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New Enterprise Creation:
The students graduated in NEC stream are trained to identify/create (through innovation & creativity) business opportunities. Experienced academicians and practitioners train them on various issues related to setting up of business. The students acquire know-how on how to;
- develop a bankable project,
- develop essential network required for running a business,
- arrange and manage finance,
- compete in the market place, etc.
Majority of the students graduated in NEC specialization from EDI now own an established business in India and / or abroad. They are contributing to the social and economic progress of the nation by adding to its GDP and providing employment to others.
Family Business Management:
FBM students are equipped with the managerial skills required to bring continuous growth in the existing family businesses. Potential successors of many top-ranking companies have joined this course. Students graduating with FBM specialisation are giving remarkable performances in their businesses. They have taken their businesses to new heights by way of diversification and expansion. Their contribution has resulted in cost cutting, adoption of better management practices and increase in competitiveness in the dynamic global market.
Agri-Entrepreneurship:
Government is encouraging people to enter into agri-business by creating enabling-environment through priority lending, less bureaucratic formalities, tax benefits, etc. This has created a number of business opportunities. Business options open to students of agri-entrepreneurship in this sector include contract farming, food/fruit processing, service sector projects like horticulture clinic, agri-business clinic, cold chain facility, farm advisory centers, commodity exchange, export promotion units for peanut butter, psyllium husk, bran oil, etc.
Services Management:
This is a new stream introduced by the institute mainly to orient and equip students of this specialisation towards how to establish and manage business in the services sector where the opportunities are diverse. As services have four inherent characteristics viz, intangibility, perishablility, inseparability and variable, they create unique challenges. The students graduating with services management specialisation are trained to face these challenges; attract new customers and to retain the existing ones. This specialisation enables them to reduce intangibility, dependence on customer-employee interaction, varying levels of services provided to customers as also manage customer expectations.
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