M Commerce - Next big business platform for India

Today's time of improvement and development client is demanding quick and creative administrations. In today's rapidly developing economy, individuals do not have schedule made to remain in line and sit tight for different administrations like booking of Air tickets, booking of Rail tickets, booking of Movie tickets, payment of Telephone bills, Electricity bills, installment for Insurance premium and so on. Individuals need predominant administrations in a squint of eye. The creative thought of E-installment is constantly quickly embraced by individuals of our nation. Step by step the utilization of E-business is mounting. The following enormous field of the period is M-business (Mobile-trade) the following venture to E-trade. Individuals are quickly receiving the idea of M-trade. M-trade empowers the client to attempt the transaction in a straightforward and opportune way through the utilization of a cell. M-business the idea of cutting edge is changing the method for transacting. With the developing utilization of M-business the customary (manual) modes of transactions are regulated vanishing. Step by step the client base of M-business is stretching. While transacting through customary means one need to move by the interpersonal channel to empower the business movement, as against under M-trade the transaction in carried on in a basic, safe & financially savvy way. The secured installment instrument of M-business keeps up the security of the transaction. The trademark of M-business is Simple, Safe, secure and helpful.The telecommunication sector in India is quickly developing and is one of the heading divisions. A 500 million or more portable client is a blessing from heaven for Indian telecom industry and that is not the end. The quantity of clients are mounting by to the extent of nearly 3 million a month. The numbers are gigantically for M-trade. At the point when portable innovation was presented in India not by any means, the greatest telecom masters had anticipated the effect of PDAs on the life of Indian individuals. Presently, lion's share of transactions are carried on through the utilization of Cellular administrations. What's to come is here, step by step the techno-situated clients are requesting more up to date and fresher engineering. M-trade is the innovation without bounds. It will change the way the individuals carry on the routine transactions.- Ankit Kumar VarsaneyPGP 1st Year | IIM Raipur

Aakash Promo

AAKASH - The Entrepreneurs Community

Google Hangout with Enactus India Representative

The Consulting and Entrepreneurship Club of IIM Raipur, hosted a Google Hangout by Enactus India Representative Ms Gauri Kamat .

Besides providing opportunities to students, many insights related to Social Entrepreneurship were given by the speaker. Students had an interactive session with Ms Gauri.

My experience of ‘Aakash’- The entrepreneurs meet

I was late for our 5^thAakash meet. With slight hesitation, I entered the auditorium. I had missed the lecture by Mr. Rahul Jain, however, by now Mr.Anand Singhania had already taken the center stage. Mr. Singhania is the MD of Avinash Group and belongs to first generation of entrepreneurs. He is commonly known for his impeccable aura, energy and enthusiasm in the circles and every bit of these qualities were reflected in him that day. There was an eagerness in his eyes to interact with the young minds of IIM Raipur.  Very vividly he touched upon the 10 lessons, which he has learnt over these years. He spoke of how he made the decision to be an entrepreneur and how he took that bold step. He ended with the note ‘follow your passion’, something which he has followed all his life. He then answered questions posted by lot of students and then made way for Mr. Ramesh Agarwal.

Mr. Ramesh Agarwal is the MD of Sambhav group.  There are very few people who remain grounded, in spite of having achieved a lot in life. Mr. Agarwal is definitely one of them. He is synonymous to humbleness and down to earth nature. He started his speech by stating that vision should be followed by perseverance in action. He said that if you really desire something and have faith in your actions and belief then the universe conspires you to achieve it. He showed a number of inspirational videos in his presentation. He explained the various challenges he faced during his initial days and how he overcame those.  He also stressed upon having good human relations and emphasized that employees should be given respect for the contribution they make. He added that the failure or success of a project depends upon the relationship between the owner of the company and the employees. He then answered questions based on attrition and business environment posted by the students.

After the motivational speeches by all the three guests, we had a high-tea event, where we personally interacted with each of the guests. It was interesting to see how each of them answered our questions and provided their valuable insights on infrastructure and power industries in Chhattisgarh. By that time it was already 8pm and it was time we see them off.  Soon arrived a sleek white colored Audi Q7 and a sporty Range Rover Evoque at the entrance of our main building to pick them up!

This is our (Junior CEC Group) first Aakaash meet which had bigwigs from the industry and we now eagerly wait to conduct our next Aakaash meet!

Navodaya J Chourasia

PGP 2014-16, IIM Raipur

IIM Raipur holds the 5th ‘Aakash’ Entrepreneurs Meet

Indian Institute of Management Raipur organized the 5^th Aakash Entrepreneurs meet on 16^th August. Conceptualized and executed by the Consulting and Entrepreneurship Club, IIM Raipur, the 5^th Aakash meet saw the presence of 3 successful entrepreneurs from Raipur itself. Mr. Anand Singhania, MD, Avinash Group - Builders & Developers, Mr. Ramesh Agrawal, Director, Real Ispat / GK TMT Group and Mr. Rahul Jain, Director, Sambhav Group & President- Rotary Club of Raipur Cosmopolitan were welcomed by Dr. Sanjeev Prashar, Chairman, Consulting and Entrepreneurship Club. The dignitaries addressed and interacted with the gathering of the IIM students and 10 other entrepreneurs from Raipur.

Mr. Rahul Jain highlighted the importance of having belief in your idea and illustrated his point with an impactful video. He shared his experience about his struggle to enter the textile industry and establish a successful business. He further pointed out that ‘Happiness is Success’ and urged the students and other entrepreneurs to give back to the society in every manner they can.

Mr. Anand Singhania gave some key points necessary to become a successful entrepreneur. He said that entrepreneurs should have the ability to talk to themselves and should try to develop a positive thought process. He emphasized the importance of being a good learner and gave examples from his life where his learnings had helped him grow. He shared with the gathering his original idea which had transformed the way the business was done in malls during the week day. He ended his address with the words ‘learn to love what you do’.

Mr. Ramesh Agrawal began his address with an important message that it is the vision followed by the action that changes the world. He used several videos during his address to express his views and thoughts. According to him, when you have faith in something, and want it with all your heart, then you unconsciously take the necessary actions to accomplish it. He further mentioned the challenges that an entrepreneur has to face in business and day to day life and how he overcame those. He specifically emphasized on maintaining good human relations throughout the life.

The event was followed by networking session where the entrepreneurs interacted with each other and took questions from the students. The students raised several pertinent questions about starting and maintaining a new business. The Aakash meet comes as the latest in a long string of achievements by IIM Raipur in recent times. 

Consulting Workshop by Zenesys

The Consulting & Entrepreneurship Club (CEC) of IIM Raipur made a head start for the students of academic year 2014-16 by conducting a workshop by Mr. Karan Ahuja from ZENeSYS Learning. Mr. Karan enlightened students by explaining about Consulting, its scope, various fields of consulting and careers. Various queries posed by inquisitive students of the institute in this regard were addressed by Mr.Ahuja. He also explained about his experiences on IIM life and professional career.

The inputs given by Mr. Karan on attempting case-studies and handling case-interviews were very informative, which is much needed for the students of first year. The speaker also emphasized the importance of the certifications through live projects provided by ZENeSYS Learning. The interactive workshop by Mr.Karan inspired many students who envisage themselves as Consultants.

Entrepreneurship and India

Entrepreneurship is the most widely growing term in Indian Business context today. So, what it is all about and why India is so much obsessed with it now. Let us figure out its history and dominance in India. Entrepreneurship means different things to different people. Conceptually and in practice, the term hints of no stereotypical model.

The term was originally a loanword from French and was first defined by the Irish- French economist Richard Cantillon. This term first appeared in the French Dictionary "Dictionnaire Universal de Commerce" of Jacques des Bruslons published in 1723. Entrepreneur in English is a term applied to a person who is willing to help launch a new venture or enterprise and accept full responsibility for the outcome. Today entrepreneur is one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods

It is very hard to find out the origin of the entrepreneur. However, we can trace the study done in the field of entrepreneurship. In the late 17^th century Richard Cantillon and Adam Smith started studying entrepreneurship but this work didn’t had any major impact. In the late 19^th century, with the rise of business and economics this concept became much more prominent.

The entrepreneur who implements ‘new combinations of means of production’ plays a crucial role in disturbing the status quo through innovation — or ‘creative destruction’ — and thereby becomes an agent of change.  As such, the ‘dynamic equilibrium’ achieved by a constantly innovating entrepreneur could generate the conditions for:

·         Increasing opportunities for employment (comprising various competitive skill sets);

·         Additional wealth creation;

·         Introduction and dissemination of new methods and technology; and

·         Overall economic growth.

 It is in the creation of more wealth, and in the constant innovation from prevailing to the next best practices, that the significance and importance of Entrepreneurship skill.

As such, the development of Entrepreneurship in a particular milieu depends not on a single overriding factor but rather on ‘a constellation of factors’ at the individual, societal and national levels. Entrepreneurship depends on individual motivations, individual experiences, socio-cultural (including family) traditions, educational opportunities, availability of relevant skills and attitudes, supporting financial institutions and access to credit, existence of commercial trading centres, supporting infrastructure including trade routes with efficient transport and communication facilities, macro-economic environment and overall political stability. It has also been argued that Innovation and Entrepreneurship flourish best in decentralized systems by empowered people, who are willing to explore new ideas as well as willing to deal with exogenous influences.

ENTREPRENEURSHIP IN INDIA

Entrepreneurship has been ‘embedded in the Indian genius and is a part of its tradition’. To quote the renowned economist, T.N. Srinivasan, ‘India has been an entrepreneurial society…we had the entrepreneurial skill but suppressed it for too long a time… and now it is thriving.’ The entrepreneurial spirit is an ongoing characteristic of India’s history, particularly visible in a number of communities engaged primarily in trading. Traditionally, the Entrepreneurship of such communities is facilitated principally by the successful use of informal ‘entrepreneurial ecosystems’ and interdependent business networks. Further, there is also a rich tradition within the Indian diaspora, spanning the past several hundred years, whose spirit of enterprise is legion.

Recent surveys, such as those undertaken by Goldman Sachs and Pricewaterhouse Coopers, have estimated that India has the potential to be among the world’s leading economies by 2050. Further,  India’s economy can potentially gain significantly from the country’s characteristic features — a democratic open society, a strong technology base (with capacity for leapfrogging), unparalleled diversity, vibrant capital markets (including growing private equity and venture capital markets), an increasingly youthful population (50% of India is 25 years and younger), a sizeable market of a large number of customers with vast unmet needs as well as an environment of full and free competition in the private sector.