Employees to Entrepreneurs: A Paradigm Shift Into Management Education in India

Introduction

The French verb entreprendre, which means “to begin something,” is where the word “entrepreneur” first appeared. When a person wants to develop a product, work on an idea, or realize their dream of starting their own business, it takes more than just careful planning and execution—they also need to acquire skills that will aid them in starting and growing their enterprise.

The debate surrounding the MBA's entrepreneurship specialization has centered on whether it is necessary for aspiring business owners to develop a certain set of skills or whether it is a waste of money and time that would be better spent starting or operating their company. On the other hand, some believe the degree can be extremely beneficial for developing a professional network and for starting new ventures. Earning a degree can also provide entrepreneurs with an uncommon opportunity to fail in a safe atmosphere, where failure could have disastrous. Students that choose this type of specialty have several opportunities to develop their entrepreneurial abilities.

The researchers looked at students' perceptions and attempted to close the gap between what they thought management education should be like and what options were out there. In India, research on the subject of entrepreneurship education awareness is still in its infancy. Thus, the primary goal of this research is to assess management students' perspectives on entrepreneurship and their future careers in it, as well as the value of university programs that promote entrepreneurship.