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"Enterprises are not created by God. Many economic features force people to start
an enterprise". Young MBAs should not limit themselves to jobs. Instead, they can
create benchmarks by setting up their own business units and try to become creators of wealth.
Entrepreneur denotes one who undertakes an endeavor to take risks and mobilizes the
necessary resources to start a business enterprise.
A traditional MBA program helps aspirants to hone their job skills to get immediate
placements. Management courses offered by various institutions mostly focus on academics
and classroom-oriented learning. Hence, there is
less scope for entrepreneurship. Most MBA programs assure lucrative employment for
young professionals. But a few institutions attempt
to mold management graduates as young entrepreneurs. We must confess that
management education is immensely helpful for
talent development and shaping students as
industry ready professionals. Management education imparts real world knowledge in the classroom
but entrepreneurship requires more than classroom learning. To start a new enterprise,
practical learning is more important than
theoretical knowledge. But most MBA colleges in India
focus on academics and employable skills and,
hence, students lack entrepreneurial skills. "An
ideal MBA program should aim to provide students
the experience of business environment".
Institutions offering career oriented training only. With numerous institutions
offering MBA programs, an MBA degree no longer guarantees a decent
job.
According to many business experts, academics based learning is the obvious reason for lack
of entrepreneurial skills in a large number of
Indian management graduates. Young MBAs across the country focus on academic scores and
campus placements. But entrepreneurship training prepares young MBAs as creators of
employment. Many young management graduates have
creative business thoughts and thrust of wealth
creation. Due to lack of encouragement from
institutions and parents, their ideas cannot be converted
into actions. Institutions should change their
vision and redesign course curriculum which give utmost importance to entrepreneurial
skills augmentation. "Financial institutions in
India should also come forward and extend
financial support in the form of venture capital to
young entrepreneurs". MBAs should come out
from institutes with entrepreneurial mindset,
rather than running after jobs. |
