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MBA Entrepreneurs Are Changing The World: One step at a time.

MBA entrepreneurship share a deep relationship with the course focusing on the methods to boost the fate of the economy in a positive way. The best businesses process is to overcome the distress that haunts the startups as they try to make more money come in. Thus, there is a positive trend in the MBAs shunning traditional job offers in favor of start-up ventures with focus on niche markets. A few of the divergent thinkers focus on improvement in the society with their brilliant social entrepreneurship ideas. The MBA is often blamed for not being impactful enough in promoting businesses and their success. Yet numerous occasions of successful ventures have been attributed to the course. The MBA education does not only add value to the organization success but also helps in efficient resource utilisation. The success story from India and abroad about the course in bringing the critical factors attributed to the cause of advancement of human society is numerous. Read on: Success stories of young guns:

  • Social entrepreneurship venture: K12 Techno Services Pvt. Ltd has over 150,000 students. With Education from the top notch institutions like: Ohio State University and Emlyon. The achievements of the young man is in training the next generation and help overcome the problems common with the education sector.
  • A man who dons numerous hats: Elon Musk is a business mogul, inventor and success sniffer. The MBA ventured to space exploration,Tesla Motors, Zip2 and PayPal, etc. The entrepreneur has futuristic architectural ideas for boosting human settlement on other planets. This African born genius is raising eyebrows with creating high-speed transportation system as well as supersonic jet aircraft.
  • The blooming financer: Michael Bloomberg is the mayor of New York City and owner of Bloomberg L.P. The global financial data company provides the investors with financial data. An alumnus of the HBS: the guy knows the importance of networking thus ultimately changing the course of future of numerous financial outcomes.
  • Shining like a sun: The American, Scott McNealy is the Co-founder of the Sun Microsystems. Using his business skills to his fore, he changed the IT industry with his dynamic insights. Quickly to top: An expert with IIT and IIM qualification and even more important: zeal to be different lead Pranay Chulet create a storm with Quikr. He left P&G for Mitchell Madison Group. A slower rise to the top, quickr attempts to solve the big day to day issues.
  • Latency lead transformation: V. Viswanathan is an Indian entrepreneur and Chairman of LatentView. It is a data analytics consultancy and data management company which designs analytics solutions, financial services, consumer goods and retail sectors. The entrepreneur holds an MBA degree from Indian Institute of Management and is an IIT engineer as well.
Traditional management education grooms the students to manage organizations but not to be an entrepreneur in actual sense. Some b-schools now are waking up to both the business and entrepreneurial skills. The constant strive to elucidate the concepts are raising the bar for other schools as well. Despite the government support, producing entrepreneurs is a difficult task for it requires both internal and external motivation and zeal apart from the business idea to get started. The business incubation techniques are yielding good results and the same can be multiplied to get an entrepreneur friendly culture. This will help both the nation as well as its inculcates to overcome unemployment and earn a good source of income. For this important qualities should be present in an entrepreneur namely:
  • tenacity
  • determination
  • Motivation
  • Self-reliance
  • Ability to tackle uncertainty and risk.
The b-schools can help you understand the opportunity and threats but not learn the internal drives. Further, The time and expense in gaining a full-time education is difficult especially if the idea can yield suitable results today but not later. Entrepreneur’s appetite for risk is well known but poor students from lower income groups may find their dreams and opportunities diminishing due to lack of both finances and familial support. The saving grace will be limited to seek jobs where their ability to repay is assured as well as the idea loses its appeal due to passage of time. An MBA program can teach you to turn a good idea into an average business but the same can be made best by zeal. There exist numerous venture capitalist who are ready to pump in moolah for a stake in a good business (Paytm, Jabong are a few example amongst these who are raising businesses with support of foreign investment). A B-school is the known incubator for both new ideas and budding entrepreneurs. With its focus on practical approach to knowledge, it makes students understand the situation and has prepared numerous students to manage their own ventures (both big and small). Some b-schools even have launched support by financially supporting the best ideas. These b-schools have became the safe choice to boost creativity and ambitious ideas without the fear of failure. Also numerous large organizations are tapping the young Turks to take charge of their idea while earning a steady income (taking risk on themselves if that idea doesn’t work out). B-schools further offer the best environment to build your selection of partners and the team as the key to success lies in teamwork and well placed friends provide advice and so do the wizened professors who help research and overcome business dilemmas. This proves to be a lifelong association with both academic trends as well as warning alerts for future opportunities and insecurities (A good teacher is a free counselor for lifetime).


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