Webinar on ENTREPRENEURSHIP

14th JUNE 2020, SUNDAY

ENTREPRENEURSHIP
Possible path to career Fulfillment..

By
Dr. M.K. Jayanthi Kannan, B.E.,M.E.,MS.,MBA.,M.Phil., Ph.D.,
Professor,
Dept. of Computer Science and Engineering,
Faculty of Engineering and Technology,
JAIN Deemed To-Be University,
Bengaluru.
 Emerging Indian Economy for
Entrepreneurship
INDIA FACES ..
 External CHALLENGES
 Global Financial Crisis
 Pressures of Globalisation
 International Reputation
To face the Challenges INDIA NEEDS Entrepreneures..
 SAME TOOLS BUT DIFFERENT ENGAGEMENTS
 The question is not WHAT is to be done.
 Possibly everything needs to be done.
 Question is WHO and HOW
 INDIA needs Make in India, Start-up India
As more people take up entrepreneurship, they’ll become a constituency
that policy makers will listen to.

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 Challenge for India’s Entrepreneurship
Creativity and imagination is what is needed, We need to adapt to the Technology
changes,
CONVENTIONAL
 Indian Population is 1.3b during 2015, during 2025 it will be 1.8b so high
Demand exists
 About 2% population ready to enter workforce every year and would like to
stay there for next 45/50 years
 We need 700 m occupational opportunities for the current work Force
 Growing at 30 m per year with no contraction in total opportunities
 Supply doesn’t match up,
 Build to match demand
BUT INDIA FACES A CHALLENGE
• Demand and Supply both exist, but,
• Both demand and supply are faltering,

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 Five types of entrepreneurial activity..

 New product innovation ,

 New process innovation ,
 Market innovation,
 Input or Resources innovation.
 Organizational innovation - the complete
restructuring of an entire industry or the breaking
up of a monopoly.

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 Now is the best time to become an
Entrepreneur ! Now!!
• Jobs are getting cut in the corporate world. The corporate
structure is no longer working.
• Millennials kids don’t want to be told what to do,
• Computers are replacing workers and technology is killing
jobs and making new ones
• Google can help you find anything! Info and data are free. We
have everything we ever need at our fingertips.
• We need to continue reinventing ourselves. The best ideas on
earth have yet to be acted on.

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Enhancing Entrepreneurship amongst Students
and Individuals..
 The Workforce Will Be 50% Distributed
 All businesses will have 50% of their employees/contractors
working remotely for them from across the globe.
 Success and failure will come faster. The time it takes to bring
an idea to market or toss it in the garbage will shrink.
 Resources ? money.
 Entrepreneurs don’t need money to start a business, they need
people.
 With people comes money and other invaluable resources.
 People have knowledge, expertise and ‘know how’ to get
things done.
 People know other people that can help you to build your
Business.
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 Resources? Money need to become
Entrepreneur..! NO..!!
• Cost is No Longer a Barrier, Technology and economies of
scale have made it most affordable.
• Access to capital no longer a valid excuse for not starting a
business,
• Your Network is Your Key Currency,
• Maintain Your Personal Brand – From this point forward,
everything we do will be forever recorded and accessible.
• Your reputation, integrity and personal brand are now more
important than ever.
• Youth Has the Advantage – When you first start working, your
opportunity cost is the lowest and your upside potential is the
highest it will ever be.

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 The Way Get Started Is To Quit Talking And Begin Doing.” -Walt Disney

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