The most innovative management institution has come up with another master innovation to its plethora of innovations. BIBS has come up with a unique USP or Ultimate Startup Plan competition catering to modern student needs. Here the judges will select the best business plans that are prepared by the students. The business plan has a pivotal role to play in getting a business started and this will help the students to think creatively in novel ways so that they can achieve their best. This unique experience will give the students the required edge that will make them better leaders and managers that will make them soar in business.
Management Education Promotes Entrepreneurs:
It is very well known that management education aims to create entrepreneurs and not merely employees and this is the only way in which there can be a rise in the number of businesspeople. Thus, a forceful and diligent business plan is the only thing that can help people to become better businessmen in the most useful way and this gives them the capability to handle their own businesses.
These findings confirm the trend that management leaders are made and they are not born. This is because management leaders have to make intelligent and resourceful methods to use their business plans so that they can help their startups scale great heights and achieve the highest levels of success.
It is through such out of the box ideas that BIBS aims to create entrepreneurs in the field of global business. This effort has helped in clarifying its position as the most innovative business school of India. This is how we can draw a conclusion from the facts mentioned above that management education creates entrepreneurs.
A Note on The Judges:
BIBS has brought five experts from the field of science and commerce to be the panel of judges. They have the experience of more than three decades and have a hawk’s eye as far as recognizing talent is concerned. This gives them the capability to judge candidates based on their skills and abilities in envisioning a niche for business. A couple of members of the jury have even turned around sick businesses that were running in losses and have made these businesses into highly lucrative and successful ones.
Tips by Two Judges:
According to Sanjay Mansukhani, a good business plan includes a taste of the real world, it should be innovative in order to grab attention at the very first phase and most importantly, one should have an idea of the target customers and the competitors. He suggests that students should not take much time in the presentation, it should be concise and to the point so that the entire plan is understood in a few minutes.
Rahul Upadhyay, who is one of the other judges, also gives his insights. He says that a good business plan must include a mission statement, the team, the key aspect of your business, detailed market analysis, market penetration strategy, sound financial plan and exit strategy.
The Six Finalists:
The six finalists of the USP competition vary from a paying guest accommodation service to a crèche meant for toddlers. There is also a stain cleaning service, a mobile home, sports services and help for the visually impaired.
BIBS Your Destination for Management Studies:
BIBS is surely the master as far as this competition is concerned and has ensured its top place in the league of management schools. This has made it the most desirable school as far as management studies are concerned. These activities are both educational as well as entertaining and go a long way in ensuring the all round and holistic development of people who seek to become successful managers and leaders.