Archive for January 2010

What is the scope of MBA in Entrepreneurship Programs?

As we all know MBA has a reputed stand in the industry when it comes to work with top multi- national companies. So, all you aspiring professionals must try your hands on MBA!

Business management courses delivers knowledge in management, data stock, data withdrawal and business study to categorize, track and develop key processes and information of any organization. Over all, it makes you fully skilled and equipped with fight against any situation and grows the business further. If we talk about any specific business course that guarantees a success in your professional life by identifying and monitoring the trends of corporate, competitor and market performance then MBA in Entrepreneurship programs would be the best one to choose!

Scope of MBA in Entrepreneurship programs

MBA in Entrepreneurship programs (MBA- ED) is a course specially designed for those who are interested to gain a command over hard core business decisions. In today’s competitive business era, you need to be ahead of others to get the best. Business degree in Entrepreneurship programs trains you to be a leader in your relevant filed. MBA- ED is a must have for small scale business owners or any individual who wants to stand out in the industry by effective handling their ventures and by taking it to the next level of success. Any one who possesses this degree automatically comes in the limelight through their unmatched skills to develop business. Hence, becomes the first preference of many renowned companies.

Career Prospects in MBA Entrepreneurship

Any one with a business degree in Entrepreneurship is all set to rule the industry with their own skill and knowledge. Apart from this, all companies love to hire professionals who need less training and can individually handle the business projects. Here by the scope of career growth in this field is immensely high!

 

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Learn Entrepreneurship By Earning An Online MBA Degree

If you are fed up with the 9 to 5 job and are no more interested in working as an employee. It is the time perhaps you want to start your own business. Starting your own business means taking risks. To become successful entrepreneurs you might also be looking for a course. You can learn entrepreneurship by earning an online MBA in entrepreneurship. There has been a growing popularity for online MBA programs. Online entrepreneurship will help you to attain the basic aspects of entrepreneurship

Many people desire to acquire the skills in entrepreneurship but as they do not get time to earn a degree by attending a regular course. That is the reason why many people prefer to go for online MBA programs. These programs are very easy to complete within the comfort of your home. Moreover, you need not have to spend more as compared to the regular MBA programs.

Once you enroll yourself in an online MBA in Entrepreneurship, you will be provided with all the required course material which will help you to learn the tricks of the trade and can help you to become a successful entrepreneur. Moreover, the biggest advantage of enrolling in an online MBA program is that you can pursue the degree while you are still working your regular job. You need not have to quit your job while you purse your online MBA degree program.

Internet has been a boon to all those who do not have time for a regular course. You will have to just login and enter a unique user name and password after you enroll in any university. Many universities have come up offering online MBA in Entrepreneurship. However, with the growing demand of such online MBA programs more and more universities are offering online MBA programs. Online MBA in Entrepreneurship is one of those online MBA Programs that will not only help you learn the entrepreneurial skills but also will help you to set up your own business. You can take up a planned approach while starting a business, take calculated risks and can foresee the consequences. Life becomes much more easier when you start a business with an online MBA in Entrepreneurship.

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Riding the Emotional Rollercoaster of Entrepreneurship

Remember the first time you rode a rollercoaster? You waited in line with trepidation, smiling nervously to your family, friends or those around you, hoping that no one could sense the butterflies in your stomach. As you got in the car and strapped in for your ride, you wondered how secure the safety belt really was. You were scared and excited about what would come as the car slowly inched up the hill before the first big drop. You wondered if it was really such a good idea getting on this ride, and maybe even said a quick prayer. When the car started downhill and picked up speed, you let out your best Hollywood scream as you sped over bumps and turns and flipped head over heels. You alternated between feelings of delight and feelings of horror and everything in between. You felt more terrified and exhilarated than you ever had before in your life. By the time your car slowed down and stopped at the terminal, your cheeks were flushed by the rush of it all. You barely knew where you had been, but you were happy you did it and wished it weren’t over so quickly. As a business advisor, I know that the emotional rollercoaster ride of entrepreneurship can be tough, but just like an actual rollercoaster, there are unexpected twists and turns, thrills and excitement to be gained from entrepreneurship that make it all worth the ride. Whether you’re just starting out or you’ve already established a business of your own, here are some things to keep in mind on your ride.

1 – You Can’t Have the Ups Without the Downs

Business by nature is cyclical. Realize that it will not all be rosy. There will be ups and downs; it is just part of the game. There has never been a business built that didn’t face setbacks and hardships. Not one. There will be good days and bad, but if you maintain focus on your goals and work towards them every day, and continue to make progress by listening to feedback and improving, you will get through the bad. You will get out of the dip and start climbing up again. When you’re feeling like things are down, it is a sure sign that an up is just around the corner. You just need to keep the momentum moving forward long enough to get to it.

2 – Enjoy the Moment and Keep Your Eyes Open

Time flies, when you are on a rollercoaster and when you are a business owner. When I worked in corporate America, it seemed like it took forever for Friday to come along, but when you own a business the weeks start to fly by and it is Christmas before you know it. If you don’t stay alert, and on task, and follow a plan, you will be wondering where the time went, and why you still haven’t gotten around to doing what you meant to do. Enjoy the moments that you live every day. Even if you wish you had more money, more clients, more staff, you need to find happiness in the now. Instead of constantly asking, why is this taking so long, and looking forward to the future, think of all the wonderful things you have right now, and enjoy the present moment. Businesses, like children, grow up fast, so don’t forget to enjoy the baby days. This will make you a lot more eager to get out of bed in the morning. When you are alert to what is going on in the moment feeling thankful for what you have, you will be able to attract more good things into your life.

3 – Keep Getting On Board

With any job that does not have a guaranteed return on investment; you must keep proactively putting forth effort and work. While you may not experience the immediate gratification that you desire, work put forth can come back to you when you least expect it, just like a tax return in the mail. While your time is valuable and should not be wasted, doing work now can turn into profits later. Business is about taking a long-term view, so realize that you may have to go around a few times before you start reaping the returns, but it will be worth it when you do.

4 – Let Go

Lastly, have fun. Entrepreneurship and rollercoaster rides can be scary, but they can also be wildly fun. The uncertainty of what tomorrow will bring is what makes the business journey so exciting, so instead of lamenting your lack of success now, let go and enjoy the ride. Make good plans and put good control systems in place to monitor your progress, but ultimately you have to put your business out there and see what the marketplace thinks.

Entrepreneurs are like rollercoaster junkies; the ones that build a successful business like to experience the thrill over and over again by always tackling new ventures. For more information about how you can build your business with the help of a supportive team, visit www.flourishingbusiness.com.

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ENTREPRENEURSHIP IN ANCIENT PERIOD

ENTREPRENEURSHIP IN ANCIENT PERIOD

The First phase of entrepreneurship emerged when the Aryan conquerors settled down in this country by suppressing the non-Aryans. They appropriated the products of village communities to themselves leaving a little for the villagers or native. Thus, the main conflict of ancient Indian society began. The Aryans were faced with the problem of innovative new crafts and occupations and also evolved some kind of division of labour for the new handicrafts, breeding of cattle and cultivating land. Ali these occupations did not exist at the time of conquest by Aryans. They were the products of entrepreneurial action.

Immediately after the conquest, the settlement of the Aryans began and together with the formation of states and the establishment of laws. The need of dharma was expressed in the oldest Upanishads and the oldest dharma sutras followed. They avoided the speaking of class struggle as mentioned above, but used the terminology of the four ranks (Varna dharma), which is quite characteristic of despotism

Ancient literature like manusmriti has provided a clear idea about entrepreneurial class of people during ancient period (pre-Vedic). According to manusmriti, “people belonging to Vaisya caste were regarded as entrepreneurs who are specialized to maintain livestock, to give charity, perform sacrifices, study scriptures and undertake business and banking.” Hence, vaisyas are the specialized class of people carrying entrepreneurial activities in these days. Agriculture, crafts and handicrafts were the basic sources of the occupation for the people. The occupational development during this period comprised ownership of land pasture grounds, trees, forests, water reservoirs; mine, etc. with the introduction of entrepreneurship, the towns and cities developed.

 

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Social Entrepreneurship

                                   “SOCIAL ENTREPRENEURSHIP”

                                                           BY

                                              YESHWANT  G. TRASI

                             FREELANCE U.N. DEVELOPMENT JOURNALIST

Long shunned by Economists, whose interests have gravitated toward market-based, price-driven models that submit more readily to data-driven interpretation, entrepreneurship has experienced something of a renaissance of interest in recent years. Any definition of the term “Social Entrepreneurship” must start with the word “Entrepreneurship”. The word “Social” simply modifies Entrepreneurship. If Entrepreneurship doesn’t have a clear meaning, then modifying it with Social won’t accomplish much, either.

Social Entrepreneurship is as vital to the progress of societies as is Entrepreneurship to the progress of economies; and Social Entrepreneurship merits more rigorous and serious attention than it has attracted so far. The Social Entrepreneurship should be understood as someone who targets an unfortunate but stable equilibrium that causes the neglect, marginalization, or suffering of a segment of humanity; who brings to bear on this situation his or her inspiration, direct action, creativity, courage, and fortitude; and who aims for and ultimately affects the establishment of a new stable equilibrium that secures permanent benefit for the targeted group and society at large. But interest in Social Entrepreneurship transcends the phenomenon of popularity and fascination with people. Social Entrepreneurship signals the imperative to drive social change, and it is that potential pay off, with its lasting, transformational benefit to society, that sets the field and its practitioners apart.

 (The Writer is a Certified Management Consultant (CMC) & Managing Consultant, Management Development Systems Consultants (MDSC), Bangalore, India. He is also a Freelance U.N. Development Journalist and Communications & Social Marketing Consultant, U.N.Global Compact).

 

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