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ACHEIVERS II
-K.PRANIT
INDEX
INTRODUCTION TO GOAL SETTING
MOTIVATIONAL QUOTES
MOTIVATIONAL PICTURES
QS WORLD RANKING
INTRODUCTION TO GOAL SETTING
Goal setting involves the development of an action plan designed in order to
motivate and guide a person or group toward a goal. Goals are more deliberate
than desires and momentary intentions. Therefore, setting goals means that a
person has committed thought, emotion, and behavior towards attaining the goal.
Setting goals helps trigger new behaviors, helps guides your focus and helps
you sustain that momentum in life. Goals also help align your focus and promote
a sense of self-mastery. In the end, you can't manage what you don't measure and
you can't improve upon something that you don't properly manage.
Finding and keeping a healthy work-life balance, with time for friends and
family; Living with integrity, being honest and open with others; Inspiring others
through your beliefs and actions; Being a great listener so that others can turn to
you;
Goals often help people set clear and laid out plans for what they want to
achieve, however it can actually add unnecessary pressure, especially if
someone else has created them. Working under pressure can often bring out
many people's worst performance and isn't a particularly comfortable working
environment.
WHY IS GOAL SETTING IMPORTANT? Goals help describe success. People
tend to maintain expectations, not surpass them. Thus, expectations or goals should
be challenging, yet within a person’s or group’s grasp. Goals are outside an
individual and sometimes referred to as “hoped for” rewards toward which motives
are directed. Goals create common tasks and processes for a group or individuals.
By having them, a group knows what it has to do and can work together on the
goals.
SECONDARY IDEAS
GOAL COMMITMENT
People perform better when they are committed to achieving certain
goals. Through an understanding of the effect of goal setting on
individual performance, organizations are able to use goal setting to
benefit organizational performance.In addition, another aspect that
goes with goal commitment is also goal acceptance. This is an
individual's willingness to pursue their specific goal. Locke and
Latham (2002) have indicated three moderators that indicate goal
setting success:
1. The importance of the expected outcomes of goal attainment,
2. Self-efficacy: one's belief that they are able to achieve their
goals,
3. Commitment to others: promises or engagements to others can
strongly improve commitment.
Expanding the three from above, the level of commitment is
influenced by external factors. Such as the person assigning the goal,
setting the standard for the person to achieve/perform. This
influences the level of commitment by how compliant the individual
is with the one assigning the goal. An external factor can also be the
role models of the individual. For example, say an individual looks
up to their manager and cares about his or her opinion, the individual
is more likely to listen to goal-setting strategies from that individual,
and ultimately become more committed to their desired goal.
Internal factors can derive from their participation level in the work
to achieve the goal. What they expect from themselves can either
flourish their success, or destroy it. Also, the individual may want to
appear superior to their peers or competitors. They want to achieve
the goal the best and be known for it. The self-reward of
accomplishing a goal is usually one of the main keys that keeps
individuals committed. For example, if an individual was working
toward becoming the president of their company, if they achieve their
goal, they could reward themselves with something of importance to
them
Another route individuals can take to set their goals is to follow
(STD) that is, setting their goals to be Specific, Time-bound, and
difficult. Specifically, an individual's goal should be set at the 90th
percentile of difficulty
Target
Outrageous
As the name suggests, your most outrageous goal, importantly you must make sure
ABOUT YOUR GOAL
The Indeed Editorial Team comprises a diverse and talented team of writers,
researchers and subject matter experts equipped with Indeed's data and insights to
deliver useful tips to help guide your career journey.
In this article, we list 14 common goals of entrepreneurship and why you may want
to set the same goal.
Entrepreneurship goals are goals set by someone who has started a business. These
goals are either for the business or for the entrepreneur. They give the entrepreneur
something to work toward, which helps them make decisions while they are
creating their business. Specific goals also help an entrepreneur track their
progress.
A business plan helps an entrepreneur focus their actions and gives them a goal to
work toward. Business plans detail things such as:
Business plans help entrepreneurs plan out their business before they get started.
This makes it a good first goal for entrepreneurs.
Launching your first product is a major milestone for any entrepreneur. It often
takes many hours of preparation and work to create that first product. It is your
first product that will begin to bring in revenue, an essential element for any new
business. Decide what you want your first product to be, how much you plan to sell
it for and how you're going to sell it.
Regardless of the type of business you're starting, an online presence allows you to
reach more people. An online presence typically includes elements such as a
website, an email contact address and social media activity. A common goal for
entrepreneurs is to establish an online presence early so that they can begin to
attract a wider audience. You can start by creating a website for your new business.
Many entrepreneurs have the goal of growing to the point where they need to hire
additional help. This is seen as a sign of strong growth and allows the entrepreneur
to delegate some of their responsibilities. If you're setting goals for your new
business, consider making one of them hiring the right people. This means you're
not only hiring new people for your business, but you're hiring people that will
continue to help the business grow. New hires can also bring their own positive
attributes to the business.
6. Delegate effectively
It's important to not only hire the right people but also delegate your
responsibilities to them effectively. Many entrepreneurs take on too much
responsibility. By delegating key tasks, entrepreneurs can improve the efficiency
of their business and their enjoyment from working for the company.
One of the great things about working as an entrepreneur is that you often get to
pick who you work with. However, when you're first starting out, you may be less
judicious about your clients in order to generate more revenue. A worthy goal for
entrepreneurs is to get to the point where they can work only with their ideal
clients. For example, they can choose to work on projects that interest them the
most or with companies that have similar values. Working with your ideal clients
often makes work more enjoyable and rewarding.
Some entrepreneurs who primarily work alone often seek out connections to other
entrepreneurs. Developing a network with like-minded individuals provides
entrepreneurs with a few benefits. First, it gives you people to communicate with
who also have a passion for building their own business. Second, you can receive
feedback and advice from this network and use it to improve your new business.
It's for this reason that some entrepreneurs make it a goal to meet new people who
also have an interest in entrepreneurship.
A brand identity is the visible elements of your business that provide a specific
feeling or impression in an audience's mind. Establishing a specific brand identity
allows a new business to differentiate itself from other businesses in the same
market. Entrepreneurs first identify the visible elements of their business that they
want to control, such as its color scheme, logo and tone of voice. Then they modify
these elements to better represent the desired brand image and continue to do so
until their brand's identity is firmly established within their audience.
A strong marketing strategy helps a business grow its reach and sell its products.
Every new business uses a marketing strategy in order to grow. The design and
implementation of a marketing strategy, therefore, becomes an early goal common
for entrepreneurs. The launching of an email marketing campaign or social media
advertising campaign is a significant milestone for a young company.
Another important milestone for entrepreneurs is when they are able to have a
healthy balance between the amount of time they spend on work and free time.
When first starting out, many entrepreneurs lack free time because they are
spending most of it working on their business. Once they are able to grow their
business to a point where it doesn't need as much attention, the entrepreneur can
take more time to relax.
Entrepreneurs like it when they can predict how much their business will grow
over a certain amount of time. This makes it easier to make decisions for the
business, such as how much they can afford to invest in different areas. It's for this
reason that entrepreneurs will aim to have steady business growth, rather than large
fluctuations from month to month. To do this, they may implement strategies
within the business designed to reduce variations such as standardizing project
management techniques.
If an entrepreneur learns of a tool or method that could benefit their business, they
may make it a goal to research it. For example, there may be a new project
management tool for sale or a better way to handle customer service requests. The
entrepreneur researches this new tool or method and determines whether it would
improve their business.
Here are five examples of smart goals for small business owners and how you
can set them.
Financial goals.
Growth goals.
Customer goals.
Employee development goals.
Social goals.
First of all, here you will find today’s examples of long-term business goals list for
your consideration:
1. Expand into a new geographic market
2. Market through a new channel
3. Penetrate a new demographic
4. Broaden product and service offerings
5. Acquire a competitor
6. Expand personnel and facilities
7. Migrate to a new technology platform
8. Put financing sources in place
9. Increase earnings
10.Improve profit margins
While ensuring its long-term success, growth, and profitability. As you make the
journey.
Unlike enterprise-level businesses, you don’t have the resources to have a “face” of
your small business. You actually have something better…you.
I know what you’re thinking. How can you compete with charismatic and well-
known personalities? Well, just be yourself. That what your customers want.
They want someone they can connect and engage with because you’re real. Your
authenticity, heart, values, and vision are what separates you from other small
business owners. That can actually be the greater resource that you possess.
Simply put, build your brand’s personality by putting more “you” into your
business. The easiest way to do this is just to be yourself when you write a blog
post, film an instructional video, or speak at an industry event. Share your vision
and values in your “About Page” or write an editorial that explains why you started
your business.
Compared to building your brand, this isn’t as exciting. But, these procedures can
make or break your small business.
You overestimate demand for your product or service. Let’s say that
you still receive DVD’s in the mail from Netflix. Just because you can’t
let go of this now-outdated technology, doesn’t mean that starting a
DVD rental business will work. Between Redbox and streaming
services your chances of survival would be slim-to-none. Vet your ideas
to your friends and family or conduct some primarily market research.
Entering a competitive market. On one hand, at least you know there’s a
demand. On the other hand, the market may be oversaturated. The only
way this works is if you have a distinct competitive edge.
Not taking into account overlooked costs. Expenses like your salary and
purchasing an office and equipment are obvious. But there are plenty
of overlooked costs when starting a business, such as these 25. Not
factoring these expenses could lead to not utilizing your resources or
throwing your budget out-of-whack buying things you don’t need.
Not planning for profitability. If you want to succeed, then you have to
know your profit model. This means being aware of your gross margin
on sales, net margin, and how much you need to make to break even.
These numbers based on KPIs will let you know how your business is
actually performing.
Customers love supporting local businesses. After all, when they support a local
small business they receive benefits like improving the local economy. Knowing
the people behind the product or service leads to better customer service, and a
more personalized experience. Furthermore, supporting local businesses keeps the
community unique.
As a small business owner, you should look for opportunities to give back through
volunteerism, hosting a fundraising drive, or sponsoring a non-profit organization.
Attend local events and just engage community by soliciting feedback or
highlighting your loyal customers. In other words, get involved with the
community and watch your business thrive.
Gary, like most excellent leaders, builds real relationships with his employees, as
well as encourages a work-life balance. For my businesses, I only have remote
teams. This provides them with autonomy and flexibility. Also I motivate them by
congratulating them on jobs well executed, trust building, and showing my team
that there’s a great purpose to the work that they contribute.
Regardless of how you put your employees first, they’ll be your biggest advocates,
while also growing your business at a faster rate.
Your customers are the lifeblood of your business. As such, you need to acquire
and retain them by:
7. Get organized.
By being organized you’re more likely to complete tasks and stay on-top of
everything that needs to be done. A great place to start is by creating a daily to-do-
list. These are your most important tasks that you cross-off once they are
completed. It’s a simple and effective way to stay focused and ensure that you
aren’t forgetting anything.
This isn’t a shady business practice. It’s actually used by most businesses in order
to improve your small business. This is because studying your competitors gives
you a chance to see where their weaknesses are and what they’re doing better than
you.
With this knowledge you can focus more on your strengths or how to improve the
market or industry.
If you want to ensure that your business has a positive cash flow, take the
following measures:
Whatever the situation, it’s imperative that you are able to obtain credit when you
need it. Additionally, when you have a good credit you can receive more favorable
payment terms, provide a payables float, and get set up with new vendors.
The success of your small business goes back to being a part of the community.
After all, when you enter a new geographic market it’s had to win-over established
businesses in the area. On top of becoming active in the community, also use
tactics like testimonials, word-of-recommendations, certifications, and professional
presentations to earn credibility.
Blake Mycoskie, the founder of TOMS, once said, “The easier it is for someone to
understand who you are and what you stand for, the easier it will be for that person
to spread the word to others.”
Take TOMS as an example. The idea is incredibly simple. Whenever you make a
purchase, the company will help someone in need. You know who they are, what
they stand for, and what they do.
From the get-go figure out what you stand for and tell your story so that it’s easy
for you customers to remember and share. Again, this all goes back to building
your brand.
QUOTES
The Indeed Editorial Team comprises a diverse and talented team of writers,
researchers and subject matter experts equipped with Indeed's data and insights to
deliver useful tips to help guide your career journey.
Successful entrepreneurs often work in several job roles to gain varied skills before
starting their own ventures. Typical jobs for entrepreneurs include business
development, technology, marketing, and management roles. Most entrepreneurs
pursue careers in industries where they want to start a company. In this article, we
define entrepreneurship, share the skills entrepreneurs require to be successful and
discuss a few jobs that can help you start a career in entrepreneurship.
Here are a few jobs that can provide valuable experience and skills for aspiring
entrepreneurs:
3. Appraiser
4. Financial advisor
5. Marketing manager
6. Web developer
7. Sales manager
8. Systems analyst
9. Construction manager
10. Management analyst
Networking skills
Sales skills
All business performance depends on the performance of the sales team and
professionals. Knowing how to promote and secure deals effectively is an integral
part of being an entrepreneur. From knowing which sales channels to utilise to
implementing sales funnels, sales skills help entrepreneurs become more
profitable. Thus, sales skills can be critical for aspiring entrepreneurs.
Communication skills
Finance skills
Entrepreneurs are usually responsible for all financial aspects of their business,
particularly in the initial phase of their business operations. This means having
strong financial skills like financial reporting, financial analysis and risk
management skills can be important to sustain your business. Having
comprehensive financial knowledge can help you make well-informed financial
decisions for your business.
As an entrepreneur, you get to set your own working hours. While you may have to
work longer hours in the initial phase of your business, if you succeed, you can
strive to maintain a much better work-life balance. This also necessitates that you
have good time management skills and discipline to manage your responsibilities
properly.
One of the most significant benefits of being an entrepreneur is that you get an
opportunity to provide employment opportunities to others. This means you could
give jobs to people in your community and be a real contributor to the growth and
development of society. If your business becomes successful, you may be able to
impact many people's lives positively.
Furthering innovation
As an entrepreneur, you also get an opportunity to innovate. You are free to make
your own strategy, work on unique products and find creative solutions to
challenges. This gives you the opportunity to bring new products and services to
market and contribute to the betterment of the industry as a whole.
The Indeed Editorial Team comprises a diverse and talented team of writers,
researchers and subject matter experts equipped with Indeed's data and insights to
deliver useful tips to help guide your career journey.
Successful entrepreneurs can come from any background. Although there isn't one
specific career path for a prospective entrepreneur, many choose to work in certain
fields where their expertise is easily transferred to the work necessary to start a
new business. In this article, we describe jobs in multiple industries that can serve
as a good beginning for an entrepreneur.
Entrepreneurial careers are jobs that can give you the experience and skills that
help prepare you to start your own business or develop your own product. Certain
careers can offer more training in the abilities and qualities necessary to take on the
challenge of starting a business. Some professions like law make it easier to
become an entrepreneur by starting your own business within your field of
expertise. Other careers help you develop as a future entrepreneur by offering
practice in business skills, management and product design.
Business careers for entrepreneurs
Here are some suggestions for careers that can give you the business savvy that can
help you prepare for a future as an entrepreneur:
Entrepreneurs need sales and marketing skills to build their own brand and
establish an online presence for their new business. Below are several career
opportunities for prospective entrepreneurs to work in the sales and marketing
sector:
Technological startup companies are led by entrepreneurs who often come from an
information technology background. Here are some jobs where an entrepreneur can
start their career in the technology industry:
Although an entrepreneur can come from any background, certain careers help
prepare you to be successful if desire to create your own business or product. Here
are more jobs that can help you transition to a career as an entrepreneur:
Know what inspires and excites you and use your passions to create a product or
service that relates to what you enjoy. That way, you'll be more motivated to build
a business that matches what you love to do. Investing in a product you are
passionate about means you are more likely to share that excitement with investors,
clients and business partners.
Starting something new always involves risk. Starting a business means a lot of
unknown outcomes. Successful entrepreneurs acknowledge risk but overcome
uncertainty by not giving up on their ideas, even after failure or setbacks.
Collaborate
Even entrepreneurs who possess multiple talents like business savvy and technical
expertise need help developing a new idea and starting a business. Working with a
network of professionals is an essential part of entrepreneurship.
As you start creating a product or preparing to sell a service, network with other
professionals in different industries through events, organizations and online
platforms. Then contract with talented individuals to develop your business.
Even the most successful entrepreneurs recognize their own limitations and
strongest abilities. Once you honestly assess what you can do, you'll be able to find
business partners to compliment your strengths and weaknesses so you can lead
others in launching a new product or service. Entrepreneurs provide the vision and
concept for a new brand, engaging other professionals to help turn their ideas into a
reality.
Looking for a great business education? Try one of these global schools.
Although some think that MBAs are not as prestigious as they once were, the
number of high-paying jobs that require an MBA suggest those fears are
unfounded. So, if you’re thinking of going to a business school, here are nine of
the best countries to consider.
Every year, the Financial Times of London lists its top 100 business schools.
Factors considered in ranking include an ESG rating, the percentage of graduates
employed within three months post-graduation and weighted salary three years
after graduation. The publication conducts assessments every other year.
Did you know? The first-ever MBA course took place at Harvard University
Graduate School of Administration in 1908. Forty-seven students became the first
graduates.
1. United States
Half of the top 100 business schools are located in the United States, the best of
which are mixes of private and public academic institutions.
The U.S. is home to the following renowned Ivy League business schools: [Read
related article: 5 Books Ivy Leaguers Read Getting an MBA.]
These are the top 10 US business schools, by weighted salary, that are not in the
Ivy League:
2. United Kingdom
Nine British universities finish in the FT’s Top 100 Business schools. Four British
universities also finish in Bloomberg’s European B-Schools Ranking list: London
in fourth, Judge at Cambridge in eighth, Saïd at Oxford in ninth and Imperial
College at 15th. The London Business School was the first European academic
institution to rank at top of the global MBA ranking in 2009.
3. China
Top scorer CEIBS is a joint venture between the Chinese government and the
European Union. In addition to making the Financial Times of London list, it also
finishes in the top five of equivalent Bloomberg Businessweek and Forbes polls.
The university recently attracted negative attention with the publication of the 11-
part CEIBS diaries detailing the unpleasant experiences of its overseas students.
4. India
The Indian Institute of Management at Ahmedabad has been given the status of an
Institute of National Importance by the country’s Ministry of Human Resources.
It’s also home to the well-regarded Centre for Innovation, Incubation &
Entrepreneurship.
5. France
HEC Paris ($165,558)
Edhec Business School ($120,110)
Essec Business School ($117,754)
EMLyon Business School ($99,987)
HEC limits the number of students it takes on each year for its 16-month MBA
course to 300. Edhec has domestic campuses in Lille, Nice and Paris, with
international campuses in London and Singapore.
6. Canada
7. Singapore
8. Hong Kong
The HKUST School of Business and Management offers full-time MBA courses
and Executive Education programs. It’s also part of the prestigious The Hong
Kong University of Science and Technology.
9. Germany
The Mannheim Business School offers four MBA programs: the Mannheim &
Tongji Executive MBA, the ESSEC & Mannheim Executive MBA, the Mannheim
Executive MBA and the Mannheim Master of Business Administration. Class size
is limited to 60 for the full-time MBA course.
Some top business schools can be found in several locations. Insead (186,784), for
instance, has campuses in France, Singapore, San Francisco and Abu Dhabi. ESCP
Business School (118,273) is also an institution with several campuses, including
France, Germany, Spain and Italy.
This is an ideal program for innovative and creative students who have a passion
for creating value. An entrepreneurship program is a great way to build up and
explore your ideas, and expand your business network while learning business
skills and theory.
You can study entrepreneurship at most degree levels including undergraduate and
postgraduate. As an undergraduate you can study a bachelor’s as a BA or BSc,
depending on the program and university you choose.
A lot of your time will be spent in lectures and tutorials, and you’ll also be
expected to do a lot of personal study. Most programs will include time spent in
work placements where you can gain valuable experience and put what you’ve
learned into practice.
The program content and curriculum will be unique to each university and course,
and your program will normally be made up of core modules and electives you can
choose yourself. Here are some of the subjects you can expect to study on an
entrepreneurship program abroad:
Organizational management
Data analytics
Marketing principles
Business strategy
Innovation
Business start-up
Networking
Best countries to study entrepreneurship
Which sector is best for entrepreneurs?
5 Promising Sectors for Entrepreneurs and Startups in 2021
1) E-commerce. ...
2) Alternative Energy. ...
3) Online Conversion Specialists. ...
4) Eco-friendly/Handmade Items. ...
5) OTT Entertainment
Around 97% (or 40,000 companies) of local Lebanese businesses are Micro (less
than 10 staff), Small (less than 50 staff) or Medium-Sized (less than 100 staff)
Enterprises (MSMEs). These companies are the pillar of the Lebanese economy as
they provide job opportunities for more than 50% of employees in the private
sector.
Several challenges are facing MSMEs in the region including access to funding,
access to markets, access to talents, access to technology and innovation, access to
transparent regulation, access to better facilities and infrastructure and access to
sound advisory and coaching/mentoring services.
The most critical challenge by far is access to funding sources (grants, debt, semi
equity and equity) as only 2% of the total bank loans goes to MSMEs in the region
and more than 70% of the MSMEs have a tough time becoming bankable and
obtaining badly needed funding sources.
As thousands of MSMEs are in the process of raising debt and/or equity capital
with Business Angels, Venture Capital/Private Equity funds, banks and the pool of
3Fs (Family, Friends and … Fools), one question keeps coming up again and
again….
The students should have completed their 10+2 class from a recognized
board with a science stream.
If the students have commerce as their main subject, it would also be
allowed for admission.
At the 10+2 level, the students should have secured 50% marks, a 5%
allowance for the SC/ST category students.
The institutes give admission to students based on their scores in the entrance test.
The universities may conduct their admission tests or an all India based entrance
exam would be conducted. Some of the entrance exams for entrepreneurship
course have been mentioned below –
DSAT (Dayananda Sagar Admission Test)- It is a university-level
admission examination. It offers admission to the UG and PG programs in
the college. It is conducted in both offline and online mode. The paper
would consist of objective-based multiple-choice questions in English only.
SUAT (Sharda University Admission Test)- It is a university level exam
conducted to grant admission to the UG and PG courses. The exam is
conducted offline. It has objective based multiple-choice questions.
KIITEE (Kalinga Institute of Industrial Technology Entrance
Examination)- It is a National Level Entrance Examination. It will be
conducted online for 5 days. The duration is 3 hours with multiple-choice
questions based on Quantitative Aptitude, Analytical Reasoning, English,
General Knowledge and social concerns.
CMRUAT (CMR University Admission Test)- It is a university level
examination. It offers admission to UG and PG courses. It is conducted
online in English only. It will have multiple-choice questions and no
negative marking.
ITM NEST (ITM National Entrance and Scholarship Test)- It is a
university-level exam conducted to grant admission to various UG and PG
programs. It is conducted in offline and online mode for 1.5 hours. The
paper consists of 100 objective type questions in English only.
ELON MUSK
ABOUT
FRS
Musk in 2018
Education University of
Pennsylvania (BA, BS)
(m. 2000; div. 2008)
Talulah Riley
(m. 2010; div. 2012)
(m. 2013; div. 2016)
Partner Grimes (2018–2021)[1]
Children 10[a][3]
Signature
This article is part of
a series about
Elon Musk
CONTENTS
EARLY LIFE
CHILDHOOD AND FAMILY
Further information: Musk family
Elon Reeve Musk was born on June 28, 1971, in Pretoria, one of the capital cities
of South Africa.[7][8] Musk has British and Pennsylvania Dutch ancestry.[9][10] His
mother is Maye Musk (née Haldeman), a model and dietitian born
in Saskatchewan, Canada, and raised in South Africa.[11][12][13] His father, Errol
Musk, is a South African electromechanical engineer, pilot, sailor, consultant, and
property developer, who was a half-owner of a Zambian emerald mine near Lake
Tanganyika.[14][15][16][17] Musk has a younger brother, Kimbal, and a younger
sister, Tosca.[13][18]
Musk's family was wealthy during his youth.[17] His father was elected to the
Pretoria City Council as a representative of the anti-apartheid Progressive Party,
with his children sharing their father's dislike of apartheid.[7] His maternal
grandfather, Joshua Haldeman, was an adventurous American-born Canadian who
took his family on record-breaking journeys to Africa and Australia in a single-
engine Bellanca airplane.[19][20][21] After his parents divorced in 1980, Musk mostly
lived with his father.[9] Musk later regretted his decision because he has become
estranged from his father.[22] He has a paternal half-sister and a half-brother.[19][23]
In his biography of Musk, Ashlee Vance described Musk as an awkward and
introverted child.[24] When Musk was age ten, he developed an interest in
computing and video games, teaching himself how to program from
his Commodore VIC-20 user manual.[25] At age twelve, he sold his BASIC-based
game Blastar to PC and Office Technology magazine for approximately $500.[26][27]
EDUCATION
Musk arrived in Canada in June 1989 and lived with a second cousin in
Saskatchewan for a year,[33] working odd jobs at a farm and lumber-mill.[34] In
1990, he entered Queen's University in Kingston, Ontario.[35][36] Two years later, he
transferred to the University of Pennsylvania, where he completed studies for
a Bachelor of Arts degree in physics and a Bachelor of Science degree in
economics from the Wharton School in 1995.[37][38] He reportedly hosted large,
ticketed house parties to help pay for tuition, and wrote a business plan for an
electronic book-scanning service similar to Google Books.[39]
In 1994, Musk held two internships in Silicon Valley: one at the energy storage
startup Pinnacle Research Institute, which investigated
electrolytic ultracapacitors for energy storage, and another at the Palo Alto–based
startup Rocket Science Games.[40][41] In 1995, he was accepted to a Doctor of
Philosophy (PhD) program in materials science at Stanford University.
[42]
However, Musk decided to join the Internet boom instead[43] and applied for a
job at Netscape, to which he reportedly never received a response.[29]
BUSINESS CAREER
ZIP2
Main article: Zip2
In 1995, Musk, his brother Kimbal, and Greg Kouri founded Zip2.[44][45] Errol Musk
provided them with $28,000 in funding.[46] The company developed an Internet city
guide with maps, directions, and yellow pages, and marketed it to newspapers.
[47]
They worked at a small rented office in Palo Alto,[48] Musk coding the website
every night.[48] Eventually, Zip2 obtained contracts with The New York Times and
the Chicago Tribune.[39] The brothers persuaded the board of directors to abandon a
merger with CitySearch;[49] however, Musk's attempts to become CEO were
thwarted.[50] Compaq acquired Zip2 for $307 million in cash in February 1999,[51]
[52]
and Musk received $22 million for his 7-percent share.[53]
X.COM AND PAYPAL
Main articles: X.com, PayPal, and PayPal Mafia
Later in 1999, Musk co-founded X.com, an online financial services and e-mail
payment company.[54] X.com was one of the first federally insured online banks
and over 200,000 customers joined after its initial months of operation.[55] Even
though Musk founded the company, investors regarded him as inexperienced and
replaced him with Intuit CEO Bill Harris by the end of the year.[56]
In 2000, X.com merged with online bank Confinity to avoid competition,[48][56][57] as
Confinity's money-transfer service PayPal was more popular than X.com's service.
[58]
Musk then returned as CEO of the merged company. His preference
for Microsoft over Unix-based software caused a rift among the company's
employees, and led Peter Thiel, Confinity's founder, to resign.[59] With the
company suffering from compounding technological issues and the lack of a
cohesive business model, the board ousted Musk and replaced him with Thiel in
September 2000.[60][b] Under Thiel, the company focused on the money-transfer
service and was renamed PayPal in 2001.[62][63]
In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—
the largest shareholder with 11.72% of shares—received $175.8 million.[64][65] In
2017, more than one and a half decades later, Musk purchased the X.com domain
from PayPal for its sentimental value.[66][67] In 2022, Musk discussed a goal of
creating "X, the everything app".[68]
2. RATAN TATA
ABOUT
Tata.
Ratan Tata
GBE FREng
Tata in 2010
28 December 1937 (age 84)
Bombay, Bombay
Presidency, British India
(present-day Mumbai, Maharas
htra, India)
Occupation Industrialist
Term (1991–2012)
(2016–2017)
CONTENTS
EARLY LIFE[EDIT ]
Main article: Tata family
Ratan Tata was born in Bombay, now Mumbai, during the British Raj, on 28
December 1937.[6] He is the son of Naval Tata, who was born in Surat and later
adopted into the Tata family, and Sonoo Tata, the niece of Tata group
founder Jamsetji Tata. Tata's biological grandfather, Hormusji Tata, was a member
of the Tata family by blood. In 1948, when Tata was 10, his parents when
separated, and he was subsequently raised and adopted by Navajbai Tata, his
grandmother and widow of Ratanji Tata.[7] He has a half-brother, Noel Tata, from
Naval Tata's second marriage with Simone Tata, with whom he was raised. His
first language is Gujarati.[8]
He studied at the Campion School, Mumbai till the 8th class. After which, he
studied at the Cathedral and John Connon School in Mumbai, the Bishop Cotton
School in Shimla, and the Riverdale Country School in New York City, which he
graduated from in 1955.[9][10][11] After graduating from high school, Tata enrolled in
Cornell University, from which he graduated with a bachelor's degree in
architecture in 1959. In 1975, he attended the seven-week Advanced Management
Program of Harvard Business School, an institution which he has since endowed.
[12][13]
CAREER[EDIT ]
In the 1970s, Tata was given a managerial position in the Tata group. He achieved
initial success by turning the subsidiary National Radio and Electronics (NELCO)
around, only to see it collapse during an economic slowdown.[14][15] In 1991, J. R.
D. Tata stepped down as chairman of Tata Sons, naming him his successor.
Initially, Tata faced stiff resistance from the heads of various subsidiaries, who had
a large amount of operational freedom under the senior Tata's tenure. In response,
Tata implemented a number of policies designed to consolidate power, including
the implementation of a retirement age, having subsidiaries report directly to the
group office, and requiring subsidiaries to contribute their profit to building the
Tata group brand. Tata prioritised innovation and delegated many responsibilities
to younger talent.[16] Under his leadership, overlapping operations between
subsidiaries were streamlined into company-wide operations, with the group
exiting unrelated businesses to take on globalisation.[17]
PHILANTHROPY[EDIT ]
Tata is a supporter of education, medicine and rural development, and considered a
leading philanthropist in India.[37][38][39] Tata supported University of New South
Wales Faculty of Engineering to develop capacitive deionization to provide
improved water for challenged areas.[40][41]
Tata Hall[42] at the University of California, San Diego (UC San Diego), opened in
November 2018, houses facilities for the biological and physical sciences and is
the home of the Tata Institute for Genetics and Society. The Tata Institute for
Genetics and Society is a bi-national institution that coordinates research between
UC San Diego and research operations in India to assist in societal and
infrastructure development in the area of combating vector-borne diseases. Tata
Hall is named in recognition of a generous $70 million gift from Tata Trusts.[citation
needed]
Honorary Doctor of Business
2001 Ohio State University
Administration
International Distinguished
2005 B'nai B'rith International
Achievement Award
Today is hard, tomorrow will be worse, but the day after tomorrow will be
sunshine. You cannot escape the responsibility of tomorrow by evading it today.
What you do today can improve all your tomorrows. The best preparation for
tomorrow is doing your best today.
1. “You can get everything in life you want if you will just help enough other people
get what they want.” —Zig Ziglar
2. “Inspiration does exist, but it must find you working.” —Pablo Picasso
3. “Don't settle for average. Bring your best to the moment. Then, whether it fails or
succeeds, at least you know you gave all you had.” —Angela Bassett
4. “Show up, show up, show up, and after a while the muse shows up, too.” —Isabel
Allende
5. “Don't bunt. Aim out of the ballpark. Aim for the company of immortals.” ―David
Ogilvy
6. “I have stood on a mountain of no’s for one yes.” —Barbara Elaine Smith
7. “If you believe something needs to exist, if it's something you want to use yourself,
don't let anyone ever stop you from doing it.” —Tobias Lütke
10. “The battles that count aren't the ones for gold medals. The struggles within
yourself—the invisible, inevitable battles inside all of us—that's where it's at." —
Jesse Owens
12. “Someone will declare, “I am the leader!” and expect everyone to get in line
and follow him or her to the gates of heaven or hell. My experience is that it
doesn’t happen that way. Others follow you based on the quality of your actions
rather than the magnitude of your declarations.” ―Bill Walsh
14. “Develop success from failures. Discouragement and failure are two of the
surest stepping stones to success.” —Dale Carnegie
15. “Relentlessly prune bullshit, don't wait to do things that matter, and savor the
time you have. That's what you do when life is short.” —Paul Graham
16. "More is lost by indecision than wrong decision.” —Marcus Tullius Cicero
17. "If the highest aim of a captain were to preserve his ship, he would keep it in
port forever." —Thomas Aquinas
18. "You can be the ripest, juiciest peach in the world, and there's still going to be
somebody who hates peaches." —Dita Von Teese
19. “Keep a little fire burning; however small, however hidden.” ―Cormac
McCarthy
20. "Nothing in the world can take the place of Persistence. Talent will not;
nothing is more common than unsuccessful men with talent. Genius will not;
unrewarded genius is almost a proverb. Education will not; the world is full of
educated derelicts. The slogan 'Press On' has solved and always will solve the
problems of the human race." —Calvin Coolidge
21. “The only way of discovering the limits of the possible is to venture a little way
past them into the impossible.” ―Arthur C. Clarke
23. “Courage is the most important of all the virtues because without courage, you
can't practice any other virtue consistently.” ―Maya Angelou
24. "I never look back, darling. It distracts from the now." —Edna Mode
25. "A year from now you will wish you had started today." —Unknown
26. "The reason we struggle with insecurity is because we compare our behind-the-
scenes with everyone else’s highlight reel." —Steve Furtick
28. “Don’t worry about failure; you only have to be right once.” —Drew Houston
29. “You carry the passport to your own happiness.” —Diane von Furstenberg
30. “Never let success get to your head and never let failure get to your heart.” —
Drake
31. “The most difficult thing is the decision to act, the rest is merely tenacity.” —
Amelia Earhart
32. “I’d rather regret the things I’ve done than regret the things I haven’t done.” —
Lucille Ball
33. “I will not lose, for even in defeat, there’s a valuable lesson learned, so it evens
up for me.” —Jay-Z
34. “I do not try to dance better than anyone else. I only try to dance better than
myself.” —Arianna Huffington
35. “If you don’t risk anything, you risk even more.” —Erica Jong
36. “I think it’s intoxicating when somebody is so unapologetically who they are.”
—Don Cheadle
37. “You can never leave footprints that last if you are always walking on tiptoe.”
—Leymah Gbowee
38. “If you don’t like the road you’re walking, start paving another one.” —Dolly
Parton
39. “If it makes you nervous, you’re doing it right.” —Childish Gambino
40. “What you do makes a difference, and you have to decide what kind of
difference you want to make.” —Jane Goodall
41. “I choose to make the rest of my life the best of my life.” —Louise Hay
42. “In order to be irreplaceable one must always be different.” —Coco Chanel
43. “Anything can make me stop and look and wonder, and sometimes learn.” —
Kurt Vonnegut
46. “Doubt is a killer. You just have to know who you are and what you stand for.”
—Jennifer Lopez
47. “There are three ways to ultimate success: The first way is to be kind. The
second way is to be kind. The third way is to be kind.” —Mister Rogers
48 “No one changes the world who isn’t obsessed.” —Billie Jean King
49. “I learned a long time ago that there is something worse than missing the goal,
and that’s not pulling the trigger.” —Mia Hamm
50. “Some people want it to happen, some wish it would happen, others make it
happen.” —Michael Jordan
51. “It is remarkable how much long-term advantage people like us have gotten by
trying to be consistently not stupid, instead of trying to be very intelligent.” —
Charlie Munger
52. “You can’t be that kid standing at the top of the waterslide, overthinking it.
You have to go down the chute.” —Tina Fey
53. “When I believe in something, I’m like a dog with a bone.” —Melissa
McCarthy
54. “And the day came when the risk to remain tight in a bud was more painful
than the risk it took to blossom.” —Anaïs Nin
55. “The standard you walk past, is the standard you accept.” —David Hurley
56. “I've searched all the parks in all the cities and found no statues of
committees.” —Gilbert K. Chesterton
57. “Life can be much broader once you discover one simple fact: Everything
around you that you call life was made up by people that were no smarter than you.
And you can change it, you can influence it… Once you learn that, you'll never be
the same again.” —Steve Jobs
60. “Do not stop thinking of life as an adventure. You have no security unless you
can live bravely, excitingly, imaginatively; unless you can choose a challenge
instead of competence.” ―Eleanor Roosevelt
62. “Get a good idea and stay with it. Dog it, and work at it until it’s done right.”
—Walt Disney
63. “Optimism is the faith that leads to achievement. Nothing can be done without
hope and confidence.” —Helen Keller
64. “Life can be much broader once you discover one simple fact: Everything
around you that you call life was made up by people that were no smarter than you.
And you can change it, you can influence it… Once you learn that, you'll never be
the same again.” —Steve Jobs
65. “Life is like riding a bicycle. To keep your balance you must keep moving.” —
Albert Einstein
66. “What you do speaks so loudly that I cannot hear what you say.” —Ralph
Waldo Emerson
67. “I have never let my schooling interfere with my education.” —Mark Twain
68. “If you can't yet do great things, do small things in a great way.” ―Napoleon
Hill
69. “If you really want to do something, you'll find a way. If you don't, you'll find
an excuse.” ―Jim Rohn
70. “Take the attitude of a student, never be too big to ask questions, never know
too much to learn something new.” —Augustine Og Mandino
71. “Success is peace of mind, which is a direct result of self-satisfaction in
knowing you made the effort to become the best of which you are capable.” —
John Wooden
72. “Be sure you put your feet in the right place, then stand firm.” ―Abraham
Lincoln
73. “Live out of your imagination, not your history.” —Stephen Covey
74. “Do not wait for the perfect time and place to enter, for you are already
onstage.” —Unknown
75. “The greater the difficulty, the more the glory in surmounting it.” ―Epicurus
76. Courage doesn't always roar. Sometimes courage is a quiet voice at the end of
the day saying, "I will try again tomorrow." —Mary Anne Radmacher
77. “If the decisions you make about where you invest your blood, sweat, and tears
are not consistent with the person you aspire to be, you’ll never become that
person.” ―Clayton M. Christensen
78. ““Make sure your worst enemy doesn’t live between your own two ears.” —
Laird Hamilton
78. “It is a rough road that leads to the heights of greatness.” —Lucius Annaeus
Seneca
79. “For the great doesn’t happen through impulse alone, and is a succession of
little things that are brought together.” —Vincent van Gogh
80. “If we take care of the moments, the years will take care of themselves.” —
Maria Edgeworth
82. “Sometimes magic is just someone spending more time on something than
anyone else might reasonably expect.” —Raymond Joseph Teller
83. “It’s not the will to win that matters—everyone has that. It’s the will to prepare
to win that matters.” —Paul Bryant
83. “As a single footstep will not make a path on the earth, so a single thought will
not make a pathway in the mind. To make a deep physical path, we walk again and
again. To make a deep mental path, we must think over and over the kind of
thoughts we wish to dominate our lives.” —Henry David Thoreau
84. “Never give up on a dream just because of the time it will take to accomplish it.
The time will pass anyway.” —Earl Nightingale
85. “You’ll find that education is just about the only thing lying around loose in
this world, and it’s about the only thing a fellow can have as much of as he’s
willing to haul away.” —John Graham
86. “Experience is a hard teacher because she gives the test first, the lesson
afterwards.” ―Vernon Sanders Law
87. “I never dreamed about success. I worked for it.” —Estée Lauder
88. “To know how much there is to know is the beginning of learning to live.” —
Dorothy West
89. “Don't look at your feet to see if you are doing it right. Just dance.” ―Anne
Lamott
90. “Someone's sitting in the shade today because someone planted a tree a long
time ago.” —Warren Buffet
92. “Rivers know this: there is no hurry. We shall get there some day.” ―A.A.
Milne
94. “Success is getting what you want, happiness is wanting what you get.” ―W.
P. Kinsella
95. “Small is not just a stepping-stone. Small is a great destination itself.” ―Jason
Fried
96. “He that can have patience can have what he will.” ―Benjamin Franklin
97. “The only one who can tell you “you can’t win” is you and you don’t have to
listen.” —Jessica Ennis
98. "You cannot plow a field by turning it over in your mind. To begin, begin."
―Gordon B. Hinckley
99. “Set your goals high, and don’t stop till you get there.” —Bo Jackson
100. “Take your victories, whatever they may be, cherish them, use them, but don’t
settle for them.” —Mia Hamm
5. NEVER LET ONE FAILURE FROM THE PAST HOLD YOU BACK IN THE
FUTURE
“As a man was passing the elephants, he suddenly stopped, confused by the fact
that these huge creatures were being held by only a small rope tied to their front
leg. No chains, no cages. It was obvious that the elephants could, at anytime, break
away from their bonds but for some reason, they did not.
He saw a trainer nearby and asked why these animals just stood there and made no
attempt to get away. ‘Well,’ trainer said, ‘when they are very young and much
smaller we use the same size rope to tie them and, at that age, it’s enough to hold
them. As they grow up, they are conditioned to believe they cannot break away.
They believe the rope can still hold them, so they never try to break free.’
The man was amazed. These animals could at any time break free from their bonds
but because they believed they couldn’t, they were stuck right where they were.”
Basically, entrepreneurs are the pioneer of bringing new technologies and systems
that ultimately bring changes to society. These changes are associated
with improved lifestyle, generous thinking, better morale, and higher
economic choice. In this way, social changes gradually impact national and global
changes.
As labor is divided amongst workers, workers are able to focus on a few or even
one task. The more they focus on one task, the more efficient they become at this
task, which means that less time and less money is involved in producing a good.
Importance of Entrepreneurship:
S.n Achievements
o
1. 4ˣ100 m relay 1st prize
2. Jansons college quiz competition 3rd prize
3. 100 m sprint 2nd prize
4. Marathon 15 place
5. Best exhibit award
6. Best club award
7. Inter school throwball runners
Qs world ranking
History
A perceived need for an international ranking of universities for UK purposes was
highlighted in December 2003 in Richard Lambert's review of university-industry
collaboration in Britain[13] for HM Treasury, the finance ministry of the United
Kingdom. Amongst its recommendations were world university rankings, which
Lambert said would help the UK to gauge the global standing of its universities.
The idea for the rankings was credited in Ben Wildavsky's book, The Great Brain
Race: How Global Universities are Reshaping the World,[14] to then-editor
of THE, John O'Leary. THE chose to partner with educational and careers advice
company Quacquarelli Symonds (QS) to supply the data, appointing Martin Ince,
[15]
formerly deputy editor and later a contractor to THE, to manage the project.
Between 2004 and 2009, QS produced the rankings in partnership with THE. In
2009, THE announced they would produce their own rankings, the Times Higher
Education World University Rankings, in partnership with Thomson
Reuters. THE cited an asserted weakness in the methodology of the original
rankings,[16] as well as a perceived favoritism in the existing methodology for
science over the humanities,[17] as two of the key reasons for the decision to split
with QS.
QS retained intellectual property in the prior rankings and the methodology used to
compile them,[citation needed] and continues to produce rankings based on that
methodology, which are now called the QS World University Rankings.[18]
THE created a new methodology with Thomson Reuters, and published the first
Times Higher Education World University Rankings in September 2010.
Global rankings
Overall
Methodology[
QS publishes the rankings results in the world's media and has entered into
partnerships with a number of outlets, including The Guardian in the United
Kingdom, and Chosun Ilbo in Korea. The first rankings produced by QS
independently of THE, and using QS's consistent and original methodology, were
released on September 8, 2010, with the second appearing on September 6, 2011.
QS designed its rankings to assess performance according to what it believes to be
key aspects of a university's mission: teaching, research, nurturing employability,
and internationalisation.[20]
Academic peer review
This is the most controversial part of the methodology[weasel words][citation needed]. Using a
combination of purchased mailing lists and applications and suggestions, this
survey asks active academicians across the world about the top universities in their
specialist fields. QS has published the job titles and geographical distribution of the
participants.[21]
The 2017/18 rankings made use of responses from 75,015 people from over 140
nations for its academic reputation indicator, including votes from the previous
five years rolled forward provided no more recent information was available from
the same individual. Participants can nominate up to 30 universities, but are not
able to vote for their own. They tend to nominate a median of about 20, which
means that this survey includes over 500,000 data points. The average respondent
possesses 20.4 years of academic experience, while 81% of respondents have over
a decade of experience in the academic world.[22][21]
In 2004, when the rankings first appeared, academic peer review accounted for half
of a university's possible score. In 2005, its share was cut to 40% because of the
introduction of the Employer Reputation Survey.
Faculty student ratio
This indicator accounts for 20% of a university's possible score in the rankings. It
is a classic measure used in various ranking systems as a proxy for teaching
commitment, but QS has admitted that it is less than satisfactory.[23]
Citations per faculty
Citations of published research are among the most widely used inputs to national
and global university rankings. The QS World University Rankings used citations
data from Thomson (now Thomson Reuters) from 2004 to 2007, and since then has
used data from Scopus, part of Elsevier. The total number of citations for a five-
year period is divided by the number of academics in a university to yield the score
for this measure, which accounts for 20% of a university's possible score in the
rankings.
QS has explained that it uses this approach, rather than the citations per paper
preferred for other systems, because it reduces the effect of biomedical science on
the overall picture – biomedicine has a ferocious "publish or perish" culture.
Instead, QS attempts to measure the density of research-active staff at each
institution, but issues still remain about the use of citations in ranking systems,
especially the fact that the arts and humanities generate comparatively few
citations.[24]
However, since 2015, QS has made methodological enhancements designed to
remove the advantage institutions specializing in the Natural Sciences or Medicine
previously received. This enhancement is termed faculty area normalization, and
ensures that an institution's citations count in each of QS's five key Faculty Areas
is weighted to account for 20% of the final citations score.[25]
QS has conceded the presence of some data-collection errors regarding citations
per faculty in previous years' rankings.[26]
One interesting issue is the difference between the Scopus and Thomson Reuters
databases. For major world universities, the two systems capture more or less the
same publications and citations. For less mainstream institutions, Scopus has more
non-English language and smaller-circulation journals in its database. As the
papers there are less heavily cited, though, this can also mean fewer citations per
paper for the universities that publish in them.[24] This area has been criticized for
undermining universities that do not use English as their primary language.
[27]
Citations and publications in a language different from English are harder to
access. The English language is the most internationalized language, so is also the
most popular when citing.
Employer review
This part of the ranking is obtained by a similar method to the Academic Peer
Review, except that it samples recruiters who hire graduates on a global or
significant national scale. The numbers are smaller – 40,455 responses from over
130 countries in the 2016 rankings – and are used to produce 10% of any
university's possible score. This survey was introduced in 2005 in the belief that
employers track graduate quality, making this a barometer of teaching quality, a
famously problematic factor to measure. University standing here is of special
interest to potential students, and acknowledging this was the impetus behind the
inaugural QS Graduate Employability Rankings, published in November 2015.[28]
[29]
International orientation
The final 10% of a university's possible score is derived from measures intended to
capture their internationalism: half from their percentage of international students,
and the other half from their percentage of international staff. This is of interest
partly because it shows whether a university is putting effort into being global, but
also because it indicates whether it is taken seriously enough by students and
academics around the world for them to want to be there.[30]
Reception[
In September 2015, The Guardian referred to the QS World University Rankings
as "the most authoritative of their kind".[31][32] In 2016, Ben Sowter, Head of
Research at the QS Intelligence Unit, was ranked in 40th position in Wonkhe's
2016 'Higher Education Power List'. The list enumerated what the organisation
believed to be the 50 most influential figures in UK higher education.[33]
Several universities in the UK and the Asia-Pacific region have commented on the
rankings positively. Vice-chancellor of New Zealand's Massey University,
Professor Judith Kinnear, says that the THE-QS ranking is a "wonderful external
acknowledgement of several university attributes, including the quality of its
research, research training, teaching, and employability." She said the rankings are
a true measure of a university's ability to fly high internationally: "The Times
Higher Education ranking provides a rather more and more sophisticated, robust,
and well rounded measure of international and national ranking than either New
Zealand's Performance Based Research Fund (PBRF) measure or the Shanghai
rankings."[34] In September 2012, British newspaper The Independent described the
QS World University Rankings as being "widely recognised throughout higher
education as the most trusted international tables".[35]
Angel Calderon, Principal Advisor for Planning and Research at RMIT
University and member of the QS Advisory Board, spoke positively of the QS
University Rankings for Latin America, saying that the "QS Latin American
University Rankings has [sic] become the annual international benchmark
universities use to ascertain their relative standing in the region". He further stated
that the 2016/17 edition of this ranking demonstrated improved stability.[36]
Criticisms[
Certain commentators have expressed concern about the use or misuse of survey
data.[citation needed] However, QS's Intelligence Unit, responsible for compiling the
rankings, state that the extent of the sample size used for their surveys means that
they are now "almost impossible to manipulate and very difficult for institutions to
‘game’". They also state that "over 62,000 academic respondents contributed to our
2013 academic results, four times more than in 2010. Independent academic
reviews have confirmed these results to be more than 99% reliable". Furthermore,
since 2013, the number of respondents to QS's Academic Reputation Survey has
increased again. Their survey now makes use of nearly 75,000 academic peer
reviews, making it "to date, the world’s largest aggregation of feeling in this [the
global academic] community."[37][38][39]
The QS World University Rankings have been criticised by many for placing too
much emphasis on peer review, which receives 40% of the overall score. Some
people have expressed concern about the manner in which the peer review has
been carried out.[40] In a report,[41] Peter Wills from the University of
Auckland wrote of the THE-QS World University Rankings:
But we note also that this survey establishes its rankings by appealing to university
staff, even offering financial enticements to participate (see Appendix II). Staff are
likely to feel it is in their greatest interest to rank their own institution more highly
than others. This means the results of the survey and any apparent change in
ranking are highly questionable, and that a high ranking has no real intrinsic value
in any case. We are vehemently opposed to the evaluation of the University
according to the outcome of such PR competitions.
However, QS state that no survey participant, academic or employer, is offered a
financial incentive to respond, while no academics are able to vote for their own
institutions.[citation needed] This renders this particular criticism invalid, as it is based on
two incorrect premises: (1) that academics are currently financially incentivized to
participate, and (2) that conflicts of interests are created by academics being able to
vote for their own institutions.
Academicians previously criticized of the use of the citation database, arguing that
it undervalues institutions that excel in the social sciences. Ian Diamond, former
chief executive of the Economic and Social Research Council and now vice-
chancellor of the University of Aberdeen and a member of the THE editorial
board, wrote to Times Higher Education in 2007, saying:[42]
The use of a citation database must have an impact because such databases do not
have as wide a cover of the social sciences (or arts and humanities) as the natural
sciences. Hence the low position of the London School of Economics, caused
primarily by its citations score, is a result not of the output of an outstanding
institution but the database and the fact that the LSE does not have the
counterweight of a large natural science base.
However, in 2015, QS's introduction of faculty area normalization ensured that
QS's rankings no longer conferred an undue advantage or disadvantage upon any
institution based on their particular subject specialisms. Correspondingly, the
London School of Economics rose from 71st in 2014 to 35th in 2015 and 37th in
2016.[43]
Since the split from Times Higher Education in 2009, further concerns about the
methodology QS uses for its rankings have been brought up by several experts.
In October 2010, criticism of the old system came from Fred L. Bookstein, Horst
Seidler, Martin Fieder, and Georg Winckler in the journal Scientomentrics for the
unreliability of QS's methods:
Several individual indicators from the Times Higher Education Survey (THES)
data base—the overall score, the reported staff-to-student ratio, and the peer ratings
—demonstrate unacceptably high fluctuation from year to year. The
inappropriateness of the summary tabulations for assessing the majority of the "top
200" universities would be apparent purely for reason of this obvious statistical
instability regardless of other grounds of criticism. There are far too many
anomalies in the change scores of the various indices for them to be of use in the
course of university management.[7]
In an article for the New Statesman entitled "The QS World University Rankings
are a load of old baloney", David Blanchflower, a leading labour economist, said:
"This ranking is complete rubbish and nobody should place any credence in it. The
results are based on an entirely flawed methodology that underweights the quality
of research and overweights fluff... The QS is a flawed index and should be
ignored."[44]
However, Martin Ince,[15] chair of the Advisory Board for the Rankings, points out
that their volatility has been reduced since 2007 by the introduction of the Z-score
calculation method and that over time, the quality of QS's data gathering has
improved to reduce anomalies. In addition, the academic and employer review are
now so big that even modestly ranked universities receive a statistically valid
number of votes. QS has published extensive data[45] on who the respondents are,
where they are, and the subjects and industries to which the academicians and
employers respectively belong.
The QS Subject Rankings have been dismissed as unreliable by Brian Leiter, who
points out that programmes that are known to be high quality, and which rank
highly in the Blackwell rankings (e.g., the University of Pittsburgh) fare poorly in
the QS ranking for reasons that are not at all clear.[46]
In an article titled The Globalisation of College and University Rankings and
appearing in the January/February 2012 issue of Change, Philip Altbach, professor
of higher education at Boston College and also a member of the THE editorial
board, said: "The QS World University Rankings are the most problematical. From
the beginning, the QS has relied on reputational indicators for half of its analysis
… it probably accounts for the significant variability in the QS rankings over the
years. In addition, QS queries employers, introducing even more variability and
unreliability into the mix. Whether the QS rankings should be taken seriously by
the higher education community is questionable."[47]
Simon Marginson, professor of higher education at the University of
Melbourne and a member of the THE editorial board, in the article "Improving
Latin American universities' global ranking" for University World News on 10
June 2012, said: "I will not discuss the QS ranking because the methodology is not
sufficiently robust to provide data valid as social science".[48] QS's Intelligence Unit
counter these criticisms by stating that "Independent academic reviews have
confirmed these results to be more than 99% reliable".[38]
In 2021, research published by the Center for Studies in Higher Education at
the University of California, Berkeley raised the possibility that institutions that
employ QS's consulting services are rewarded with improved rankings. QS denied
the possibility and stated that it had firm policies and practices to minimize
potential conflicts of interest.[49]
Young universities[
QS also releases the QS Top 50 under 50 Ranking annually to rank universities
which have been established for under 50 years. These institutions are judged
based on their positions on the overall table of the previous year.[50] From 2015,
QS's "'Top 50 Under 50" ranking was expanded to include the world's top 100
institutions under 50 years of age, while in 2017 it was again expanded to include
the world's top 150 universities in this cohort. In 2020, the table was topped
by Nanyang Technological University of Singapore for the seventh consecutive
year. The table is dominated by universities from the Asia-Pacific region, with the
top four places taken by Asian institutions.[51]
Faculties and subjects[
QS also ranks universities by academic discipline organized into 5 faculties,
namely Arts & Humanities, Engineering & Technology, Life Sciences &
Medicine, Natural Sciences and Social Sciences & Management. The methodology
is based on surveying expert academics and global employers, and measuring
research performance using data sourced from Elsevier's Scopus database. In
the 2018 QS World University Rankings by Subject the world's best universities for
the study of 48 different subjects are named. The two new subject tables added in
the most recent edition are: Classics & Ancient History and Library & Information
Management.
The world's leading institution in 2020's portfolio in terms of most world-leading
positions is Massachusetts Institute of Technology, which is number one for 12
subjects. Its longtime rankings rival, Harvard University, is number one for eleven
subjects.[52]
Mechanical,
English
Aeronautical & Development
Language & Medicine Geology
Manufacturing Studies
Literature
Engineering
Mineral &
Economics &
History Mining Nursing Geophysics
Econometrics
Engineering
Hospitality &
Modern
Psychology Mathematics Leisure
Languages
Management
Library &
Philosophy Information
Management
Theology,
Politics &
Divinity &
International
Religious
Studies
Studies
Sociology
Sports-related
Subjects
Statistics &
Operational
Research
Events[
QS Quacquarelli Symonds organizes a range of international student recruitment
events throughout the year. These are generally oriented towards introducing
prospective students to university admissions staff, while also facilitating access to
admissions advice and scholarships. In 2019, over 360 events were hosted,
attended by 265,000 candidates, in 100 cities across 50 countries. Separated into
‘tours’, QS’ event offerings typically comprise a series of university and business
school fairs.
World MBA Tour[
The QS World MBA Tour is the world's largest series of international business
school fairs, attended by more than 60,000 candidates in 100 cities across 50
countries.
World MBA Tour Premium
QS World MBA Premium also focuses on MBA student recruitment, but invites
only business schools ranked in the top 200 internationally, according to the QS
World University Rankings. The event aims to provide a more holistic overview of
an MBA degree, with enhanced focus on pre- and post-study processes and
insights.
World Grad School Tour
The QS World Grad School Tour focuses on international postgraduate programs,
particularly specialised master's degrees and PhDs in FAME (Finance, Accounting,
Management and Economics) and STEM disciplines.
World University Tour
The QS World University Tour has an emphasis on undergraduate student
recruitment, inviting undergraduate programs only.
Qs world ranking 2023
1.
University of Cambridge
Cambridge, United Kingdom
98.8
3.
Stanford University
Stanford, United States
98.5
4
University of Oxford
Oxford, United Kingdom
98.4
5.
Harvard University
Cambridge, United States
97.6
6.
California Institute of Technology (Caltech)
Pasadena, United States
97
7.
UCL
London, United Kingdom
95
9.
ETH Zurich
Zürich, Switzerland
93.6
10.
University of Chicago
Chicago, United States
93.2
- K.PRANIT