Convocation Speech by Shri G. M. Rao, Group Chairman, GMR Group; Chief Guest for the 15th Convocation of EDI’s Post Graduate Programmes

The EDI Convocation of PGDM 2012-14 batches took place on 19th April, 2014 at the EDI campus. Shri G. M. Rao, Group Chairman of GMR Group was the honorable Chief Guest who addressed the students on the special evening.

He shared some personal learnings & knowledge about the Entrepreneurship field and motivated students to keep their burning passion alive to achieve success.

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An excerpt from his speech:

“I compliment EDI and its Governing Board for conducting these crucial programs. EDI has been spearheading entrepreneurship development movement throughout the nation with a belief that entrepreneurs need not necessarily be born but can be developed. Being an entrepreneur myself, I highly appreciate this noble task amidst a time when globalization and technology are transforming our economy. I feel so proud to be here today and wish I would have got such unique opportunity of learning entrepreneurship in my college time, maybe I was born much earlier.

Dear students, today is your day and a very special one indeed for you and your dear ones. I am truly happy to be with you to share your joy and excitement. As you cross this important milestone in your life and embark on the journey of entrepreneurship, I am sure all of you will contribute significantly in bringing economic prosperity to our beloved country.

The evolutionary process of Indian style of leadership is being studied as a success story in the leading business schools of the west. Entrepreneurship is the only way to alleviate poverty. And, I am so glad that EDI is creating beautiful entrepreneurs of tomorrow.

Well, people see me as a very successful entrepreneur; however they do not know that my last four decades of journey which started from zero base has been full of adversities which threw up challenges all the time. I strived hard to do my best overcoming the situations and turning them into opportunities. Learning’s from those adversities have been phenomenal and has shaped me what I am today. In fact, this helped me build GMR Group what it is today.

I started without any political support, any financial support in a very limited environment. I had a burning desire to do something. If you have Passion, Patience and Perseverance you can create success in your lives.

I always had the burning desire to do something irrespective of the insignificant background; I had no financial support and no political support. It was that fire in me which kept me moving from one success to another. Hence, nothing is impossible, you can achieve whatever you want if you have the burning desire in you.

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During the process of seeking opportunities, I got brewery license…. sugar factory license. I started another Jute Mill after acquiring it, started Ferro Alloys, Rolling Mills and what not. You name it I was there in that business including trading of timber, IT company, ear buds manufacturing. That was a time when I started different businesses simultaneously.

I was able to operate so many businesses simultaneously because I used to go deep into details of the businesses, understand the nuts and bolts, formulate the operational strategy and quickly delegate to the management so that I can work on the bigger picture. I call this as ‘Helicopter View’ because of deep dive into details and quickly moving upwards on the surface for the big picture.

I tried almost 28 businesses and knowingly or unknowingly became the ‘serial entrepreneur’. I call this as an opportunistic phase, where I was just grabbing whatever came my way.

We came across a huge opportunity of Chennai Power Plant requiring investment of Rs. 800 Cr. My team was initially very apprehensive of this, however I was very confident and fearlessly went ahead. Then we signed an agreement for 200 MW of Power Plant to set up in Chennai. I brought the world best technology in the Power Plant and with great difficulty successfully implemented it.

We had several businesses, 28 businesses, spanning jute manufacturing, Ferro-chrome manufacturing, sugar and so many more.

Moving into strategic mode, I divested all the unrelated businesses. Even my most profitable ventures at that time I divested. We were following our vision “we should build entrepreneurial organizations making a difference to the society through creation of value” and whatever was not fitting into it we divested.

Entrepreneurs need to follow their vision and strategy without any emotional attachment.

Also, whatever I do my thinking is that it should not only add economic value but should also contribute towards social value. I think that mindset has tremendously helped me in building the national assets which are contributing significantly for the social and economic growth of the country. For example, according to the economic research wing of government NCAER, Delhi Airport in 2009-10 has contributed more than 13.5% to Delhi State GDP and 0.45% to National GDP. Not only this, Delhi airport contributes 1.6 million direct and indirect jobs which is about 26% of the total Delhi’s employment.

After the foray into Delhi Airport, we entered into creating power plants with gas assets, thermal, solar and recently hydro power plants.

GMR Group, true to its vision of ‘Creating Value to the Society’, ventured into businesses of nation building, it was the first mover – first for the Group, first for the industry, and first for the country.

But sustainable growth cannot be achieved without institution building; hence we are now focusing on four pillars of Institution Building – People, Process, Technology and Governance. Family governance is also part of our Institution Building process. Actually, Corporate Governance and Family Governance are inter-linked blocks completing the cycle of Institution Building.

I strongly believe in the philosophy “Run the business like a family and the family like a business”.

Only running the business has never been my thought process, I always believe that it is my duty to give back to the society in whatever way I could. ‘Inclusive Growth’ has always been my philosophy.

If I look back at my journey and think about what made me successful. I found out few important traits from beginning helped me:

Our seven values and beliefs which are Humility; Teamwork & Relationships; Respect for Individuals; Learning; Deliver the Promise; Entrepreneurship; and Social Responsibility.

Attitude gives altitude. Positive attitude coupled with the seven values helped me, in accomplishing whatever little I could till now, which I thought of sharing with you. Though, my journey is full of adversities but I sailed through it successfully learning from my failures. Always, remember that- ‘Success is a great Motivator and Failure is a great Teacher’

My dear friends, in conclusion I would like to say that India is a perfect place for your entrepreneurial journey. Two decades back, westerners visiting India thought what they could do for this country. Now the attitude has changed. People visiting India are asking, what India can do for them. With great pride, I can say that no multinational company can afford to be absent from India because of its enormous intellectual manpower.

India has become the testing ground for budding entrepreneurs and we are experiencing increasing trend of innovation and creativity thus producing numerous successful entrepreneurs which is growing every passing day. Traditional entrepreneurial practices and systems are fast getting blurred by new knowledge and understanding, and in that sense you are fortunate to have been educated to pursue entrepreneurship from a guided perspective. I am extremely confident that you people will create enterprises bigger than Facebook and Google.

However, my dear friends remember that in this volatile, uncertain and complex environment, anxiety levels are going up rapidly. If you have to lead a sustainable growth, you have to manage yourself first. And to manage yourself physically and emotionally you need spirituality and yoga, which is irrespective of any religion.

My dear friends what truly matters, is how you evolve as successful human being. No matter what business you are engaged in, be it small time trading or a multi-national company, I strongly suggest that it should be purpose-driven and value-led journey. If your means are value-based, the end is always heartening. Always remember, all of you are the authors of your own destinies.

There is a beautiful saying that –

“Managers Preserve Wealth, Leaders Nurtures Wealth and Entrepreneur Multiplies Wealth”

With this, I wish each one of you all the very best in your journey of entrepreneurship.

I am immensely Grateful to you all for giving me this opportunity to share my learnings and experiences with you.

Thank you !

Seminar Courses under PGDM-BE programme – Part 4

The seminar courses are an important part of the PGDM-BE programme at EDI. They are specially designed to provide in-depth understanding of various sectors where the student wants to associate in future. These first-year seminars are taught by EDI faculty in association with various industry experts and consultants. Seminar faculty often serves as informal mentors for their students long after the class has ended.

(Find a list of topics in continuation to our previous blog posts :

1. http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme/

2. http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme-part-2/

3. http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme-part-3/)

 

(16) Real Estate & Construction (RE&C)

Students will get detailed information on housing, commercial segments and retail segments. They will get to know everything from current market, space to rentals.

(17) SME Consultancy (SMC)

Reflecting the recent economic slowdown in India, it is found that the Indian consulting market grew by 4% in 2012 to just over Rs.9000 Crores. The report says that despite this modest growth, the economic slowdown has in some ways become an important driver of demand in India’s consulting market as clients seek help to both increase revenue and improve efficiency.

Interestingly, it is found that small and family owned businesses are becoming increasingly important buyers of consulting services in India as a new breed of young, highly-educated business people rise in the ranks and are eager to take their businesses to the global stage.

Students will know how the conservative, provincial local businesses of India are being transformed by a new generation of sophisticated, highly educated young professionals who are confidently taking the helm, steering their ships into international waters.

(18) Textiles & Garments (T&G)

The Indian textile industry is likely to grow by 16 percent this year and could reach US$ 115 billion by 2012-end, according to a recent report released by ASSOCHAM. The domestic market is likely to increase from ` 34.6 billion to 60 billion by 2012. India’s share of global textile exports is poised to increase from current 4% to around 7% over the next three years.

Students will learn about the positive and negative factors, like -depreciating rupee and decreasing cost competitiveness of China, -economic uncertainty in US and Europe, -volatile global markets affecting demand,- volatile foreign exchange rates ,-increase in minimum support price for cotton, etc.

(19) Tourism & Hospitality (T&H)– The tourism and hospitality industry of India is thriving and growing at a fast pace. The country’s travel and tourism industry is one of the most profitable industries in the country, and is credited with contributing a substantial amount of foreign exchange. India’s rich cultural heritage, traditions, festivals, food, architectural monuments, hospitality and services are positive strengths for its tourism sector.

The interesting part is that the Indian tourism sector needs an urgent image makeover and higher investment in infrastructure, including through public-private partnership (PPP) mode to capitalise on opportunities provided by overall growth in world tourist arrivals, according to the Economic Survey 2012-2013.

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Seminar Courses under PGDM-BE programme – Part 3

The seminar courses are an important part of the PGDM-BE programme at EDI. They are specially designed to provide in-depth understanding of various sectors where the student wants to associate in future. These first-year seminars are taught by EDI faculty in association with various industry experts and consultants. Seminar faculty often serves as informal mentors for their students long after the class has ended.

(Find a list of topics in continuation to our previous blog posts :

1. http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme/

2. http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme-part-2/)

 

(11) Healthcare & Lifesciences (H & LS)

Healthcare resources in India though not adequate, are ample. There has been a definite growth in the overall healthcare resources and health related manpower in the last decade. However, unequal distribution of resources becomes apparent and access to quality healthcare services has been limited by income inequality.

The government of India is considering a proposal to increase public expenditure on drugs from 0.1% of GDP to 0. 5. of GDP and provide free essential medicines to all. Apart from this, more facts & real picture about the field will be imparted to the students.

(12) Information Technology Enabled Services (ITES)

The global technology and related services sector recorded a steady growth of 4.8% in 2012 to USD 1.9 trillion .As per latest report of NASSCOM, IT-BPM services and software products continued to lead, accounting for over 58% of total IT spend .Total revenues of IT industry is expected to grow by about 13-15 per cent.

Students will learn more on how Cloud computing and virtualization technology provides flexibility, convenience as well as reliability along with cost optimization. Convergence of mobility and web is opening several opportunities for new applications for mobile access to the system particularly in the area of business intelligence and reporting. Existing applications also need enhancements to incorporate these technologies.

(13) Infrastructure (INFRA)

India’s infrastructure sector spearheads the growth of the Indian economy. Recent policy initiatives and the emphasis on infrastructure showed by the government in the budget are also expected to provide an impetus to the sector.

Students get to know about the Business Environment changes, selection criteria of bidders, change in law, credit availability, delay in government clearances/approvals, etc.

(14) Logistics & Supply Chain (L & SC)

The annual logistics cost in India is estimated to be 14% of the GDP, which translates into USD 140 billion assuming the GDP of India to be slightly over USD 1 trillion. Out of this USD 140 billion logistics cost, almost 99% is accounted for by the unorganized sector and slightly more than 1%, i.e. approximately USD 1.5 billion, is contributed by the organized sector.

There are many Opportunities coming on the way like Manufacturing boom, expected rise in International trade from India, MNC’s setting up manufacturing in India, Government’s thrust on Infrastructure and implementation of VAT will lead to growth in warehousing business.

(15) Chemicals & Allied Products(C&A)

Chemicals are a part of every aspect of human Life, right from the food we eat to the clothes we wear to the cars we drive. Chemical industry contributes significantly to improving the quality of life through breakthrough innovations enabling pure drinking water, faster medical treatment, stronger homes and greener fuels. The chemical industry is critical for the economic development of any country, providing products and enabling technical solutions in virtually all sectors of the economy.

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Seminar Courses under PGDM-BE programme – Part 2

The seminar courses are an important part of the PGDM-BE programme at EDI. They are specially designed to provide in-depth understanding of various sectors where the student wants to associate in future. These first-year seminars are taught by EDI faculty in association with various industry experts and consultants. Seminar faculty often serves as informal mentors for their students long after the class has ended.

Let’s see a brief of the various topics that fall under the Seminar Courses: (In continuation to the previous blog post – http://blog.ediindia.ac.in/seminar-courses-under-pgdm-be-programme/)

(6) Mechanical Engineering (ME)

The Indian engineering industry accounts for 27 per cent of the total factories in industrial sector and represents 63 per cent of the overall foreign collaborations. The engineering sector is one of the major contributors to the country’s total merchandise shipments. India is one of the leading offshore destinations in delivering engineering research and development (ER&D) services with a market share of 22%.

Students will be briefed about the transport equipment, capital goods, other machinery/equipment and light engineering products like castings, forgings and fasteners.

(7) Media & Entertainment (M & E)

The Indian M&E industry is projected to grow 11.8 per cent to clock revenues worth Rs 91, 700 crore (US$ 16 billion) in 2013, according to an industry report.

Students will get a complete information about television, print, radio, animation, visual effects, films, music and internet. Moreover, the Government’s drive towards digitalization and addressability for cable television by 2014 is expected to provide a boost to direct-to-home (DTH) and digital cable growth

(8) Environment & Green Business (E&GB)

Climate change caused by increased GHG emissions from energy and resource inefficient manufacturing equipment gives rise to wide range of long term economic security threats. Increasing levels of toxicity released into the ecosystem from pesticides and by-products from manufacturing process threaten the well being and productivity of human beings and have led to the extinction of several animal species.

Students will get to know about the energy efficiency concern further accelerated by concerted Government of India policy to enable faster integration. Green Chemistry is a practice of scientific research that focuses on increasing the safe and accelerated biodegradation of chemical by products and discovering natural substitutes for synthetic and harmful chemicals. It will also include Water Security & Access, Waste Management & Sanitation and Energy Security.

(9) Financial services (FS)

The Indian financial services sector is one of the most complex, yet one of the most robust service segments of the Indian economy. Spanning from insurance to capital markets, banking to foreign direct investments (FDI) and from mutual funds to private equity (PE) investments, the financial services sector covers all related segments under its umbrella.

This topic will help students to know about the major effects in its abstract as well as physical form post liberalization, international financial frameworks and promises to surpass them in terms of performance in the years to come. Sectors under finance include Insurance Sector, Banking Services, Mutual Funds Industry in India, Private Equity, Mergers & Acquisitions in India and Foreign Institutional Investors (FIIs) in India.

(10) Food Processing (FP)

Food processing is one of the largest industries in India, ranking 5th in terms of production, growth, consumption, and export. Many big international players are entering the Indian market by partnering with domestic players. This trend will emerge more strongly by 2015, providing opportunities to local players.

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Seminar Courses under PGDM-BE programme – Part 1

The seminar courses are an important part of the PGDM-BE programme at EDI. They are specially designed to provide in-depth understanding of various sectors where the student wants to associate in future. These first-year seminars are taught by EDI faculty in association with various industry experts and consultants. Seminar faculty often serves as informal mentors for their students long after the class has ended.

Let’s see a brief of the various topics that fall under the Seminar Courses:

(1)  Agricultural business (AB)

The scope and opportunities in the agri-business have substantially expended due to globalization of trade and agriculture and the policy reforms at national level, leading to an unprecedented level of corporate interest in this sector.

Under this course students will be imparted with knowledge related to livestock wealth, organic farming, seeds, genetically modified crops and more on related topic.

(2) Automobiles & Ancillaries (AUT)

The Indian automotive industry comprises of a number of Indian-origin and multinational players with varying degree of presence in different segments. Today, nine of the top ten global automotive manufacturers have a presence in India which clearly points to its importance as a strategic market. Similarly, the domestic tractor market also has a mix of Indian-origin and international manufacturers.

The current low vehicle penetration of 15 vehicles per 1,000 population (compared to an average of 120 vehicles per 1,000 population for the world) also suggests that there are significant growth opportunities for the industry. Along with this, students will also be given an idea about the opportunities & threats in the field.

(3) Design & Fashion (D&F)

Indian Fashion Industry is at its infancy at the moment and has great potential to make the mark on the world stage. Fashion Industry is growing at a rapid pace with international developments, such as the India Fashion Week gaining popularity and annual shows by fashion designers held in major cities of India.

Students will be given a complete analysis along with facts and figures of not only the Indian market but the international market as well.

(4) Education & Training(E&T)

The Indian education system is one of the largest in the world. The education sector is divided into two main segments; the core segment comprises of schools and higher education, while the non-core comprises of coaching classes, pre-schools and vocational trainings. Realising the fast growth of education sector in India, many private companies are looking for relevant acquisitions and alliances in this space. As the education segment is expected to undergo intense changes and activities in terms of foreign partnerships and foreign players entering the market in the coming years, swill be briefed about the Indian players rejuvenating and improvising their methodology, technology and course content to match the competition.

(5) Electricals & Electronics (E & E)

Electronic industry is one of the fastest growing industries in the country and is driven by growth in key sectors such as IT, Consumer Electronics and Telecom. Indian electronics industry today stands at US $ 25 billion and is ranked 26th in the world in terms of sales and 29th in the world in terms of production. It is growing at over 25% CAGR and is expected to be worth US $ 158 billion by 2015.

Students will be given in depth details about the exciting and worrying events for the Electronics Industry in India, slowdown in the country’s economic growth, far-reaching consequences for the Indian Electronics industry and more.

Watch this space for more topics under the Seminar Courses.

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Design your Ahmedabad

Design your Ahmedabad Challenge was an initiative by EDI & eChai Ventures that took place on 8th March, 2014 at EDI campus as a part of the Empresario 2014 to address the civic issues in the city. Its aim was to make Ahmedabad a better place to live in by engaging entrepreneurs, professionals, academicians, students, and civic authorities to build solutions for the civic challenges faced by the people of Ahmedabad. 

Entrepreneurs, professionals, academicians, students and civic authorities came together to
build a better Ahmedabad

Initially all the participants pitched their ideas that included problems, potential solutions and how they are willing to contribute. Some of the ideas suggested were for promoting responsible traffic and parking behavior, clean air awareness campaign, clean public toilets and waste management among other issues. These ideas were then brainstormed upon and finally thirteen projects were selected and the participants who proposed these ideas will lead the projects in implementation.

Out of all these projects, top 5 were voted as winners by the participants.

The projects are:

1. RIDE SENSE. PRIDE SENSE –

Sticker Campaign for promoting responsible traffic and parking behavior by Pathik Jhalavadia, Tech Entrepreneur

2. LET’s GO!–

Car Pool/ Ride Sharing for events by Deep Patel, Budding Entrepreneur

3. CLEAN KAR CAMPAIGN–

Clean air awareness campaign. On-ground activities with volunteers + videos, pamphlets, social media etc. by Nishit Jariwala, Student Entrepreneur, Founder, BuddyBits.com

4. KAKA PROJECT–

Text and/or voice enabled mobile app to access information about institutions, processes etc. starting with Public Transport by Shivam Dhruva, Tech Entrepreneur

5. MENTOR VENTURES–

Online and Offline resource to link mentors & New Ventures – by Vishesh Bansal, Lawyer

These five shortlisted teams will be invited to present their work at ‘Design Your Ahmedabad’ conference to be hosted on 5th April where prominent people from the city are expected to participate. Top 2 winners judged by the jury will be given the Rs. 10k cash prize each.

Know more about it: http://designyourahmedabad.com/

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EDI – Library

EDI Library and Information Centre (EDILIC) was set up way back in 1983. Enriched with updated information resources on Entrepreneurship and related subjects, it is an information resource centre of national and international repute. 

EDI’s library is equipped with a large number of text and reference books on entrepreneurship and related subjects. The EDILIC endeavors to support the teaching, research and academic needs of the faculty, students and participants of the programmes, through books, journals and other reading material. The total collection of EDILIC is more than 25000 which includes books, CDs, back volumes and other materials, selected after carefully scrutinized by the Library Advisory Committee.

Reference material includes:

  • Text Books
  • Reference Books
  • Research Reports
  • Handbooks
  • Directories
  • Serial Publications
  • Encyclopedias
  • Dictionaries
  • Working Papers
  • Economic and Industrial Surveys
  • Newspaper Clippings
  • Biographies of Entrepreneurs
  • Project profiles on products
  • Business Opportunities

EDILIC has been fully automated through LibSys Software. All the library holdings are accessible through Institute’s website. EDILIC uses Bar Code Technology for its housekeeping and lending service.

It has been subscribing 150 national and international journals in the field of entrepreneurship and related subjects. EDILIC also subscribes to 25 Newspapers published within the country.

EDILIC has a collection of 200 videocassettes and more than 2000 CDs/VCDs. The EDILIC has in-house viewing facility for videocassettes and CDs.

EDILIC is an institutional member of Indian Institute of Management-Ahmedabad, Indian Library Association (ILA), Indian Association of Special Libraries and Information Centres (IASLIC), Management Libraries Network (MANLIBNET) and The British Library, Ahmedabad. Apart from this, EDILIC is regularly using services of Ahmedabad Library Network (ADINET) and Information and Library Network Centre (INFLIBNET).

The library functioning hours are 08:00 AM to 12:00 AM (midnight)

(It will be closed on the public holidays observed by the Institute)

External Membership

EDILIC membership is primarily given to the EDI faculty, staff members, students and programme participants of the Institute. In order to fulfill the demands, raised by several institutions and individuals, the EDILIC extends membership to outside users such as Academic Institutions/NGOs/Entrepreneurship Development Cells/outside faculty/entrepreneurs/corporate executives/students, EDI Alumni and OLPE Alumni on payment basis.

You can apply for an external membership here: http://www.ediindia.ac.in/Doc/MembershipFormforExternalUsers.pdf

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Succession Planning for Family Business

–  By Dr. Sunil Shukla, Professor

It is believed that few family businesses survive to the third and fewer to the fourth generation. Percentage of family firms that successfully transition across generations decreases from generation to generation. Some sell to the outsiders, some sell to the employees while the remaining fail. One doesn’t have to reinvent the wheel to know the causes for such unsuccessful transitions. The major contributors to the failure are known commonly: no succession plan, feuding among family members and probably no estate or family legacy plan. Though on the face these appear to be common, but are difficult to deal with. Of all these, succession planning is the most critical task to securing the future of family firms. The failure to plan and manage succession well is the greatest threat to the survival of family business. It is also a chance to preserve a lasting institution that reflects family’s ideals and goals even after the current leader. Further, it is an important part that cannot be reached without the succession planning process. One has to understand that succession is a life long process of planning and management. If not planned and managed well in advance, this alone is sufficient to bring life cycle of a business to an end. There might be situations when the current leader may have to be suddenly withdrawn from business due to long illness, accident, unexpected death or incapability. Remember a situation when no one is groomed to take over management responsibilities and the second key person does not have sufficient shares in the firm. The business suffers from risk of being wiped out. Hence, the need for succession. The firm needs to find a successor, to remove doubts and apprehensions in the minds of key people besides ensuring continuity and leading towards growth. Even if the business is not passed down to the next generation succession has to be done to ensure that the business survives.

 

The entrepreneur has to understand and accept that planning for succession is necessity for survival. He/she has to first determine whether succession is to be done within the family or outside. In case of small businesses, probably it would make better sense to have one person with general management skills and few others for special skills. Whatever is the case, advance action in selecting and grooming management successor(s) is necessary. Once successor is identified, the succession plan has to be developed keeping in view the specifics of the firm, implemented and monitored carefully with scope for necessary changes. Also the succession plan has to be coordinated with personal tax planning and distribution of estate, among several pre-requisites for ensuring the continuity of family firms successfully.

 

Dr. Sunil Shukla is a behavioral scientist, engaged in entrepreneurship teaching, training, research and consulting is Professor and Chairperson (PGPs) at Entrepreneurship Development Institute of India, Ahmedabad, which pioneered the Family Business Succession Programme way back in 1990. The Institute offers full-time two-year ‘Post Graduate Diploma in Management-Business Entrepreneurship (PGDM-BE), with specialization in ‘Family Business Management’.

 

PGDM-BE has been adjudged ‘Outstanding Entrepreneurship Program Abroad’ for the year 2014 by prestigious United States Association for Small Business and Entrepreneurship (www.usasbe.org), the largest independent, professional, academic organization in the world dedicated to the discipline of entrepreneurship..

 

Dr. Shukla can be reached at sunilshukla@ediindia.org

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EDI Empresario: Gavisti

Gavisti is a business competition, where teams are in combat to innovate, to compete in technical, technological, financial feasibility and to attract investment and customers. 

SCENARIO

The participating teams would get a feel of live market condition and decide on strategy of how market behaves, it would be more like live dynamic market condition, where maximum 10 teams would be competing with each other in market economy of not more than 10 crore where teams would raise funds and sell their products as well.

1. Maximum economy size would not be more than 10 crore, in that teams have to raise funds for their fixed asset.

2. The investors who will invest in your idea would be students, thus it becomes duty of the teams to convince investors to invest in your firm.

3. For purchasing of product also there would be different set of participants who would judge your product by customer point of view and would judge on your team’s vision and marketing skill.

4. Teams need to work out finance very well, that is they need to work on their fixed cost and working capital, teams would only be allowed to raise their fix cost from the market, and the working capital required for production would be done through bank financing.

5. Also there is Price Money for the Investor that would be judged on how wise the investor makes their decision.

6. Teams should see the unit product price need to be range of 500-5000.

Role of investors will also be played by the students:

1. There would be total of 50 participants who would act as investor and customers both.

2. We would divide these participants in two batches of 25 each and at single point of time one batch would act as investors and other would act as customer, after some time we would change the role and vice versa.

3. To make things more interesting the level of money supply would be controlled by us and money would be supplied in parts.

4. There are price money for investor as well and would be defined in predefined equation set by us, for declaring the winner for investor we would consider dividend paid by company, their market capitalization, and total number of shares.

5. For investor to become winner there would be parameters to judge on.

6. It is to be noted that in 50 investors there would be group of 25 who at a point of time would act as investors and other buyers.

7. After each round the groups would exchange their roles. Thus everyone would get opportunity to buy products and be a part of investment.

8. Participants who would like to participate as investors can also take part, prior registration would be required.

You can be a part of it too! Last date to register: For Team – 17th February, 2014 | For Investors : 28th February, 2014

Find more details here: http://bit.ly/1ou1ajm | Register here: http://bit.ly/1eqdfxo

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EDI – Empresario (7th – 8th March, 2014)

Empresario is an entrepreneurial event at EDI, connecting entrepreneurs with Venture Capitalists, Angel Investors, Bankers, Industry Professional and common people.

As known ” the world is a stage & we the players” thereby this platform is to propel those who know they can & who know they will achieve, to sense what is not sensed & to create what is not created, so this Empresario fragrance will not fade till one slogans ” I have promises to keep & miles to go before I sleep”

Who is it for? 

-Innovators/Patentees
-Startups
-Students from the technical & non – technical background
-Industry experts
-Mentors
-Venture Capitalists, Investors, Bankers
-Networking Companies

Events:

  1. In Innovator to Entrepreneur (I2E), we will be identifying and inviting several innovators who hold or have applied patents for products/ processes that have the potential to be commercially viable. A platform to showcase their product/ idea to the team of experts, Venture Capitalists and Financiers. (Register here : http://bit.ly/1eTgQZt)
  2. The participants will also get an opportunity to get Counseling from experts from various fields like Financing, Taxation, Etc.
  3. Participants who are eligible and interested to get financial support for their ventures will get support to make business plans and an opportunity to pitch their product/idea before a group of Venture Capitalists and Financiers. (Register here : http://bit.ly/1j1whPm | Last date : 15th February 2014)
  4. The proposed business ideas will have stalls put up in the format of a Start-up Fair that will be more convenient for participants to network and find the right business partners, mentors, industry association leaders and investors/financiers. (Register here: http://bit.ly/1g83TxB )
  5. EDI-NEN Launchpad Workshop 2014. National Entrepreneurship Network is an organization working towards fostering entrepreneurship amongst students of India. If you are a student innovator with an idea/prototype/proof of concept to share, then EDII-NEN Launchpad 2014 platform is for you. The platform will provide you with first-hand exposure to entrepreneurship through workshops on commercialization.
  6. Gavisti is a business competition, where teams are in combat to innovate, to compete in technical, technological, financial feasibility and to attract investment and customers. (Register here: http://bit.ly/1eqdfxo | Last date: 17th February 2014)

 

 

 Contact:

Entrepreneurship Development Institute of India
(Via Ahmedabad Airport & Indira Bridge),
P.O. Bhat 382 428, Dist. Gandhinagar,
Gujarat, India.

Vibha Natraj, Coordinator
Phone-+91 97220 55999
vibha@ediindia.org

Aashish Jhamb , Coordinator-Events
Phone-+91 9638140707
aashish16@ediindia.org

Shiva Mehta, Coordinator-Sponsorship
Phone-+91 99999 26399,
shiva16@ediindia.org

For general queries, e-mail us at empresario@ediindia.org

Like us on Facebook : https://www.facebook.com/Empresario.EDI

Advisory Council
Srihari Patel,+91 87580 37085
Ritu Kedia ,+91 87582 98869

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