Learn to Develop a Business Plan with Management Studies

Business Administration or Business Management studies is given a lot of importance and is one of the favored courses in India. But, why is this course so popular? Have you ever wondered?

Before you apply to any management college in India it is important to know the significance of management studies. The value of management studies is high because it provides a plethora of opportunities to its students who aspire to be an entrepreneur or work in a managerial role. 

Management studies help to boost confidence and improve communication skills, leadership, and organizational skills. These skills are pivotal to running a business or managing a company. Management studies help to enhance these skills which in the long run helps in managing or running a business.

Why Management studies is important?

Doing MBA from a reputed management college teaches business acumen. You get to face the challenges of the real world and handle those situations with the skills and expertise learned through management studies.

Management studies expand your knowledge base and give your resume more weight. When you pursue courses in management you gain a holistic idea of business management. You may be an employee or own your business. Whatever it is, the courses will help you in understanding business, finance, and human resource management.

Business management will provide you with knowledge about organizing, planning, and analyzing business activities that assist in running a business successfully. A business management degree is a choice for every aspiring leader and entrepreneur.

The growing competition in the business has put extra pressure on the working professionals to efficiently manage the business processes. With the management degree, it comes easily as budding professionals learn visionary leadership, negotiation and conflict management, strategies to handle business, team building, and interpersonal skills.

A management degree is important because of the following reasons:

  1. Develops management skills: If you have management skills you are a valuable asset to an organization. You can acquire those skills only with a management degree. The skills are critical and strategic thinking, communication, problem-solving, organization, presentation, reporting, project management, and leadership.
  • Higher chance of employability: If you are a graduate in business management you will be presented with a lot of options for jobs in the domain of management, consulting, marketing and advertising, human resource, retail and sales, and finance.
  • Gives an idea to the business world: If you have no prior experience in the business you will gain insights into business and management through a business management degree. You will understand the industry trends and know the academic theory to solve real-life business problems.
  • Knowledge of multiple disciplines: If you are in doubt with regard to choosing your career, a management degree is a good option as it gives an overview of the business operations that helps in the success of a business. You can later also specialize in your area of choice.
  • Own your business: With management studies, you can be your own boss. You can own your business and get the business idea to get it started. 
  • Managing people: Management studies helps you to manage people efficiently by understanding their problems, grievances, and issues and motivating them to work better.

The success of a business depends upon the ways in which the administration is handled. Many start-ups commence their business but find it difficult to sustain in the competitive market due to a lack of proper administration and its activities.

MBA/PGPM programs give opportunities for students to learn the tactics of business administration through hands-on training and development.

Management studies at ICFAI help to develop a Business plan

Management colleges in India provide knowledge pertaining to planning, execution, supervision, and analysis of a business initiative. 

ICFAI Business School (IBS) focuses on teaching students the strategies to achieve organizational goals, identify potential problems and devise customized solutions for the same.

Management studies in ICFAI Business School (IBS) provide the students with the opportunities to work with corporates during the Summer Internship Programs where they get to understand business operations and functionalities. 

The MBA/ PGPM program at ICFAI Business School (IBS) is designed in cooperation with corporate collaborations of IBS for the training of the students before they join as permanent employees. As a trainee, they learn to develop a business plan as part of the internship project which prepares them for the future.

ICFAI Business School (IBS) like other top business schools provides an industry interface to students through Summer Internship program for 14 weeks. Some of the recruiters for the internship are Dr. Reddy’s Laboratories, ICICI Bank, Axis Bank Coco Cola, etc. The Summer Internship program helps the students to learn in the first year about corporate life and test their knowledge. They are under the constant guidance of their faculty members and mentors at the workplace.

Management colleges in India provide Summer Internship Programs for students. But, ICFAI Business School (IBS) gives due importance to this program as it helps the students to explore challenges and gauge their strengths and weaknesses before they are hired for any role in a company. This gives enough time to prepare one as a future leader/manager and also gives the opportunity to work with project managers of different firms. 

ICFAI Business School (IBS) Placement program offers job opportunities in various sectors like banking, consulting, e-commerce, education, financial services, insurance, telecom, IT/ITES, Media and Research, Media and tourism, etc.

With all the knowledge and experience gained through the internship and Business Management curriculum, you can work efficiently as a manager or leader in any organization or run your business successfully.

Enhance your leadership skills with ICFAI Business School (IBS)

ICFAI Business School (IBS) has the reputation of being an institution offering a world-class MBA/PGPM program across all its nine centers. It has maintained its benchmark since the inception of the business school.

The B-School has received many prestigious awards for providing a world-class curriculum. It is ranked 5th best in the entire South zone and recognized as 32nd in the list of top 100 private business schools in India in a survey conducted by the Ministry of Education through (the National Institutional Ranking Framework).

ICFAI Business School (IBS)has maintained its status quo in providing not just an academic syllabus, but a great infrastructure facility, or a cutting-edge competitive environment for students even with changing needs and demands.

Management studies have evolved over the years as there have been a lot of changes in the operational and functional framework of the corporate sector. ICFAI Business School (IBS) has also designed its curriculum with a focus on projects and programs in collaboration with various firms.

ICFAI Business School (IBS) and leadership development

ICFAI Business School (IBS) creates leaders of tomorrow with the continuous development of the students through soft skills training, management program, and the training to handle events and responsibilities.

The case study method of learning in the Business school will put you in the decision maker’s seat, train you to analyse the problems in a given situation, and come up with an effective solution. You will be taught to draw understandings from the data available and take decisions where the rest of the class will support and push the case to the extent possible. This method will want the decision maker to come up with a solution for the situation in a case with a 360-degree view. 

A leader is someone who possesses good communication skills and has empathy for people. He/she communicates his vision to the organization effectively. ICFAI Business School (IBS) will train you to judge your communication skills and provide you with scope to develop your EQ which is pivotal to assuming the role of leader in the future. The development of EQ will also help you to deal with people in the corporate world. The basic sense of empathy should be present in a leader so that the team members highly revere him/her.

For a leader, it is also important to have all-around development. The extracurricular activities provided by ICFAI Business School (IBS) like events, talks by prominent persons, and a variety of on-campus activities will give you as a student a lot of opportunities to participate and gain experience to become successful and better leaders. 

IFCAI Business School (IBS) Placement

ICFAI Business School (IBS) provides placement to students in different reputed firms like Infosys, JP Morgan, HDFC, and many more. But before the placement, it will train you to gain expertise to join the companies. You will get hands-on experience in upgrading your skills to analyse the problems that arise in a firm and come up with solutions to deal with the same. The Business School prepares you to emerge as leaders for tomorrow. 

MBA in India focuses on enhancing entrepreneurial skills and equips one in decision-making, understanding the basics of identifying, analysing, and tackling crisis situations. But, ICFAI Business School (IBS) possess the strength of transforming its students into good managers and leaders by providing them a plethora of opportunities to know the scenario of the corporate sector.

MBA programs in top business schools always focus on leadership. ICFAI Business School (IBS) thus also gives due importance to it. It not only focuses on theoretical knowledge of how to transform yourself into a leader but also provides real experiences to emerge as a leader. 

In today’s competitive world you need to have proper knowledge and training in multiple areas. Firms hiring you will see for those skills beforehand as it becomes cost-effective and less time-consuming for them. There is no need to train you from the scratch. ICFAI Business School (IBS) thus designs its curriculum accordingly and builds networks with different companies to equip you for the future.

Management colleges in India provide for Summer Internship Program for the students. But ICFAI Business School (IBS) gives due importance to this program as it helps you to explore challenges being a student and gauge your strength and weaknesses before you are hired for any role in a company. This gives enough time to you to prepare yourself as future leaders/ managers and gives you the opportunity to work with project managers of different firms. You are also mentored by professors from the business school during the internship period.

ICFAI Business School (IBS) offers you customized training programs in collaboration with different reputed firms. This industry networking curriculum design makes it unique from other top management colleges in India.

ICFAI Business School (IBS) thus boasts of the fact that they just do not create a mere workforce but creates leaders for the corporate world. You will learn to handle crisis situations effectively, understand your strength and weaknesses, face the challenges of the corporate world and learn to overcome problems.  The MBA/PGPM program offered by the ICFAI Business School (IBS) provides a rich academic experience to its graduates. Your resume will speak volumes of your skills and aptitudes having a B-school degree as they have highly competitive exams. ICFAI Business School (IBS) has always maintained its standard of producing efficient leaders for tomorrow.

ICFAI Business School (IBS) Equips Students in Crisis Management

ICFAI Business School is a renowned name in the list of best business schools in India. ICFAI Business School (IBS) was started in 1995 and since then it has been providing a great academic atmosphere and infrastructure to its students. Along with 2 years MBA/PGPM program, it also offers a Ph.D. program to students. ICFAI Business School (IBS) has proved its’ academic excellence in both programs by receiving many awards and appreciation in recent times.

In a survey done in 2021 by best Business Schools in India, ICFAI Business School (IBS) is ranked 12th in the list of top 100 private Business Schools in India. It is also ranked 25th among the list of government and private institutions all over India.

Case-study-based method of teaching helps in crisis management

The uniqueness of ICFAI Business School (IBS) is that it provides case-based learning or case-method teaching. Today’s professional world is full of challenges. ICFAI Business School (IBS) prepares the students to face real-time situations by enabling them with problem-solving abilities. Only theoretical knowledge will not help the students to be better professionals in the real world. So, ICFAI Business School (IBS) provides immense scope for students to be better managers and leaders in the corporate sector.

Case method teaching helps the students to learn, analyze, and understand a diverse variety of problems in the corporate field and teaches them to handle those problems strategically.

In the case-study method, students are given real-time situation, asked to come up with solutions, present it in the classroom and discuss the same. This approach helps the students to face real-time situations confidently and equips them for the real world.

Case-based learning also prepares the management students for decision-making and helps to grapple them with complex problems in the professional world. Thus they can manage crises better than those who do not have any such practical knowledge and experience.

In today’s professional world one who can resolve issues faster wins all the praise and appreciation and becomes an asset to the company. And those who lag lose many opportunities despite having knowledge and skill set in their domain.

Value of IBS’ case studies 

Students in ICFAI Business School (IBS) are encouraged to interact with the companies directly to gain information or collect through published sources and know the problems in-depth. Case-study analysis helps them to know the real challenges faced by managers every day at work.

ICFAI Business School (IBS) provides students with different variety of case studies that are not only relevant to Indian but to foreign contexts as well. Many management colleges in India do not focus on the issues that are found in the ICFAI Business School (IBS) case studies.

The case studies found in the ICFAI Business School (IBS) course curriculum are specially developed by a team with good knowledge and many years of experience. ICFAI Business School (IBS) also received many rewards and recognition for case studies. 

MBA/PGPM in India provides scope for students in enhancing their entrepreneurial skills, and equips them in decision-making, to understand the basics of identifying, analyzing, and tackling crises. Students can transform themselves into leaders if they are aware of the problems that arise in the firms and know how to deal with them. ICFAI Business School (IBS) since its’ inception has the strength of transforming students into good managers and leaders by giving them ample scope to know the scenario of the corporate sector.

There has been a lot of evolution in the field of management studies with the change in the pattern of organization in terms of operation and function. ICFAI Business School (IBS) collaborates with national and international firms for training students to become decision-makers. In today’s competitive world, firms prioritize those who understand and have knowledge and training in multiple areas as it is cost-effective and less time-consuming for the corporates. ICFAI Business School (IBS) thus builds a network with the industries and designs its curriculum accordingly to equip its students for the future. 

ICFAI Business School (IBS) has some tailored programs with big companies like Infosys, JP Morgan, HDFC, and many more. Students are trained before joining the companies and even after the placement. There is a Summer Internship program in any MBA/PGPM course in India but ICFAI Business School gives due importance to this program as students get a lot of opportunities to explore challenges and gauge their strengths and weaknesses before they finally join the companies. The students get ample time to prepare themselves as future leaders. They work with the project managers of different firms and are mentored by professors from the business school.

ICFAI Business School (IBS) offers courses that not only teach students influential skills, negotiation skills, using power, and becoming more marketable, but also take care of the EQ development of their students. The B-school gives importance to soft skill development because a natural leader possesses this trait. It emphasizes the idea that leaders should have empathy for their people. The sense that those who work under them are people and not just mere facilitators for driving the organization. This is what guarantees the success quotient of the organization.

ICFAI Business School (IBS) has always kept itself at par with the changing time and demands and designed its curriculum which prepares the students for tomorrow. It has made its mark in the field of management studies in India.

All about IBSAT- One of the Top MBA Entrance Exams in India

As an MBA/PGPM aspirant, I am sure you must be thorough and very well aware of the whole list of MBA entrance exams conducted in India. You must be prepared for some or most of them by now. IBSAT is among the most popular MBA entrance exams, aspirants appear every year. It is conducted by the ICFAI Foundation for Higher Education (a deemed University under Section 3 of UGC 1956).

ICFAI Business School (IBS) established in 1995, has maintained a track record of being one of the top Business Schools in India in the context of academic excellence and infrastructure. ICFAI Business School (IBS) is now an empire of its own, with nine outstanding campuses across India turning heads and earning claps each year with its excellent academic performance, excellent placement, and army of skilled and capable professionals.

What is IBSAT?

It is an online computer-based aptitude test with a set of multiples choice questions. The time duration is 2 hours. The exam evaluates the candidate’s ability in quantitative techniques, data adequacy and interpretation, vocabulary, reading comprehension, and logical reasoning.

 It is a common entrance examination conducted for students seeking admission for

  • MBA/Ph.D. programs in IBS Hyderabad and IBS Bengaluru (Off Campus IFHE)
  • MBA program in IBS Dehradun and IBS Jaipur
  • PGPM (Post Graduation Program in Management) in IBS Ahmedabad, IBS Kolkata, IBS Gurgaon, IBS Mumbai, and IBS Pune.

IBSAT 2022 Proctored from Home:

This year again, applicants will be able to appear for the test from the ease of their homes. All you will need is a device and a stable internet connection for those two precious hours.

Important dates 

If you are preparing for the management program for 2023-25, the application gates are open now. Every year the application submission procedure starts midyear. Likewise, the application submission procedure started on 1st July 2022. If you are confident about your plans and focus, go ahead with the application procedure just a click away.

The Entrance test will be held online on 24th and 25th December 2022. Followed by the same, the results for the entrance will be released by the 1st week of January 2023, and then the selection process will begin by the 2nd week of February 2023.

What do you have to do?

  • Apply online from the comfort of your home by visiting the official site, www.ibsindia.org. This is a super-fast procedure with you receiving a confirmation e-mail in the Id provided by you right after the payment and the required information details are being provided. You will receive the hard copy of the ICFAI Business School Bulletin within a week at the address provided by you.
  • Purchase application forms from the ICFAI Business School (IBS) information office nearest to you. You may locate the branches easily through the same link I have mentioned above.

Once you are done applying, now what? Of course, get set and ready thoroughly for the upcoming test!

Extra mileage for your exam readiness

Every year ICFAI Business School (IBS) conducts National Mock Test. Trust me, this can prove to be an eye-opener and a great tool for self-assessment before appearing for the IBSAT Entrance Test. The eligibility criteria for the same while appearing for the mock test.

  • You have to be an Indian resident while appearing for this test.
  • You must have a valid e-mail address and stable internet access during the mock-test
  • Graduation batches of 2020 to 2022 with a minimum of 50% marks. Minimum 50% marks in 2nd-year degree if appearing for the final year in 2023.
  • Verifying your 10th certificate is a mandate for checking your age.

Prizes (Vouchers):

Yes, you read it right. The first 100 rankers will be acknowledged with vouchers, the first prize

being Rs.10000. The results will be released within 7 days from the date of the exam. Followed by ICFAI Business School (IBS) notifying the prize winners via e-mail.

National IBSAT Mock Test gives you a clear insight into IBSAT and is great guidance towards your preparation. Plus, you cannot deny the fact that the promotional competition does not seem lucrative after all. Visit https://ibsat-mocktest.ibsindia.org/ to register for the mock test now.

Now the question is, what could be so unique about IBSAT and ICFAI Business School (IBS) as a whole that you must consider applying for if planning to pursue MBA/PGPM in India? Some of the most appealing, convincing, and endorsed can be:

  • The fame: Ever since 1995, ICFAI Business School (IBS) has been outstanding in all parameters which a B- School is graded upon. ICFAI Business School (IBS) has earned a highly held reputation for providing management programs that are of global standards. 
  • Unique academic curriculum: ICFAI Business School (IBS) two-year full-time MBA/ PGPM program is an experience of its own. Here you will not only learn Kotler’s and Keller’s theories but get to experience a lot more beyond classroom teaching. The course curriculum is majorly focused on case-study-based learning, a 14-week summer internship program, continuous skill enrichment through multiple teaching tools, and always updated teaching matter and methods. 
  • World-class Infrastructure: For those who think infrastructure is of least priority, I differ to agree with you. A grand and updated infrastructure certainly has a great role to play in your learning process. All 9 ICFAI Business School (IBS) campuses are excellent places to spend two beautiful years of holistic learning. 
  • Excellent placement: ICFAI Business School (IBS) has a great reputation for accomplishing excellent placement for the students each year in all the well-known MNCs and organizations nationally and internationally, with the most handsome packages you can think of. ICFAI Business School (IBS) has a stable list of companies turning up every year for campus recruitment, with the list going longer with every passing year. 
  • Vast Alumni Network: IBSAF (ICFAI Business School Alumni Federation) was founded in 1997 and has now become a dear asset to ICFAI Business School (IBS) with over 62000 Alumni. IBSAF surely has the power to make you feel like being a part of this huge family of ICFAI Business School (IBS). This voluntary approach of our priced alumni turns out to be a great resource to the students in terms of personal and professional counselling, and a vast network of opportunities. IBSAF empowers you with connections that would be there for you beyond these two years. And yes, you should check out the updates about the yearly alumni meets. They are indeed one of a kind.  
  • Holistic approach: ICFAI Business School (IBS) believes in 360-degree learning and shift in your approach and makes sure that you get to discover a lot more about yourself than you ever knew. Leadership skill development, industry-specific training, soft- skills development, and personality development are some of the intangible yet crucial areas you are exposed to alongside academic and professional learning. 
  • In a nutshell, two years full-time MBA/PGPM program at the ICFAI Business School (IBS) campus is going to be one of the best decisions and opportunities of your life.

Quick facts you might like to know

ICFAI Business School (IBS) is top-ranked among all the Management colleges in the country. 

ICFAI Business School (IBS) accepts CAT, GMAT, XAT, and NMAT by GMAC scores too.

For more information visit www.ibsindia.org

ICFAI Business School, A place that Moulded many Entrepreneurs and Global Leaders

Some people are born to be goal oriented and very early on in their life, they do figure out what they want to do in life in terms of their career propaganda. While most people get driven toward working for a great career in the corporate or public sector, some are such daredevils who aspire to create and brand name, become a founder, lead a whole herd and become an entrepreneur. 

It is not a rare surprise these days to come across an entrepreneur and to be honest, we have more people now who dare to decide to start something of their own after a few years of working in the corporate world or even afresh in the very beginning of their career. The number of start-up businesses has grown seemingly much more as compared to two previous decades. However, this would have not been possible without the backup of Business Schools in India. MBA/PGPM in India now is at par with global standards and if you succeed in enrolling yourself in one of the top business schools then, opportunities for you will open up many folds more. 

Many Management Colleges in India provide MBA/PGPM programs that enrich the students with a 360-degree approach to prepare them for every walk or career they may please. ICFAI Business School (IBS) recognized among the top business schools in India is proving its excellence since its inception in 1995, drawing a great reputation and more fame with every year celebrating the brightest of batches graduating in MBA/ PGPM. Being one of the Top business schools in the country, ICFAI Business School (IBS) takes immense pride in the two-year full-time MBA/PGPM curriculum it provides, which majorly focuses on the core skills a person will need as a leader and also as an entrepreneur. Some of the key skills ICFAI Business School (IBS) holds prior can be described as:

  • Leadership skill development: The management programs in ICFAI Business School (IBS), are designed as such to bring the best out of the students and work continuously on enriching their leadership skills. ICFAI Business School (IBS) makes sure to give every student equal exposure and opportunity through simulated (classroom) and real-life situations, where the students are bound to take decisions and communicate them most convincingly. Continuous practice of the approach indeed polishes and grooms the leader within to come out more evident and stronger.
  • Case study methodology: ICFAI Business School (IBS) is one among the very few management colleges in India to give 100% focus on the case-study analysis as the most significant in its syllabus. This approach enables the students to imagine themselves in a real-life situation and lets them deal with the situation with a thorough analysis and a suitable decision. Decision-making skill is one of the key traits a leader or an entrepreneur needs to come out with a success story of flying colors. ICFAI Business School (IBS) boasts immense pride over its Alumni with many successful young entrepreneurs across the globe today and many corporate stalwarts possessing prestigious positions in well-known MNCs. 
  • Soft- Skills Development: Leaders give birth to new ideas, and paves a vision and way to materialize his/her idea. Leaders have to communicate this idea to his/her team in a way that is positively convincing and the whole network is driven toward the same goal in accomplishing it. This is where and why a leader’s communication skills come to role-play. ICFAI Business School (IBS) focuses heavily on grooming the communication skills of the students. This happens through continuous ongoing group discussions in a classroom setup, presentations, team projects, and every single opportunity where the students get a chance to address a group of people for explaining and convincing others with their point of view. ICFAI Business School (IBS) also focuses a lot on developing the EQ (emotional quotient) which is very essential in life to keep the human element and team synergy alive.
  • Extra-Curricular Activities: ICFAI Business School (IBS) always endorses that we need not let go of the fun element of our life no matter how busy we are. Students get a chance to involve themselves in cultural and sports activities too simultaneously alongside their academic work, with the only twist that here the extra-curricular activities are organized, executed, and materialized by students completely, of course under the guidance of their professors and other administrative supports. 
  • Placement method: ICFAI Business School Placement method is yet again one of its kind. Every year ICFAI Business School (IBS) accommodates the best companies to visit for campus placement and has an impressive track record in placing its students across the industry. The placement of the students is the outcome and the measure of the value of any management school, and ICFAI Business School (IBS) understands this very well. Career Management Centre (CMC) is the department in ICFAI Business School (IBS) which takes care of the whole procedure and works towards it across the year. CMC team in ICFAI Business School (IBS) interacts constantly with the students which provide further exposure to the students to improve themselves at par with the need of the approaching placement interviews. CMC contributes a great deal in bringing the students face to face with their strengths and weaknesses before the final call and helps them mold themselves accordingly.

ICFAI Business School (IBS) is creating leaders and entrepreneurs for the last three decades and the saga continues. The one-of-its-kind MBA/PGPM program makes IBS a delightful choice and an opportunity to experience two wonderful years of learning.