How many students in India are witnessing Entrepreneurship revolution. Many companies are being funded. Many investors are fulfilling the million dollar dreams. How are these stories inspiring more and more students to take the MBA Courses for entrepreneurship? Find out!
India is definitely witnessing a new wave and people are getting creative with business ideas, and are more risk seeking as compared with previous generations. A stable job in a multinational company is not the biggest thing in the country anymore. The line between thinking about an idea and jumping to executing that is not that wide anymore. Although I have seen this primarily in people who are in 20 as they have statistically more risk, appetite compared with people in the later stages of life.
What we are witnessing is a great example of expedited capitalism. A lot of Money is pumped into the economy by these private equity firms. Many of these fund managers are sitting on excess capital with not so great returns across the world. That is how witnessing splurge of valuations are and we say newer models such as in E-commerce, Tech Products, Food and beverages, and many more. While not a lot of these companies are making money or have a strong cash flow from operations, these have created a huge appetite in the working professionals. The early adopters started to replicate these models, and terms such as Funding, Valuation, became the buzzwords. Society is now more open to entrepreneurs than it was 10 years ago.
Most of these entrepreneurs are experienced professionals who have worked and understood the problems in the industry. They have developed IT systems, supply chains, have sold tech products, and are keen on solving a problem that exists in the industry. Entrepreneurship as a revolution is not just about being your own boss. It is about creating an ecosystem in which people can identify a problem, build a team, raise capital, and execute ideas. Many applicants are turning towards the B-schools to work on the missing pieces of skill sets before actively venturing into their start up. The goal is to gather an understanding of "How to get things done?", or "where are you in the economic cycle?", or "What will work and what will not work?". MBA majors in entrepreneurship make the students very conversational in various functions such as operations, finance and valuation, and marketing. This helps entrepreneurs when they go out for raising capital, or when they lead large teams, and launch products or services in a competitive market landscape.
The risk appetite of the country has gone up significantly, and people have become more enterprising in the last 10 years. While an MBA program may not be able to conceive the spirit of entrepreneurship, it can certainly facilitate the process, and make the executor more aware of the path and the decisions.
Source - htcampus.com
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