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    Group 1 - An Aspiring Enterpreneur

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    Nagendra Patti
    The document summarizes the key details of an e-MBA group assignment for a course on corporate entrepreneurship and innovation. The group has 10 members listed. It then outlines challenges faced by an entrepreneur named Nagesh in starting his business to provide computer maintenance services to educational institutions in 1980s India, such as lack of expertise, funds, customers and proper marketing. It provides strategies for Nagesh to hire professionals, obtain funding, develop the business and deal with challenges to become a successful entrepreneur.

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    Group 1 - An Aspiring Enterpreneur

    Uploaded by

    Nagendra Patti
    33 views14 pages
    The document summarizes the key details of an e-MBA group assignment for a course on corporate entrepreneurship and innovation. The group has 10 members listed. It then outlines challenges faced by an entrepreneur named Nagesh in starting his business to provide computer maintenance services to educational institutions in 1980s India, such as lack of expertise, funds, customers and proper marketing. It provides strategies for Nagesh to hire professionals, obtain funding, develop the business and deal with challenges to become a successful entrepreneur.

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    The document summarizes the key details of an e-MBA group assignment for a course on corporate entrepreneurship and innovation. The group has 10 members listed. It then outlines challenges faced by an entrepreneur named Nagesh in starting his business to provide computer maintenance services to educational institutions in 1980s India, such as lack of expertise, funds, customers and proper marketing. It provides strategies for Nagesh to hire professionals, obtain funding, develop the business and deal with challenges to become a successful entrepreneur.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    33 views14 pages

    Group 1 - An Aspiring Enterpreneur

    Uploaded by

    Nagendra Patti
    The document summarizes the key details of an e-MBA group assignment for a course on corporate entrepreneurship and innovation. The group has 10 members listed. It then outlines challenges faced by an entrepreneur named Nagesh in starting his business to provide computer maintenance services to educational institutions in 1980s India, such as lack of expertise, funds, customers and proper marketing. It provides strategies for Nagesh to hire professionals, obtain funding, develop the business and deal with challenges to become a successful entrepreneur.

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    E-MBA Trimester 2

    CORPORATE ENTREPRENEURSHIP & INNOVATION


    Group Assignment
    Group-1
    Group Members:
    ▪ Abhimanyu G
    ▪ Ashish Shetty
    ▪ Daniel M J
    ▪ Jashwanth S
    ▪ Krishnakumar M
    ▪ Nagendra Patti
    ▪ Samanth Isaac Jillapegu
    ▪ Shivakumar S R
    ▪ Sushma C Umachagi
    ▪ Vunnam Murali
    “Believe you can and you’re halfway
    there.”
    — Theodore Roosevelt
    B.Tech in
    Shop-floor Job with
    Mechanical
    Telco in 1982
    Engineering

    Interested in
    Electronics and
    Computers
    No computer
    maintenance

    Low-end
    Wrong
    machines
    contacts for
    most
    funding
    neglected

    Market
    Research
    Lack of
    Lack of
    proper
    knowledge
    services
    of intranet
    done to the
    during
    new
    1980(s)
    computers Computer
    manufacturers
    neglect
    educational
    and scientific
    research
    Institutes
    Maintenance of Electronic
    Equipment in Educational
    and Scientific Research
    Institutions

    Why target these institutions?


    Computer manufacturers at that time were
    concentrating on large-volume/large-value
    sales. Not focusing on this segment.
    SKILL SET CUSTOMERS FUNDS
    Lack of Inability to Shortage of funds
    expertise in this attract highly and/or investor
    field qualified partners with the
    professionals right competencies
    for a venture
    GAIN MORE HIRE
    SKILLS PROFESSIONALS
    To be competent enough Need to hire professionals
    with the required who have more knowledge
    skills/qualification in of the latest trends in the
    order to manage the firm. industry.

    NETWORKING MARKETING
    Start networking with Promote more about the
    persons who work in a services we provide and
    how it benefits the
    similar field and try to gain customer. Target some
    more knowledge from small group of audience
    them. who can invest and grow
    Attend a few workshops to simultaneously along with
    learn about How to attract the firm. Free trial period
    for 30 days.
    customers and do
    business effectively.
    NRI Customer Funds

    Family

    Friends

    Relatives

    Father’s Contacts

    Bank Loan
    Business Setup

    Increase
    Develop Business
    Hiring the
    Strategies Deals
    Business
    How to Grow in Business

    By dealing
    Constant
    with highly
    Relationship
    qualified board
    building
    members

    Successful
    Constant collaboration
    Re-evaluation with external
    partners
    Ongoing Challenges
    Industrial Challenges Business Strategy
    To Provide Quality service Sales and Marketing Strategy

    Large Players in the Market Pricing Strategy

    Customer Loyalty Sustainability and Expansion Strategy


    Finally, Nagesh can be a Successful
    Entrepreneur, if he practices the
    following:

    • Are my goals well-defined? Do I have


    the Right Strategy? Can I execute the
    strategy?

    • Training and long-term vision to the


    employees and paying them good
    wages.

    • Making the employees as Formal


    Stakeholders in the company.

    • Micro Evaluation at each stage and


    learning from failures.

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