Institute of Business Administration

ELP Overview

What is ELP?

Experiential Learning Projects (ELP) program is an academic driven management consulting intervention under which our senior students’ groups from the BBA and BS-Accounting & Finance (BSAF) programs, help organizations in analyzing the issues that warrant investigation, conduct primary & field research, and develop options for cost effective implementable solutions. The aim of this program does not only entail the acquisition of industry knowledge, but also embodies an effort to help our students integrate their functional learning in an integrated holistic manner and apply it to resolve the problems faced by different organizations.

How is ELP different from Corporate Internship experience?

Parameters	Corporate Internship	Experiential Learning Program (ELP)
Tenure/Duration	6-8 weeks	4 months long
Scope	Task oriented	Goal-oriented
Objective	Focus on orienting students to the industry workings and corporate culture	Focus on solving problems/challenges identified by companies
Academic Weightage	Mandatory academic requirement for graduation	Graded Component For BBA: 12 Credit hours / 4 courses For BSAF: 6 credit hours / 2 courses

Key Statistics

						Total
	2020	2019	2018	2017	2016	Total
Total Number of Students Participated in ELP	218	259	207	275	300	1,259
Total Number of Projects Undertaken	44	55	40	52	65	256
Total Number of Faculty Advisors Involved	13	20	15	24	19	91*
Total Number of Partnering Companies/NGOs	35	44	30	39	52	200
*Few faculty members served as ELP Faculty Advisors in multiple years

Area of Investigation	No. of Projects					Total
Area of Investigation	2020	2019	2018	2017	2016	Total
New Ventures/Feasibility Studies	15	21	06	26	13	81
Marketing Strategy/Market Research	09	13	16	09	16	63
Strategic Analysis & Management	05	05	06	03	16	35
Human Resource Structuring	02	03	03	03	02	13
Management Control Systems	05	08	02	01	01	17
Supply Chain Management	05	02	01	03	03	14
Others	03	03	06	07	14	33
Total	44	55	40	52	65	256

ELP Activities & Timeline

ELP Start Date	January 21, 2021
ELP Duration	4-5 months
ELP group size	4-5 final semester students
ELP Supervision	IBA Faculty Advisors
ELP working arrangement	Depends on the company. Students will be available for project from Monday-Friday with classes to be held on Saturdays/evenings only. Some companies require students to attend office 5 days a week, while others require once a week arrangement.
ELP Stipend	Depends on the company. Primary objective is to give them industry experience; monetary benefits are secondary.

Areas of Investigation

Companies could help engage our student groups in a relevant project within their organization in areas not restricted to but that may include:

New Ventures / Feasibility Studies
Management Control Systems
Human Resource Restructuring
Strategic Analysis & Management
Marketing Strategy
Supply Chain Management
Resource Mobilization strategies
Financial Management
Process Re-engineering and Change Management

However, we will welcome other projects or problems/challenges that organization deems of interest.

Working of ELP

These projects are conducted under close supervision of IBA faculty advisors. A group of 4-5 students along with a faculty advisor is assigned to each project.

As a first step towards ELP, the Project Detail Form is shared with companies to obtain details of the project and to gauge their interest in this program. The form serves as a starting point of the project wherein an initial understanding of the problem/project is shared by the client organization with the IBA. In consultation with the IBA Faculty Advisors, the client organization further develops and/or hones the project plan to meet the requirements of the ELP.

Afterwards, students in consultation with the companies develop the ‘Terms of References (TORs)’ covering the nitty-gritty of the projects. Students start working on project from January for a period of 4-5 months depending on the project scope.