Monday, January 10, 2011

MBA Programs with an Entrepreneurship Focus

Many people think of entrepreneurship as just a brilliant idea, enough time, and a garage full of tools to make it all come together
From an educational perspective, entrepreneurship is very much an applied discipline, You have to do it to understand it. You can’t just sit and study it.

Several MBA programs are now starting to cater more to the needs of students looking to build their own companies. Students take classes in all functional areas, do business projects in each country, and experience working with real-clients first-hand, several business schools are also developing inventive ways to provide resources for up-and-coming entrepreneurs. While entrepreneurship programs and electives are now part and parcel of business school curricula, there is also a new trend called social entrepreneurship. This is the practice of applying business skills to social endeavors, like expanding education, alleviating poverty, and improving water sanitation.

Whether you will use your entrepreneurial savvy to turn a profit or make a positive social impact (or both), searching for the right business school will be as individual as your background, interest, and needs. This means you should look closely at what kind of entrepreneurship concentrations, electives, student clubs, and dedicated research institutes are offered at various business schools.

Finding a good balance between a theoretical approach and its application will be the challenge for prospective students in an entrepreneur program. However, starting a business on one’s own is still a big step, no matter how much education and experience one has.

Between finishing an MBA and starting a business, many entrepreneurial-minded grads get their feet wet by working in a related field like venture capital, working for start-ups, or getting a management job at an established company in the sector they want to start a business in.Those ready to take that step towards starting a business can find inspiration from those who’ve already done it
Don’t worry too much about failure. 

My advice is to simply go for it and do it..!



Unitedworld Executive.

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