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Mike Tyson once said, "Everybody has a plan until they get punched in the face.' Market realities, customer responses, etc., remain highly dynamic and unpredictable, where even the top professionals and leaders often get 'punched in the face'. To think like an entrepreneur in a crisis is what businesses worldwide need—not just to stay afloat but to thrive.

Contrary to public opinion, entrepreneurship is much more than knowing how to start a small shop or business— it is about cultivating creativity, innovation, curiosity, lateral thinking, adaptability, risk-taking, etc. These skills are must-haves across every industry, especially after the COVID-19 pandemic, where the need for a skilled workforce dramatically accelerated. Since skill gaps have been exacerbated massively, training and development have become "nice-to-have" to essential. Accenture has predicted that if skill-building doesn't get bridged on a mass level, G20 economies could lose up to $11.5 trillion in growth over the next decade.

While bridging the existing skill gap seems daunting, a few universities in India are resolute in finding concrete and sustainable solutions to this problem.

Recalibrating the damage

Vijay Patil School of Management (VPSoM) has recently launched MBA and BBA programs to bridge the gap created by the pandemic shock and instill students with entrepreneur skills such as critical thinking, decision making, and ethical leadership. The school also aims to nurture socially conscious business leaders and responsible managers. 

VPSoM is a business school that promotes purpose-oriented business education focusing on 4 Ps of business:

•            Purpose

•            People

•            Planet

•            Profit

While every other university trains students in ‘plain’ business practices, VPSoM helps students hone conscious capitalism that teaches them how businesses should operate ethically while ensuring profits. The program's ESG (Environment, Sustainability, and Governance) trains students in nurturing social/environmental consciousness through 100 hrs of a uniquely designed immersion program.

The School of Management offers new-age courses under the aegis of DY Patil University, Navi Mumbai which dons extraordinary credentials. 

•            "A" Grade by NAAC

•            UGC recognition 

•            AICTE approved 

Businesses worldwide must deal with agility to seek out and seize the opportunities emerging in the recovery. One of the most crucial components is to train the upcoming generation in skills like entrepreneurship which will help business models stay sustainable and afloat in times of crisis. Tolerance for ambiguity is also instilled in students at VPSoM, as it is an essential skill that helps thrive in a hyper-dynamic workforce that helps businesses to deal with uncertainty, unpredictability, conflicting directions, and multiple demands.

VPSoM students get:

•            Opportunity to raise their startup

•            Innovative and practice-oriented program

•            Open access to incubator

•            Mentorship by the top leadership of leading startups

•            Access to funding from government, NGOs, etc. 

•            Access to seed capital 

In addition, the School of Management has a close partnership with Harvard Business School Online, through which students can acquire a global perspective of the corporate world and be well-equipped to tackle business problems and experience the practical side of business affairs. With the help of HBS Online, VPSoM has created holistic, functional, and relevant education programs that guarantee global standards of quality and excellence. 

According to a report published by the World Economic Forum, "Scientists and entrepreneurs spend their lives anticipating and creating the future. They design techniques and practices to experiment and explore new options, and adapt quickly to evidence, pivoting into new areas when necessary."

The world already has enough of 'ruthless competitors'; Vijay Patil School of Management (VPSoM), on the other hand, wants to nurture mindful purpose-driven business leaders. 

Website link: http://vpsm.dypatil.edu/

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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