Importance of B – School In Modern Commercial World

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WHAT IS B – SCHOOL?

B-School, short form of BUSINESS SCHOOL is nothing but a highly professional management institute offering quality education in the fields of commerce and Management.

Commerce and Management education is gaining increasing and sustained growth worldwide presently. The interest in this area is not likely to fade at least for the next few decades. The new generations B-Schools are pouncing upon the latest trend in order to grow leaps and bounds.

Bengaluru is no longer just the Silicon city of India and the IT Hub. It is also getting noticed as a pioneer in offering commerce and management education. The beautiful part is that the city has not yet reached any kind of saturation and there is still scope wide open for the right and enthusiastic entrepreneurs.

B-School primarily offers MBA courses. The basic difference between various colleges offering MBA course and a B-School is that the later offers excellent quality education by enlisting the active support of highly knowledgeable professor with rich teaching experience.

With proper vision and with a highly motivated team, a good new B-School can attract students from across the country. Proper infrastructures, a dedicated team of professors, nice hostel facility and a neatly drawn up list of co-curricular and extra-curricular activities will definitely help the institution flourish year after year. Not only the institution carve a niche for itself in the hearts and minds of knowledge-hungry students across the country, but can also thrive economically as well.

STANDARD REQUISITES FOR STARTING STANDARD B-SCHOOL

 

The most important pre-requisite for a nice B-School is land and building. 

The necessary technical formalities like AICTE approval and university affiliation can easily be obtained. A predominantly important requisite is a good team of professors with profound knowledge, interest in varied areas, total dedication towards the cause of students, etc. If we scout around for such professionals, a nice team can be set up.

Importance of B-School

<font color="#000000" face="Georgia, serif">Today, organizations are looking for fresh recruits to be industry ready, capable of adapting to the changing needs and developments in the technology that is happening at the rapid pace. They expect their employees to be lifelong learners who are capable of updating themselves to the latest industry expectations.</font>

 

Business school <font face="Georgia, serif">brings together a team of excellent faculty members from the academia and industry, and an excellent infrastructure to provide ready professionals. The pedagogy at </font>B-Schools<font face="Georgia, serif"> which is a combination of lectures, case discussions, experiential learning, industry interactions and peer learning, provides students opportunities to develop their interpersonal skills, critical thinking and decision making skills which are demanded by organizations. The co-curricular and extracurricular activities through various student clubs provide students the opportunity to develop their team working, organizing, collaborating and leadership skills. In addition, the diversity of students gives them an understanding of various cultures and prepares them for a career in organizations with a diversity of employees. </font>

The faculty members are engaged in research as well as corporate training that keep them updated on the latest trends in academics and industry. They combine academic rigor with practical orientation to equip the students for successful corporate careers. Facilitated by a strong placement team with an excellent industry-connect, the students, on successful completion of their program.

Students who aspire to grow and achieve excellence in their chosen spheres to join B-School, tap into their unique strengths and capabilities and develop themselves into well-rounded personalities ready for a successful career.  

If honest efforts are infused in the right direction B-School begets proper recognition in the field of MBA education. It may also be pertinent to point out that campus is situated from the city is amidst greener and cleaner environment, is nicely connected with bus and metro transport will not be taken lightly by either the aspiring students or by their beloved parents.

BENGALURU - KNOWLEDGE CAPITAL OF INDIA

Bengaluru has not duly been considered as the IT capital and Start-up Capital of India but also rightly been acknowledged as the Knowledge Capital of India. The only Indian Institute of Science (IISC), one of the Indian Institute of management (IIM), more than 15 universities, National Law School University of India (NLSUI) are all situated in Bengaluru.

Of late a number of standard B-Schools (MBA Colleges) have also come up in the city. ICFRI Business School (IBS), National School of Business (NSB), CMS Business School, Jain Group of Institutions, International Institute of Business Studies (IIBS) deemed Universities are some of them.

<font color="#000000" face="Georgia, serif"> There is still space for a properly organized and professionally managed </font>B-School<font color="#000000" face="Georgia, serif">, competition in the field is almost non-existent as students from across the country as well as from abroad come to study here.</font>

The basic pre-requisite for a standard B-School is availability of sufficient land. The next most important requirement is money. As has already been explained in great detail, there is no dearth of venture capitalists in the market, who will be too happy to support B-School.

Another critical factor is the enlisting of right kind of academicians and subject experts, who alone can ensure very good result, year after year, to help not only to survive but also to grow from strength to strength.

Some of the management may be wondering whether it is really possible to attract necessary student to sustain and survive in the beginning and thereafter grow and prosper. There are a number of agents active throughout the country who will be ready to offer their services for a fee.

After the first year of our existence Management may go for CRISIL audit which will ensure continuous flow of students to college. Both the students and their parents will undoubtedly be impressed with the ranking.

Establishing an active and dynamic placement all will be another source of recruiting students after 2 years of existence as it will definitely induce prospective students to select institutions.

 

FUNDING AND FUND RAISING 

The most important vitamin to start as well as run a B-School is money. Not even a single day passes without money. The initial investment, which we call in financial language as preliminary expenses, is undoubtedly huge if a standard B-School has to be started. Fortunately, there is no dearth of venture capitalists, who will be ready to invest in knowledge based industry, particularly B-School. After the initial investment in the first year no FURTHER INVESTMENT, will be necessary, as the excess cash flow after meeting all expenses will be more than sufficient to meet the necessary needs.

The initial investment made by the fund provides can be fully repaid over the first 5-6 years of new venture when after the entire power and right will rest with the Management.

The venture capitalist will undoubtedly be too happy to provide necessary fund because of the excellent infrastructure.

 

Extra-Curricular activities :

Conduct of Seminars

Conduct of Symposiums

<font color="#000000" face="Georgia, serif">Organizing</font> guest Lectures

Faculty Development Programme

Leadership Development Programme

Managers Development Programme

Toastmaster Programme

 

Promotional Activities :

Broachers & Leaflets printing & distribution

Newspaper Advertisements

Social Media Advertisements

Banner & Hoardings Expenses

Agents Commission

Printing of Prospectus

Office & Administration expenses

Printing & Stationery

Newspapers & Periodicals

Travelling & Conveyance Expenses

Electricity Charges

Guests Entertainment Expenses

Telephone Bills

Audit Fees etc.

 

Learning beyond Classrooms :

Strategic & Stock Market Simulations

Manthan

Campus I-Quiz (Intercollege Quiz Competition)

Business Stand Quiz

Brand Club

Seminars & Conferences

Industrial & Field Trips

Rural Immersion

Student Activities & Clubs

Photography Workshop Innovation

Social Media

Blood Donation Camp etc.

 

COURSE HIGHLIGHTS:

1. Research & Innovation integrated into the curriculum aides by Research Incubation Centre To inspire young minds in research & capture innovative ideas.

2. Subject Matter experts from industry & academia from across the globe.

3. Cutting-Edge Curriculum with creative teaching pedagogy.

4. Student Exchange Program with the University of Memphis, USA.

5. Visit to the Abroad for Academic & Industrial Exposure.

6. Techno-Management Program with special courses such as Artificial intelligence, Machine learning, Deep learning, Data science all embedded within the curriculum.

7. Entrepreneurship Assignments, Finishing School, Value-Added courses, Guest Lectures & industry visits.

8. Skill Advancement with Online Certification courses 

9. 100% Placement assistance.

Prof K.V Rama Rao can be reached at 9341410009 or you can write to him at kvramararao28@gmail.com

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