Yes, it is compulsory for MBA students at Lovely Professional University (LPU) to go for a live project as a part of their curriculum. The university believes in providing students with practical exposure and hands-on experience, which is why live projects are an integral part of the MBA program.
Live projects provide students with an opportunity to work on real-world business problems and challenges. Students are expected to apply the concepts and theories they have learned in the classroom to solve these problems and come up with innovative solutions. This not only helps students gain practical experience but also helps them develop critical thinking and problem-solving skills.
The live project is usually done in the final year of the MBA program, where students work on a project for a period of 8 to 12 weeks. The project can be done in collaboration with a company or an NGO, where students work on a specific project assigned by the organization. Students are expected to prepare a report and present their findings to the faculty and industry experts.
Apart from live projects, LPU also provides industry internships to MBA students, where they get an opportunity to work with reputed companies and gain hands-on experience in the industry. These internships are usually done during the summer break or winter break and provide students with an opportunity to apply the concepts and theories they have learned in the classroom to real-world situations. Overall, live projects and industry internships are an essential part of the MBA program at LPU, providing students with practical exposure and preparing them for successful careers in the industry.