Can entrepreneurship be taught in a classroom? If yes, are the entrepreneurship courses being offered in the leading B-schools of the country the best bet? We find out
Is an entrepreneur born or made? The answer is - both. Whereas a person is born with personal characteristics, the required skill-sets are, more often than not, acquired.
This is where entrepreneurship courses enter the scene. Entrepreneurship courses, in themselves, are misnomers since entrepreneurship, per se´, cannot be taught in a traditional classroom-like model. What can be taught, are the tools that help you become a successful entrepreneur and start a successful business.
Entrepreneurship courses have been started with the objective of filling up a gaping void in the new-venture value-chain; the void that separates an idea from its execution. It starts from the very basics.You have a great idea and you don’t know what to do with it. Or you have a great idea and a great execution strategy, only you find yourself lacking in your execution capabilities. Or you have a great idea, great execution strategy, great execution capabilities, only you are ignorant of the ecosystem you are playing in.
| Institutes offering entrepreneurial courses |
| 1. National B-schools such as the IIMs, S.P Jain Institute of Management and Research, Indian School of Business, Management Development Institute, etc. 2. All India Management Association Center for Management Education, New Delhi 3. Indian Institute of Foreign Trade (IIFT), New Delhi 4. Entrepreneurship Development Institute of India, Gujarat 5. FICCI, New Delhi 6. Small Industries Service Institute, New Delhi 7. National Science and Technology Entrepreneurship Development, New Delhi 8. National Institute for Entrepreneurship and Small Business Development (NIESBUD), New Delhi 9. ASEED and Entrepreneurship Development Institute of India (EDII), New Delhi 10. Indian Institute of Planning and Management (IIPM), New Delhi 11. Institute of Marketing and Management (IMM), New Delhi 12. Xavier Labour Relations Institute (XLRI), Jharkhand 13. Xavier Institute of Management (XIM), Orissa 14. Indian Institute of Information Technology and Management (IIITM), Madhya Pradesh 15. Symbiosis Center for Management, Maharashtra 16. Jamia Millia Islamia, New Delhi. |
The permutations are many. The answer is one, a training program. A program that prepares new and existing entrepreneurs for any contingency that starting a new venture involves. A program that makes sure that you don’t make avoidable mistakes that cost you your time, money and effort. A program that keeps Murphy’s Law at bay.
Recognizing this need early on, many educational institutes of the country have started entrepreneurial training programs, in the form of courses or regular workshops. Riding this new wave are the leading B-schools of the country. The trend has now reached a point where no self-respecting B-school today can afford to not have an entrepreneurship course as one of its elective courses. The more glamorous ones have established their own full-fledged entrepreneurial centers.
IIM A offers electives such as ‘New Venture Planning’ and ‘Laboratory on Entrepreneurial Motivation’ to its post-graduate students. Its Center for Innovation, Incubation and Entrepreneurship (CIIE) serves multiple purposes with the singular goal of helping entrepreneurs start new businesses. Its activities include incubation, research and training, workshops and seminars and consultancy services for new ventures.
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