the big picture and connect dots in ways that others cant/dont Open to feedback no such thing as bad feedback Thrive on opportunities and threats
  • 5. The entrepreneurial MBA environment in India Opens your mind - broad, strategic, out of the box thinking Rigor - question everything, accept nothing, probe deeply Global mindset and connections Importance of networking Teamwork Leadership Step outside your comfort zone - continuous change Dealing with pressure Surrounded by highly driven, ambitious people
  • 6. What to watch out for Analysis paralysis Perfect or perfect enough? Over emphasis on branding and prestige Herd mentality Realistic or unrealistic expectations? Are you doing an MBA for the right reasons Applying just enough or too much structure and rigor? Can entrepreneurship be taught ?
  • 7. The MBA Advantage Leadership Development and Organizations Accounting Managerial & Financial Finance & Capital Markets Operations Microeconomics Decision Models Statistics Marketing Strategy International Economies & Macroeconomics
  • 8. Example: Finance and Accounting Basics extremely important on running a company Income statement, balance sheet, cash-flow How different types of financing can be used to your strategic advantage Debt / equity ratios etc. High leverage high risk / Low leverage low risk Valuations!
  • 9. The MBA cohort experience Principal benefit is your peer group Encourages discussion and issues in entrepreneurship Culture of risk-taking Someone who you can look to for advice (perhaps for the rest of your career / life) Top schools have excellent faculty to act as mentors Several top schools want to encourage entrepreneurship have venture funds of their own
  • 10. Entrepreneurship education in India Entrepreneurship training centres Entrepreneurship education in management and technical institutions Pedagogical Choices Case Studies Business Plans Mentoring Entrepreneur lectures Projects Conceptual Lectures Incubator Cells, Student Clubs and Promotional Activities
  • 11. Critical Factors Faculty Availability Expertise and need for capacity building Risk taking and Forward thinking capability of students Conducive Environment Financial, Political, Economical and Social
  • 12. Problems faced Absence of faculty awareness, opportunities, and interest Lack of skills and knowledge in interested faculty Need for an effort to create interest in faculty and to develop the skills and knowledge needed to teach entrepreneurship
  • 13. Lessons Learned Can entrepreneurship be taught? Successful entrepreneurs are driven, passionate and committed to begin with however, the MBA can help them raise their game even higher, if applied correctly MBA environments can nurture risk taking (It is the last time you can afford to take a risk and fail safely) Strongest contributions of Management Education Core business skills Leadership Teamwork Ability to connect the dots (go where the puck is going to be) Networks
  • 14. Lessons Learned Major problems faced in India are Faculty availability and their expertise level Genuine interest on the part of Students Environmental factors
  • 15. THANKS Real question to ask is not Is an MBA needed to become an entrepreneur ? (No), but can the MBA help you become a better entrepreneur ? (Yes, absolutely)