- “Take up the challenge… with a positive attitude and a passionate zeal”
Gurus speak at an E2 Seminar in IIPM Delhi
New Delhi: The E2 (Economy & Entrepreneurship) Club at IIPM Delhi had recently organized a seminar for its students at its Tower I Auditorium on September 27, 2006. The seminar had a distinguished panel of speakers comprising the likes of Mr. Pankaj Munjal, MD, Hero Cycles, Mr. Suhel Seth, Communication and Marketing expert and Mr. Sandy Hooda, a Delhi based venture capitalist. The seminar, titled, “Entrepreneurship: Views and Avenues,” was attended by over 250 students from the PG Programme, apart from various senior faculty members of the likes of Prof. Naveen Chamoli, Prof. Jaydip Dutta Gupta, Prof. Abhishek Bhattacharya, Prof. Neeta Tripathi, Prof. Anuj Ahuja, amongst others.
During the seminar, Mr. Pankaj Munjal elucidated how the Hero Group has reached its peak and has dominated the two wheeler market for over four decades, even when its founders never had any flashy MBA degree against their names. It was the level of sincerity, hard work and focused dedication that has created an iconoclastic organization. The mantra preached by Mr. Munjal was, “Failure is the best feedback that leads to success, hence accept failure first and learn how to overcome it in due course of time.”
Mr. Sandy Hooda, a highly successful, young entrepreneur himself, who has made a mark of himself as an even more successful venture capitalist, by turning his investments into a profitable venture, had lots of practical experience to share with the audience. He pointed out, “Today, India is the most lucrative business destination as the country is the fastest growing free market democracy. The future of India’s entrepreneurial growth lies in its youth.” He stressed on the mechanism of identifying business ideas which are either untapped or businesses which can be run or managed differently. That would give every Indian enterprise an edge over the rest in the world.”
Mr. Suhel Seth was the final speaker of the day. An icon, in his own right, he presented his real life case of how, he along with his dear friend, Late Shunu Sen, started off India’s first Marketing Consulting firm, Quadra. He exemplified how he had to sell off Quadra to the WPP Group, not because he was in short of funds, but how as an entrepreneur, he wanted his brand to grow under a bigger mother organization. This is when he stated, “An entrepreneur needs to take decisions beyond his own emotions. He need not claim his creation to be a baby and hug onto it, just because he created it, but needs to see how it grows further on…” Mr. Seth preached some mantras to the students, which were: “Entrepreneurship is not about ideas it’s about unbridled ambition blended with confidence and values. There should be three dimensions to an entrepreneur’s life - high levels of integrity, power to absorb the challenge of risk and
ability to forecast the future in a more organic and defined manner”.
Overall, the seminar was a great learning experience for the students, who gained enough confidence and motivation, before they actually planned to venture out in the world to become an entrepreneur themselves. - IMF and World Bank experts address IIPM Students in Washington, DC Viewed live by students across all 7 IIPM centres through videoconferencing
New Delhi, October 06, 2006: An elite group of 60 IIPM students, representing all the seven Indian centres (Delhi, Mumbai, Ahmedabad, Pune, Bangalore, Hyderabad and Chennai) of The Indian Institute of Planning and Management, attended an exclusive seminar on October 5, addressed jointly by a panel of senior economists from the World Bank and International Monetary Fund (IMF), in Washington, DC. This seminar is a part of the institute’s unique international program, the Global Opportunity and Threat Analysis.
The seminar, titled “India’s Growth: Surprises, Idiosyncrasies, Anomalies and Challenges” was addressed by Mr. Arvind Subramanian, Mr. Brian Pinto, Ms. Priya Basu and Mr. Deepak Mishra Also present for the seminar was Mr. Shantayanan Devaranjan, Chief Economist (World Bank’s South Asia Region). The seminar was divided into four sections to cover the following key issues: “Why India’s growth is like nobody else’s?”, “How can India grow so fast with such high fiscal deficit?”, “Will infrastructure and the financial sector constrain India’s future growth?” and “India’s rapidly-growing states: What lessons for lagging states?”
Praising the initiative taken by IIPM, Mr. Devrajan commented, “It is always a wonderful experience to interact with students from India, as they are well versed with the topics that we intend to speak on. It was an equally great session today and I found the IIPM students very interactive and inquisitive.”
According to Prof. Prasoon S Majumdar, Dean Academics (All India), IIPM, “Our uniquely designed GOTA programs intend to give our students an optimal exposure in terms of how global economy works, how corporations run businesses under various economic systems, how world organizations and leading institutions perceive India’s growth in the coming years. Through this visit at the World Bank premises, the students have gained a lot of fresh insights, that would help them in presenting white papers on their return. I thank both the World Bank and the International Monetary Fund for their support in the same.”
Apart from a trip to the World Bank, these students have also received invitations to visit various other institutions and organizations in the United States. This includes a lecture tour to NYMEX - the world's largest physical commodity futures exchange and the Trading Forum for Energy and Precious Metals, UCA Global (New York) an Entrepreneurship development organization in the US, Dow Chemicals and Sanofi-Aventis, two of the world’s leading pharma giants and the Citigroup amongst others.
The seminar at World Bank also served as a massive technological platform for the institute, as arrangements were made to make the seminar come live to all students from the institute’s 7 campuses across India, through videoconferencing. This enabled the remaining students of the institute also to be a part of the seminar, without being physically present in Washington DC, USA.
The students at these campuses also participated during the seminar through questions and feedbacks, sent directly to Washington DC. - ROLE OF ‘IMF’ IN INDIA: Addressed by Mr. James Gordon, Senior Resident Representative (India) IMF.
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