Tuesday, August 12, 2014

Entrepreneurship Opportunities in Emerging India: Logistics and E-commerce

Mr. Rajesh Pednekar, who has rich industry experience in Supply Chain and Distribution, gave a guest lecture to the students of SJMSoM about the opportunities and avenues of entrepreneurship in an emerging market like India.


The session was presented in two parts. First part was about the basic introduction for the students on how to make the most out of an MBA course. It focused on the general guidelines and the best practices.
The speaker described the four E’s of life as follows:
  1. ·         Education,
  2. ·         Employment,
  3. ·         Engagement and
  4. ·         Entrepreneurship 

Mr. Padnekar urged the students to attend all classes and gain knowledge. “Education is something that opens up your mind and sets you free”, he said.

“If you do what you love, you will not have to work single day”, he said. He suggested us to connect with our seniors, mentors and alums using social media. “Work for learning, earning will come later. If required work for free. Be in ‘Gemba’ i.e Japanese term for Workplace. Go out meet real people and engage yourself in solving real problems.”

Engagement is a very important aspect of life. If one is not happy at ones’ home, then one can’t give ones’ best at work. He spoke about 5 M’s of Marriage – Mind, Money, Manners, Meals, Maturity.

Entrepreneurship is continuous pursuit of opportunity without regards to resources currently controlled. He urge the students to make materialism irrelevant; enhance knowledge through continuous education; manage relationship expectations; practice emotional self-awareness; commit to physical ideal; make networks; adhere to code of ethics and focus on time efficiency.

The second part of his guest lecture was targeting the logistics and the supply chain management in Indian e-commerce.

The session started with the Jobs business model. JOB – Just Over Broke. An employee is only paid that much that he can come to office the next day. He described the pros and cons in the JOBs Business Model as follows:

Limited Upside
  1. ·         No capital invested
  2. ·         Work as a cog in other system


Unlimited Downside
  1. ·         Universal Constraint – Job is selling time for money(Max 24 hours are available )
  2. ·         No price freedom
  3. ·         Usage increase is always lesser than actual
  4. ·         Can sell to only one customer
  5. ·         All innovations/inventions belong to the company.


Mr. Padnekar also discussed about the current state of Indian Logistics – challenges and Opportunities. Quoting one of the challenges in Indian logistics, Mr. Padnekar described the lack of efficient cold chains to transfer pharmaceutical products which require strict temperature controlled environment.

He said that the prospects for budding entrepreneurs are looking positive considering the huge budget allocated for entrepreneurship in the recent financial budget. The session ended with discussing some important Taxation tips.

It was a knowledge enriching session wherein the students of SJMSoM got more insights on how an entrepreneur can save more money as compared to an employee in taxation. The session included valuable inputs on the ground realities of best practices for MBA and Entrepreneurship. This session enabled us to learn something which we do not learn in books.


Written by,
Udit Kataria
SJMSoM’16

10 comments:

  1. I like this a lot. Thank you for sharing. I'm always looking for upcycles like this. In the end, you don't know it was a shipping pallet to begin with!
    India Vs Pakistan live Cricket Streaming
    India Vs Pakistan live Cricket Streaming
    India Vs Pakistan live Cricket Streaming

    ReplyDelete
  2. If you are marketing for a great company you'll have some real direction here from the products you will be selling. Your heart is satisfied

    ReplyDelete
  3. Want to share files between your smartphone and the Windows-based desktop or laptop? Desperately searching for a file transferring app which can transfer files from your Windows PC to your smartphone? If yes, then SHAREit is your ideal option. To know more about SHAREit for PC, check out this website shareit for windows 8

    ReplyDelete
  4. Pretty blog, so many ideas in a single site, thanks for the informative article, keep updating more article.
    Digital marketing course in chennai

    ReplyDelete
  5. This website share a very important news. That's really so effective for us. And also for Indian. I really support this kind of social work. In my country I also wanted to do this. Very nice work this is.

    ReplyDelete
  6. That is truly therefore efficient for all of us. As well as with regard to Indian native. I truly assistance this sort of interpersonal function. During my nation We additionally desired to get this done.Also more visit here http://academicghostwriter.org/.

    ReplyDelete
  7. There is the place for the entrepreneurship opportunities where you can enjoy the best experience of your life. Just maintain this site with the latest updates and set the great target in this field. You can also search for the news here.

    ReplyDelete
  8. This vinyl is really helpful to convert any video into the mp3 as sometimes we need to stay collected things in the mp3 mode. https://www.writingaresearchproposal.com/our-professional-writing-research-papers-services/psychology-research-proposal-writing/ the site for more ideas and tips about the educational information.

    ReplyDelete
  9. There is certainly the spot for your entrepreneurship options to take pleasure in the finest knowledge you will ever have. Merely sustain this web site with all the newest revisions and also established the fantastic targeted on this industry. You can even seek out what is the news the following http://www.reactionpaper.net/faq-on-how-to-write-response-to-literature-essay/.

    ReplyDelete
  10. New rules set for Betway matchpoint, and why is
    New rules set for 다파벳 Betway matchpoint, and why is there such an matchpoint important role in betting on the 온라인카지노 The Betway sign up offer is an important feature of Betway.

    ReplyDelete