Development of Entrepreneurship

Development of Entrepreneurship is one of the core courses at the 'Asian Institute of Management'. At the end of the course each group in the batch has to make a business plan. The course is taught by two professors who themselves have first hand experience in entrepreneurship.

I used to wonder, if entrepreneurship could be taught. I have always been of the opinion that entrepreneurship is more about destiny. You are either an entrepreneur or you are not, there is no course that can make you one. Many times I thought of questioning the purpose of this course to the Professor.

Two months in to the course and my views about it are changing. I am realizing the advantages of such a course. even though most of us would end up being managers. The course has started to give me the feel as to what it takes to develop an idea in to a final product. What is the level of commitment and the kind of risks that are encountered in a successful business venture - something which an entrepreneur cannot escape.

So what are managers supposed to do with such a course?

Many industries are witnessing saturation. For such industries, constant innovation or re-creating the whole business model remains the only way to achieve constant growth rates. To do this, an organization requires leaders who have entrepreneural skills. Creation and innovation are words historically associated with entrepreneurs, but in future this would be expected of managers too. Only managers who would show the ability to take risks and show creativity will be able to rise in their organizations - something central to the course of Development of Entrepreneurship.