IIM, Raipur under the Erasmus+ Programme, recently entered a strategic partnership with HHL Leipzig Graduate School of Management, Germany. This was started with an aim of opening avenues for various academic initiatives.

Prof Ram Kumar Kakani, Director of IIM Raipur said, "This collaboration with HHL Leipzig marks a crucial step in our mission to create a globally connected learning environment. We believe that the exchange of ideas, knowledge, and experiences is integral to shaping well-rounded leaders of tomorrow."

In order to take charge of the future, one should understand the present landscape and this comprises several important factors such as staying informed about advanced technologies, socio-economic shifts, and others. By conducting several researches, entrepreneurs will be able to identify the gaps as well as opportunities which will help in defining the business landscape in the future. Today, let us look at how students can seize control of the future via strategic business ventures. 

Identifying passion & skills & Embracing Innovation

Some of the most successful business ventures often stem from a deep passion for a specific field or industry. By identifying their passions & aligning them with potential business opportunities students can take charge of their future ventures. Hence, it not only helps in ensuring a fulfilling career but it also helps in offering the motivation that is required for overcoming challenges throughout the entrepreneurial journey.

"Every individual realizes some hard professional realities based on past experiences and the kind of people they have worked with. If an individual finds a way to get around that, it is rewarding for their career," says Ram Kumar Kakani, Director, IIM Raipur.

"The best way is to surround oneself with an environment and professionals who will be able to detect these issues and provide the right solutions to solve them. These will provide an individual with the right understanding of how to go forward with an entrepreneurial journey," he adds.

It is important to take charge of one’s future via business ventures as it is going to be a transformative journey which will extend beyond conventional academic pursuits. What students can do today is identify their passion, stay informed, leverage university resources to cultivate an entrepreneurial mindset which would empower them to navigate the business world complexities.

“Extra-curricular and co-curricular activities are critical to the integrated personality development of students and faculty members. For instance, events like seminars or conferences featuring diverse branches of well-versed experts can certainly elevate the standard of participants and open them to new horizons of knowledge,” opines Dr. T. V. Muralivallabhan, Director, Marian Institute Of Management.

Developing entrepreneurial mindset & Utilizing technology & innovation

Students should cultivate an entrepreneurial mindset in order to begin a successful entrepreneurial journey. And this includes fostering qualities such as risk taking, adaptability, resilience and creativity. This is where educational institutions come into picture. They play a major role in instilling these values via programs which encourage innovation, critical thinking & problem solving.

Today with the help of rapid technological advancements, students can harness the power of technology to build scalable and impactful business. Therefore, it is important for students to understand the way e-commerce platforms and businesses work, & stay abreast of emerging technologies as these are sone of the essential elements of taking charge of one’s future in the business world.

European Open Business School offers numerous programs that are aimed at the business world. “The programme par excellence is the Master's in Senior Business Management (MBA). Through an intensive and demanding learning process, the master's degree enables the students to acquire all the knowledge necessary for business management and prepares them for a successful career,” says Jaime Medel, CEO & Co-Founder, European Open Business School (EOBS).

Learning and staying informed

Since entrepreneurship is an ever-evolving landscape that is shaped by market trends, consumer behaviour and most importantly technological advancements, students who are looking to venture into the business landscape should seek opportunities for staying informed regarding the latest developments in their respective fields.

Attending seminars, enrolling in several courses that are related to business management & entrepreneurship are ways to acquire knowledge participating in workshops. Universities offer resources that include entrepreneurship centers, that can provide support & valuable insights.

Rohit Kumar an alum of IIM Lucknow, who now works in the capacity of AVP, Axis Bank and is from the IPMX-15 Batch 2022-23 says, “Having spent more than a decade in the manufacturing industry, I really was eager to transition from a function- specific role to a business-specific role. At this juncture, IPMX was the most appropriate program that could help me with this transition.”

Some of the top business schools in India include IIM Ahmedabad – Indian Institute of Management, IIM Bangalore - – Indian Institute of Management, IIM Kozhikode – Indian Institute of Management, and others.

"Every individual realizes some hard professional realities based on past experiences and the kind of people they have worked with. If an individual finds a way to get around that, it is rewarding for their career," says Ram Kumar Kakani, Director, IIM Raipur. 

"The best way is to surround oneself with an environment and professionals who will be able to detect these issues and provide the right solutions to solve them. These will provide an individual with the right understanding of how to go forward with an entrepreneurial journey," he adds.

Some of the integral steps toward developing a successful venture should begin with starting small, creating and developing a comprehensive business plan and embracing failure as stepping stone to success or a learning opportunity. By actively engaging in entrepreneurship students not only contribute to their personal growth but they also help in shaping the future of economic development. Therefore, with a blend of knowledge, resilience & passion students can take charge of their future & leave a lasting impact on the business landscape.