Not everybody who pursues management study at the hundreds of b-schools in India and abroad is in search of lucrative campus placements. A large number of them dream of setting up independent ventures that hopefully would grow into giants with time. It is true that the smallest business undergoes an incubation period before it begins to generate profits. That period requires intensive market research and the competition needs to be studied carefully. The location of the business is crucial, selected in an area probably on the main road where a large market is located.
Investments alone are not enough
Since the business world is essentially made up of money, many people think that raising investments is the only barrier to setting up a successful business. Some would dream of miraculous business success if only a large investment was possible. At the beginning of the career, perhaps in the early or middle twenties, most individuals do not have large sums of money available. Obtaining loans require securities that everybody cannot provide.
Training in small business management and entrepreneurship
The situation is different in the case of business families that have followed the same profession for generations. In such a case, business knowledge is inherited and many members of the family work together.
Otherwise, individuals need to study business management and that involves 2 years of MBA study after graduation with preferably some work experience. Twelve years of schooling, three years of graduation and two years of post graduation, making seventeen years of study in all. That is a big price to pay to set up a small business! Yet there are no short cuts and possibly the small business may grow into a big wonder.
Starting small is a universal truth. The biggest businesses globally made humble beginnings! Study of the history of business globally is inspiring. Entrepreneurship is the need of the hour in order to succeed. Just like millions of people find happiness in the services where they work slavishly all their lives, business is more enterprising. There is no fixed salary at the end of every month and no job security. The stakes are high and success could touch the skies but failure could mean bankruptcy.
Not everybody is willing to take the risk and so remain on the safe path with services. Both sides are serving national interests. Truth and integrity, hard work and accomplishment apply to both approaches. It is a passion that gives rise to careers, whether as a service without risk or a business full of risks. A passion for hospitality or healthcare could translate into an innovative hotel or hospital that serves the society and generates revenues. The hotel receives tourists from the world over and the hospital provides treatment to many different nationalities.
The GIBS business management culture
While hundreds of b-schools exist in the Indian educational infrastructure, among the biggest in the world, a few are worthy institutions. Sad it is to say that many b-schools kill the student dreams of business success early in life. Research indicates that a tiny percentage of business graduates and postgraduates each year are really employable. Most cannot cope up with professional demands and have studied theory alone. Job experiences and internships have failed to fine tune them into dynamic professionals.
In 2017, the multicultural business world is made up of a large number of MNCs that provide challenging and lucrative assignments. The GIBS business school possesses the academic and professional culture that effectively trains cutting edge business leaders who can make a mark. Why is everybody rushing into business studies nowadays? The world is ruled by commerce, finance, banking and insurance that run the wheels of production and industry.
Along with Small Business Management and Entrepreneurship, GIBS offers the following specializations:
Marketing, finance, HR management, international business, information systems, tourism and travel management, healthcare, retailing and supply chain management, and banking and insurance.
Highlights of the GIBS training
A long list of dramatic awards and ratings has certainly turned the spotlight on GIBS as a leading b-school in India that it certainly deserves to be. The alumni matter most in higher education and the institute has the best qualified and experienced faculty. Guest speakers possess authentic industry experience and share their secrets with the trainees.
An institution like GIBS can certainly make the difference by launching a career in the right direction. The resources, business connections and the infrastructure are all geared towards student achievement. The 4.5-acre campus in Bannerghatta, Bangalore does feel like a hotspot. The leadership skills go a long way in instilling confidence to take on the complexities of the world of big business. Soft skills are essential creating a rounded personality who is successful in every situation. GIBS creates effective business managers with a sense of values, culture and a shared vision. The record of placements does assure that all the time and money will not go in vain.
GIBS creates postgraduates capable of running small businesses
Working at a secure service is certainly easier than venturing out alone to set up an independent business. It would be sad if all the postgraduates only took up services. From the beginning, the entrepreneurial spirit is built in students. The history of great Indian businesspersons like the Tatas and Birlas is inspiration enough. Yet it would be a mistake to be lost in dreams that cannot be realized.
GIBS offers several courses. Besides MBA plus PGPM, the one-year PGDM is available. Corporate BBM and Corporate BCom are the other courses. The industry integrated MBA is available on weekends.
In many cases, graduation also perhaps contained the same subjects like commerce or business that is now being studied in MBA. And then came some job experience after graduation, perhaps with a company. Further internship for several weeks will be included in the MBA. The foundation of business knowledge has already been laid. Now in GIBS, it is like climbing a career ladder. Not forgetting that schools and colleges are where the battles of life are fought, it is a slow and sure race to success. Case studies, SAP, Sigma and optional foreign tours all serve the purpose of enhanced skills and personalities to weather the storms of business successfully. Rome was not built in a day and it will take long to establish that small business that hopefully will grow to epic proportions in good time.