Entrepreneurship

Entrepreneurial management brings innovative techniques into the business world while maintaining a stronger management framework. This degree is beneficial for those who aspire to start their own business as startups or products they wish to develop but lack knowledge of how to effectively manage a self-started business. This is because managing an already-established company and managing a self-started business is different in terms of methods and principles. With a degree in entrepreneurship, students will be able to run and expand a business. This is done without compromising the creativity and enthusiasm of running a startup.

Table of Content

  • + more items Show less

The degree in Entrepreneurship and management helps to equip the students with the knowledge and skills required to operate a new company effectively. This can further be helpful for team leaders and middle-level managers to run their teams. Innovative ideas practices and products can also be developed by professionals who are working in established companies. With the help of this degree, professionals can integrate the facets of entrepreneurship management with leadership skills. Students with the help of this degree learn how to manage the team effectively, use resources and create a positive environment needed to grow the business. 

BBA in Entrepreneurship equips students with skills to create a successful business. Entrepreneurship Development and Management education with a globally focused perspective is incorporated into the students with the help of this degree. Students with the help of this course acquire the skills and confidence necessary to launch and scale their successful businesses with a strong foundation in business management. Students learn about opportunity recognition, business model innovation, startup financing and venture growth strategies. A BBA in Management and Entrepreneurship helps students to identify business opportunities, develop unique and new solutions and thus become effective entrepreneurs. This is why they can help contribute to the vibrant startup ecosystem in the country.

An MBA in Entrepreneurship is a two-year postgraduate program that prepares students for success as independent business owners or inventors. It is the best option for those who aspire to start a viable company.

Students can develop entrepreneurial skills by being enrolled in an entrepreneurship-focused business program from any recognized university, therefore a degree in entrepreneurship development and business management is in high demand nowadays. This program will build up a mindset for the students, including innovative thinking, problem-solving and the ability to handle obstacles. The business management entrepreneurship program curriculum provides a graduate with the tools, perspectives, and experience to be an independent contractor, corporate executive, or family business owner. Students are taught a range of skills through seminars, labs, projects, research, surveys, and other activities.

Online programs or part-time programs are also available in some universities to help students learn at their own speed. Students can work while continuing with their studies.

A minimum cumulative score of 50% or higher or an equivalent CGPA from an accredited university is required for admission to this program. Students must pass MBA entrance exams like the CAT SNAP XAT and GMAT to get admission. Most of the universities in India will accept these entrance exam scores to qualify students for admission. However, some colleges conduct their entrance exams to qualify students. After submitting entrance exam scores, students must appear for group discussion and personal interview rounds to qualify for admission.  

Amazon, Accenture, Deloitte, HSBC, Genpact, McKinsey, BCG, Bain, Johnson & Johnson, Nike, Ernst & Young, Reliance Industries, Adani Group, Tesla, LinkedIn and many other deemed firms are the top employers for MBA in Entrepreneurship Management positions. They offer an average income of ₹ 8.64 Lakhs per annum to ₹ 35.92 Lakhs per annum for different job profiles, such as Business Development Manager, Marketing Manager, Business Analyst, Market Research Analyst, Business Consultant, Venture Capitalist, New Venture Developer, Fundraiser and Management Consultant.

What is Entrepreneurship Management

For students and professionals who aspire to launch a profitable business firm, Entrepreneurship management is the ideal specialization. The program is designed to have courses like asset management and venture capital and the basic management curriculum. Students who graduate with a degree in Entrepreneurship have the core skills and knowledge important to establish a startup or manage an already established successful business. The program provides students with theoretical knowledge as well as practical experience through real-life projects. This program will also encourage critical thinking, strategic planning and creativity among the students. Through this course, students will gain knowledge and skills in areas such as leadership, marketing, finance and business development all of which apply to the specific challenges of launching and growing a company. Graduates in this course are well-prepared for the challenges in the business world and can lead major projects or create ventures and networking opportunities. 

The major outcomes of this course are:

  • This course will help students develop the confidence and skills to start a new venture or to help students manage already established business ventures.

  • Aid in developing the leadership, management and critical thinking abilities required to operate a company.

  • Equips the learner with the ability to launch, manage, and grow successful businesses.

  • It is to provide advice or special knowledge to enhance confidence when becoming an entrepreneur and succeeding.

Students with a degree in Entrepreneurship are better prepared to understand market dynamics. Graduates with this degree, from any deemed university, have a brighter future in terms of career advancement and can contribute to better outcomes in society. Entrepreneurs, especially those with the mindset of launching a startup, not only help generate jobs but also have a positive impact on the country's economy. Professionals learn to take risks in harsh situations and find ways to raise money to gain financial benefits. 

Subjects 

The Entrepreneurship program provides students with skills such as analytical thinking and ethical and professional decision-making skills so that graduates can become self-employed leaders and start their ventures. Concentration areas such as entrepreneurship offered by such degree programs develop soft skills such as teamwork, leadership, networking and decision-making. Such talents raise the confidence of aspiring business owners and increase their success rate. Students get theoretical expertise as well as practical experience through industry visits, real-time projects, seminars and summer internships. A degree in Entrepreneurship is a two or three-year program course that would prepare students to become skilled successful independent entrepreneurs or innovators. A degree in Entrepreneurship is the perfect specialization for students who are looking to start a successful business venture.

Subjects 

Entrepreneurship Process & Behavior

Emerging Business Sectors & Technologies

Innovation & Creativity in Business

Strategies for Small Business Management

Corporate Culture & Intrapreneurship

Enterprise Planning, Appraisal & Financing

Building Entrepreneurial Culture & Team

International Business / EXIM Management

E-business

Digital Marketing

Principles of Marketing Management

Enterprise Resource Planning - I

Technology Innovation and Sustainable Enterprise

Managerial Economics 

Entrepreneurship Development 

Information Technology and E-Commerce

Skill Development

Individuals after completing a degree in Entrepreneurship get equipped with a diverse set of skills and brief knowledge which is required for launching and managing a successful business. First of all a degree in Entrepreneurship provides the skills to enhance problem-solving capabilities. Also it enables graduates to identify the market gaps and address the customer needs to create innovative solutions. The skills acquired through entrepreneurial education will help professionals strengthen leadership and time management skills which will further help the professionals lead the team manage the resources and communicate effectively. Financial literacy is another key outcome, providing the ability to make informed decisions regarding budgeting fundraising and financial planning. Additionally, students learn to manage and handle the challenges of risk management. Developed a balanced approach to risk-taking and decision-making. Students can think in a long-term way through strategic thinking and business planning skills provided by the course. Through real-world business scenarios, adaptability and resilience are encouraged in the students. Finally, the entrepreneurial mindset cultivated through the degree encourages graduates to embrace failure as a learning experience and continuously innovate in the face of challenges.

Career Prospects

A wide range of career working opportunities are opened up in different sectors for professionals after graduating with a degree in entrepreneurship management. This degree helps individuals pursue different career paths. A diverse and exciting array of career opportunities are opened up with the help of this degree. Entrepreneurs are equipped with skills to come up with innovative ideas for launching and managing a new business venture. People qualified with this degree can take on managerial and leadership roles in established companies. People with this degree can help in various managerial roles in companies like overseeing operations, making strategies for the proper functioning of the company or bringing up innovative ideas to launch new products or services. 

Graduates can also work as business consultants. Business consultants help other entrepreneurs to work on their business goals and streamline their operations to achieve the desired growth and goal.  Fund-promising startups or investment banking companies also provide graduates with working opportunities as graduates use their expertise to access job roles. Others may work in corporate innovation teams where they can help other working professionals bring fresh and unique ideas to already established organizations and enhance the growth of the companies. Along with the rise in the demand for skilled professionals locally, there has been a significant rise in the demand globally. Hence, graduates can find opportunities in international markets or even engage in social enterprises. This helps the graduates to address the need for societal changes for the betterment of society. 

Future Scope 

There is immense scope for a bright and promising future for graduates with a degree in Entrepreneurship Management as the business landscape continues to evolve with new innovative technologies. Nowadays with the modern digital transformation and as the world embraces the new technology and digital transformation entrepreneurs with the right skills are needed to drive change across industries such as tech, healthcare, sustainability and e-commerce. The rise of remote work opportunities, artificial intelligence and automation also opens new avenues for entrepreneurial ventures that cater to shifting consumer needs and global challenges. 

Furthermore as there is a prime focus on socially responsible and sustainable business operations graduates can head initiatives that can meet profit with purpose. As startups continue to prosper and grow conventional business models continue to grow. The challenges faced by such business models demand that the need for qualified entrepreneurs. These entrepreneurs are needed to head these businesses and the demand will continue to grow. Additionally, with access to international markets and sources of finance, graduates can take businesses globally and ride on emerging technologies to develop innovative solutions with expansive implications




FAQs

This degree helps students gain important skills and knowledge needed for launching startups. Students with this degree can also manage already established businesses. Graduates are also free for job options as business consultants, sales managers, product managers and marketing analysts.

Some of the career prospects available to the students after graduating with this degree are job profiles like sales managers business consultants product managers starting their business ventures and many more.

The salary range of ₹ 8.64 Lakhs per annum to ₹ 35.92 Lakhs per annum is the range for an MBA in Entrepreneurship Management.

The MBA in Entrepreneurship program is a two-year MBA program specializing in the field of entrepreneurship. Students will learn about the courses with content on how to manage a small business. This course will also have the basic core curriculum of the MBA. This degree covers workable business strategy creation to managing business operations. Students get to handle projects, case studies and conventional lectures.

The prime management activities like planning, organizing, staffing, directing and controlling are encompassed in the students through this course. The managerial function of management and entrepreneurship is to enable the students to identify opportunities, allocate resources and manage teams of professionals to ensure the achievement of the organizational goals. The managerial function of an entrepreneur includes all the management functions while also taking on the risk of starting and managing a new venture.

The process of creating a detailed roadmap for the company, outlining its goals and financial projections to achieve the goals of the company is called business planning. Entrepreneurship management includes the active process of identifying, developing and executing a new business plan. Entrepreneurship management includes all aspects from idea generation to full implementation. Business planning is very important for entrepreneurship management.