BBA in Entrepreneurship

Simulation Games Enhance Learning Outcomes

Simulation Games Enhance Learning Outcomes

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The biggest challenge of our education system is to leverage the learning of concepts and theories with the use of modern technology to create engaging, relevant, and personalized learning experiences for all students that represent the reality of their future.

Most B-schools and universities follow a teaching style that is a blend of theory and practical. The traditional methods of teaching within the four walls of the classroom that include lectures and textbooks do set the basic foundation for a student. However, to attain the skills, which will be required at the workplace, these concepts have to be applied. The application of the learning will ensure that the student has been able to improve their critical thinking skills. The two years of PGDM should comprise of this blend of theory and practice giving the student a comprehensive curriculum.

Subjects like Entrepreneurship give the students ample opportunities to collaborate and work with peers. For subjects like this, the implementation of simulation is the best solution as it deals with the real-life application of the knowledge gained in the classroom.

What are the benefits of Simulation?

Simulations are games that follow a system or a phenomenon. The players are expected to achieve certain pre-specified goals and the environment of the simulation is pre-defined through algorithms and programming. The biggest benefit of simulations is that students get involved in playing the simulation and they consider it as a game or a competition in the real sense. In the process of playing the simulation, the students start applying the concepts that they have learnt in the classes. This provides them with an opportunity to find out how the concept actually works.

It is also the best way to implement Action Learning, i.e., learning by doing. These days, simulations are available online so they can be accessed from anywhere. Students can form teams and access the simulation from any part of the world. It also encourages more interactions among the students that set the platform for learning from each other. They can also afford to do mistakes and learn from it as the stakes are low and they have nothing to lose in terms of money or any other resource.

How to include Simulation in learning pedagogy?

Since simulations are beneficial for management students, it is imperative that it is included in the learning pedagogy. IILM has been implementing simulations in its UG as well as PG courses. Some of the key aspects that need to be considered for including Simulation in the learning pedagogy are:

  • Decide the learning objectives of the subject and check the relation between the concepts taught and the simulation game. There should be a perfect match between the learning objectives of the course and the skills that the simulation tests in the student.
  • The simulation game should be in a sequence. The sequence should move in terms of complexity. For example, a simulation may be played over 4 quarters and the decisions that the players have to take in the initial quarters should be simpler than the ones that they have to take in the later stages.
  • The class has to be guided by a coach who will channel the thoughts and ideas of the students. There has to be a little bit of hand holding in the initial stages of the simulation so that the students understand the process.
  • The coach can first give a brief synopsis of the situation in which this simulation is being conducted. If required, the initial stages can be demonstrated by the coach so that the students can follow his or her footsteps.
  • As the students play the simulation, the coach should encourage the students to think about their decisions and predict the consequences of their decisions. The coach will then have to connect this analysis with the learning objectives of the course.
  • The teams should be able to present their decisions and if required prepare a brief report of the simulation. The coach can then give their feedback so that the concepts become clear to the students.

In the present dynamic environment, the main focus of higher educational institutions is to enable student-centred teaching. This will be possible only when learning happens in an active and collaborative environment. The inclusion of Simulations in the teaching and learning of management concepts will not only make the students better learners but will also prepare them to face the challenges of the corporate world.

To know about other Management teaching best practices like case based learning, mentoring have a look at the following:

Business Case Studies – An Effective Teaching Tool

https://blog.iilm.edu/case-based-teaching-learning-management/

The Many Avatars of a Teacher – A Facilitator in Learning

What is the Mantra for right mentoring?

 

 

 

 

Top 5 Skills You Develop While Studying BBA In Entrepreneurship

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Starting your very own venture demands skills that are second to none. These distinctive skills are not acquired overnight and need to be nurtured. A BBA in Entrepreneurship provides students with the education needed to create and begin their own businesses. From learning about legal implications surrounding a business to effective operating strategies to scale-up, a BBA in Entrepreneurship gives you a jumpstart when you finally begin your journey. Below are the top skills you’ll be equipped with towards the end of the course from the undergraduate business school at IILM UBS, one of the top business schools in India:

Become A Leader:

The BBA in Entrepreneurship is a very hands-on program where students will be expected to work in numerous projects and case studies in groups. This enables the development of leadership skills and specialized competencies required to lead a new business, scale-up and adapt to changing environments.

Develop An Entrepreneurial Mindset:

Learn how to apply new ideas, methods, and perspectives to businesses and projects.

The program helps students gain confidence and certainty in their business idea and apply it in the real world with the structures and systems learned at the b-school.

Embrace Innovation:

Furthermore, the program also enables students to develop skills in innovation and creativity, helping them acquire the ability to understand consumer needs and demands and develop products and services accordingly. The ability to gauge untapped needs in the market is a skill that is developed over time through the detailed analysis of numerous case studies at the b-school.

Gain The Tools To Be Highly Competitive:

Courses in accounting, information technologies, and entrepreneurial finance help you develop invaluable hard skills, especially when procured from IILM UBS, which is amongst the best BBA colleges in India. Additionally, soft skills like leadership and people management will be obtained through group projects, giving you a firm foundation to start your own business.

Develop A Global Network:

Networking skills are crucial in the business environment. The ability to make valuable contacts, maintain contacts and know when to use them is important in the real world. Earn a BBA in Entrepreneurship from IILM UBS and take advantage of the professional relationships and connections in made at the b-school.

After the completion of the course, students will be empowered with the tools to fashion new products or services and oversee developments for existing companies the world over. Not only that, they’ll be able to make valuable contacts, further develop their skills into core competencies and deal with the pressures of a big corporate job or their own business efficiently.

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BBA after Class 12th: PF Course Details, Eligibility and Career Prospects

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A Bachelor’s Degree in Business Administration (BBA) after class 12 lays the perfect foundation for a career in business with sound management skills. This degree aids you with the ability to effectively set up and manage businesses of all sizes, especially vital for business managers and entrepreneurs. BBA degree is of most relevance to those looking to foster innovative ideas and channeling their business acumen. Innovation is the only way for new businesses to succeed and old businesses to continue thriving. This drive for innovation can be in the field of business processes, technology, social innovation, business models, revenue models, branding, positioning, etc.

BBA after Class 12th

With innovation at its core, IILM offers a specialized BBA in entrepreneurship as per the SBS Swiss Business School curriculum, double accredited by the International Assembly for Collegiate Business Education (IACBE), as well as the Accreditation Council for Business Schools and Programs (ACBSP). Being one of the leading business schools in Delhi, IILM seeks to set the groundwork for budding entrepreneurs and young achievers through a holistic support system.

The three-year course includes 2 semesters of international experience, studying at the SBS campus abroad. Being exposed to a global environment and holding an international degree gives the student an unmatched competitive edge to excel in any given field of business.

To match the eligibility criteria and get admitted in the course, prospective students must pass Class XII with minimum 55% under the Indian education system (CBSE or ICSE) or any equivalent board in India or overseas, with English and Mathematics at the class X level. Overseas students seeking admission should have completed their A-levels (under the British system). Students who meet the criterion undergo an in-depth counseling session with a faculty member followed by a video case study discussion. The aim of this activity is to gauge the student’s analytical abilities and thinking style. The final step of the admission procedure is a personal interview conducted by the admission committee.

Pursuing a degree at one of the top BBA colleges in Delhi will open up doors to opportunities in all fields of business. The degree will prepare the student to excel in varying functions and roles in a business setting. It will provide the student basic knowledge about corporate management with a focus on entrepreneurship. Extended guest lectures, live case studies, and simulations will expose the student to the dynamic world of business, setting them on the path to strategize, conceptualize and launch prosperous ventures.

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IILM UBS – ENGAGING STUDENTS IN LEARNING

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IILM UBS aims to create a learning environment that is active, collaborative as well as one that cultivates ‘learning relationships’, wherein learning takes place amongst peer groups, allowing students to actively engage and develop crucial social skills. Moreover, these educational experiences enhance the academic abilities of the students, as they are not limited to assignments and tests.

IILM UBS gives students several opportunities to engage in learning through the following initiatives:

Innovation Weeks:

These weeks are designed to strengthen the entrepreneurial spirit of students and nurture their creative abilities. This is achieved through multiple sessions conducted by eminent entrepreneurs, field visits as well as live projects. The themes for these sessions range from social entrepreneurship to starting-up.

Entrepreneurship Development Centre:

Inspired by the belief that entrepreneurs are not always born but can also be created, IILM formed the Entrepreneurship Development Centre (EDC) with an aim to create an entrepreneurial mindset in students. The students of the BBA in Family Business program along with the other IILM UBS courses can greatly benefit from the center as it performs a strong platform for budding entrepreneurs to ideate, validate and develop their innovative ideas.

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From learning to prepare and presenting a business plan to understanding the legal aspects of opening a start-up, the supportive atmosphere at the EDC helps students move a step closer towards the realization of their dreams.

Events:

Numerous contests and activities are organized throughout the year to build a healthy environment and develop the various facets of the dynamic students at IILM. These activities include blood donation camps and donation drives; painting and poster making contests, as well as football matches, are organized to allow students to discover their passions and strengths. Business-related activities include the stock trading contests and group discussions on relevant pressing issues in the industry.

The BBA in Entrepreneurship program, as well as the other programs offered at the Institute, aim to provide students with a holistic experience at IILM so that they walk out of the institute as well-rounded individuals.

Finally, students are challenged to reflect, question, conjecture and evaluate, thereby encouraging them to think beyond the classroom.

After all, a multidimensional, socially responsible citizen is developed out of a student who is actively involved in academics as well as extra-curricular activities.

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How IILM UBS is fostering a Mindset of Entrepreneurial Thinking & Creativity

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Entrepreneurial thinking refers to one’s ability to see the world differently and find innovative solutions to a given problem. This is a pre-requisite in the fast-paced business world of today. From budding family business owners to those looking to fuel a startup vision, tomorrow’s businessmen and women must possess the skills required to identify market opportunities and find creative ways to leverage these opportunities.

With a BBA in entrepreneurship, you’ll be exposed to a myriad of experiences that’ll help you develop the skills required to start and manage a business. You will have the chance to explore new learning opportunities, develop your business strengths and overcome your weaknesses. Given the wide variety of responsibilities connected with running a business, the BBA curriculum focuses on holistic learning – from marketing and innovation studies to technical business processes. The end goal is to shape well-rounded entrepreneurs capable of managing and scaling successful businesses.

The central benefit of pursuing an entrepreneurship course at one of the top business schools in India is that you will be equipped with a host of promising career opportunities, including consulting, family business management, startups and corporate jobs. With training in entrepreneurial know-how, not only will you learn how to start a new business from scratch but you will also understand how to restructure, reorganize and expand an existing business. Additionally, greater creativity and problem-solving skills fostered at IILM UBS will give you that much needed push to fuel your startup dream. This is of special importance for students looking to find direction in terms of career goals. Student mentors play a critical role in helping you identify your core point of interest and assess its feasibility in the current market situation. Greater support is provided via Annual Entrepreneurship Conferences and the Entrepreneurship Development Center quarterly innovation weeks.

The 3-year BBA course is designed keeping in mind the special needs of budding business owners, with equal emphasis on imparting practical and theoretical knowledge. With extensive case studies, role-plays etc., you will undergo overall personality development and up-skilling preparing you for jobs in healthcare, retail, service industries, financial services, banking, startups as well as non-profit organisations.

Given the need of the hour, innovation is placed at a high pedestal in our institute. Not only does it create unmatched value for existing family businesses, it is also especially important for setting up a new venture and expanding it. Additionally, entrepreneurial thinking will allow you to stay ahead of others and maintain a leadership edge in the corporate world.

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Think Global, Be Beyond with our Global Study Programme

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With the ever-expanding reach of the internet and other mediums, access to the world is becoming easier. The more we know about the world and how it functions, the better prepared we are to take on the curveballs thrown at us. Businesses, too, are thinking globally today. The way they function or the way they create value needs a touch of the worldly wisdom to be able to truly succeed. And one way to grasp to this knowledge is by interacting with and learning from the best minds while completing your business education from one of the premier business schools in India.

Our Global Study Programme exposes our students to a truly enriching experience that empowers them to adopt a modern outlook while making day-to-day decisions. We believe there is nothing like an international experience at the best business schools around the world, to broaden your minds and sharpen your acumen. Our strategic tie-ups with leading business schools around the world nurture excellence by expanding your key learnings from your time with us to unprecedented levels. Unlock your potential with:

University of Winnipeg, Canada

The University of Winnipeg in Canada has always been a preferred destination for those looking to specialize in International Business and Marketing. Their programme in Entrepreneurship is an absolute value-add to those looking to start their own ventures after completing their BBA degree or MBA.

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EM Normandie, France:

The leading business school in the historic city of Normandy is among the prestigious B-schools in France. A rewarding course in supply chain management and a dynamic business project will groom you to lead operations. Or if you have plans to move to France, their course in doing business in the country will equip you with knowledge and a student network that will be extremely beneficial.

Lapland University of Applied Sciences, Finland:

The University of Finland is known for its exceptional focus and dedication towards innovation. During your time there, engage and build on relationships as you work through challenging team projects and come up with innovative solutions. Build on your talent of thinking out of the box by working with the brightest minds in the world.

ISM, Germany:

International School of Management in Dortmund, Germany is well-known for the diverse crowd that joins and graduates every year. Be a part of a worldwide network as you hone your skills in Operations Management, Strategic Management, International Finance Management, along with inter-cultural communication.

Thus, an international education can help you evolve personally and professionally. The exposure to different styles of teaching, thinking, and living makes you more adept at taking on the world as a universally thinking manager and paves way for unbound success. Think global with your business experience at IILM, and emerge as a leader who works and lives beyond.

BBA scope, BBA in Entrepreneurship

Education Gone International: A Global BBA Degree with an Edge

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With thousands of courses in business flooding the cities, how do you decide which one is correct for your entrepreneurial aspirations? Today, the need of the hour is to groom business students into leaders who can stand shoulder to shoulder with their global peers. This is where our BBA in Entrepreneurship international degree provides the much-needed edge to students.

With a curriculum designed in association with the internationally-acclaimed Swiss Business School, BBA in Entrepreneurship brings business education of the highest standards to Indian students. This international affiliation serves to add more to the BBA scope for students and allows them to experience learning that goes beyond the rigid boundaries of a classroom and educate themselves on the best global practices, innovations, and ideas in the field.

Developing international competencies

The very idea of entrepreneurship is to take your idea to the world and establish it into a successful business. At UBS, we understand that disruption is ruling the roost in business ventures that have risen to the top today, which is why the modern-day BBA student should be a problem solver. The 3-year (or six semesters) BBA in Entrepreneurship course opens up a student’s mind to business problems that have global roots and inculcates a drive for entrepreneurship backed by innovation to solve them.

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The specially designed modules rise in difficulty from the more basic concepts of marketing, accounting, management, economics, finance, law, etc. and move on towards more niche subjects like venture capital, private equity, mergers, and acquisitions, etc. Entrepreneurial case studies and simulations from Harvard Business School are also included to provide students a chance to test their mettle in managing real-world situations.

Promoting cultural exchange of ideas and knowledge

With more and more students going to Europe, North America and Australia for higher studies, it is important that they are introduced to cultural intricacies of the foreign world. In this era of globalization, a key advantage someone from the business background can have is that of being oriented towards various cultures of the world. Consequently, the BBA in Entrepreneurship course offers foreign language classes to students for sharpening their communication and multi-lingual skills.

Providing critical exposure of the highest level

The BBA in Entrepreneurship international degree provides an international platform to students to experience learning at the Swiss Business School campus for two semesters. More than the course material, it is the entire experience of receiving education abroad at an acclaimed business school with an entirely different culture that exposes students to various facets of skill development and management. At the end of the day, it is this different environment which polishes students into successful entrepreneurs of the future. Another regular exposure to real-life management situations comes in the form of industry internships, company visits, and thought-leader interactions.

BBA is a critical stepping stone towards a future MBA, managing family business or starting-up. With an international course and degree, UBS ensures that your foundation for success is uniquely advantageous and supremely solid.

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What’s it like to Pursue BBA in Entrepreneurship at IILM

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We’ve heard multiple opinions about India’s school education system. Some of them in support while most of them contain flak. However, the truth of the matter remains that majority of the children passing 12th focus only on passing it. Once that hurdle has overcome the need for an academic to help aspiring entrepreneurs is realized. To fill this we at Undergraduate Business School (UBS) designed ‘BBA in Entrepreneurship’, a 3-year course providing the knowledge base to students to establish and run their own business ventures.

The components of the designed undergraduate program focus on a planned approach to education and career. There are various other extracurricular activities apart from academics that develop the students’ potential and skills to kick-start their entrepreneurial journey.

These are:

Industry visits:

Classroom teaching is very important. But it’s the industrial visits where students get greater clarity. The concepts taught in class are practically put to use and experienced here. It provides hands-on experience and direct insight into how the industry functions. It also provides an atmosphere for interactive learning. Their interpersonal and communication skills are tested in a real-life environment. Most importantly, it helps them notice the various roles and shortlist the ones they can envision themselves into. Regular industry visits at IILM expose the students to various work cultures and help broaden their outlook.

BBA in Entrepreneurship, bba course

Guest lectures:

The growth of competitions across the industries, volatile business activities, the dependence of the economy on the government policies and several other interwoven factors make way for guest lectures. These speakers are especially invited for enlightening students with the wide experience they’ve had in the industry. They are either from other universities or are professionals managing the above-mentioned concerns and making concerned decisions on a day-to-day basis. Their insights and in-depth knowledge enhance the student’s overall educational experience. It helps them build the greater connection with the field they want to work in.

Live projects:

Gone are the days where students’ capabilities were measured on the basis of memorizing facts. 21st-century skills include quick problem-solving and applying what you learn in the classroom. Live projects enhance these skills. Students are asked to either intern or participate in one or the other capacity in a project that is currently in operation by a company. They find themselves being a part of something much bigger than their classroom. It helps them take responsibility and make decisions in an environment where one wrong step of theirs can jeopardize the growth of the project. Students benefit incredibly and get an opportunity to sharpen their professional skills. They also establish great relationships with professionals in the industry.

These are the various extracurricular activities that make students at UBS stand out.

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Developing Leadership Beyond the Classroom

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With periodic imbuement of scholastic values and motivational labor on personal ambitions for the enthusiastic pupils, our programs endeavor an assemblage of leadership qualities. The Undergraduate Business School (IILM), Lodhi Road is among the top BBA colleges in India for management programs.

At IILM’s undergraduate college UBS, the curriculum ranges beyond penning down and memorizing texts and learning to draw figures. With practicality being the driving factor of our program, an individual inherits the dynamics of group behavior and how to lead others towards growth and prosperity. The BBA in Entrepreneurship is among the top-notch courses that bridge the gap between school and college education most effectively.

The Tangible Resource

The facilities on campus have been carefully dedicated for the convenience of the beginners in search for a bright future. Apart from the digitally forward lecture halls, theatres, dedicated rooms for tutorial exercises and the academic use of students, you can find a unique set of facilities on the campus.

BBA colleges in India, BBA in Entrepreneurship

The Stock Trading Room is the highlight of the resource section where students witness an emulated environment of trade in the real stock exchanges. With live price feeds coming directly from the NSE, MCX, and NCDEX, the students have the opportunity of understanding the dynamics of financial business with mock money.

The Clubs of Masters

The theory of looking beyond classrooms stretches wider than the realm of academics at IILM. As a part of networking and effective communication, the student clubs have been distributed into sections of diverse cultural activities. What makes it such a learning experience is that the students get to connect with peers with similar recreational interests in addition to the faculty of the same mind. The groups, however, relinquish executive control to the students giving them a taste of leadership at each step. You may choose from the following fraternities:

  • Global Engagement
  • Cultural
  • Marketing
  • NGO
  • Finance
  • Debate
  • Social Media
  • Current Affairs
  • Sports
  • Entrepreneurship
  • HR
  • Adventure

Realm of Opportunities

Creativity and skills of the students are further nurtured with trials and exhibition and we proffer events that showcase their zeal for achievement. The competitions range from filmmaking on social issues, international higher study summits, and entrepreneurship conferences with experts, company visits to the much-awaited annual convocation, and the like.

Let us take the conference for example, wherein a set of speakers from different industries approach the podium to address the young minds to get together and discuss the modern concepts of entrepreneurship. The basic purpose is to spearhead development in India’s ‘Make in India’ and ‘Startup India’ initiatives.

The 3-year course is an amalgamation of the imperative and otherwise unique skills and techniques that are assembled with precision for the individual to identify opportunities and wield it according to their own capability and dreams.

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The Top 6 Lessons from My BBA

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For three absolutely wonderful years, I called IILM UBS, one of the best BBA colleges in Delhi, my home. And what’s a home without its fair share of learning and life-changing experiences? Like many before me, I was also bitten by the bug of entrepreneurship that is still at the height of its power in our country. I like to believe that it was always in my blood – I hail from a business-running family, which is why opting a Bachelor of Business Administration degree course was never a difficult decision.

The dilemma lied in choosing the right college. And after finishing my BBA in Entrepreneurship from IILM UBS, I can proudly say that I couldn’t have picked a better institution to hone my skills and emerge as not only a better businessperson but also as a better citizen of the world. Here’s a low down on the six lessons that my BBA from IILM UBS taught me:

The earlier you start, the better

When you are right out of school and brimming with ideas, it is easier to fine-tune and shape you, which is exactly what the BBA in Entrepreneurship did to me. I was not even out of my teens, but the excellent curriculum helped sharpen my business acumen, right from leadership and communication skill development, to critical thinking and decision-making.

There is no better preparation for an MBA

After bagging a lucrative management job in a reputed firm after my BBA, I worked for a few years before pursuing my MBA. Honestly, thanks to the strong knowledge and skill base which the BBA course had provided me, MBA was a smooth sailing. The multi-disciplinary learning at IILM UBS set me up wonderfully for the challenging and dynamic environment of MBA and, later, the corporate world.

Faculty matters

Who says the spirit of entrepreneurship can’t be taught? If you have the right teachers, you can learn almost anything, and I was fortunate enough to have found many gurus during my BBA. The internationally-merited curriculum at IILM UBS is stipulated by the Swiss Business School, and the modules are delivered by highly qualified in-house as well as visiting foreign faculty and experts. With a teacher-student mix of 1:4, I never had complaints about not getting adequate attention from my teachers in my BBA who not only imparted practical knowledge of the industry but mentored me into the person I am today!

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Exposure is critical

If businesses are never limited to one country or region, why should the learning experience be? My BBA was built on this very premise, and, honestly, the 4 weeks of my Global Study Program in my BBA when I went to a partner university in Europe was one of the most enthralling and enlightening experiences of my life. Studying business in a completely different environment, interacting with a different culture, and getting to test my skills on a global stage inspired a new-found confidence in my abilities and introduced me to the possibilities that lie beyond the border, not just for budding entrepreneurs like me, but the entire Indian business economy.

The other unique exposure that I would like to mention here is the one I had under the challenging Summer Internship Program, where I was thrown into the mix at one of the real-world corporates. It is here that I got my first taste of working in a high-velocity business conglomerate and under the tutelage of many high profile leaders in the company. All this taught me that without practical, on-the-field training, education is incomplete.

Time and stress management

So far, you might be thinking that everything was a bed of roses for me, but let me assure you, it was not. At the end of the day, the onus lies on you to make the best use of all the facilities and education you are receiving, something which I learned over the three years of BBA where live projects, presentations, case studies, lectures, events, etc. keep coming at you relentlessly. Under such a stimulating and challenging environment, I learned how to manage my time, priorities and stress. The key lies in never losing sight of your goal, which is the essence of entrepreneurship that my BBA taught me.

The art of being open

Above everything else, my BBA program taught me how to be more confident and open. There are so many avenues of learning in a BBA program, and if you have the right attitude, you will be able to benefit immensely from them all. All you need is an open mind and a hunger for trying out new experiences and challenges. As a business student, having a bright, positive attitude to everything is important, and trust me with this one: it was the stimulating environment that my BBA created for me which allowed me to inculcate the quality of being open to everything on my own.

At the end of the day, I discovered a strong sense of belonging at my BBA and became a part of a pioneering, passionate and driven community that has helped shape my entrepreneurship dream.