Under the auspices of the Ministry of Skill Development and Entrepreneurship (MSDE), the National Institute for Entrepreneurship and little Business Development (NIESBUD) and therefore the Indian Institute of Entrepreneurship (IIE) each signed a Memorandum of Understanding (MoU) with the Indian School of Business (ISB), a top-ranked international graduate school, to produce top management education through entrepreneurial programs geared toward women.
Through this relationship, ISB academics and business specialists are able to develop and implement two programs: Business Foundations & Entrepreneurial Skills and also the Behavioural Skills Program. NIESBUD and IIE will promote the enrollment of adolescents, job seekers, and entrepreneurs in these two training programs on the ISB LMS. Upon successful completion of the courses, participants will get a joint certification. Opportunistic entrepreneurs are optimistic individuals with the power to choose out financial opportunities, get in at the correct time, remain board during the time of growth, and exit when a business hits its peak.
These sorts of entrepreneurs are concerned with profits and therefore the wealth they’ll build, in order that they are interested in ideas where they’ll create residual or renewal income. Because they’re looking to seek out well-timed opportunities, opportunistic entrepreneurs will be impulsive. Innovators are those rare individuals that come up with a good idea or product that nobody has thought of before.
Consider inventor, Steve Jobs, and Mark Zuckerberg. These individuals worked on what they loved and located business opportunities through that. Rajesh Aggarwal, Secretary, MSDE, praised the collaboration and stated that each one parties are working to produce teens and businesses with abundant chances in order that they may advance the expansion of the country. the need to evolve and adapt to those changes by giving the youngsters suitable skill training is significant given how quickly skills are advancing today.
He added that the collaboration is according to the overarching goal of constructing India the world’s “Skill Capital” by fostering an environment that’s supportive of both entrepreneurship and skill development. Introduction to macroeconomics and microeconomics are going to be studied within the Business Foundations & Entrepreneurial Skills curriculum. Marketing management, operations management, competitive strategy, negotiation analysis, and also the fundamentals of finance will be addressed.
Further, entrepreneurial skills are offered through this curriculum by teaching entrepreneurial orientation, understanding the start-up development pipeline, and identifying market demands, problems, and opportunities.
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