Role of B- Schools In Entrepreneurship Development

Rahul AgarwalZara WaseemMohit ChawdaUnnati Rohiwal

‘Entrepreneurship is the professional application of knowledge, skills and competencies or of monetizing a new idea, by an individual or a set of people by launching an enterprise

How Entrepreneurship contribute to economy

How entrepreneurship can help the country:

Narendra Murkumbi

Shree Renuka Sugars is India's largest sugar refiner.

Number of Employees: 1500+ Annual revenue : 1000 Cr Foundation for Schools for

contract labours

The B-Schools are the most appropriate nursery of shaping and developing management graduates for entrepreneurship who possess integrity and ethical standards.

The economic Liberalization In early 90’s

What is b-school A business school is a university-

level institution that confers degrees in business administration or management.

Indian Institute of Management Ahmedabad

Established in 1961, the institute offers Post Graduate Diploma Programme in Management and Agri-Business Management, a Doctoral (Fellowship) Programme and a number of Executive Training Programmes.

Academics : Post Graduate Program in Management Post-Graduate Programme in

Agribusiness Management

Indian Institute of Management Calcutta

Established in 1961,IIM Calcutta is a fully autonomous institution and offers several postgraduate and doctoral programmes in management, as well as a bouquet of executive education programmes. In addition to its main academic programmes, IIM-C is also engaged in research, consultancy, seminars, academic conferences and research publications.

IIM Calcutta is the only Indian business school that is a member of the Global Alliance in Management Education (CEMS).IIM-C is especially renowned for its finance-related courses, and is widely considered to be one of the best business schools in the world for finance.[

XLRI- Xavier School of Management

XLRI is India's leading private, business management school based in Jamshedpur, Jharkhand, India. Established in 1949 as the Xavier Labor Relations Institute, XLRI is acknowledged as India's oldest business management school.

Faculty of Management Studies

Faculty of Management Studies (Commonly known as FMS Delhi ) established in 1954[1] under the aegis of the University of Delhi offers management education to the professional managers as part-time and full-time MBA programmes.

The first set of professors were trained at the Stanford Graduate School of Business and the institute was started at the Delhi School of Economics premises .

Courses › MBA Full Time› MBA Executive & MBA Executive (Health Care

Administration) Two Year Evening Programmes

› Full Time Doctoral Program PhD› Management Development Programme

Indian Institute of Management, Kozhikode

The Institute, founded in 1996 in collaboration with the State Government of Kerala, was the 5th IIM to be established.

The Institute conducts a full range of academic activities in the field of management education covering research, teaching, and training, consulting and intellectual infrastructure development. The Institute emphasises development of analytical skills and a focus on global and cross-cultural issues with a balance between business demands and social concerns.

Academic programmes › International Exchange› Research› Library and Information Center› Indian Business Museum

Importance of B-Schools

Business schools can aid students in the process of understanding and appreciating the contexts in which they will operate.

Business schools often help to refine and enhance an individual’s understanding of his or her own leadership potential.

They have the potential to develop not only winning personal qualities but also provide an opportunity to create employment for self and for others.

Business schools alone certainly cannot prevent an economic crisis, but they are uniquely positioned to help the leaders of tomorrow prepare to manage risk and adhere to ethical business practices, both of which are essential safeguarding the global economy.

 Current & Future scenario:

Today, India is the third largest higher education system in the world (after China and the USA) in terms of enrolment which in 2009-10 was around 13.64 million. However, in terms of the number of institutions, India is the largest higher education system in the world with 26,455 institutions.

The key factors accelerating the demand for higher education in India is that a majority of India’s population lies between the ages of 15-59 years (medium age-56.9%), resulting in a low dependency ratio and a substantial working population relative to other countries .

There are around 2,00,000 mgmt faculty who teach 4 to 5 million students every year

Taxi for Sure

Radhakrishna and Raghunandan G, both IIM-Ahmedabad graduates, launched Taxiforsure in 2011 as an online platform through which consumers can rent taxis. The company has partnered with around 25 cab operators

Entreprenures from B-School

The two cofounders expect their company to earn revenue of Rs 100 crore by fiscal 2015.

 The two cofounders expect their company to earn revenue of Rs 100 crore by fiscal 2015.

Phanindra Sama was 25 when he founded the pioneering venture together with his BITS Pilani batchmates Charan Padmaraju. In June 2013, they sold redBus to the Ibibo Group for an estimated Rs 600-700 crore.

RedBus now sells over a million tickets a month, and the gross value of transactions on the site last year was about Rs 600 crore

It has taken Sachin Bansal, 32, a mere six years to build Flipkart, the country's best-known online retail brand. The IIT-Delhi alumnus started off with college friend Binny Bansal in a small flat in southeast Bangalore in 2007 with Rs 4 lakh. And today expects to post sales of $1 billion, or over Rs 6,200 crore, by 2015.

Flipkart's cash-on-delivery model has been copied by almost every other ecommerce company in the country.

It has set up a logistics arm that has ensured quick deliveries to customers.

Till 2011, Ayush Varshney and co-founder Sahil Baghla, 23, were usual students at IIT Kanpur, but then a thwarted wish to print a poster got them thinking about a potential business idea. So in August the same year, they invested Rs 2 lakh to start Bluegape from their hostel rooms.

  Their venture began life as a personalised poster company

with a clientele limited to their campus. In the process, they pocketed 20% of the sale price as their profit. Convinced by their initial success, the duo decided to expand the website to a national level in December 2011 by taking orders online.

  The company soon started making coffee mugs, cushion

covers, laptop skins and Tshirts. They also supplied merchandise to various retailers across the country

At 25, Wharton graduate Kunal Bahl quit his cushy Microsoft job based in Seattle and even convinced his IIT Delhi alumni Rohit Bansal to take a leap of faith in 2007.

  They originally launched Snapdeal.com as a daily online

deals site.

The company boasts of 20 million members, 500+ product categories and 20000+ sellers. It is backed by leading global investors such as eBay Inc, Intel Capital,

CONCLUSION:

B-Schools have a significant role to play in the growth of India as a nation because they are the breeding grounds for future entrepreneurs.

They have a definite role in enhancing entrepreneurship by enlarging the pool of entrepreneurs in society.

Therefore, the Indian government should take appropriate measures to promote and develop entrepreneurial education in India

Thank You