Develop the entrepreneurial skills of students-PC Chhabra

Entrepreneurial skills play a very important role in the life and success of an entrepreneur. It is important for faculty members to understand that building entrepreneurial skills in students should be a priority in their minds to develop students into successful professionals and entrepreneurs.

Skill building methods

1. Case study method: (For Building Creativity and Innovation Skills) faculty members adopt the case study method with students to discuss various business cases/problems with the aim of developing the ability to think creatively in students.

2. Success method: (To build confidence and character) Faculty members share the success story of various leading and successful entrepreneurs to ignite the spirit of entrepreneurship in the minds and hearts of students. This motivates students to think about becoming an entrepreneur.

3. Idea Generation Contest Method: (For Building out of Box Thinking Skills) Faculty members bring students together to brainstorm and ask them to brainstorm/generate an idea to launch a new product or service that is not available in the market.

4. Business plan method: (For Building Holistic Planning Skills) Students are advised by their faculty members to prepare a business plan on the business idea that interests them. Students prepare a Word file to describe their proposed business idea. They also prepare an Excel file to prepare the projected financial statements. Students prepare a PowerPoint presentation to explain their business idea using a multimedia projector.

5. Simulation method: (To build problem-solving skills) Faculty members use the business simulation method to create a real-life situation where students learn how to solve business problems in a simulated environment.

6. Project management method: (To develop project management skills) Faculty members use the project planning method using Microsoft Project software so that students can learn the intricacies of project management to maximize output and minimize input with the aim of optimizing resources and maximizing productivity.

7. Project design method: (For building design skills) Faculty members use the design project method in which they assign a design project to an individual or group of students to hone their design skills.

8. Digital Marketing Project Method: (To develop digital marketing skills). Students are given a digital marketing project with the aim of enabling them to use the various social media marketing and digital marketing channels to maximize the sale of products and services. It helps students develop their digital marketing skills.

9. Method of developing mission, vision, goals and objectives: (To develop goal setting skills) Students are trained to develop and storyboard the mission, vision, goals and objectives of the proposed organization. This enables students to set goals for different functional departments, teams, and individuals, which ultimately contributes to the achievement of organizational goals and objectives.

10. IT project method: (For building IT skills) Students are assigned a multidimensional IT project in which they are required to plan, implement and control all aspects of IT functions including hardware, software, networks, website, social media marketing, digital marketing, etc. .

11. Communication attribution method: (To develop communication skills) Students receive several assignments relating to verbal/non-verbal, oral/written methods with the aim of developing their oral and written communication skills.

12. Method of managerial games: (For Building Managerial Skills) The faculty members develop various management games to develop the managerial skills of the students. Students playing the games are able to develop their management skills in planning, organizing, staffing, directing and controlling.

13. Accounting and financial modeling method: (For financial and accounting skills building) Students have the opportunity to learn about finance and accounting through financial modeling using a spreadsheet like Excel. This allows the student to learn finance and accounting.

Conclusion

To sum up, faculty members should adopt various methods mentioned above to develop the entrepreneurial skills of students to enable them to become a successful entrepreneur in their lives.

Warning: The views expressed in the article above are those of the authors and do not necessarily represent or reflect the views of this publishing house. Unless otherwise indicated, the author writes in a personal capacity. They are not intended and should not be taken to represent the official ideas, attitudes or policies of any agency or institution.


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