While I was pursuing my BBA, I had one clear goal in my mind – to pursue an MBA from one of the top Business Schools. The dream became a reality when I received the result that I had cleared the interview and been selected for PGPM at IBS Gurgaon.
The sound of the envelope tearing echoed in my mind till now, as I recall the moment when I opened it, to reveal a letter of congratulations. The fresh fragrance of the crisp white paper still lingers in my nostrils. My heart raced as excitement surged through me when I read ‘CONGRATULATIONS ARSHNEET! YOU HAVE BEEN SELECTED FOR A TWO-YEAR PGPM COURSE AT IBS GURGAON.” I was selected for a top B-School in Delhi, and my elation knew no bounds.
As I held the letter in my shaking hands, a flood of emotions overtook me. At first, I was nervous and uncertain, but as I continued reading, the thrill of the opportunity set in. I was overjoyed, my dreams were finally within reach.
The mere thought of attending one of the best B-Schools in Delhi filled me with a sense of pride and accomplishment. My hard work and dedication had finally paid off, and I couldn’t help but feel a rush of excitement as I envisioned the limitless opportunities that lay ahead.
As I relived the moments of the interview, my mind conjured up images of myself in the classrooms, networking with industry leaders, and honing my skills to become the best version of myself. The thrill of the journey ahead was palpable, and I was eager to embark on this new chapter of my life.
The journey ahead promised to be an exciting one, and I couldn’t wait to embark on it. Every thought was now centered on this new chapter of my life, and the endless possibilities it held. I felt like I was on top of the world, and nothing could bring me down.”
for the first time remains vivid and unforgettable. The lush green campus, state-of-the-art classrooms equipped with the latest technology, cutting-edge computer labs, and an energetic cafeteria all made for a breathtaking first impression.
Since that day, my life has been a rollercoaster of discovery and growth. The rigorous academic schedule, with five days of intensive classes, endless assignments, challenging quizzes, and nerve-wracking presentations, tested me like never before. However, the experience helped me tap into my true potential and unleash my inner strengths.
The first semester for me was a true adventure, with students divided into different sections, each with its own unique faculty member and schedule. The diversity and dynamic atmosphere have an unforgettable learning experience.
But what truly set IBS apart was its case-based learning methodology. My marketing classes with Professor Dr. Vibha Arora were especially memorable. She brought a new case study to the table each and every class, sparking interactive and thought-provoking discussions among students.
Can you imagine being in that classroom, surrounded by peers, a passionate professor, and real-world business scenarios? That’s the kind of dynamic and engaging learning experience I have at IBS Gurgaon.”
Now not only there are ample opportunities to delve into academic subjects, but the campus is also abuzz with a vibrant and diverse array of extracurricular events, from dance and music performances to dramatic productions and more.
One of the defining features of IBS is its diverse student body, drawn from all corners of India. This diversity not only enriches the classroom experience but also lays the foundation for a thriving alumni network that IBS is known for.
Looking back on my time at IBS so far, I am filled with gratitude and a sense of purpose. My journey at IBS Gurgaon has been nothing extraordinary.
From the moment I received the letter of acceptance, I knew that I was embarking on a life-changing experience. The rigorous academic schedule and case-based learning methodology, combined with the diverse and dynamic student body, made a truly memorable learning experience.
The first semester was a rollercoaster of discovery and growth, and I am grateful for the opportunities and learnings that I have received so far. I have had the privilege of being surrounded by passionate professors and peers who have helped me and become my support system. The campus was a bustling hub of extracurricular activities, and the diversity of students from all over the country helped lay the foundation for a thriving alumni network. I am excited for the next 1.5 years of my journey and the challenges and opportunities that await me.
My days at IBS Gurgaon have been more than just attending a business. It has been a transformative journey that has equipped me with the skills, knowledge, and confidence to succeed in the fast-paced world of business. Looking back, I am proud to have been a part of this premier institute and would highly recommend it to anyone looking to take their career to the next level.”
Comment below and let me know how was your first semester at IBS Gurgaon.
ICFAI Business School, also known as IBS is a renowned institute for students who are looking for a good opportunity to seek and learn. A Master of Business Administration (MBA) program can help you prepare for a rewarding career in business. During your program, you study several facets of business and develop leadership, communication, and other skills necessary for professional success. MBA degree programs, whether in-person or online, can be difficult. You’ll be conducting projects, taking tests and exams, and completing other assignments in addition to learning new content and honing your skills.
While the workload for an MBA school may appear daunting, developing strong study habits from the start will assist. Developing solid study habits can help you keep on top of all your work and prepare for examinations and exams. How should an MBA student approach studying in order to succeed and achieve all the necessary goals he or she wants?
Here are some quick study tips for MBA/PGPM students, that will help you succeed in the program:
1. Understand the MBA Program Requirements in Depth
The first step in building study habits is to ensure that you understand all of the criteria for your MBA program. Examine the classes you’ll be taking this semester and plan ahead to see what kind of classes you’ll be taking later. Knowing what kind of material, you’ll be studying might help you design a study plan for the duration of your MBA program. While reviewing requirements, seek information on projects, assignments, and tests for your classes. Knowing what you’ll be studying will help you prepare. If you’re still applying to MBA programs, go through all of the prerequisites, regarding admissions as exams and essays.
2. Understand Your Learning Style
Knowing your learning type might assist you in developing appropriate study habits. Everyone has a unique learning style that makes it easier to grasp new ideas. These various learning styles are based on distinct techniques for learning new content, such as visual, auditory, and kinesthetic. For example, if you are a visual learner, having visual aids to study with can help you prepare for exams and tests in your MBA program. However, if you are more of an aural learner, these visual aids may make it difficult to understand what you are learning.
Visual learners rely on visual aids to learn, whereas auditory learners benefit more from listening to content than seeing it explained in written form, symbols, graphs, or other visible ways. Kinesthetic learners learn by doing, whereas reading and writing learners rely significantly on written material to understand new concepts. Once you’ve determined your learning type, you can modify your study habits accordingly.
3. Create a Study Schedule
Studying infrequently or only when you need to grasp difficult topics will not help you develop effective study habits. Create a consistent study schedule instead of sporadic or random study sessions. How frequently should you study, when should you study, and how long should you study? The answers to these questions vary depending on what you’re studying or whether you have any upcoming exams.
Instead of having one large study session on the weekend, you might prefer to organise small study sessions throughout the week. This keeps the subject fresh in your mind. As you progress through your MBA program and encounter more difficult or complex content, your study sessions may need to become more frequent or slightly longer. When you’ve devised a regular study schedule, write it down and set reminders for yourself so that you can easily keep track of when you’re supposed to study.
4. Create an Effective Study Environment
Set up a decent study place as part of your studies. Having a dedicated study place might help you get into the correct mindset for focusing on homework and studying for examinations. Avoid studying in a high-traffic area of your home, such as the kitchen table, as this can easily distract you. You should also avoid studying in a too comfortable environment, such as on the couch or in your bed. These places can make it all too easy to nod off while attempting to study.
Your ideal study location should be at a desk or table in a peaceful part of your home where you won’t be disturbed. If feasible, have notebooks and other school supplies nearby, as well as a place to set up your laptop or tablet to access notes and assignments. A study place can be created in a home office or bedroom with a desk and chair. Make sure no one in your house bothers you when you’re studying so you can focus.
5. Make Use of Study Apps and Technology
When it comes to developing study habits, technology can be a huge assistance. Study apps and other technological aids might help you build excellent habits. You may use these applications to take notes, remain organized with to-do lists, create timetables, and manage your time more successfully. Study applications and other electronic tools can be used on your phone or tablet, so you’ll always have them with you.
Look into apps for your phone or tablet if you need a convenient way to organize your notes or set up reminders for study group meetings or your solo studying sessions. Having these apps and tech tools on hand will help you save time and mental energy so you can concentrate on your academics.
6. Seek Help from Study Groups
While studying alone might be effective at times, having study groups to turn to can be quite beneficial. Study groups with fellow MBA students can help you learn and understand new concepts and materials as you work through them. If you’re having problems remembering information or understanding a subject, members of your study group may be able to assist you. Studying in a group may help you remember distinct concepts or fully understand new information. You’ll also have the opportunity to help your fellow study group members in this way.
You can meet with study groups on a regular basis during your MBA degree, which is a wonderful choice if you require assistance frequently. You may, however, only use study groups at specified periods during your MBA program, such as when you have approaching exams or tests. The frequency with which you attend study groups is determined by how much assistance you desire or require.
7. Remember the End Goal
It’s easy to lose sight of your goals while you’re focused on developing excellent study habits. Consider the end goal, which is to obtain an MBA so that you can develop a rewarding profession. Remembering your end objective will help you relax while you’re feeling uncomfortable or agitated during your MBA program. Knowing that all of your learning is contributing to the achievement of your goal might help you stay motivated to accomplish your best.
Thus, it is important to remember that developing excellent study habits as an MBA student takes time and effort. Starting these habits as soon as possible can assist ensure that you are ready to employ them when you begin your MBA program. Having these habits will help you do well in all of your classes as you progress through your degree program. Whether you’re studying for an impending exam or working on a project, these study habits can help you stay focused and achieve your objectives.
Let me know in the comments what study tips you follow!
Writing is another powerful way to sharpen the mental saw. Keeping a journal of our thoughts, experiences, insights, and learning promotes mental clarity, exactness, and context.
People say everyone should try to inculcate the habit of writing and journaling. Many do have the habit to note down the few important pointers. But how much do we often journalize our daily activities?
A lot of questions strike one’s mind before starting to write. Why should we do it? What’s the need to do it?
It is important to get the answers to plenty of questions to start a habit that is beneficial for us.
Before moving forward with the importance of maintaining a diary, let’s know what is a diary writing in general.
A diary is a note book to record events, experiences,emotions and learning and express oneself in a way he/she wants.
Why one should maintain a diary?
Some basic reasons to maintain a diary are:
○To be self-aware- By stating the important pointers helps one to be aware of himself/ herself on a personal level.
○To set written goals- Writing down your goals and targets, gives them a permanence , reminding you, again and again, to work on them.
○To improve writing skills – The habit of noting your important things down in a diary helps one to improve his/her writing skills in a much more productive way.
○For better time management- Listing down the important events helps to create a to-do list which eventually helps the student to create a priority and work accordingly.
○To keep a thought tracker- If a person forgets something, he/she is highly advised to maintain a diary and note down his/her things in it so that if he/she misses out something can go and check out his diary, helping him/her complete all the tasks on time.
○To keep a note of learning – If you are a student, then maintaining a diary is highly recommended. Why? Because as a student, every day comes with new learning, and noting it down in a diary helps to memorize those learning for the long term permanently. Memorizing these learning for the long term surely helps the students in the implementation of them in their life whenever required or needed.
○To inculcate the habit of practicing – It is said, the best way to get better at something is to practice it regularly. Maintaining or writing a diary allows one to focus on your writing without the fear of missing out on anything.
Let’s understand this by diving into my personal experience:
If I go by my own story, I love writing and try to maintain a diary regularly. For me, the diary is my best friend. The habit of maintaining a diary has helped me to hone up the prowess to remember and record my daily experiences. With this habit, I have gained a hands-on enhancement in my communication skills and build a strong vocabulary. As an MBA student, I am doing my Summer Internship provided by IBS Gurgaon from my chosen organization . For a fresher internship is the crucial juncture in the journey towards the corporate dream. Every day at the organization brings lots of learning,excitement and opportunities for learning and it is very crucial to remember all these for future references and for facing final placement. Which itself is a daunting task as we tend to forget the details in the process. However for me, it is quite an interesting task and pretty easy to remember because of my habit of maintaining a DIARY. The habit of maintaining a diary also helps to further improve my writing skills on both personal and professional levels.
Every day I try to make a to-do list and note all my day’s learning in the diary. During my ongoing internship , I am continuing my habit of maintaining a record of everything in my diary which in return will surely help me in getting the most at the end of the internship.
Every day at the Summer Internship Program in itself is a crucial one to learn and up- skill one’s knowledge. And to be regular with it, everyday journaling in a diary is important.
It is clearly enliven that journaling as a hobby, one doesn’t need any specific skill or ability. So my friend , what is stopping you?
Grab a diary and start noting your important events in it.
Have you ever realized how important role your personality plays in determining your future?
Numerous studies and polls revealed that our personalities primarily determine our success.
The phrase “personality” refers to a collection of your characteristics, habits, thought, patterns of behavior, and emotions.
This brings us to the reason why personality development is given such an eminent space in the whole skills development and training processes everywhere.
Personality development is a means that stays you ahead of others at the workplace and you surely outshine them. I want to work in the corporate environment where it’s all the more important to have a flexible personality with teamwork, co-ordination, and multitasking skills, among the other desirable skills.
As you know, educational institutions plays a pivotal role in developing a person’s personality.As a humanities student who wanted to work in corporate, I need to develop a personality suitable for the same. Like everyone else, I too went to high school and college, which helped me develop my personality by providing a platform to interact with a diverse population from varied cultures .
So, I started looking for the best institute and management courses to improve my knowledge and prepare me for a successful career in Corporate. Fortunately, the ICFAI Business School shortlisted me after me going through the admissions procedure.
I’ve been a member of this institute for over a year now. And, I can firmly state that what I was promised before admission and what I experienced are identical.
With a focus on student growth across all possible elements, this institution recently celebrated 25 years of excellence in education . In addition to traditional classroom instruction, ICFAI Business School’s pedagogy includes various extra-curricular and developmental activities that can generally be divided into academic and non-academic/extra-curricular activities that foster personality development.
I have observed a gamut of academic events and activities as either a participant or an audience member at ICFAI Business School .These activities comprise different events such as:
Alumni Mentoring Session
Since the commencement of the new session, the institute has conducted alumni mentoring sessions regularly because alumni undergo the same process of development that we need to pass on.
I have attended these sessions, and they are helping us comprehend the essential demands of the market in the present and direct our efforts in that direction.
Cells and Clubs Event
The ICFAI Business School offers numerous clubs with names corresponding to various domains, such as the Marketing and Finance and HR Clubs. Moreover, the cells belong to different segments such as Social Security Cell, Cell for Institutional Building Activities, Cell for Alumni Relations, etc.
I am also an active member of the People Manager Club and the Digital Marketing Cell. The numerous events and activities within these clubs and cells allow every member to develop various management skills like planning, executing and organizing.
The panel discussions play a significant role in developing a student’s personality. It has a topic on which eminent expert participants gracefully express their opinions.
I have attended a panel discussion on Monetary Policies and their relevance to Indian Economy.
This institute invites industry professionals with extensive experience and a foundational understanding of business. These forward-thinking professionals answered the students’ quarries and informed them of the actual operations of a business.
I attended these lectures as an audience and questioned the speakers to received the satisfactory answers to my queries on the subject.
I have participated in workshops on case studies, soft skills, the basics of various applications, etc.
Thanks to these workshops as they taught me new ideas and improved my ability to assimilate them.
These academic activities are a way to spread awareness and knowledge effectively and efficiently.
Further , let’s move on to the section that discusses extra-curricular/non-academic activities, such as:
I participated in various competitions that the ICFAI Business School’s inter-college competition organized, and I was lucky to be ranked in the top three in most. However, each activity offers a unique experience that helps me build my personality, irrespective of the outcome.
The annual fest is the most awaited event for every student at the Institute. The annual fest offers inter college competition and events ranges from academic to cultural events.I also participated in some of them and got awards in few . This fest was a memory for me as I was a member of the organizing team, and this experience gave me many learning takeaways.
India is the land of festivals, and each one of them has a special meaning and essence of its own. The festivities celebrated at campus bring the fervor of joy, jubiliance and gusto all over .The festivals also teach us skills, including time management, co-ordination, and event management.
The ICFAI Business School makes regular industrial trips to the FMCG, medical, manufacturing, and service industries as part of Industrial Trips.
I went to various industries and saw closely how manufacturing takes place and multiple processes and operations of large scale industries are carried out, which gave me a close and deeper understanding Industry functions.
The inter-Class competitions are a component of the personality development program since they allow you to express yourself and use your exceptional abilities.
These are the activities and events that I have taken part in and from which I have learned various lessons on organizing, preparing, and carrying out an action to achieve success.all these activities bring a class as a group closer and be competitive and creative to stay ahead.
The saying “Rome was not built in a day” – John Heywood, is true and it so aptly can be applied to a student’s life , developing personality takes time. Every person’s fundamental nature can be improved and enhanced through time and experiences he/she go through.This change is subtle yet sure.The ICFAI Business School tries to help its students grow by offering a huge rainbow of opportunities. It always endeavour to go above and beyond to offer its’ students to have a closer interaction and experience with the corporate culture. The institute facilitates an environment to witness the change in your personality.
Overall, ICFAI Business School helped refine my personality and prepare me for the professional world.
A group discussion is mostly used to screen applicants, particularly for educational institutions and entry-level positions. The general discussion (GD) round evaluates candidates based on their speaking, communication skills, ideas, and personalities. It shows the candidate’s capacity for interaction and performance in a large group.
A topic is allotted to the candidates on which they have to speak for a fixed duration of time. Before the GD round commences, the candidates are given a few minutes for preparation and to consolidate their ideas on the topic.
The GD topics revolve around current affairs, business, economy, and other abstract themes. However current affairs make up the majority of the topics, and the finest resources for preparation are newspapers and magazines. Therefore, it is important to read magazines and newspapers regularly in order to be informed about current events.
Newspapers and periodicals will undoubtedly provide you with profound knowledge, but having knowledge be enough to get you selected for the group discussion round?
The answer is “NO”.
In addition to knowledge, the GD is dependent on a number of other crucial factors. And it is quite challenging to influence other candidates without them.
Here are a few of those key points:
Attitude toward other candidates
Interaction with the group
One must engage in peer-to-peer GD practice in order to have a full grasp of all of the above elements.
To move on to the personal interview round, one must clear the GD first. And while appearing for the GD, a candidate needs to focus on a couple of the points listed below in order to pass it:
Give everyone a fair chance to speak: In the GD round, not only your speaking skills are evaluated but also your listening skills. So, you should not only speak but also let others speak.
Listen actively to all the other member’s opinions: To evaluate the points you have kept forward; you should listen to others also. It can also be the case that the other person’s points are stronger than yours. Therefore, actively listening to others’ points will help you in adding to your points.
Avoid using offensive language: GD round is meant for keeping your views in the discussion. However, it is never appropriate to communicate in an offensive manner, the opinions might be different.
Try to initiate the discussion: One should always try to initiate the discussion. But this initiative should only be taken when you are well aware of the topic. Because a poor start can also reduce your chances of being chosen.
Be confident: Always appear like you are well-prepared, unnerved, and capable of handling any situation.
Always maintain eye contact: Maintaining eye contact with the team members will speak of your confidence.
Allow other team members to speak: Never interrupt anyone speaking. Write down the point you have and speak out when the person finishes. You may use the phrases like, ‘To add on to your point’, ‘ I also agree to the point….’, ‘I have a different viewpoint…’ etc.
Involve other members too: For members who are not involved in the conversation or not getting a chance, try to involve them. This will show your leadership qualities.
Keep the discussion on track: If members are diverging from the topic, remind them of what they have to discuss, and bring them back on track. This will show that you have the power to lead the team, and how focused you are.
Speak sensibly and only as much as required: Do not speak unnecessarily or go in depth about the topic than required just for increasing your speaking time.
Summarize the GD: Once all the points are covered, one should always summarize the GD in the end by clubbing all other members’ opinions.
During GD, a candidate may ask the other candidate a question if he doesn’t understand any of the points, and this way he can even smoothly enter into the conversation.
Keep in mind that this is a conversation, not a monologue. If you don’t understand something, you can clarify and ask questions.
Example: ‘Hey, it seems quite intriguing. Could you provide an example?’
Can you elaborate a little more on your point?
This will give the impression to the person evaluating you that you are actively participating in the GD while you are also gathering information on the subject.
GD is not just about how much you know about the topic. It’s a situation that candidates are put in. It is more about how each candidate responds to the situation. Does he have the ability to come out as a winner even in difficult circumstances? That is what is more important.
Last, but not least, the important point is to PRACTICE. You may practice for different topics along with your peers. The more you practice, the more confident you will become.
College entrepreneurship is starting and running a business venture while attending college or university. It involves developing a product or service, creating a business plan, securing funding, and marketing the venture. The idea of college entrepreneurship has grown in popularity in recent years as more students look to get valuable real-world experience and possibly begin lucrative entrepreneurial jobs after graduation.
Many successful entrepreneurs, such as Mark Zuckerberg, Steve Jobs, and Bill Gates, started their businesses while still in college. By establishing a business while studying in college, students can build a strong foundation for future careers as entrepreneurs. They can develop a network of contacts, gain valuable experience, and potentially secure funding for future ventures.
BENEFITS OF BEING A COLLEGE ENTREPRENEUR
One of the considerable advantages of being a college entrepreneur is access to a range of resources and support services. Many universities and colleges have entrepreneurship centers, accelerators, and incubators to support student entrepreneurs. Together with funds and resources, including office space, equipment, legal counsel, and networking possibilities, these centers frequently offer mentoring, training, and mentoring opportunities.
The primary benefit of college entrepreneurship is the opportunity to gain valuable real-world experience. Starting a business venture in college allows students to apply the theoretical knowledge that they have gained in the classroom to real-world situations. This experience can be invaluable for students interested in pursuing a career in entrepreneurship after graduation. By starting a business during college, students can learn the practical skills they need to succeed in the business world, such as marketing, management, and financial management.
Another benefit of college entrepreneurship is the opportunity to develop skills in leadership and management. Starting and running a business venture requires strong leadership and management skills. Students who start a business during college can develop these skills by managing a team, making important business decisions, and solving problems on a day-to-day basis. These skills are highly transferable and are beneficial in a variety of careers.
Making the most of these resources requires being proactive. Attend workshops and events hosted by your university’s entrepreneurship center, and network with other student entrepreneurs to share ideas and learn from each other’s experiences. Don’t be afraid to reach out to mentors and advisors for guidance and take advantage of any funding opportunities available.
CHALLENGES TO OVERCOME
College entrepreneurship offers several benefits. However, it also comes with numerous challenges and risks that you will need to navigate.
One of the biggest challenges is balancing your academic workload with the demands of running a business. It is sometimes hard to find the time and energy to juggle coursework, exams, and assignments with the day-to-day responsibilities of running a business.
To overcome this, one must efficiently manage their time and be professional. Establish specific objectives for both your academic work and your business, and then break each one down into achievable tasks. Use tools such as calendars and a to-do list to keep track of your commitments and deadlines, and make sure to schedule regular breaks to avoid burnout.
Another challenge of college entrepreneurship is the risk of failure. Starting a business venture always comes with the risk of foundering, and it can be high for college entrepreneurs who may not have the same level of experience or resources as more established entrepreneurs. Failure can be particularly devastating for college entrepreneurs, as it can affect their academic performance and their future career prospects.
One challenge that college entrepreneurs often face is accessing funding and resources. It will be challenging to obtain funding or business collaborations without a strong track record or network. However, there are still ways to access funding and resources, such as crowdfunding, grants, and competitions.
Crowdfunding platforms such as Kickstarter and Indiegogo can be a great way to raise money for your business, as they allow you to pitch your idea to a large audience and raise funds from individual backers. Grant programs such as the National Science Foundation’s Small Business Innovation Research (SBIR) program or the U.S. Department of Education’s Small Business Innovation Research (SBIR) program can provide funding and support for research and development projects.
Competitions and pitch events can also be a great way to gain exposure for your business and access funding and resources. Many universities and colleges host pitch competitions and startup weekends, and there is also a range of national and international competitions that you can enter.
Many universities and colleges have entrepreneurship centers, accelerators, and incubators to support student entrepreneurs. These centers often provide mentoring, training, networking opportunities, and access to funding and resources such as office space, equipment, and legal and financial advice. One of these management colleges is IBS.
IBS offers numerous opportunities to its students to develop entrepreneurial skills. Entrepreneurship Development Cell (ED-Cell) is an initiative by the college to foster the spirit of entrepreneurship among students. It is a cell that gives a platform for students to learn, explore and execute their ideas, develop business acumen, and cultivate an entrepreneurial mindset. ED-Cell at a college plays a vital role in shaping the future of its students by providing them with an opportunity to learn and grow as entrepreneurs.
Here are some pillar aspects of an ED-Cell at IBS Gurgaon: E-Cell offers a mentoring program where experienced entrepreneurs, industry professionals, and college alum guide students on various aspects of entrepreneurship like idea validation, business planning, funding, and marketing.
E-Cell organizes workshops, seminars, and events to educate students on the latest trends and technologies in entrepreneurship. These events provide a platform for students to interact with industry experts, share their ideas, and learn from their experiences.
ED-Cell organizes competitions and challenges to encourage students to think creatively and find innovative business ideas. These competitions not only provide students with an opportunity to showcase their skills but also offer a chance to win prizes.
ED-Cell organizes competitions and challenges to encourage students to think creatively and find innovative business ideas. These competitions not only provide students with an opportunity to showcase their skills but also offer a chance to win prizes.
ED-Cell offers various skill development programs that equip students with the necessary skills to become successful entrepreneurs. These programs include communication skills, negotiation skills, leadership skills, and time management skills
ED-Cell also organizes outreach programs to promote entrepreneurship in the local community. These programs can include training sessions, mentorship, and networking events for aspiring entrepreneurs.
Ultimately, being a college entrepreneur requires a lot of hard work and dedication, but it can also be an incredibly enriching experience. By taking advantage of the resources and support available, prioritizing your time effectively, and staying focused on your goals, you can build a successful business while still pursuing your academic studies.
ED-Cell at IBS is an excellent platform for students to explore their entrepreneurial aspirations, learn from experienced entrepreneurs, and connect with like-minded peers who share their passion for entrepreneurship. It is a valuable initiative that provides students with a platform to learn, explore and execute their ideas. ED-Cell has played a significant role in shaping the future of many successful entrepreneurs and will continue to do so.
Business education has evolved significantly, and the digital age has changed how business schools approach teaching and learning. With the increasing reliance on technology in the business world, it has become imperative for business schools to adapt their curriculum and teaching methods to prepare students for the dynamic and ever-changing landscape of the digital age and for succeeding in the corporate world, staying up-to-date and relevant, has become more crucial than ever.
Many organizations and businesses have quickly adapted to the digital mode during the Covid epidemic. The ICFAI Business School (IBS) is one organization that promptly transitioned to digital mediums through a Learning Management System (LMS), one being Quicforce.
The Quicforce provides a platform for students to access study materials in a structured way. This met the urgent requirement and allowed students to continue their studies regardless of the situation. But this transition to digitization is more than just a band-aid for a short-term issue. Digital transformation is a trend that has created a viral buzz during the Pandemic. Due to its numerous advantages and benefits, businesses and educational institutions must follow the digital trend because:
Digitization makes things more flexible and accessible. Students now have 24/7 access to educational materials, thanks to digital platforms. This implies that education is now available to pupils even when they are not physically present in a classroom. This gives new opportunities to students who may need access to higher education.
It increases efficiency. Businesses and educational institutions may automate numerous procedures with digital platforms. This makes resources available for other projects, such as research and development or enhancing the learning environment.
Digitalization fosters more extraordinary invention and creativity. Businesses and educational institutions can experiment with new technology and ideas on digital platforms, iterate quickly, and then build upon them. This makes it possible for even more fantastic invention and creativity, which results in new goods, services, and business strategies.
The advantages of digitization have been embraced by Quicforce, which continues to provide its students with lots of tools and chances to excel in the corporate world. Students can access various resources via its digital platform, including online courses, e-books, and webinars. Also, students can message their respective faculty members for any kind of query.
This helps students to stay up-to-date with the latest trends and advances in the business world and build the skills and knowledge necessary for success.
The other digital medium, IBS, uses is Student Information System (SIS), A student information system (SIS) software that helps educational institutions handle information about their students, including grades, attendance, and other administrative responsibilities.
Students at IBS can access various essential data related to their academics, which include:
assessment scores for each topic,
registration status for each semester,
faculty members assigned to each subject, and
cumulative grade point average (CGPA).
Business schools must incorporate technology into their curriculum to equip students for this demand. An excellent example of how technology can improve the educational experience is using a System Information System like the one used by IBS.
Using SIS has many advantages, one of which is increased effectiveness. Paper records and spreadsheets are two standard traditional student data management techniques, which can be time-consuming and error-prone.
With SIS, faculty members can quickly enter and retrieve data, and students may access their information in real-time. This simplified data management method allows faculty members to track information regarding student attendance and other related information.
Another benefit of adopting SIS is better access to information. As long as they have an internet connection, students can access their grades, attendance history, and other information from anywhere. As a result, students may keep track of their development and make educated choices regarding their academic careers. Faculty members have easy access to student data, which enables them to give students prompt comments and help.
To be better equipped with the corporate world and their insights, IBS has a separate portal for case studies, Case Research Centre (ibscases.org) where IBS students can log in and access the various case studies according to the specific subjects.
For business students who want to learn more about the opportunities and problems faced by real-world businesses, the IBS case study portal is an invaluable tool. Students can access various case studies of some of the most well-known companies in the world through the platform, including Amazon, Airbnb, Starbucks, Alphabet, and Infosys, according to the subjects they are studying in a particular semester.
Each case study thoroughly examines a genuine business opportunity or difficulty, as well as comments and advice from industry professionals. Reading and reviewing these case studies can give students more profound knowledge of the real-world ideas influencing corporate strategy.
The IBS case study site closes the knowledge gap between theoretical concepts and real-world business by giving students access to these case studies. It helps prepare students for the future of work in the digital age by giving them a valuable and exciting way to learn about the opportunities and difficulties businesses face and develop critical thinking and problem-solving skills.
Business education has undergone a massive transformation with the advent of the digital age. IBS Gurgaon business school is leading the way in providing its students with the latest tools and techniques to stay ahead. The college recognizes that it cannot rely solely on traditional teaching methods and has adopted a more innovative approach by offering online certification courses from industry leaders.
One of the most sought-after fields in today’s world is Analytics, and IBS Gurgaon understands the demand for this skill set in the business world. Therefore, it provides students with online certification courses from industry leaders in the Analytics field such as
Certification course in Data Analytics by Henry Harvin, and
Certification course in Business Analysis for Decision Making by FOREVISION Academy, etc.
This allows students to gain practical knowledge and skills in high demand in the job market. By offering such courses, IBS Gurgaon ensures its students have the latest skills and expertise to help them succeed in the digital age.
IBS is helping its students through the above portals, keeping themselves updated towards digitalization, and trying to enhance their learning and convenience, which can result in better communication with the students. Students can make the best of it.
The Digital Marketing cell at IBS Gurgaon has been actively creating and sharing content on various social media platforms, including LinkedIn, Twitter, Facebook, YouTube, and Instagram. By leveraging the power of digital platforms, they have reached a wider audience, engaged with potential students, and promoted the school’s programs and initiatives. This is a clear example of how digitalization has transformed business education and how embracing it can benefit businesses and institutions.
In conclusion, the digital age has substantially changed the business world. Business education is now more crucial than ever to keep up with these developments to best prepare students for the future workplace.
There is a need for a more dynamic and inventive approach to business education that embraces technology and teaches skills like digital literacy, data analysis, and problem-solving. There needs to be more than the traditional approach to business education.
The goal of business education in the digital age is to equip students with the skills they need to succeed in a quickly evolving, technologically advanced business environment. It should give them the abilities and information necessary to successfully traverse the challenges of the digital age and rise to the position of leaders in their areas.
An internship along with professional training also provides practical learning implications that help students gain experience and knowledge related to the field of study or career interest.
Now, what is SIP?
SIP is a Summer Internship Program with a duration of 14 weeks offered by all 9 campuses of ICFAI Business School. It starts in February and ends in May. It is mandatory for all the students as a part of their PGPM/MBA program. IBS provides an opportunity for interested students to apply for as many companies as they want to apply for their SIP and gives them a chance to choose among the various companies.
SIP is considered to be the most crucial decision for all students. It helps a student to gain exposure and ample knowledge about the industry and how corporate works. It also helps the students practically learn about the domain in which they want to pursue their careers.
Internships not only provide experience but are also a fruitful source of connections and acknowledgment regarding the working environment and people working there.
At IBS, since the start of the second-semester students are brushed up with all the requirements to get ready for SIP.
How to appear for an interview?
How to carry yourself?
What to say and what to avoid in an interview?
What type of questions could be asked in an interview?
IBS provides its students with the best source of learning. Students are prepared for every step. With great enthusiasm and energy, every student with great excitement starts their preparation for the same.
Seniors become a great source for gaining knowledge from their experience, which eventually helps juniors gain insights about their SIPs. Many companies come for SIP to offer students with differential roles. These companies with their code of conduct, organize their selection process at various stages for interested students.
A proper briefing is being given to all the students regarding the whole SIP process from the start till it ends.
This briefing is conducted by the Summer Internship Program Cell, wherein the students are briefed about the whole process by the Senior Director. During the SIP, every student is appointed one faculty guide and one company guide to acknowledge the work of the students performing under them.
Students are prepared with the required skills like:
1. Communication Skills
It is one of the most important and required skill sets in each domain. Great communication power brings along a lot of excellence in the area of accuracy and timely delivery of information in the best possible manner. The ability to communicate effectively is certainly one of the most important skills one should possess to make the flow of information
2. Organizational Skills
Organizing is a technique of scheduling things in a straight line in the order of priority. With this skill, it becomes easy to process things on time and deliver the highest quality output.
The one who initiates gets the opportunity first. This trait helps an individual become independent in the decision-making process and also helps in the right implication at right time.
4. Adaptability and Flexibility
With different working environments provided by different organizations, adaptability has become one of the major factors one should indulge in. This helps in smooth working for an individual. This also develops flexibility.
5. Problem-solving and Decision-Making Ability
With appropriate leadership skills come problem-solving skills. Initially, the identification of the problem is the biggest task followed by the solution to be incorporated. The efficient implication of the solution is done only with effective decision-making ability. Not only in corporate but at every stage, it is important to have a strong hand in problem-solving and decision-making ability.
6. Interpersonal Skills
It includes soft skills, teamwork, good communication skills, collaborative working ability, leadership skills, and many more. These help in upscaling oneself.
Curiosity helps in taking initiative at every possible stage. This helps in building a sense of interest in accomplishing the desired goals increasing the efficiency of an individual.
8. Planning and Prioritising Skills
Better planning and proper prioritizing of important things increase productivity, efficiency, impact, and organization.
Better planning comes with proper time management. It avoids stress management and helps in achieving success.
When given conflicting situations or several tasks all with a high priority and less time, proper prioritizing plays an important role.
9. Critical Thinking
In an organization, critical thinking often differs from the working environment of different organizations. Critical thinking goes hand in hand with making good decisions and being well-informed about all the possibilities. It prepares you to answer difficult questions, equips you to back up your reasoning with adequate proof, and your ability to view issues from all perspectives.
Not just honesty is a part of integrity, but ethical working and a sense of accountability also fall under it. Committing mistakes is still OK, but hiding them is not. As humans we tend to make mistakes and accepting them is the best inherent integral value one should possess.
At IBS, it is such a good environment provided to students that they can freely ask their queries related to anything which helps them make better decisions, build a strong base for communication eventually inculcate leadership qualities that help in planning more efficiently, and work more effectively, making the most out of it.
In the end, we can say that this becomes the start of students’ corporate journey and the exposure that student gets at their SIP stays with them forever like remarkable learning.
For management students, a summer internship is a fantastic learning opportunity. It gives you the chance to put what you’ve learned into practice, test your theories, and hone your professional and interpersonal abilities in a practical situation. You’ll be able to stand out from other applicants using this. A terrific professional and social experience can be had through an internship. There is no other method to learn how to effectively lead others and collaborate with a team. A summer internship is crucial for an MBA for this fundamental reason. A summer internship program is a perfect opportunity to explore career options and grow personally while immersing yourself in new experiences and exploring new places with friends.
The importance of Summer Internship Programs is listed below:
Networking: Internships are a great way to network with people in your industry. If you’re living and working with people in your field, you’re bound to make lasting connections that can help you in the future. That connection could be your next job or even a lifelong friend! Whether you’re working directly with an executive in your industry or with someone who works for them, you’ll have an insider view of the industry that no one else will have. This insider view can give you an edge when it comes time to apply for jobs because you have connections that others don’t have. Even if you don’t meet the CEO, you’ll still be working with people in your industry who can help you get jobs in the future and make lasting connections.
Builds your resume: A summer internship can be a great way to build your resume. Depending on the company or industry you choose to intern with, you may be able to add that experience to your resume and get hired by your mentor company after graduation. Depending on the internship, you may be able to add it to your resume as paid or unpaid experience. It’s helpful to find an internship that is related to your field of study so that you can use your experience to help in landing a job after your higher studies. Remember to keep track of all the skills you develop throughout your internship. It doesn’t matter whether your internship is paid or unpaid, this phase in a management student’s career is considered the learning phase, during which he/she can apply the theoretical concepts in real life scenarios.
Better job prospects: If you’re pursuing a summer internship program that is related to your major, you may be able to use your internship to help you find a job after your higher studies. For example, if you’re pursuing a degree in journalism, you could intern at a newspaper or magazine. If you’re pursuing an internship in the field you plan to go into, it can be much easier to find a job after your higher studies. Employers are often inclined to hire people who have worked in their industry because they can bring their knowledge from the internship into the company.
Discover your likes and dislikes: A great thing about internships is that it can help you discover what you like and don’t like about a certain career field. For example, if you intern with a magazine and realize that you don’t enjoy writing for magazines as much as you thought you did, you can explore other career paths. If you don’t enjoy what you’re doing, there’s no point in pursuing a career in that field. It’s a good idea to pursue a summer internship program in a field that you’re interested in so that you can discover whether or not it’s right for you.
An opportunity to work with smart and talented people: You may find working at a company where employees are eager to arrive every day invigorating and enjoyable if you are able to thrive off of ambient energy. You’ll likely have a more enjoyable experience and be more likely to seek out a similar workplace culture in the future if you seek out an internship at a firm where people are enthusiastic about what they do.
Access to mentors: While choosing a profession, it’s critical to have mentors who can guide you through the professional environment. Seek out workplaces that offer an infrastructure for interns to meet senior executives. Not only will this increase your exposure inside the firm, but you will also learn from people who have been working in the business or industry with expert-level knowledge.
Validating theoretical knowledge: By putting what you’ve learned to the test, you can confirm your interest in the sector you’ve chosen. Consider whether you could see yourself doing this for the long term and seize the chance to investigate various career options within your field of expertise. The chance to experience a potential professional path without having to commit to it long-term is provided by internships. Use this opportunity to better grasp what you enjoy doing.
A kick start to earning: Money shouldn’t be the sole consideration while selecting an internship, but it should be kept in mind, especially if you depend on it for support during the academic year or the summer.
ICFAI Business School is one of the fastest growing B-Schools in the country and offers an elaborative 14-week Summer Internship Program that assists the students in developing skills that the recruiters look for in a candidate. Furthermore, a 14-week long period also makes a student habitual of the industry dynamics.
Gaining experience in the workforce before entering the corporate world after graduation is crucial, but you also want to be sure that the internship you select will be advantageous to you in multiple ways. You’ll locate the ideal internship by using these suggestions.
Have you wondered how the world would have been if we didn’t accept the changes and didn’t have to change ourselves with the latest skills?
As an entrepreneur, a new change has emerged, i.e., creating your start-up where you can operate the business in the market according to your terms and conditions. Where you didn’t need someone, who would be overseeing you, or you worked under someone whose synergy didn’t match with your options.
First of all, what is Entrepreneurship?
Entrepreneurship is starting and running a business, typically involving risk-taking and innovation. It consists in identifying a market opportunity, developing a product or service to meet that need, and building a team to bring the idea to fruition. Successful entrepreneurship requires combining skills, creativity, problem-solving, financial management, and salesmanship. Many entrepreneurs desire to be their boss, create something new and innovative, and positively impact the world.
There are four types of entrepreneurships generally in the market:
Social Entrepreneurship: This type of entrepreneurship involves using business strategies to solve social and environmental issues. Examples range from education start-ups to microfinance institutions.
Small Business Entrepreneurship: This type of entrepreneurship involves a single individual who owns and operates the business. Examples can be as diverse as your local electrician or the store next door.
Large Business Entrepreneurship: These are the entrepreneurial behemoths that have developed into full-blown companies that operate on a large scale. Think Amazon and Google.
Scalable Start-up Entrepreneurship: These are the start-ups in tech hotspots around the globe; they start small and quickly seek to scale up their operations with rapid innovation and global funding. Examples are the social networking sites that started small and rapidly grew.
You nowadays must hear the buzz about entrepreneurship, that many young entrepreneurs are starting their businesses, so why is there a buzz about entrepreneurs?
There has been a buzz about entrepreneurship in recent years because people are seen this as an opportunity to take control of their careers and create new paths for themselves. Starting a business allows individuals to be their boss, set their schedule, and pursue their passions. In addition, entrepreneurship can be an attractive option for those who want to positively impact the world by creating innovative products or services that solve problems or meet unmet needs.
There has also been a trend towards valuing the qualities that entrepreneurs possess, such as innovation, risk-taking, and adaptability, which can be helpful in any career. Finally, the rise of technology has made it easier for people to start and run a business, contributing to the buzz around entrepreneurship.
One question that may arise here is the importance of entrepreneurship and why one should think about becoming an entrepreneur and start its journey when there is a lot of uncertainty.
Entrepreneurship is essential to any economy because it can drive innovation, create jobs, and stimulate economic growth. Entrepreneurs are individuals who take risks to start and run their businesses, and they play a crucial role in the development and success of a community or region.
Here are some specific reasons why entrepreneurship is essential:
Innovation: Entrepreneurs are often at the forefront of new ideas and innovations, which can lead to developing new products and services that can improve people’s lives and solve problems.
Job creation: small businesses, which are often started and run by entrepreneurs, are a significant source of employment in many countries. By starting and running a business, entrepreneurs create jobs for themselves and others, which can help reduce unemployment and stimulate economic growth.
Economic growth: Entrepreneurs contribute to economic growth by starting and growing their businesses, leading to increased production and consumption and tax revenue for governments.
Overall, entrepreneurship is vital in driving innovation, creating jobs, and promoting economic growth, which is why it is a crucial aspect of any economy.
Contribution of Startups to the Indian Economy
Domestic startups closed investment deals close to $12 billion in Q1 2022, and India zoomed ahead to become the world’s third-largest startup ecosystem. Startups are flourishing, and the pace from prototype to market has accelerated impressively. Another barometer of the spectacular success of the startup sector in India is that it currently had over 100 new unicorns (A unicorn company refers to a startup or a private company with a valuation exceeding $ 1 billion) in 2022. One unicorn has been added every five days within the first two months of 2022.
Fintech, EdTech, HealthTech, cleantech, B2B SaaS, e-commerce, MediaTech, Agritech, FoodTech, artificial intelligence, nanotechnology, SpaceTech, web3 technologies, and more influence business and lives in a big way. And there can be no disputing the impact of startups on the Indian economy. It is a clutch of startups that would fuel India’s forward march to becoming the third-largest economy in the world.
The startups have scaled up quickly, impacting more jobs across all work levels. Indian SaaS (software as a company) companies are expected to make half a million new jobs by 2030, the travel and hospitality industry 52.3 million jobs by 2028, and the FoodTech industry 9 million jobs by 2024.
Some famous startups in India are Flipkart, Unacademy, Byju, Oyo, Ola, Zomato, Mamaearth, Boat, Lenskart, Cars24, Sugar, Emcure, BhartPe, etc. Apart from these famous startups, some have become a unicorn: Flipkart, BhartPe, Dream11, PhonePe, CoinDcx, Nykaa, etc., mainly these startups are in each sector where they are catering to consumer needs.
The startups significantly contribute to management school by providing students with real-world experience and practical knowledge. Through internships, case studies, and guest lectures, startups can help students apply the theories and concepts learned in the classroom to actual business situations.
Additionally, startups can provide valuable networking opportunities for students, as they often have strong connections with industry leaders and other entrepreneurs. This can help students make connections and gain valuable insights into the business.
Startups can also contribute to developing new curricula and programs within management schools. By providing input on the skills and knowledge that are most relevant and valuable in today’s business environment, startups can help ensure that students are learning the most current and relevant information.
Overall, startups can play a crucial role in helping management schools prepare students for success in the business world.
How is ICFAI Business School contributing towards catering to the needs of the new India as a startup hub?
The Innovation & Entrepreneurship Council (IIEC) at the IFHE is a research and training center that promotes innovation and entrepreneurship. The curriculum offered by the IIEC covers various aspects of innovation and entrepreneurship, including product development, business model design, market validation, funding strategies, and legal and regulatory issues.
The courses offered by the IIEC are designed to provide students with a comprehensive understanding of the innovation and entrepreneurship process and to equip them with the necessary skills and knowledge to bring their ideas to life.
The curriculum comprises multiple weeks of assignments that must be completed to complete the milestone and can go to the following milestones:
Problem Identification and Opportunity Discovery
Customers and Market
Create a Compelling Preposition
Build your MVP
Go to Market Strategy
Managing Growth and Targeting Scale
Milestone 4- Pitch Desk Presentation
Above is the program’s curriculum, and each student has to undergo these stages in chronological order to reach the final milestone.
The IIEC also provides students opportunities to work on real-world projects and interact with successful entrepreneurs and innovation experts. Through its collaboration with industry, government, and academic partners, the IIEC provides students with access to a wide range of resources, networks, and experiences that can help them build successful careers as innovators and entrepreneurs.
In addition to its academic programs, the IIEC hosts several events and activities that promote entrepreneurship and innovation, including
Through these activities, the IIEC fosters a culture of innovation and entrepreneurship and supports the development of the next generation of entrepreneurs and innovators.
The two programs that IIEC runs are namely:
1. IIEC- ANVIKSHANA (Pre-Incubation)
Jointly conducted by IIEC and Wadhwani Foundation and is powered by the highly acclaimed NEN-Ignite program curriculum.
It runs for 14 weeks.
Online Classes on weekends.
2. IIEC- UDVIKAASA is the same as Anvikshana, but the only change here is for anyone with a good idea, a proof of concept, and a product with a pilot customer base.
(The Wadhwani Foundation is a non-profit organization founded by Romesh Wadhwani in 2000. The foundation’s mission is to accelerate economic development in emerging economies by fostering entrepreneurship and innovation; it achieves its mission through various programs and initiatives, including incubators and accelerators for startups, training programs for entrepreneurs, and policy advocacy. The Wadhwani Foundation is headquartered in Silicon Valley and has offices in several countries worldwide.)
The fees for the 14-week IGNITE program is Rs. 1000 for student innovators and INR 2500 for non-student innovators. This fee includes access to the material, a one-to-one mentoring session with the program manager, live online workshops, and mentoring sessions with industry leaders.
The IBS Gurgaon emphasizes entrepreneurship, and with the focus on young budding entrepreneurs, there is a cell also where young entrepreneurs learn new insights about the entrepreneur world.
Every year, the Entrepreneurship Development Cell (EDC) of IBS Gurgaon organizes the ‘Campus Entrepreneur’ event where students become entrepreneurs and do the planning, organizing, directing for their ideas, and selling of their products to the audience. Through this event, participants generate a gist of entrepreneurship and what it is all about by tapping into entrepreneurs’ shoes and managing their ideas.
Entrepreneurship has seen a significant rise in India in recent years. This trend is driven by various factors, including the growth of the Indian economy, the increasing availability of funding and support for startups, and the government’s efforts to promote entrepreneurship and innovation.
Several key trends are driving the entrepreneurship wave in India. These include:
Digitalization: The growth of the internet and the increasing use of digital technologies in India have created new opportunities for entrepreneurs to start and grow their businesses.
Government support: The Indian government has implemented several initiatives to promote entrepreneurship, such as Startups India and the Atal Innovation Mission, which provide funding and support to startups.
Increasing funding: The availability of funding for startups has also increased in recent years, with the emergence of angel investors, venture capital firms, and other sources of capital.
Talent pool: India has a large and talented pool of young professionals who are increasingly looking to start their businesses.
Overall, the entrepreneurship wave in India is driven by a combination of economic, technological, and policy factors. As the ecosystem for entrepreneurship continues to mature, we will likely see even more startups and small businesses emerge in the country.