Entrepreneurship, Employability and Business Education are complementary to eachother. Employability means ability/skills of a person which make him/her eligible for some employment/job. Employment is generated by Entrepreneur/Employer who createsa new business. Business education is necessary to make a person eligible/suitable for some specific job by developing some managerial/business skills like decision making, communication skills, Inter-Personal skills and presentation skills etc. It is not necessary that only a business education promise someone, a good job or helps him/her to start a new business/entrepreneur, but it is proven fact that management/business education can improve the skills like decision making, operational techniques, Marketing concepts, Presentation and Inter-Personal etc. In today’s competitive business environment it becomes necessary to be ahead of others through some differentiation in product, process or policies. Management Concepts under statistics like Game Theory, AssignmentProblem, Statistics Quality Control and many other techniques helps in minimizing the loss or maximizing the profit, quality Control. Doing business is technical process, required some training fromboth theoretical and practical point-of-view. This kind of training is being provided by Business Schools. There are a number of companies being established and run by people, who has taken some business education. Today, there are a number of Business Schools like IIMs, IITs and IIPM, who are not only producing Entrepreneur (who create a new business) but also producing good Managers (who runs business). If a person is having M4-Man, Money, Machine and Material along with time, space and risk bearing capacity, he will become a entrepreneur and if a person has the lack of money and risk bearing capacity but has personal skills and attitude, starts to do a job(Manage Business), called Manager. He renders his skills to entrepreneur /government and gets money. A Business School is a place where a person can get develop as a manager or as an entrepreneur, it means a good business school must teach and train them according to the desired standard.
Entrepreneurship, Employability, Business Education, Managerial/business skills, Decision making, Communication skills, Inter-Personal skills, Presentation skills, Operational techniques, Marketing concepts, Competitive business environment, Game Theory, Assignment Problem, Statistics Quality Control, Risk bearing capacity, Business School
