promoting entrepreneurship role and task

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100 Billion Galaxies In Our Universe

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Be Entrepreneur, What to do not sure but not to do job for which they are sure. MBA just provide you a perspective it does not force you to work for any body else.

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Page 1: Promoting entrepreneurship role and task

100 Billion Galaxies In Our Universe

Page 2: Promoting entrepreneurship role and task

THE MILKYWAY GALAXY

Our Local Cluster Is Part Of A Galaxy

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Our Sun Is A Star

THE LOCAL CLUSTER

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1.4 million Km

OUR SUN

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INDIAINDIA

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EVERYTHING CAME FROM NOTHING

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Population of the earth 8.3 BillionAll are unique. There is no one quiet like you

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This is each one of us few hours after our conception, not bigger than the size of a pin head

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4 Weeks into conception

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8 Weeks into conception

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14 Weeks into conception

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24 Weeks into conception

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Around 4o Weeks ready to step out

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Are you ready to take a unique trip to the shores of success tides of ….

And the land of fulfillment?

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The Dream,the Drive & the Desire

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To be an Entrepreneur :Believe in your IDEA that can change your life “Picasso said -

'good artists copy, great artists steal'

- and we have always been

shameless about stealing great

ideas.”

An idea changed the world

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After MBA

Think BIG! Act FAST! Go AHEAD!

• If all well then be Manager in corporate sector

• After 5 Senior product manager• In 10 marketing manager• In 25 years might be CEO somewhere.

MBA just provide you perspective, it doesn’t force you to work for anybody else

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• To do anything they believe it can be done.• We have only one life to live they live in the way

they want• They are driven to do something that has never

been done before – to creative, they have a compelling vision, they are courageous, and they are persistent so persistent and services that changes the world.

• Create own market and dare to take RISK • In entrepreneur world company is born, may die

or new company is born out of the ashes; Prepared to fail and ready to handle, they bounce back

• Bringing knowledge Alive, Sparking Imagination, Creating Possibility and Caring Environment.

What separate entrepreneurs from other business people?

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• Hate the Status Quo• Feel Bad at Making Small Talk• Unable to Unwind - They can't go to sleep at night

because they can't turn their thoughts off. An idea may even manifest itself in their dreams. The next morning they find themselves still consumed with that idea, distracting them from the job they're supposed to be doing.

They boil at different degrees.

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• Bullied in their Youth - They may have been heavily criticized, picked on and even bullied as a child or teenager. This has caused them to be driven to excel and to prove to the world that they are indeed a force to be reckoned with.

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• Resist Authority - They have a lifelong record of resisting authority from their parents, teachers and bosses. They don't go along with the agreed upon norms of the group or community they work and live in.

• Fired from Jobs – You're too creative for your own good when it comes to working for others, and you may have some history, as I do, of losing jobs. Being just a cog in wheel is very difficult for you because you want to create something others can be inspired by and contribute to.

• TOUGH TIMES NEVER LAST, TOUGH PEOPLE DO

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The Entrepreneur: A Special Species?

• His own master. What to do not sure but not to do job for which they are sure.

• take bold decisions whenever required, without delay.

• set the goal and plan the action and jump into it

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Are entrepreneurs born or made?• It is impossible for any man to earn

100 core in a year with his hands alone but he can earn 100 of 100 cores if he can assume the leadership of thousands of others and help them add something to their efficiency and ability to use their hands

• focus on doing everything the right way of course, there is no “right way” to achieve anything.

• There is only one way of swimming just have to jump into water.Your potential for Big FUTURE

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Personality of Entrepreneur• Their action inspire others

to dream more, learn more, do more and become more.

• They are just what they appear to be. Use their head, but follow their heart.

• Know when to work alone, and when to work together. Have ability to build a team of the right people and not people they like.

• People see in you what you see in yourself

Need to dare, to dare again, always to DARE

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BINDAAS outlook• There is no way that you will be

economically rewarded lesser for being an entrepreneur than by taking up a job.

• You don’t need any capital to start even you can start with zero capital; If you have capital great.

• Money is a by-product of what your heart and head want you to do. So if you follow that, money will follow.

• A job that pays well for duties you don’t like will not be rewarding in the long run.

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Willing to do different

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Have your heart in your business, and your

business in your heart

• Successful people are not negative even on the worst of times. They can always find opportunities even during the most serious crisis and do not give up.

• Just because something is difficult mean you shouldn't try, It means you should try HARDER

• It is not a crime to commit mistake; the crime is not to learn from the mistake.

• They do not wait for opportunities to come their way, but they make their own opportunities in order to become successful.

to be successful

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• What we are today is a result of our earlier environment 5, 10, 20 years ago and today’s environment will decide what you will be

20 years from now.

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Task and Role

• The tallest oak in the forest is the tallest because no other trees blocked its sunlight, the soil around it was deep and rich, no rabbit chewed through its bark and no lumberjack cut it down. We all know that successful people come from hardy seeds. But do we know enough about the sunlight that warmed them, the soil in which they put down the roots, and the rabbit and lumberjack they were lucky enough to avoid?

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Only knows the language of Business • A philosopher proud of his knowledge

hired an illiterate to ferry him across a wide river; While crossing the turbulent river, the philosopher, unable to restrain his tongue, constantly lectured to the boatman about the nature of existence. ‘Have you never studied grammar?’ asked the philosopher. ‘No,’ said the boatman. In that case, half your life has been wasted. The boatman said nothing. Soon a terrible storm blew up. The boat was tosses about by the wind.

The boatman learned towards the philosopher. ‘Have you ever learned to swim? Asked the boatman. ‘No,’ said the philosopher. ‘In that case, sir, all your life is lost, because the boat is sinking.’

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Value is not something that just exists waiting for forms to come along and harvest it. Before value can be plucked it must be created. Value creation starts with customers who spend their money to have their needs satisfied or services that customers esteem highly enough to pay for.

How value is created?

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Common Sense• Behave with courtesy• Take exceptional care of your customers

let them know they are important to us• Provide superior service and superior

quality as they are paying for it • Customers are simply always delighted

by the attention• Market don’t buy product, customers

do, they have to have their cost right, quality right that have to be done.

• consider their perception more important than your superior knowledge of service or product

• IBM, Dell, Domino’s Pizza: they seen to live for their customers; they are all good marketers because they slavishly put the customers FIRST.

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The ‘smell’ of customers• to satisfy customers Stay in touch and

Managing By Wandering Around. • listen to them and observe them, and

understood their needs. • to create new, original, and

compelling value; you find a plenty left to do.

• Your most unhappy customers are your greatest source of learning, knowing customer’s problem is an opportunity to know more about product or service.

STAND IN THE CUSTOMER’S SHOES

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• Less is more, more for less: The key to new efficiency frontier is to realize that less should be more for the customers and that as a result the business will get more for less.

• The investigations of customers value is a never ending process. Get into the community and find out what their problems are; that’s the best politics in business.

• Cross check: ATC 18000 to 15000 come down, Russian pilot possibly didn’t understood the instructions result two aircrafts collided with 300 passengers as ATC didn’t cross checked whether the instructions given to Russian pilot understood or not.

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Way to search the market trend• In a pest control multinational used a simple research

technique to test whether a country in which the firm did not yet operate was ready for the firms services.

• Immediately upon landing he would go to eat at a nearly middle class restaurant. He would wait for the dining room to fill up before taking a cockroach from a box in his pocket and placing it on the floor.

• When the bug had reached the middle of the room, he would leap up from the table shrieking. “A cockroach! A cockroach!” then he would observe how the other restaurant customers reacted.

• If people said, “so what, its’ just a cockroach” than that country was not ready for the firm. If they were horrified, he knew the company was ready for a new expansion.

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Principles of the EagleEagles fly alone at high altitude with eagles only. No other bird can go to the height of the eagle. Eagles have strong vision, the ability to focus on something up to five kilometers away. No matter what the obstacle, the eagle will not move his focus from the prey until he grabs it. Eagles do not eat dead things. They feed only on fresh prey. Clear of outdated and old information. Eagles love the storm. When clouds gather, the eagles get excited. The eagle uses the storm's winds to lift it higher. This gives the eagle an opportunity to glide and rest its wings.

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commitmentWhen a female eagle meets a male and they want to mate, she flies down to earth with the male and picks a twig. She flies back into the air with the male pursuing her. Once she has reached a height high enough, fall the twig to the ground and watches it as it falls. The male chases after the twig. The faster It falls, the faster he chases it. He has to catch it before it falls to the ground. This goes on for hours, with the height increasing until the female eagle is assured that the male eagle has mastered the art of catching the twig which shows commitment.

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• Eagle builds her nest far above the tops of the trees in the cliffs, where no man or animal can reach her young. WHEN THEY ARE READY TO LEARN FLY PUSH THEM FROM THE EDGE OF THE ROCKS to make them fly as Struggle is the strength

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Hive Sprit• In size the man is about a hundred million

times than the bee, but in intelligence the bee is about a hundred million times larger than the man.

• The basic design of the honeycomb is an intricate hexagonal structure that slopes at a precise angle of 130 horizontal. It is an act of sophisticated civil engineering that prevents honey from running out of the hive. Bees also demonstrate the air-conditioning mechanism implicit in natural intelligence by crowding this mass is held constant temperature 35 degree Celsius, which is necessary for the secretion of wax.

• Believe the purpose of life is to serve. We come from nothing, after we die, there is nothing.

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• Not everyone who’s on top today got there with success after success.

• More often were faced numerous obstacles that forced them to work harder and show more determination than others.

• failure is just the first step towards success. All fool can Quit the job when things go wrong, but Masters do the right things to get the job.

• Just because something is difficult mean you shouldn’t try, It means you should just try HARDER

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A dream doesn’t Become reality Through magic;

It takes sweat, Determination And HARD WORKGet inspired from Great men

who overcame failures.

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The so called genius just transformed the imagination into reality through their action. Every single person is a single human

organisation: Comparisons are odious

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• Sam Walton launched Wal-Mart (world’s largest retailer) with a focus on customers. His strength was this: His liked to listen to them and observe them, and he understood their needs. Wall – Marts customers valued greater choice, lower prices, and convenience.

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• Virgin Atlantic – Richard Branson gave the virgin to his companies and has always stood out from the crowd by doing things differently. For example, a tailor service was offered for a time on its London to Hong Kong flight. At Virgin Atlantic a response to dissatisfied customers can range from a letter of apology or a bottle of champagne to a personal message and free airline tickets.

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• Today Toyota is considered as brand number one in the global automotive industry. It earned this because the company paid utmost importance of quality and created a confidence that the cars manufactured by it were trouble-free.

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• Kaizen: continuous improvement once powered Japan's economy. Japanese manufacturers in the 1950s had a reputation for poor quality, but through a culture of analytical and systematic change Japan was able to go from worst to first.

• But what's happened again in Japan? In the past year Japan's major electronics firms have abandon continuous improvement with innovation and have been routinely displaced by competitors from China, South Korea, and elsewhere. As Fujio Ando, senior managing director at Chibagin Asset Management suggests, "Japan's consumer electronics industry is facing defeat. "Similarly, Japan's automobile industry has been plagued by a series of embarrassing quality problems and recalls, and has lost market share to companies from South Korea and even (gasp!) the United States.

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Law of Nourishment • All are intelligence enough to create ideas in their mind, but all can’t

find expression in Action! • More ideas are discarded before they have been fairly tested. Every

living thing which is neither nourished nor used must die.• All can start a task but only who finish the task is known as so-called

GENIUS.• Idea of a job data base: jobs those not advertised but people

interested in them: Sanjeev Bikhchandani instead IIT did graduation from St. Stephen's than IIMA (naukri.com

• Innovative idea of smart classroom in schools on monthly charges with multi year contract.: Shantanu Prakash (Educomp)

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An Idea of Edison To make BulbRemoved theDarkness of Night

• In his early years, teachers told Edison he was “too stupid to learn anything.” Work was no better, as he was fired from his first two jobs for not being productive enough. Even as an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb.

Thomas Edison

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Walter Hunt• Walter Hunt invented a machine to spin flax,

a fire engine gong and a stove to burned hard coal. By inventions, he just did not have the knack for making money from them.

• One day in 1849, Walter Hunt wanted to pay a fifteen dollar debt to a friend. So he decided to invent something new. From a piece of brass wire about eight inches long, coiled at the center and shielded at one end, he made the first safety pin. He took out a patent on his invention, sold the rights to it for four hundred dollars, paid to spare. Then he watched his latest brainstorm go on to become a million dollar money earner for someone else.

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Michael Dell • Michael Dell first realized that the customer benefit of face to face interaction with salespeople was weak. The stores were often in inconvenient out of town locations and were usually understaffed by poorly trained salespeople.

• The low perceived benefits and high costs caused young student customers like Dell to feel abused. Initially the target market was students like Michael dell had been himself with little money but not particularly demanding.

• He searched for a better alternative. By selling direct, he was able to save the 40 percent retail margin with no noticeably loss in perceived customers benefits.

• Dells initial direct business model addressed mainly to individual consumers was a very effective power offer.

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At Disney land and Disney world, every person who comes on to the set is called a guest. Isn’t good services excite us?

• Today Disney rakes in billions from merchandise, movies and theme parks around the world, but Walt Disney himself had a bit of a rough start. He was fired by a newspaper editor because, “he lacked imagination and had no good ideas.” After that, Disney started a number of businesses that didn’t last too long and ended with bankruptcy and failure. He kept plugging along, however, and eventually found a recipe for success that worked.

Walt Disney:

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Inspirational Dropouts

Apple success formula: User friendliness

Do what you love

Constant Innovation

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Man of the 20 th Century

• What the Corporate Houses of Tatas, Birlas and Dalmiahs achieved and dominated over a period of a century, Dhirubhai Ambani could achieve within a short period with a razor like sharpness and business acumen. Dispatch clerk to business tycoon : Yemen to mumbai

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Figure out: who are you?