1.To motivate students to generate innovative ideas that later can be transformed into realistic businesses.

2. The primary purpose of the lab is to offer an active learning environment in accordance with the present business world which encourages students to become independent learners.

3.To strongly encourage students to form course study groups and support these groups through peer and professional tutoring.

4.To offer practical problems, handouts, practice tests etc, to assist students.

5.Create an environment of learning and training that enhances knowledge and inculcates a continuous process of self-evaluation.

6.Develop innovative study programs and personalized support services in keeping with current demands of the market.

7.To undertake outreach activities and extension programs that contribute to societal needs.