Started off late for the last day of an exciting program- Thanks for the time i spent waiting for my friend to get ready- Guess he must have planned for a date!! ;). On reaching the venue we realised that we had not missed much. Today Mr V M Bhat, the other Program instructor, was to tell about preapration of Project Report- Not a ordinary one- But a report which can impress and convince the readers that “Yes! This project is promising”. To add to being late, there was some problem with the pen i had got- so couldn’t write anything 🙁
We started off Day-4 by discussing some of the important aspects to be considered for starting an industry. I would like to list down some of the points here: Capital, Man-Skill, Management, Product- Choice of prodcut. Later on there was a discussion on “Opportunity”. Mr Bannerjee gave examples of different opportunities which were missed by very well known companies/entrepreneures. One has to break out of fixed ways and think of New and better routes. The entrepreneur should have more of Lateral thinking. What exactly is Opportunity? Opportunity is a course of action which at first sight may not appear possible but with focussed thinking possiblity should increase. Opportunity is as real as raw materials, labour, finance. It exists only when u see it.
Day 3 started off with a group activity. Pradeep Banerjee, who was the facilitator for the program asked the participants to divide themselves into groups of 5 and each group was asked to discuss and list out as many characteristics as possible which can be seen in an entrepreneur. Each group was given 10 minutes to do so and our group listed 26 characteristics. Later each group was asked to read out the characteristics. Everyone more or less baring a few points had listed the same characteristics. This was a direct activity- A mild exercise to start off the day’s proceedings 😉
After this each one was provided with a 3 page handout which consisted of qualities which represent Regenerating Cycle, Degenerating Cycle and the characteristics of an entrepreneur. We were asked to read through the handout and clear ambiguous points. Many doubts were raised and were clarified by Mr. Banerjee.
Going in to the Day-2, the discussion that was started at the end of Day-1 turned into a fierce debate with participants opposing view of the other. Just to remind u- The game was very simple- U are given four rings and a peg at distance. The aim is to put the ring in to the peg and there are 10 positions marked from 1 … 10 each point separated from the other by some distance. Putting the ring in the peg meant SUCCESS with 1 point (mind it from any position) and the ring dropping out meant FAILURE with 0 points 😉 Some of the participants – guess a few- had some sort of knowledge about the market analysis and stuff. They used it to analyze the game situation but the facilitator, Mr Pradeep Banerjee, was too good to tackle. He had a solution for anything and everything the participants questioned. What i feel after playing the game is that a person has to measure his abilities and analyze the opportunity at hand and then take calculated risks in going at the opportunities. For every thing at first there’s a risk factor involved- but an entrepreneur’s fav is Risk 😉 There were some points mentioned by the Mr Banerjee- Measuring the opportunity- which none of us did, Its better to Succeed and go up rather than Fail and Come down, taking calculated risks. He mentioned in brief about having a Feedback System in us- which would help us in analyzing our behavioral history (Something similar to the Browser History)
State Bank of India has been conducting the Entrepreneurship Awareness Program (EAP) for over 25 years at prestigious universities across India. It is conducted yearly in the IITs since 1971 and in non-engineering colleges such as NIFT, Bangalore from 2005 onwards.
The program is conducted in NITK from 17th – 21st December 2008 in association with E-FOREA (Engineers’ Forum for Entrepreneurship Awareness) which is the Entrepreneurship Cell of NITK.