Startup advice from B-schools: Learn before you leap

Business schools are now devising new curriculums to highlight the reasons for startup failures, along with extending initiatives such as chance of getting a corporate job later, or financial assistance for launching another startup.

Management students now have a new chapter added to their curriculum, and a very unique one.

Representative picture of graduating students. Business schools are now devising new curriculums to highlight the reasons for startup failures, taking a cue from the rising number of layoffs across some startups.

Taking a cue from the rising number of layoffs across some startups this year, top business schools have a friendly advice for students opting for entrepreneurship.

Colleges are now devising new curriculums to highlight the reasons for startup failures, along with extending initiatives such as chance of getting a corporate job later, or financial assistance for launching another startup.

Sample this.

Indian Institute of Management, Bangalore is drafting a new curriculum, including a course on entrepreneurship, as part of its mandatory courses, starting with the next academic year.

‘Look beyond startup success stories’ is the new philosophy of IMT Ghaziabad. The college has added a new chapter on ‘failure stories’, where students analyse the reasons for failures of popular startups in the recent past.

“Analysing the startup failure makes one a much better manager since he/she knows what it takes to succeed,” said Shalini Rahul Tiwari, associate professor, area chair, strategy, innovation and entrepreneurship, IMT, Ghaziabad.

Delhi-based Faculty of Management Studies is allowing students to take placement holidays. “Under this initiative, students can pursue their startup ventures and in case the ventures don’t work out, they can come back within two years of passing out and opt for campus placements,” a FMS spokesperson said.