Business Design and Innovation Management

Business Design and Innovation Management

Degrees offered: B.Des, B.E /B.Tech, Diploma, P.G.D, P.G.D.M

What is Business Design and Innovation Management

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

Parameters

Undergraduate Level

Postgraduate Level

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

Minimum Duration

1 Year

1 Year

3 Years

Maximum Duration

4 Years

2 Years

5 Years

Admission Criteria

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 Fees

Rs. 40,000

Rs. 60,000

Rs. 30,000

Maximum Fees

Rs. 1,50,000

Rs. 20,00,000

Rs. 5,00,000

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

Eligibility Criteria (UG & PG) of Business Design and Innovation Management

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.

Eligibility Criteria for Business Design and Innovation Management UG Course

  •  Aspirants for UG programs in business design and innovation management must have completed XIIth or any equivalent level examination in commerce stream with not less than 50 percent total marks from a recognised board or university in India. SC/ST category students must have at least a 40 - 45 percent score.
  • Students will have to clear entrance exams conducted by institutes across India. They may also be called for personal interviews and group discussions.


Eligibility Criteria for Business Design and Innovation Management PG Course

  • Aspirants for PG courses in business design and innovation management must have passed their graduation level exam in the related discipline with not less than 55 percent aggregate marks for General Category and 45 percent for SC/ST students.
  • Students may have to qualify for entrance exams like CAT, XAT, GMAT, CMAT conducted by colleges or universities across India. On the basis of both the scores, the candidates may be admitted to PG courses.


Eligibility Criteria for Business Design and Innovation Management Diploma Courses

  • Candidates should have passed XII or any equivalent exam from any recognised board or university of India with not less than 50 percent.
  • For PG level diploma courses, students must have at least 50 percent marks in graduation.
  • Many institutes also require CAT/XAT/GMAT/ATMA/CMAT exam scores of applying candidates.


Eligibility Criteria for Business Design and Innovation Management Ph.D. courses

  • Candidates seeking admission in PhD courses in business design and management should have passed a PG course in a related discipline with at least 55 percent of aggregate marks.
  • Students may have to qualify for entrance exams conducted by colleges or universities across India. On the basis of both the scores, the candidates may be admitted to these courses

Scope of Business Design and Innovation Management in India and Abroad

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.

Course Fees Business Design and Innovation Management

Minimum Fees Maximum Fees
Private Government Private Government
UG
25.04 Lakhs
B.Des in Business Design and Innovation Management at ISDI School of Design and Innovation, Mumbai
---
Data not available
25.04 Lakhs
B.Des in Business Design and Innovation Management at ISDI School of Design and Innovation, Mumbai
---
Data not available
PG
15.00 K
P.G.D in Business Design and Innovation Management at Shri Jagdishprasad Jhabarmal Tibrewala University, Jhunjhunu
1.29 Lakhs
MBA in Business Design and Innovation Management at Mahatma Gandhi Chitrakoot Gramodaya Vishwavidyalaya, Chitrakoot
11.56 Lakhs
M.Des in Business Design and Innovation Management at ISDI School of Design and Innovation, Mumbai
1.29 Lakhs
MBA in Business Design and Innovation Management at Mahatma Gandhi Chitrakoot Gramodaya Vishwavidyalaya, Chitrakoot
DIPLOMA
4.16 K
Diploma in Business Design and Innovation Management at Anbanathapuram Vahaira Charities College, Mayiladuthurai
---
Data not available
4.16 K
Diploma in Business Design and Innovation Management at Anbanathapuram Vahaira Charities College, Mayiladuthurai
---
Data not available

Course Subjects

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

 

Digital Marketing

Tenders and Contracts

Entrepreneurship Development

Research Methodology

Professional Practice

Customer Relationship Management

International Business

Accounting for Managers

Business Taxation

Business Designing

Project Management

Quantitative Techniques

Building Materials and Elements

Marketing Subjects

Business Laws

Human Resource Management

Finance

Business Analytics

Introduction to Telecom

Business Environment

Business Economics

Computer Applications in Management

Estimation Costing

Management Organisational Behaviour

Business Communication

Interior Space Planning Services

Enterprise Applications

Ebiz Technology

Managerial Economics

Business Research

Foundation to Design Basic Drawing

IT Security

Global Citizen Leadership

Operations and Operations Management

Financial Management and Financial Research

Careers in Business Design and Innovation Management

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.

Job Profiles and Top Recruiters

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

S.No.

Job profile

Job Description

1

Project manager  

One has to manage different business projects and assignments.

2

Lecturer

They have to teach business design and innovation management in colleges.

3

Business consultants

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.

4

Product designer

One can work as a product designer in big companies. They have to design a product to make it look appealing.

5

Brand strategist

As a brand strategist, one has to draw marketing and producing strategies for different products of a company.

6

Graphic designer

Graphic designers help in the marketing of business firms and houses.

7

Business directors

As a business director, their work is to direct and supervise employees under one.

8

Product managers

As product managers, one has to see the processes in product making are all carried in a proper way.

9

Business reporters

Making business reports with new elements in the markets, experiments on products and other data.

10

Sales representatives

Offering retail items to clients and analysing what the requirements and demands of clients in the business market are.

 

Top Recruiters in Business Design and Innovation Management Field

  • Deloitte India
  • IBM
  • Infosys
  • Big Basket
  • Café Coffee Day
  • HDFC Bank
  • Natural Remedies
  • ICICI Bank
  • Harman Company
  • Gujarat Borosil Limited
  • Quess Company

Average Salary

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

Job Profile

Salary per annum approx.

Product Designer

Rs. 2,40,000 - Rs. 12,00,000

Graphic Designer

Rs. 2,40,000 - Rs. 5,20,000

Sales Representative

Rs. 2,20,000 - Rs. 4,50,000

Project Manager

Rs. 3,60,000 - Rs. 15,00,000

Lecturer

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.

Required Skillset for Business Design and Innovation Management

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.

Course Curriculum for Business Design and Innovation Management

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.  

Frequently Asked Questions (FAQs)

Question: What are the eligibility criteria for XAT 2020?

Answer :

student must possess a recognised bachelor’s degree or equivalent exam degrees like CA, CS or ICWA.

Question: What is the cut-off for CAT 2020?

Answer :

The cut off has not yet been released by IIM. As of last year, the cut off for IIMs was 90 percentile.

Question: When is CAT 2020 going to be held?

Answer :

CAT 2020 is scheduled to be held on November 29. CAT will be conducted by IIM Indore for 2020.

Question: Which of the two is tougher, CAT or XAT?

Answer :

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.

Question: What are some of the good colleges for MBA in design management?

Answer :

Some of the top colleges are- National Institute of Design Ahmedabad; Pacific University Rajasthan; Advance Institute of Business Management Haryana; and many more.

Questions related to Business Design and Innovation Management

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