Why MSME is Considered so Important in India?
MSME is now a new sector that not only promises a brighter future but can be considered a gateway for budding entrepreneurs. The sector holds utmost importance in the present world due to its upcoming bloom in the future world. By pursuing an MBA in MSME Management, you can be the leader of the future.
With a rapidly rising Indian economy, an MBA degree has emerged as one of the most important and prominent professional possibilities. Whether a person works in any domain, an MBA degree will offer up vast potential for increasing responsibility, professional progress, and financial rewards.
Currently, MBA has extended to various new domains like the MSME (Micro, Small, and Medium Enterprises). It is a new course and it mainly encompasses how to manage medium, small and micro organizations. ASBM University is the first university to put forward the innovative idea of creating a course MBA in MSME Orissa. But before moving on to MBA in MSME, let’s first understand the importance of an MBA in India.
The justification for its importance is that several universities in India provide an MBA curriculum. Furthermore, earning an MBA degree might assist advance your career, since multinational conglomerates typically recruit young workers having an MBA degree. MBA specializations have appeared in a variety of forms throughout the previous decade. The MBA programme has expanded beyond traditional marketing and sales fields to finance and human resources, as well as data analytics, entrepreneurship, hospital administration, business analytics, and international business strategy.
The main vision of an MBA in MSME Orissa is future-oriented. This is because; there is a possibility of a sudden surge in small and micro industries in the near future. Therefore, without having proper skills and knowledge, the growth of the MSME sector might become difficult. Youth are the future, and upgrading them with the skills necessary for this industry is imperative. MSME is believed to be the backbone of India, which immensely contributes to the country’s socioeconomic development and GDP.
Statistical evidence of 2023 indicates almost 90% of startups fail in India. 10% fail in the first year and around 70% experience breakdown within two to five years, which is a very common timeline of a pitfall for any startup. Well, only a few companies reach or exceed the valuation of 1 billion dollars, termed unicorns. And, most of the time the major and most common reason for failure is lack of management or poor management.
Thus, pursuing an MBA in MSME University Orissa can help people manage and operate startups effectively. Numerous budding entrepreneurs will be made through this MBA programme. However, unemployment is still a huge problem in this country, and the graduates of this course can look forward to having a fulfilled life, due to the novelty and exclusivity of the course. Studying MBA in MSME can be considered an excellent approach towards entrepreneurship.
Currently, MBA has extended to various new domains like the MSME (Micro, Small, and Medium Enterprises). It is a new course and it mainly encompasses how to manage medium, small and micro organizations. ASBM University is the first university to put forward the innovative idea of creating a course MBA in MSME Orissa. But before moving on to MBA in MSME, let’s first understand the importance of an MBA in India.
Why MBA is so important in India?
The justification for its importance is that several universities in India provide an MBA curriculum. Furthermore, earning an MBA degree might assist advance your career, since multinational conglomerates typically recruit young workers having an MBA degree. MBA specializations have appeared in a variety of forms throughout the previous decade. The MBA programme has expanded beyond traditional marketing and sales fields to finance and human resources, as well as data analytics, entrepreneurship, hospital administration, business analytics, and international business strategy.
What is MBA in MSME?
The main vision of an MBA in MSME Orissa is future-oriented. This is because; there is a possibility of a sudden surge in small and micro industries in the near future. Therefore, without having proper skills and knowledge, the growth of the MSME sector might become difficult. Youth are the future, and upgrading them with the skills necessary for this industry is imperative. MSME is believed to be the backbone of India, which immensely contributes to the country’s socioeconomic development and GDP.
Statistical evidence of 2023 indicates almost 90% of startups fail in India. 10% fail in the first year and around 70% experience breakdown within two to five years, which is a very common timeline of a pitfall for any startup. Well, only a few companies reach or exceed the valuation of 1 billion dollars, termed unicorns. And, most of the time the major and most common reason for failure is lack of management or poor management.
Thus, pursuing an MBA in MSME University Orissa can help people manage and operate startups effectively. Numerous budding entrepreneurs will be made through this MBA programme. However, unemployment is still a huge problem in this country, and the graduates of this course can look forward to having a fulfilled life, due to the novelty and exclusivity of the course. Studying MBA in MSME can be considered an excellent approach towards entrepreneurship.
ASBM University – the college to introduce this innovative curriculum
ASBM University, the only B-School in Odisha with Global Accreditation of ACBSP, USA offers MBA in MSME Management benchmarked with the best business schools of the world. Moreover, we have been ranked A+++ by Business India B-School Survey, 2022, in the league of IIM Tiruchirappalli.
Our MBA programme with a specialization in MSME Management focuses to equip students with knowledge concerning emerging and growing prospects. It is a two-year full-time programme, divided into four semesters. In this programme, only a few selected students will have the opportunity to undergo the 1st & 2nd semesters at ASBM University (ASBMU), Bhubaneswar and the 3rd & 4th semesters at ni-msme (National Institute for Micro, Small and Medium Enterprises), Hyderabad. We emphasize diverse concepts, approaches, and aspects to hone the skills required necessary for the identification of growth potentials and innovative possibilities to promote MSME and also double the effects on the business environment.
So, if you are interested, visit our website (https://www.asbm.ac.in) for more information. Otherwise, you can call us at 180034565855 or email us at info@asbm.ac.in
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