Are management graduates meant to be corporate servants or corporate masters? As a responsible member of the student community, what steps would you take to promote entrepreneurship among B-school students? Suggest implementable solutions.
Corporations are legal entities which are formed to conduct business. They exist as a product of corporate law and their rules balance the interest of shareholders that invest their capital and the employees who contribute their labour. People work together in corporation to produce. This simple definition of corporations by Wikipedia reveals that it is because of people corporations exist not because of corporations people exist. So corporations are for the people not people are for corporations.
Before concluding anything I think we should first analyze the difference between corporate masters and corporate servants or what do we mean by these two words. Corporate servants are those people who follow blindly the established rules of corporatocracy, a new term given to the government dominated by corporate influence and banks, and try to work out which rules are beneficial for them and which are not. In general they do not have enough courage to challenge the establish norms of corporatocracy. Corporate masters, on the other hand, adopt only those rules which are helpful in running the business efficiently. In the course of running the business wherever they find necessary they invent new procedures thus making the knowledge pool of corporatocracy bigger and bigger. So I think management graduates are meant to be corporate masters not corporate servants.
Now we have to see that “what is meant to be” is really happening in the real world or not. What we see is that the graduates of business school want to traverse the path of their seniors. They want to pursue those professions which their seniors have opted and or professions which have a history of good remunerations. This attitude persists in their professional life also and they just blindly follow their ancestors which makes them corporate servants. Very few of management graduates want to unfold unknown paths and if they do they discover new ways of doing things which is what management is about. But the proportion of these graduates is very little. So, generally we can conclude that management graduates are not meant to be corporate servants but nowadays they are becoming corporate servants.
As a student there are number of practical steps which I can take to promote entrepreneurship in business school students. I think risk taking ability is the foremost requirement for an entrepreneur. So to enhance this ability in business school students I will form a society whose whole purpose will be to organize adventurous trips. These adventurous trips will be trips to places which are not easily accessible or composed of those things which a normal person fears to do (these things exclude the acts which are not socially and morally acceptable). These trips will not only foster risk taking ability but they will also provide a platform for building team work.
As a student I am usually inspired by success stories. So I need to invite successful entrepreneurs as guest speakers to tell their tales to business school students and to highlight the mistakes which they have made in their ventures. Those guest speakers will serve as role models for students and many may choose to travel the difficult path of an entrepreneur. Almost all business schools have small canteens or cafeteria.
As a student I will request to business school administration that these small ventures should be run by business students which will give them a real life experience of handling a venture in a protected environment. This experience will also help them in choosing a new venture after their graduation.
I can provide a platform for business students to pitch in their ideas for capital collection from the student body. If a student has a feasible business plan with requires little investment can post his idea on the platform and those students who like the idea can pool in the money and pursue the venture. This will not only gives boost to generation of new ideas for business but also gives a chance to students to pursue a small venture.
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