MBA in Entrepreneurship and Family Business
Entrepreneurship is the process of designing, launching and running a new business
Through the development in business scenarios, Masters of Business Administration (MBA) has evolved too. MBA has changed over the differential business needs, from its birth in 20th century at the time of industrialization. During industrialization era the needs of accounting, book keeping and management increased, so colleges started to offer similar courses and degree in business management and from then it started to gain popularity. As the need of time changed, so the developments in how and what to manage in a business changed. Today the streams in MBA offered are much different than those offered some time ago, MBA in Entrepreneurship and startups have gained popularity in the past years in top B-schools in India and in other parts of the world. Top MBA colleges in Delhi-NCR/Bangalore/Pune has started to enroll diversification in their courses offered.
What is Entrepreneurship
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business; the people who create those businesses are called entrepreneurs. Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with if any of its risks to make a profit”, While definitions of entrepreneurship typically focus on launching and running of businesses, due to high risks involved in launching a startup businesses have to close due to lack of funding, bad decisions, an economic crisis, lack of market demand, or a combination of all. In a study it was found that the most prominent reason for startups being closed down in a short period from its initiation is due to mismanagement, Pursuing MBA in Entrepreneurship open up the opportunity for preventing that mishap in your pursuit towards success.
Why should one pursue MBA in Entrepreneurship
- Clarity in Dreams- See, people those who pursue this entrepreneurship, doesn’t only wants to be rich, but also they had some vision some goal, a dream that they want to follow, I think that is the first reason when one takes decision to, If you pursue MBA in entrepreneurship you will not only succeed in your field but also have much more clarity then others in your industry in managing and functioning day to activities in your business.
- Better decision making- It is said that “decision that you make decides what you ought to be”, correctly said, at least in the pursuit for a startup, but it is also said, knowledge is power, and combine deep knowledge curated from MBA in entrepreneurship, and your passion toward s your preneur, it is a recipe for success. The course helps you make better and calculated decisions in your field.
- More Possibilities- MBA in entrepreneurship opens up many possibilities for an individual, whether he wants to do job for some time then pursue his business or directly pursue the startup, The course opens chances for both the scenarios and is friendly equally with both of the conditions, as some big name corporate also are very likely to hire a MBA in entrepreneurship personnel.
- Learning- If you have a decent learning behavior, you’ll be amazed to there is so much to learn in every aspect of the business, MBA in entrepreneurship opens up every aspect of business which you need to take care before starting the business and during your venture, like finances, Technological aspects, goal setting, and other managerial areas, the course makes you aware of every of those aspect and gives you idea to how to deal them good.
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