Entrepreneurial Management - Courses, Colleges and Careers

Entrepreneurial Management - Courses Colleges and Careers

Originating from the French word entreprendre, which means "to begin something", an entrepreneur is a person who, armed with a potentially good business idea and the courage to take risks, starts a new venture or a "start-up". An entrepreneur is a risk taker, an organiser and an innovator. Some people are born entrepreneurs blessed with the requisite skills to give wings to their ideas. Such people are a rare breed, blessed with the intelligence, creativity, vision, communication skills and passion that enables them to launch and sustain successful businesses.

The success stories of entrepreneurs like Steve Jobs (Apple), Larry Page and Sergey Brin (Google) and closer home - Kiran Mazumdar-Shaw (Biocon) who started their ventures in garages, have been inspiring the youth in India to choose entrepreneurship over conventional careers. But not everyone is born an entrepreneur. There are certain skills that may be honed with training and practical knowledge sharing. A course in Entrepreneurial management may provide aspiring entrepreneurs with a background to tackle all aspects of a small business or entrepreneurial endeavor. An MBA in entrepreneurship management helps develop the right set of skills required to successfully develop and sustain a successful business enterprise.

Career Scope

After the global financial crisis of 2008, the world and India woke up to the need to generate employment by working on business ideas and start-up ventures that might otherwise have gathered dust. India has been witnessing a lot of entrepreneurial activity in the recent years, with many success stories further fuelling the ambitions of many budding entrepreneurs.

It would be ironical to talk about "career scope" after a course in entrepreneurship, since entrepreneurs don't typically dream of building a career, instead, they have a vision to launch a business or give shape to an idea. An MBA would teach practical skills to aspiring innovators so that they can avoid certain mistakes when they start a new venture. But the most important ingredient is to "believe in yourself", according to the founder of the popular search engine, Just Dial, VSS Mani.

When your start a new idea/ business/ company, be prepared for failure!

Entrepreneur Deep Kalra Make My Trip

Deep Kalra, founder of India's most popular travel website, MakeMyTrip, learnt this the hard way - a St. Stephen's Economics graduate with an MBA degree from IIM-A, Deep quit his cushy banking job with ABN Amro for an entrepreneurial venture of bringing bowling alleys to India in the 1990s. He pursued it for 4 years, but it failed. But Deep Kalra calls it a "great entrepreneurial experience." For it taught him the right way to do business when he started MakeMyTrip in 2000.


Many management institutes and universities have now started offering courses in Entrepreneurship Management to train and empower budding entrepreneurs. The prime areas where such courses in Entrepreneurship Management prove helpful are:

  •    Service Business Ventures and Franchising
  •    Planning an Entrepreneurial Venture
  •    Entrepreneurial Leadership
  •    Growing & building family business
  •    Financial Reporting and Analysis
  •    Negotiation Analysis
  •    Managing Innovation
  •    Customer Focused Product Development
  •    Investing in Private Equity
  •    Outsourcing and IT based Businesses
  •    Capital Raising Strategies in Corporations
  •    Enabled Services and Strategies
  •    Social entrepreneurship

Top 10 Colleges/Institutes for Entrepreneurial Management

1Xavier School of Management (XLRI) - Jamshedpur
2Entrepreneurship Development Institute of India - Gandhinagar
3SP Jain Institute of Management and Research - Mumbai
4Narsee Monjee Institute of Management Studies - Mumbai
5Xavier Institute of Management and Entrepreneurship - Bangalore
6Nirma Institute of Management - Ahmedabad
7Amity Business School - Noida
8IIM - Bangalore
9National Institute for Entrepreneurship and Small Business Development - New Delhi
10Univ18 Business School (Online)

Related Articles: Building entrepreneurship skills in students

About Nishatha Abraham Bijeesh

Nishatha has been writing about education in India and abroad for the last 9 years. She has been in the digital marketing industry for 8+ years and specializes in content marketing. Nothing annoys her more than slow wi-fi, incorrect usage of the apostrophe and people mispronouncing her name. She prefers not to talk about herself in the third person, but reluctantly, had to do so here!

Linkedin | Twitter

Subscribe to our Newsletter