MBA Specialization in Entrepreneurship is meant for those candidates who are entrepreneurs at heart. It deals with necessary concepts and tools required by students for shaping private careers in entrepreneurship or even investing in entrepreneurial ventures. Entrepreneurially-minded students are taken through the entire path with pivotal understanding of how it is to work in small businesses, Social Entrepreneurship, Private Equity or even Venture Capital.
Along with these factors, an MBA Specialization in Entrepreneurship also provides familiarity with various components of business, be it Marketing, Sales, Finance or simple day-to-day administration needs. In the early days of business, every entrepreneur needs to brace up these skills to have a solid ground for growth and value addition.
Skills Needed to Excel in Entrepreneurship
Since the field of entrepreneurship is very dynamic and comes with its own set of challenges, it is important to nurture the following skills in time.
1. The passion to successfully think of an idea that can thrive into a profitable business
2. Learning the right blend of academic concepts and real life situations of any business venture
3. Multi-tasking and growth oriented outlook towards risky yet rewarding endeavors
4. Managing technology
5. Understanding the elements required to finance an emerging enterprise
6. Adapting with latest trends in international entrepreneurship
7. Strategically managing innovation and technology
8. Integrating business analysis with venture industry
Curriculum for MBA Specialization in Entrepreneurship
The course curriculum is designed in such a way that it is a blend of international and local entrepreneurship development initiatives. Dealing with the various facets related to entrepreneurship, the core course curriculum reflects the adaptability to changing times and perspectives. The entrepreneurial curriculum blends theory and practice judiciously for growth oriented start-ups. Basic modules include:
1. Financial Analysis and Reporting: It covers understanding the audits, the accounting and the financial divisions of any entrepreneurial firm.
2. Organizational Behavior: Bringing the best of psychoanalytic concepts while dealing with understanding consumers and their changing behavioral patterns.
3. Corporate Responsibility: It includes corporate governance, business ethics in social situations, information management systems, basics of legal environment and regulatory management controls.
4. Technology Management in Business: It deals with understanding decision support systems as well as learning how information systems work in organizations.
5. Decision Support Systems: The course enables the students to understand the IT related processes involved in business decision making, along with nurturing them to design their own systems that can support business-decision making.
6. Corporate Governance: It teaches the student how to deal with and understand the ecosystem of top management brands, investors and board of directors. It helps in understanding this complex relationship that exists in these three different genres.
7. Venture Capital Governance: It teaches about venture capital businesses and management issues that come across while handling a start-up company. It describes the typical fund structure of ventures and how to get funding for it. It also deals with informing students about early age equity, intellectual property and initial capitalization.
8. Private Equity in Growing Markets: The course offers the practical understanding of the issues in private equity, defining them and dealing with them in different ecosystems. Analytically rigorous and adaptive, the course would allow students to learn from the practitioners, formulate regulations and policies that have direct impact on private equity.
Potential Career Options after Graduating with Specialization in Entrepreneurship
After completing the MBA Specialization in Entrepreneurship, students have a good hold on theory, concepts and real-life situations related with business start-ups, entrepreneurial finance, management of privately held corporations or family businesses, social entrepreneurship, new venture financing, marketing and management of growing companies.
Students have firsthand experience in the following facets:
1. Lessons from Social and Corporate entrepreneurs
2. Exploration of the various kinds of alternate business models
3. Project based learning of the concept of Entrepreneurship Leadership Development.
The potential career paths include being Loss Prevention Managers, Security Managers, Investment Fund Managers, Regulatory Affairs Manager, Chief Executives and of course Chief Sustainability Officers of self set up or family owned businesses. The primary aim of this MBA Specialization in Entrepreneurship is to deliver a framework of relevant and significant core courses that help the student to innovate, think and deliver. The course clearly comes in very handy for students looking at taking the entrepreneurial leap, a growing phenomenon in today’s economy.