The orthodox classroom techniques of teaching business administration have been relevant until a few days back when many of the major universities are applying practical methods to make the learning more innovative and fun. After the theory classes, for a certain period of time,students are put into the real life situations of their respective management streams. There are several examples when students were helped to attain out of the box training programs and practical field internships.
There are many things which business schools in Delhi can adapt from these foreign universities to get their students a better learning ability. Currently there is no scarcity of war zones with steeply deteriorating economies. Management students are given the opportunity to go into the war zones and understand the roadmap to redevelop the economy.
Many of the destinations include Bosnia, Lebanon and Uganda. These places have been under zero degree temperature and the gas supply has been cut off by Russia. However, the students give their best working with non profit organisations to contribute to the development as much as possible.
It is important for the businessmen and managers of tomorrow to learn about community services. Students are taking up the opportunity to work with underprivileged communities along with the bank managers to learn how to lend responsibly.
The students evaluate loan approval from the received documents and then those loans are sanctioned to individuals and communities in rural areas. This gives the students a better understanding of microfinance and make them proactive in decision making.
Large multinational company undergo various international projects irrespective of the foreign policy of their source nation with other countries. This type of trade is called international trade. Students chose various companies and do research on their work policies by interviewing and learning from their executives. The agenda behind this is to learn how to manipulate the best things for business when international politics meets the world trade.
Private equity and venture capital are tricky businesses. These require real good knowledge of market, product and predictability. There are firms which teach the students this process the hardway. These firms are completely run by students and they are expected to gain returns from investments.
There are the practical ways to learn about the procedure, but it could not get better to practically run a business of such magnitude from the scratch. The top MBA colleges in Delhi could easily follow up such techniques as they have availability of all resources within the bounds of city for it is one of the largest industrial cities in India.