Startup Gears Workshop

Day 1:
For Idea Generation & Opportunity evaluation we had invited Ms. Bhavana Kataria consultant of NEN.
The session started with what makes a good entrepreneur and moves on to how an idea is generated.
For the purpose of idea generation for Ms. Bhavana asked us all to write at least two ideas and then randomly made 6 groups. She then asked all of us to within 30 min. not only to convince each of the group member on one plan (out of 2odd plan per member) but also to decide:
# Company name.
# Target consumers.
# Present and future growth.
Then finally we presented in front of all, which was then evaluated by her on the spot.
The whole exercise proves to be very fruitful as it made students to think out of box by giving chance to put theoretical knowledge to practice, to come up with workable business idea.
Many groups come up with really great ideas like Health Care Mall, Musical Mall to name a few.
The session ended with Ms. Bhavana insides on what make a plan successful “one need not to have a innovative idea but any workable idea i.e. implementation is most important”

Day 2:
For Brainstorming and How to write a formal B-Plan we had invited two alumni of IIM-A Mr.Nikesh Agarwal & Mr. Rajat Gulati.
They both were batch mates, after working in corporate for around 18 month after they both decided to start up their own venture. Mr.Nikesh Agarwal joined his family business & Mr. Rajjat Gulati is soon coming with his own coffee chain in NCR.
In their session they threw light on how to put your ideas your plan on papers i.e. how to write a B-Plan which involves proper documentation and above all Executive summery which is the most important aspect of a formal B-Plan as it should tell each and every bit about your plan.
After giving inside about formal B-Plan writing, they both divided the students in to 6 groups but this time each group was separate unit of a business planning i.e. Product design, Industry analysis, Finance department, Marketing Research & Sales & Advertising. They give us the idea i.e. to open “Lounge Bar in NCR” and also laid down certain criteria as boundaries to work within.

Then they asked each group to not only coordinate within the group but also to coordinate with other groups and come up with a complete business strategy including competitor’s analysis, cost factor, USP within stipulated deadline & then present the complete B-Plan so formed.
The one mantra they give in the end “it’s better to work on other money before starting your own venture”

RTI Awareness Campaign

We have planned a rolling campaign to spread the awareness of “Right to Information Act” in different MBA institutes in the NCR region. We have collaborated with RTI officials, who have devised a panel to take this campaign to as many people as possible and make it a huge success.

We plan to empower students on their right to procure and access information and make use of it in an efficient way, because this responsibility lies with the educated youth to use this information for the betterment of society. We will spread awareness about the different eco-friendly initiatives and policies of different organizations and governments, related to greenery and environment protection.

Date Of Event --> 7 Feb to 14 Feb

Greenery in crisis – Ek naya daur

In this event, all the participating teams would have to make a small and original but an highly impactful movie or a small video of 3 to 5 minutes, which would show as to when individuals or a group of individuals are concerned about their benefits, needs and wants and don’t even think of preserving or protecting their natural habitat or the environment, how in this matter of crisis, the objective of “Go Green” can be successfully achieved.

The movie or video which gives out the best message and creates the maximum impact on everyone’s mind and soul, would be the one who would establish a new path, a new way, a new era.

In other words, it would give rise to “Ek naya daur”

Date Of Event --> 7 Feb to 14 Feb

Abhiyaan : Lets Go Green

This is a simulation based competition, comprising of real life situations related to a very pertinent and talked about concept in today’s changing world and moreover corporate scenario called, “Green Marketing”

The participants would be given real life situations that are faced by different entrepreneurs and organizations in implementing eco-friendly measures and products and they would have to conceptualize, formulate and present a suitable promotional campaign related to a particular company, wherein the campaign would revolve around the central theme i.e. Green Marketing.

The objective is to provide an impactful platform to all the participants to showcase their humane, business and creative skills and to create a high impact on everyone’s mind and soul.

The real life situations have been collected after extensive research.

Date Of Event -->10 Feb

Caso Estudo

It is one of its kind of case study analysis completion, which is being organized for the first time in our institution. In this competition, the participants would have to analyze and solve a case study, the central theme of which would revolve around Profitability - Corporate Social Responsibility tradeoff.

The case study would be such an innovative one, which would compel the participants to choose between good corporate social responsibility practices and anti-social and anti-ecological practices in a highly profitable yet adverse situation.

The objective behind this exercise is to help participants to develop a conviction to never resort to anti-social or anti-ecological practices in any adverse situations.

The cases are designed by the combined efforts of faculty and students of different departments of our institution.

Date Of Event --> 11 Feb

Startup-Gears

A highly enriching and knowledgeable workshop, which we are organizing in collaboration with NEN at our campus. The objective of this workshop is to facilitate all those budding entrepreneurs who have one or many new, creative and strategic idea’s, but don’t get the right mentorship to teach them, as to how to successfully implement their ideas. This workshop will help them evaluate their ideas and develop a conviction and confidence on their entrepreneurial ideas. It will also help them learn the way to develop innovative ideas. The target number of participants would be 60 per session and the profile of participants would be a combination of students with MBA and MCA Background i.e. a well defined combination of Administrative and Technical skills. It will be conducted in two sessions.

5 Feb 1st Session- Idea Generation and Opportunity evaluation.
6 Feb 2nd Session- Brainstorming and How to write a formal B-Plan.

An appeal to all LBSIM students......!!

E Week is a nationwide event and more than 300 institutes participate in this event. For the first time Entrepreneurship Cell of our institute is taking the initiative to participate in this nationwide competition. The zeal and determination in the students of our institute will determine whether we win this award or not. To make it a success, we need your contribution.

As quoted by Anita Roddick, "Nobody talks of entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking."

Therefore, unleash your creativity and come up with bright ideas.
Please go through the post named "What criteria determine the award winners ?" and post your suggestions in the comments. We will feel proud to implement your ideas. You can also send your suggestions on ecell@lbsim.ac.in

Click on the undersigned link to visit the official website of E week '09 (NEN)
E week '09

What criteria determine the Award winners?

The three main criteria determining the E Week Champions, Runners Up, and Honor Roll awards include:

1. Awareness and Buzz created around entrepreneurship and E week
2. Quality of Programs - innovative, creative and learning oriented
3. Relevance to the theme for 2009 - Go Green!

In addition, Participation for at least 5 of the 8 days of the E-week will be the distinct criterion for all the E Week Champions Awards.

Indicators of each of the criteria are provided below:

1. Awareness and Buzz:

E-Week 2009 aims to create large scale awareness and excitement around entrepreneurship and 'Go Green' on NEN member campuses and in the community. Champions are expected to create this buzz, which may be indicated by:

• Large number of entrepreneurship and 'Go Green' activities
• High levels of participation
  • Management, faculty, students on campus
  • Community - students, faculty of other campuses, alumni, professionals, and entrepreneurs
• Effective marketing of E Week and its activities

2. Quality of Programs:

Ideally, Champions run innovative events that are a mix of fun and serious learning. Indicators to determine quality include:

• Thoughtfully created events with
  • Clear learning objectives
  • Sound structure, plan and content
• Innovativeness and creativity
• Sustainability - able to run on an ongoing basis beyond E Week
• Ability to engage relevant speakers

3. Relevance to the theme - Go Green!

We expect that Champions will make special efforts to promote maximum awareness and knowledge of clean technology and environmentally sustainable businesses.

What are the E Week 2009 Awards?

From February 7 to 14, over 370 NEN Member Institutes will come together across the country to celebrate entrepreneurship. E Week Award winners are those institutes that best embody the spirit of E Week and provide the extraordinary leadership required to make E Week a success.

This year we have added a new series of Special Awards to recognize innovation, impact, and effective public awareness campaigns.

E Week 2009 Award winners will be selected in 4 categories:

• The E Week Champions
• E Week Runners Up
• E Week Honor Roll
• Special Awards

Special Award winners will be selected in three categories:

1. Most Innovative Event
2. High Impact Event
3. Most Effective Public Awareness Campaign

NEN announces Entrepreneurship Week India 2009

It's not every day that more than 2,00,000 young people turn out to support entrepreneurship. Maybe one could expect it for a concert; maybe a demonstration; certainly a world cup match! But entrepreneurship?

The sheer volume of participation in Entrepreneurship Week India 2008 awoke in all of us - across the NEN community - a heightened sense of responsibility. To these young people, and to the future.

The question raised by many was: How can we use the power of E Week to tackle the hardest problems, and help future entrepreneurs prepare for the best opportunities? The proposal was that each year, E Week should focus on a sector presenting us with some of the greatest challenges, and therefore the greatest opportunities of our time.

Therefore, we are delighted to announce that the next Entrepreneurship Week India, to be held February 7 -14th 2009, will challenge us all to: Go Green! Because the world is our business.

TATA NEN Hottest Startups

 Our institute was invited in polling for the best start-ups in the event, “TATA NEN Hottest Startups” organized by NEN in collaboration with TATA group with an objective of promoting entrepreneurship. Approximately 50 votes were cast from our institute. A lucky draw was conducted for the voters and 15 prizes were distributed.

Idea Generation & Screening!!!!!!!

A Guest Lecture was organized on 3^rd September, 2008. The topic for the same was "Idea Generation & Screening"

The invited speakers were Mr. Ashish Kumar – Founder, Tekriti Software pvt. Ltd and Mr    Suresh Mansharamani – Founder, Movie Mart.

These all speakers are founders of their respective organizations. Both the guest lectures were a huge success and were highly appreciated by all the students and the faculty members.

Guest Lecture on "Entrepreneurship"

The Entreprneurship and consulting cell of LBSIM, Delhi organised a lecture on Entrepreneurship on August 8th, 2008.
The invited speakers were Mrs. Kalpana Sinha from National Entrepreneurship Network (NEN) and Mr. Vineet Bajpai, alumnus LBSIM, founder and CEO, Magnon Solutions Pvt. Ltd.

INSIGHTS by Mr. Vineet Bajpai:

Five important points must for an Entrepreneur-

1. Think Big
   
2. Think More.
   
3. Think Ambitious.
   
4. Truly believe that you are not born to be a common man.
   
5. Believe that you can do it.
   

Mrs. Kalpana Sinha expressed her interest in collaborating NEN with our institute after seeing the enthusiasm in LBSIM students.

The Cell has now collaborated with National Entrepreneurship Network (NEN), which is a network of Entrepreneurs, Start ups, venture capitalists and various academic institutes of the country.

The lecture was greatly appreciated by all the students and the faculty members.This encouraged us to invite speakers for another guest lecture.