Application Process: 02 Aug, 2021 - 20 Sep, 2021 (Tentative)
Exam Date: 28 Nov, 2021 (Tentative)
Declaration of Result: 01 Jan, 2022 (Tentative)
Business studies, commerce, and courses related to them are booming in the educational sector. Business design and innovation management courses are a subpart of the commerce stream. The demand for business design and innovation management courses has now become one of the cores in big commercial industries and companies in particular and the business market in general. Business design and innovation management graduates see that new designs and human-centered innovations reach the markets and succeed. They help companies and industries in coming up with sustainable business strategies for design and innovation management.
Business Design and Innovation Management Course Highlight
Doctoral Program Level
Business Design and Innovation Management Courses
BBA in Entrepreneurship and Innovation
MBA in Innovation and Entrepreneurship,
PhD in Business and Management
BBA in Design Strategy and Management
MBA in Design Management
PhD in Innovation and Entrepreneurship
Undergraduate Diploma in Strategic Design and Management
MBA in Business Innovation and Strategy
Undergraduate Certificate Program in Innovation
Post-graduate Diploma in Business Design and Innovation
Startup and Entrepreneurship
Post-graduate Certificate Program in Innovation
Business Models and Entrepreneurship
The student must have at least 50 percent total marks in Class XII exams
The student must have at least 55 percent total marks in graduation level exam
The student must have at least 55 percent aggregate marks in PG course in related discipline
Minimum Salary (per month)
Rs. 20,000 per month
Rs. 25,000 per month
Rs. 30,000 per month
Maximum Salary (per month)
No upper limit for salary
No upper limit for salary
No upper limit for salary
Business Design and Innovation Management Courses Jobs
Small Business Owner, Sales Manager, Human Resource Manager, Business Reporter, Business Consultant, New Venture Developer, Teacher
Technical Designer, Business Strategist, Project Managers, Product Managers, Business Venture Owner, Business Consultant, Graphic Designer, Marketing Manager
Assistant Professor, Associate Professor, Research Scientist, Business Consultant, Business Owner, Advertising/Marketing Manager, Company Supervisor
Candidates aspiring to pursue business design and innovation management courses can apply for various courses at a different level- UG courses, PG courses, diploma, and certificate programs. Business Design and Innovation Management Course aspirants will have to qualify eligibility criteria that are set by colleges across the country in order to get admissions.
Scope of Business Design and Innovation Management in India and Abroad
The commercial sector has been growing more and more with every passing year at an international level. With so much commercialisation going on in almost every field- medical, art, technology – that the studies related to commerce and business have been witnessing huge demands and admissions of students lately. The multiplication of industries and business houses- whether small, big, independent or co-owned- has been recruiting students from these disciplines.
The development in technology and leanings to business ideas like sustainability and business cooperation has increased the demand for business design and innovation management in India and abroad. Companies around the world are hiring students to excel in these courses. Almost every industry and business house want to design products that are uncommon and sustainable, and this will be impossible without business designers and innovative managers. Business design and innovative strategists make sure that unique yet simple and sustainable products reach markets in the most efficient ways.
Prospects related to business design and innovation management are not popular in India but have been booming in foreign industries and companies as well. Any excellent student in the course can apply for further studies abroad in the same field or can get easily recruited in foreign MNCs as business consultants and designers.
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Business design and innovation management courses are mostly related to business and commerce streams. Mainly understanding business, business modelling, marketing strategies, prototyping, identifying risks and working towards innovation in business is all about business design and innovation management. Some of the subjects/topics that business design and innovation management courses consist of are –
Business Design and Innovation Management Subjects
Understanding Basic Business Principles and Concepts
Tenders and Contracts
Customer Relationship Management
Accounting for Managers
Building Materials and Elements
Introduction to Telecom
Computer Applications in Management
Management Organisational Behaviour
Interior Space Planning Services
Foundation to Design Basic Drawing
Global Citizen Leadership
Operations and Operations Management
Financial Management and Financial Research
Careers in Business Design and Innovation Management
Needless to say, the skills that one will acquire after successfully completing a Business Design and Innovation Management Course will make one a valuable asset for private sector entities. As the competition in business sectors is steadily increasing, companies are always looking out for experts who can improve their business design and implement innovative solutions for different problems being faced. In order to succeed as a Business Design and Innovation Management professional, one must exhibit the skills of focus, discipline, and hard work. The success one can actually achieve will be entirely dependent on the leadership and teamwork skills.
World economy has been modifying itself along the lines of new modes of business emerging in the markets according to the needs of the time. Ideas like sustainable development, small scale industrial development, minimalist business designs are being adopted in the course to make it as relevant as possible. More importance has been given to researching on business and consumer behaviour. The workings of important financial institutions like the World Bank, WTO and many others are also included in the recent studies of Business Design and Innovation Management.
Students will find new career opportunities in their way once they have successfully passed their course with not just marks but also with practical knowledge. Following are some of the most common job profiles related to Business Design and Innovation Management courses –
Job Profiles in Business Design and Innovation Management Field
One has to manage different business projects and assignments.
They have to teach business design and innovation management in colleges.
They can work as a business consultant in big companies. All they have to do is consult on matters of design management and business innovations.
One can work as a product designer in big companies. They have to design a product to make it look appealing.
As a brand strategist, one has to draw marketing and producing strategies for different products of a company.
Graphic designers help in the marketing of business firms and houses.
As a business director, their work is to direct and supervise employees under one.
As product managers, one has to see the processes in product making are all carried in a proper way.
Making business reports with new elements in the markets, experiments on products and other data.
Offering retail items to clients and analysing what the requirements and demands of clients in the business market are.
The career prospects on offer after a Business Design and Innovation Management Course are quite attractive as the demand for professionals is always on the rise. Below mentioned are some of the most prominent job profiles along with the expected average salary that one may expect: -
Average Salary After Business Design and Innovation Management Course
Salary per annum approx.
Rs. 2,40,000 - Rs. 12,00,000
Rs. 2,40,000 - Rs. 5,20,000
Rs. 2,20,000 - Rs. 4,50,000
Rs. 3,60,000 - Rs. 15,00,000
Rs. 3,60,000 - Rs. 8,00,000
The salary figures mentioned anywhere in this article is just for reference purposes. Please treat them as such. Actual salaries may vary depending on respective candidates, employer, job location, and numerous other factors.
Skill Set Required to Pursue the Business Design and Innovation Management Course
1. Problem-Solving Skills: Students pursuing this course must have problem-solving skills in order to provide solutions to emerging business problems in the world.
2. Analytical Skills: A business student must have analytical skills within him in order to analyse situations and come up with methods and solutions to tackle the situation in the most appropriate manner.
3. Management Skills: A student must have management skills in order to manage workers and employees of a company, supervise and coordinate with them, and manage their problems and supervise their work.
4. Confidence: A student must be confident in applying principles and business strategies and taking initiatives in the business market. If he lacks confidence, he will never be able to produce new designs and innovative strategies.
5. Mathematical Skills: A student cannot make designs and innovative strategies without applying mathematics. In order to understand and apply business statistics into the research, mathematics skills are very important.
6. Business Acumen: A successful candidate for this course is one who understands the principles of business and knows how to expand it. A student must know where to make profits and where to take risks.
7. Research Oriented: A student must have research orientations within him. He must be able to research the new trends and demands in the market- only then he will be able to study consumers and draw his own business strategies.
8. Leadership Skills: In order to achieve their goals, one must know how to lead those who are working with the person to maximise utilisation of human resources in the right way.
9. Verbal Skills: In order to clear the interview rounds and group discussion rounds for job recruitments, one must have communication skills. Moreover, communication skills will also help in connecting with colleague employees in companies and help in a more efficient and coordinated way.
The importance of business design has been recognized by business leaders all over the world. The course curriculum for business design and innovation management courses focuses on enabling the students to understand the processes involved in and application of innovation in management practices and design thinking to cater the growth aspirations of any organisation.The course curriculum empowers the students to appreciate the process of turning ideas into reality with latest design and innovation tools. Fostering leadership qualities and encouraging collaborative teamwork are also the key focus areas for the course curriculum.
student must possess a recognised bachelor’s degree or equivalent exam degrees like CA, CS or ICWA.
The cut off has not yet been released by IIM. As of last year, the cut off for IIMs was 90 percentile.
CAT 2020 is scheduled to be held on November 29. CAT will be conducted by IIM Indore for 2020.
According to the difficulty of the question paper, XAT is considered to be more difficult than CAT because of additional sections of decision making and general knowledge.
Some of the top colleges are- National Institute of Design Ahmedabad; Pacific University Rajasthan; Advance Institute of Business Management Haryana; and many more.
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