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TO – Ms. Neha BY – Mahima Sharma 50081 Priansha Periwal 50116 BBS 3 HR
CULTURAL DIVERSITY AMONG
Regardless of who you are or what you have been, you can be what you want toyou be.have – W.been, Clement Stone Regardless of who you are or what you can be what you want
to be. – W. Clement Stone
We owe a great many thanks to a great many people who helped and supported us during the project. The project ―CULTURAL DIVERSITY AMONG ENTREPRENEURS‖ focuses on understanding the diversity that exists among the newly emerged breed of entrepreneurs.We made an effort to understand how people from completely different backgrounds and ways of life, but with a common drive to prove their mettle, end up being their own masters. Our deepest thanks to our college professor, Ms. Neha , who acted as a constant guide and mentor in the process of drafting of this project. We would also like to acknowledge the support and enthusiasm shown by our batch mates. We would also extend a heartfelt thanks to our family and well wishers without whom this project would have been a distant dream.
Group membersMahima Sharma 50081 Priansha Periwal 50116
TABLE OF CONTENTS
OBJECTIVES INTRODUCTION YOUNG ENTREPRENEURS King Sidharth Farhad Acidwalla WOMEN ENTREPRENEURS Kiran Mazumdar Shaw Ekta Kapoor MINORITY ENTREPRENEURS Oprah Winfrey SOCIAL ENTREPRENEURS Verghese Kurein Mohammad Yunus GREEN ENTREPRENEURS Pramod Chaudhari COLLEGE DROPOUTS Subhash chandra goel Azim premji CONCLUSION BIBLIOGRAPHY
To examine the cases of various entrepreneurs belonging to the same genre and analysing the similarities and differences that they shared.OBJECTIVES To study the cultural diversity existing among entrepreneurs and to analyse how people from completely diverse backgrounds can share a zeal to be their own bosses. . To individually analyze the journey of each entrepreneur to understand his/her idea and creativity at work and how he/she fought against the odds.
opportunities and assuming. It is the process of planning.INTRODUCTION If it really was a no-brainer to make it on your own in business there'd be millions of no-brained. organizing. Entrepreneurship is thus. Nobody would be left to round out the workforce and execute the business plan. Thus it is a risk of business enterprise. It is a creative and innovative skill and adapting response to environment. entrepreneurs can make decisions quickly and change direction in response to a new opportunity or threat. In general. It may be distinguished as an ability to take risk independently to make utmost earnings in the market. and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Agility and the ability to respond quickly to change are seen by many as the key advantages that entrepreneurial businesses have over their more traditional multinational competitors. Entrepreneurship is all about the pursuit of opportunity without regard to resources currently controlled. harebrained. . the process of exploring the opportunities in the market place and arranging resources required to exploit these opportunities for long term gain.
Such entrepreneurs are catalysts for cultural innovation through their enterprises. immigrant. Some ethnic minority groups have high rates of participation in entrepreneurship. The diverse mix of people who make up the rich fabric of entrepreneurship include young. corporate drop-outs. despite operating in inner city environments that might have limited resources and markets. Culturally diverse entrepreneurship creates cultural value and economic wealth.Cultural Diversity Among Entrepreneurs Virtually anyone can become an entrepreneur. however. they have a greater importance in entrepreneurial activity than their relative importance by population might indicate. women. diversity is the hallmark for entrepreneurship. self-determination and cultural diversity in communities across the globe. . social. green entrepreneurs and many more. Infact. The demographic importance of ethnic minorities tells. There have been differences in opinion about their contribution. minority.
” – Emil Motycka THE TREND Increasingly. The traditional rejection of entrepreneurship can be blamed on a ―lack of discipline and a fear of failure.It would help if people realise entrepreneurship isn‘t a ‗cool‘ tag to flaunt. the more time you have to mess up. one that will pay the bills on time. Still in their teens and fresh to face the world. puts it ―There are more start-ups today than ever before. Whether it be in Russia or India.‖ Whether it is because of the influx of information or the ease of reaching out to the global village. the trend towards young entrepreneurship is on a significant increase. today. without sitting back expecting solutions to emerge out of thin air. which looks to spread the joy of reading to school children around the city. It has a direct impact on whether people will start up or not. these people are all set to provide answers to problems they believe exist.Yet. not tomorrow. Our traditional understandings of success and well-being have always been undeniably linked with finding a ―stable‖ job.‖A main factor in encouraging entrepreneurship is how one‘s culture accepts failure and risk taking. We live in exciting times. it would be that scalability makes all the difference between an entrepreneur and a small business owner. entrepreneurs seem to be the emerging trend in youth employment and for good reason. youngsters from around the world can choose to be their own boss and dig for their own answers. Economic backgrounds are also at play and gender bias exists but women are equally aware and are tapping the opportunities that come their way. As Naresh Ram of ‗Book Lovers‘ Program for Schools‘. The earlier you start. If anything. While Julia claims it is a way to see the world. Naresh believes success follows only if you give it everything.It is a question of finding solutions to a problem that moves you enough.‖ If there was one mindset change that should happen. who will? . the one thing that young entrepreneurs from around the world seem to agree upon is that entrepreneurship is a way of life. As more and more people embrace the opportunity of creating their own payrolls. youngsters are accepting the possibility that being on a payroll is not the only way to go. Don‘t start-up until you are ready to face the challenges. you should have started yesterday.‖ CULTURAL ACCEPTANCE Entrepreneurship as a viable career option is definitely a new trend in India. If we cannot answer our own problems.YOUNG ENTREPRENEURS “Start today.
and more from world-wide experts. Sidharth‘s first business was a big success. mother of mine? What do you think. Q: WHAT IS THE SINGLE MOST IMPORTANT REASON FOR YOUR SUCCESS? A: I keep everybody out of the equation and follow my own inner calling. then award little prizes to whoever won. and he‘s organizing a conference for teenagers called Createens. He‘s also developing a movie that peeks into the lives of ten young entrepreneurs (―Friendz: The Movie‖). but – like many young entrepreneurs – he‘s never content working on just one thing. King is organizing a conference for teenagers called Createens. even more pointing East. Seven years later. ―What do you think. His primary work is in website development and design (see websites like MeditationRocks. and more from world-wide experts. rad dude. Your point of view is unique in the world. A lot of people get caught up asking. It will give young people an opportunity to learn about entrepreneurship. Where are you going to go? Go with yourself. 18 THE OUTLAW ENTREPRENEUR King is a speaker. In an area where there wasn‘t much else to do. author. magazine publisher.KING SIDHARTH. King Sidharth has just graduated from high school and he has already made a name for himself as one of India‘s top young entrepreneurs. Lastly. In his own words…. It will give young people an opportunity to learn about entrepreneurship. King Sidharth and a few friends began organizing events and competitions for other children.As an 11-year-old growing up in a backward sector Northern India. THE START . father of mine?‖ But there are a thousand different people and you‘re going to get a thousand different responses: somebody pointing you South. ten people pointing you North.us). . blogging. King is also a speaker on topics of entrepreneurship and spirituality. blogging. They would make tickets and charge an entry fee. He‘s currently writing an emagazine for teens (Friendz) and a book about the intersection of spirituality and science (Bhagvad Gita & the Law of Attraction).
Yahoo keeps on listening to people. If you do that. I ask them. If you are writing a blog post. whatever project you‘re working on. Then later. You can‘t. ―I‘m here. it will keep on changing. They are street-smart people. They can sell you your own shoes in two minutes. But they didn‘t do any research and they didn‘t fine-tune their product. I want to make it a platform for teenagers to know that there is nothing better than following their own passion. The secret is to keep on changing. It‘s not for you. They know how to sell. That‘s the reason I started Friendz in the first place. Come to India. You‘re not going to find the real entrepreneurs in universities or online courses. you will realize that a blog post is never perfect. Q: ANYTHING ELSE YOU WOULD LIKE TO ADD? A: When you start out. Every other company in India was doing just that. For years. and be happy.When you‘re done with your vision. They never ask you how their home page should look like. Google is the best company in the world. All you have to figure out to begin with is what you want to do and just get started with it. Trust in that. you will realize that design is never complete. I saw talented people wasting their time with work and trying to score marks in exams when they could do so much more. If you‘re a designer. The more you improve. You can be happy now and then you can do anything you want. good money. But. The best scooter in India was Bajaj LML. They do it themselves. I better get in the rat race that everyone has tried and tested. But even after asking people. You can‘t sit on a breakfast table one morning and write out your life plan. the secret to a bigger business is not finding the perfect plan and sticking to it. your business is going to be dead. Entrepreneurship is never about playing it safe. LML has vanished from the market. Google doesn‘t give a darn. You have to strike a balance. Either you will find them as drop-outs or you will find them in the places least expected. then you might ask for advice on minor things. The rest will come. it is still evolving and it always will be evolving. These two are different perspectives of solving the same problem: finding content on the internet. follow what you think out of it. realize that you don‘t have to figure everything out about it in the first place.‖ How many students in your own class are really interested in enterprising? Are 90% of them just there for the degree? They want to get a good job so that they can get a good life. Creation is never complete. keep on fine-tuning. not what they think. that was the only scooter you could get. they might ask you how they could improve it. Life is about . then it has every means to fulfill it. The magazine is a place where teenagers can be themselves. I’m going to reinvent the wheel. you don‘t have to figure out all of the answers before you get started. If this universe inspired an idea in you. If you want to play it safe. please close this book and go to sleep. Life is never about playing it safe. Keep on finetuning. ―Why don‘t you be happy in the first place?‖ Then you don‘t need the degree and you don‘t need the job. So. The majority of India thinks. Q: WHY DO YOU CALL YOURSELF AN OUTLAW IN INDIA? A: I consider myself an outlaw because I refuse to follow a given pattern. the faster you grow. Life is not for you. Today. Take Google and Yahoo. As you move on with your life. My vision of the wheel is unique. So. They never ask you anything – and that is really behind their success. I better play this safe because this is the only life I‘ve got. Go to the streets.
Q: WHAT IS THE SINGLE MOST IMPORTANT REASON FOR YOUR SUCCESS? . and branding. Farrhad is planning to continue running Rockstah Media.” FARRHAD ACIDWALLA. As the CEO and founder. Be yourself. reading. In his free time. Farrhad has launched Rockstah Media. ―What makes you so passionate about your blog. Since. Each took his achievement to another level and the appreciations left him humble. Just two weeks ago. marketing. College of Commerce & Economics.When Farrhad Acidwalla was in the eighth grade. playing Playstation. Farrhad enjoys hanging out with friends. watching movies. nothing else will do. advertisement. a cutting-edge company devoted to web development. advertisement. In his own words…. KING SIDHARTH’S QUOTE “It was just one year ago that I realized that what I was doing was entrepreneurship. a cutting-edge company devoted to web development.playing it fun. or your business?‖ It‘s because they love changing it and they love how it all comes to form. This motivated him to offer his work under the name of his company. It is just over a year old but it has clients and a full fledged team of developers. THE START . The website took off and eventually Farrhad decided to move on. He began building a web community devoted to aviation and aeromodeling. 16 TOP YOUNG INDIAN ENTREPRENEUR Farrhad has launched Rockstah Media. At 16. while studying finance at India‘s prestigious H. selling the site for far. and playing the guitar. Many similar ventures followed. designers and market strategists spread across the globe. I learned how to spell it [laughs]. far more than his initial $10 investment. That’s behind every entrepreneur.R. and branding. your product. Farrhad is responsible for taking care of the clients and guiding the creative team to success. If you go and ask. It is just over a year old but it has clients and a full fledged team of developers. marketing. designers and market strategists spread across the globe. he borrowed $10 from his parents to buy his first domain name.
Business is something that’s never certain. I think a few de grees to your credit sure feels good. But. There are miles to go. I love to conceptualize and illustrate and the teams effort in creating awesomeness means a lot. I would say one thing: even if you get success early. If you learn and make efforts to manage your time properly and if you have a proper business set up. College takes a lot of time. I feel that education can never harm you and one can put it to use in more ways than one.A: I’ve never sat on an idea.” . I put my vision to test. That first step is the most important thing. There are lots of things to do in life. Construct your own success with total confidence. Once you take the leap. WHY? A: Education never goes to waste. Yes I get inspired by those who had the vision and the guts to give it a shape. Look straight at the path you have paved. I love to read success stories as they teach you that failing is a part of the process and one must not deter. But one thing that I learned from my mom is to never try to copy anyone. But while formal education will make you a living. If I get something. You shouldn‘t lose focus and get intoxicated with success. YET YOU’VE DECIDED TO STAY IN COLLEGE. a journey of a thousand miles starts with one step. I know I can put the things I learn in college to use in my business. I know there is a view that structured learning is not needed. it shouldn’t intoxicate you. it‘s going to help you analyze challenges and deal with them. There are many in the field and each have their own way and strategies. self education will make you a fortune. Business is all about taking the leap. the larger the need to pave your path with skill and confidence. You need to diversify and be innovative all the time. but I have my like minded team who can make up for me at any given moment. Think of your own thing and move forward with that. Plus. But. unconditional support and that‘s what I appreciate the most. Q: ANYTHING ELSE YOU WOULD LIKE TO ADD? A: For young entrepreneurs. if you have your education in place. Never look left or right. FARRHAD ACIDWALLA’S TOP QUOTE “Failures are the stepping stones to success. I definitely haven‘t done all of this on my own. It‘s not just about making money. I act on it. Follow your vision and have your ethics in place. If you want to really learn something and make something of yourself. We learn from glory and from our own failures too. My team has always supported me and my parents have always given me solid. there’s always a risk. your business can thrive while you‘re in college. The larger the vision. self education is crucial. then you can think about what‘s going to happen next. Q: YOU HAVE A SUCCESSFUL AND GROWING COMPANY.
It appears that much of the push behind the increase in women-owned businesses is the desire for independence—in large numbers. and telecommuting have reshaped the marketplace. Within her is the power to create. corporate downsizing.entrepreneurship has become a very viable option for women. they will exert greater influences on the financial. One out of eleven women owns her own business and is responsible for employing one out of seven workers. three quarters of women-owned businesses are those wherein women own a majority share. nurture and transform. Thus. many women have been able to channel their drive for success into starting and running their own businesses. Women-owned businesses employ 13 million workers. The ideas generated by this dynamic force translate into innovations in the marketplace that benefit both other businesses and individual consumers. The ―Push‖ Behind the Numbers What‘s driving these significant numbers? Women have made remarkable progress in the workplace. As the figures indicate. social. and each year. but they still face a variety of obstacles in terms of opportunities for career advancement.WOMEN ENTREPRENEURS “A woman is the full circle. The ―Pull‖ Exerted by This Trend Women entrepreneurs are bringing a fresh perspective to the business world. additional statistics from the Center for Women‘s Business Research reveal impressive gains for women in the marketplace: An estimated 10.” ~Diane Mariechild The business landscape is always changing—technological advances. restructuring. women-owned businesses generate $1.‖ As women gain more economic power through the success of their own business ventures.1 million companies are owned by women. we are a society in which ―money talks. According to the Center for Women‘s Business Research (2011). women have chosen entrepreneurism as their route to financial freedom. .9 trillion in sales. perhaps the most notable trend has been the rapid growth in the number of women-owned businesses. which creates a new generation of inspirational role models. and political institutions that will shape the future for all of us. Although these improvements have a great impact on our working environment. In fact. In many ways.
Model Employer . her achievements are unparalleled. Leading Exporter . Under Kiran‘s stewardship Biocon transformed from an industrial enzyme company to an integrated biopharmaceutical company with strategic research initiatives. it is because of her determination.10000. Kiran Mzaumdar Shaw is the Chairman & Managing Director of Biocon Ltd. she also established two subsidiaries: Syngene (1994) to provide development support services for discovery research. Technology Pioneer . Later. 1953 in Bangalore. . If today she is one of the most successful entrepreneurs in the world. etc. Today. She was recently named among Time magazine's 100 most influential people in the world. Biocon came up with an IPO and the issue was over-subscribed by over 30 times. Ernst & Young‘s Entrepreneur of the Year Award for Life Sciences & Healthcare. Biocon‘s initial operation was to extract an enzyme from papaya.s richest woman. self confidence and courage.KIRAN MAZUMDAR SHAW The story of Kiran Mazumdar-Shaw is one of grit. in Zoology from Bangalore University in 1973. Australia and qualified as a master brewer. In 2004. She is also on the Forbes list of the world's 100 most powerful women. She had her schooling at Bishop Cotton Girls School and Mount Carmel College at Bangalore. she became India. Kiran Mazumdar Shaw founded Biocon India in collaboration with Biocon Chemicals Limited. Kiran Mazumdar Shaw started her professional career as a trainee brewer in Carlton & United Beverages in 1974. Kiran held close to 40% of the stock of the company and was regarded as India‘s richest woman with an estimated worth of Rs. Today Biocon is recognized as India‘s pioneering biotech enterprise. She initially faced many problems regarding funds for her business. Best Woman Entrepreneur . In the same year.2100 crores. she went to Ballarat University in Melbourne. After completing her B. She has been awarded the Padma Shri in 1989 and the Padma Bhushan in 2005 by the Government of India. She started Biocon in 1978 to manufacture enzymes because she didn't get a job as a brewer after getting herself trained in Australia. Post IPO . Banks were hesitant to give loan to her as biotechnology was a totally new field at that pouint of time and she was a woman entrepreneur. she joined as a Trianee Manager with Biocon Biochemicals Limited in Ireland. with a capital of Rs. In 1978. She was born on March 23. Outstanding Citizen . That was the time nobody was even talking about biotechnology. Kiran Mazumdar Shaw is a recipient of several prestigious awards. Government of India also felicitated her with Padmashri(1989) and Padma Bhushan (2005). Inida‘s biggest Biotechnology company. In 2004. The Financial Times listed her in the top 50 women in the world. and Clinigene (2000) to cater to clinical development services. Thse include ET Businesswoman of the Year .Sc. which was a rare phenomenon.
For me. I had actually wanted to take up a career and a job. you were like a visionary. but when you started nobody was even talking about it. It was about running an R&D based business. it was that way.I think when you look at how it started and how the organisation is today. investors are very sceptical about what Biocon can do. I don't know whether I can call myself a visionary. you don't know how big it can grow.both from the investor community and from the government itself.. I didn't know what was in store because I had nothing to benchmark myself against.As I stared building the company.Once you start succeeding. Even today. you start dreaming big. When I didn't get a job (as a brewer). So.I was excited about that as a scientist.This dream was because of a rebound. Have you at any point in your journey of 33 years. With big dreams? Yes. I was quite happy to run a business that is equivalent to a job.Every time we say innovation. 'let me start a new sector based on biotech and R&D and see how big I can make this business'. as a small dream. What was the small dream you had? My small dream when I started was about starting a biotech company which was a pioneering concept. Initially you never think about the big dream. This is something one never imagined possible. Pioneering companies always try out new things and experiment with new concepts and new things. they take it with a pinch of salt. How was it for you when you decided to focus on R&D? I have read that investors were not willing to back you. your dreams are very small. I only had a small dream. It is like. looked back on the day you started Biocon in a rented garage with a capital of Rs 10. every entrepreneur wants to succeed and has a big dream. Today. They would rather we only imitate. I also started dreaming bigger and bigger. when you start off. I would say my dream also grew big like the company. It is only then one gets the perspective of how big the organisation is today. you feel wonderful. You just want to survive and make sure that your business stays afloat.In her own words…. That is the way it started off.000? It is always nice to reflect on how one started. Nobody even understood what biotechnology was 33 years ago. So. When you are a pioneer.Basically there is a lot of scepticism in this country -.It is a very nostalgic feeling because it makes you realise that there are such enormous possibilities to get started. That is what the journey has been about. They have a lot of confidence in our imitative generics and bio-similar strategy. .. biotechnology is the one of the most happening fields. They don't want to invest in research as they see it as a risky area. about entrepreneurs taking small steps. I was excited about the whole concept of biotechnology.
Once you ask ―Why not?‖.I had the challenges as a pioneer and I never looked at the challenges as a woman entrepreneur. What would be your advice to young entrepreneurs? First and foremost.There are lots of executives but not many taking leadership roles. Entrepreneurship is the only job multiplier. How does Biocon Chief Kiran Mazumdar Shaw define her entrepreneurial journey? ―It is a journey from failure to failure.Most women feel that they have limitations and they are not cut out to hold such large businesses. Ideating is only the starting point.‖ On challenging status quo: ―Never accept that what worked before will work again. I don't think anyone today sees me as a woman entrepreneur. who is heading a manufacturing entity. That is why I feel excited to see women like Mallika Srinivasan (CEO of Tractors and Farm Equipment).‖ said Kiran. Why do you think there are not many successful woman entrepreneurs? We see many women entrepreneurs today when it comes to small businesses. because these are people who believe they can transform. I never looked at myself as a woman entrepreneur because I was always painted as a very different breed of entrepreneur. In an inspiring talk. Yes. which offers us huge opportunities to innovate. I was a woman entrepreneur and a biotech pioneer. I want to tell them that there are no short-cuts to success. risk taking is an act of intelligence and not bravado. Kiran shared her thoughts on some of the key aspects of entrepreneurship. you will discover powerful answers. It is heartening to see so many new ideas.As a woman entrepreneur.In India. That is a good sign. we need to see more entrepreneurs handling big businesses.‖ . That has to change. there are so many opportunities for young people to start businesses. I was unique in many ways. However. and succeeding in the end.‖ On her experience: ―Biotech is choked with regulations. you want to find that one drug that can cure fatal cancers. how has it been for you? Basically. But where we do not see many success stories is in large businesses. It is heartening to see family businesses are encouraging their daughters which was not so in the past. I have been treated very differently.‖ On Innovation: ―Innovation is meaningful only if can be translated to commercial use. After succeeding. So as a pioneer. It is important to learn how to manage these risks and mitigate these risks. and any new drug development comes with huge risks and high failure rates. On Risk-taking: ―Entrepreneurs are inherent risk-takers. I encourage young entrepreneurs because I feel India can grow only through entrepreneurship. Innovation is not about ideating. India has huge challenges. Always think of how you can make it better. I am in a very different field. But you don‘t give up because you want new answers. I think it stems from lack of self confidence.
intense form. but was reportedly unsuccessful. few can challenge the truth in her title. with over 15. with three more scheduled for release in the same year. Viewers were introduced to the soap opera in its most dramatic. and under the advice and financial backing of her father. she also has 11 films under her belt as of 2011. it seemed – with other ―Kserials‖: Kalash(2001). Jeetendra.EKTA KAPOOR Ekta Kapoor has long held the title of the Queen of the Indian Television Industry. . Balaji Telefilms. andItihaas (1997-99). The K-phase: THE RISE . but none that left a major impact. Padosan (1998). It was only around the year 2000. Kabhii Sautan Kabhii Sahelii (2002). the ad/featurefilmmaker. How did she so successful as a woman entrepreneur and reach where she is today? A Modest Start For A Superstar’s Daughter Born in 1975 to Bollywood superstar. to astounding results. Captain House (1998). with picture quality previously unknown in the grainy realm of Doordarshan and other networks of the 90s. a comedy about five sisters. in 1994.000 hours of television content on the airwaves since the inception of Balaji Telefilms. Ekta Kapoor started off in the industry early. and their hapless father. Kaahin Kissii Roz (2001). Following her bachelor‘s degree in Commerce. While her soaps have been known to be over-the-top and indigestible at many points over the past two decades.The early noughties of the new century saw the rise of shows that have left deep and lasting impacts on the Indian psyche. Dhun Dhamaka (1996). Kyunki Saas Bhi Kabhi Bahu Thi and Kahaani Ghar Ghar Kii. have arguably been the most popular. that Ekta managed to catch and ride the wave of satellite television revolution in India. Kanyadaan (1999) was moderately popular. was a relative success. but in 1995. Hum Paanch. Kkusum (2001). and a host of others. At the age of 17. Ekta started up her production house. a vaguely nagging mother. Her first six pilots and three filmed ventures were sadly failures. Balaji Telefilms’ success skyrocketed – within just months. The company plodded along through the 90s with such moderately well-faring television shows as Mano Ya Na Mano (1995). The Entrepreneur Over 80 distinct television programmes have been churned out of her production house across six different languages. and his wife Shobha. both launched in 2000. she tried to enter the ranks of Kailash Surendranath.
which by this time was felt by the public at large overstretched and hard to digest. Ekta Kapoor. The film grossed about 7 crore and garnered a lot of critical praise.By 2008. and Telugu sectors as well. 66. Kyunki Saas Bhi Kabhi Bahu Thi. While the lead character had. Around Ekta‘s shaky 2005 period in television came the surprise box office hit she produced. Ekta’s Big Screen Releases Although Ekta and Balaji Telefilms had already produced four films from 2001 to 2004. Tusshar Kapoor. TRPs decreased to a massive extent for her landmark show. She has numerous awards under her belt from the television and film industry. with Amitabh Bachchan and Sanjay Dutt in lead roles. been played by a different actress than the one the show began with. her other pet project. in a sense. but ever the entrepreneur. grossing over 58 crore (albeit with mixed critical reception). 2007 saw another popular and highly-grossing film. they were largely box office (and critical) bombs. was among the highest-grossing films of the year. All was not well though: the monopoly led to viewers at large being over-saturated. the show was taken off the air.By 2005. Shootout at Lokhandwala. and Kasautii Zindagii Kay. with an annual salary of Rs. Balaji Telefilms had something of a monopoly over Indian televisions with shows across all major networks and channels – and had diversified to the Tamil. inspired by Martin Scorsese‘s Goodfellas. and even reincarnations. which starred her brother. . She had become. to produce Dibakar Banerjee‘s highly-acclaimed Love Sex aur Dhoka. by the time. Things had begun to seem grim well before 2008 though. with such plot devices as multiple deaths. Director and Member of the Shareholders Committee of Balaji Telefilms as well. which began in 2001.30. Kannada. along with being named one of Asia’s Most Powerful Communicators by Asiaweek magazine. Newer productions included Ragini MMS. the popularity of a number of her soaps began to decline. another popular show. Ekta started to branch out Balaji Telefilms‘ influence in other spheres. by this time. Notorious for her silence about her personal life. Joint Managing Director.000. inspirational figure with just the amount of flexibility required to adapt to the changing needs of her audience of nearly 20 years. Once Upon a Time in Mumbaai. 2010 also saw her other production. Ekta took a bold chance two years later in 2010. The Woman Ekta is estimated to have a net worth of about 1. A slew of cancellations followed that year: Kahaani Ghar Ghar Kii. Malayalam. THE DECLINE . kidnappings. While 2008 brought another box office bomb in EMI. the lights were dimmed. business side of her—an impressive. Kya Kool Hai Hum.32 crore rupees. The film. a horror/romance fim released in 2011. a comedy. we see only the professional.
By 19. The Oprah Winfrey Show: In 1984. has won dozens of Emmys. it entered national syndication and became the highest-rated talk show in TV history. Movies: In 1985 Oprah gave a breakout performance as "Sofia" in Stephen Spielberg's The Color Purple. Oprah has managed to amass a sizable fortune. where she co-anchored WJZ-TV's Six O'Clock News. such as 1998's Beloved. in 1988. and within a year it was renamed The Oprah Winfrey Show.” ~Oprah Winfrey OPRAH WINFREY In a career filled with firsts and superlatives. magazine publishing. and online media.. Oprah relocated to Chicago to host AM Chicago. The ability to triumph begins with you. based on Toni Morrison's Pulitzer Prize-winning novel and costarring Oprah and Danny Glover. she was anchoring the news at WTFV-TV. or where you came from. Oprah began her career in broadcasting at age 17 at radio station WVOL. A year later. both the the first African-American woman and the youngest person ever to do so. She soon made the switch to doing talk shows. she founded Harpo Films to work on projects based on contemporary and classic literature. Always. In 1990. Oprah founded her own production facility. it has grown into Harpo. which operates the Oxygen Network. It has remained the number one talk show for 18 seasons. a cable network for women reaching more than 54 million viewers. In 1976 she moved to Baltimore. Since then. become one of the most powerful people in the entertainment industry. it had surpassed Donahue as the #1 local talk show. She has also acted in several made-for-TV movies. Harpo Studios ( that's "Oprah" spelled backwards). Within just one month. hosting the local People Are Talking. Entertainment Entrepreneur: Not content to work for somoeone else.MINORITY ENTREPRENEURS “It doesn’t matter who you are. and yet maintain a sense of humility and compassion we all should strive to achieve. Broadcasting Pioneer: Born in a small town in Mississippi in 1954 and raised in Nashville. and is seen by an estimated 30 million viewers a week in the United States and is broadcast internationally in 111 countries. garnering both Golden Globe and Oscar nominations. Tennessee. which employs around 250 full-time people in television and film production. Inc. . She is also co-founder of Oxygen Media. Harpo has a long-term deal with ABC to produce the "Oprah Winfrey Presents" telefilms.
and an interactive workbook. while I'm talking to you. She owns 90% of Harpo's stock. In 2004. So far the group has raised $27 million almost entirely from audience donations. children and families in the United States and around the world. as well as providing in-depth resources about the show. The Accidental Businesswoman: Although she's a billionaire (the first black woman to achieve it) with a long list of business accomplishments and awards. challenge it in court. Her companion. Private Life: For a very public person. Only once did a former employee." Oprah has maintained strict control of that brand. now the largest book club in the world with more than half a million members.she retains full control. she launched O at Home. Internet Innovator: With three million users per month generating 45 million page views. She seems to have mastered both. and her willingness to open up about it on daytime TV helped win the enduring trust of her audience. Coady lost and Oprah's business and personal life remain remarkably private. Everything with her name on it is put out by her company under her direct supervision. "Oprah's life is the essence of her brand. Oprah. and Hearst Magazines are basically distribution deals -. it's not all about the money. That's by design. a monthly magazine that has become one of today's top women's lifestyle publications. "I don't think of myself as a businesswoman. as Patricia Sellers put it. although certain aspects of her life are very private. Elizabeth Coady. There's this part of me that's afraid of what will happen if I believe it all. It now has a circulation of more than two million monthly readers (more than Martha Stewart Living or Vogue) and Fortune called it "the most successful startup ever in the industry". Even the deals with ABC. Harpo employees are barred from talking or writing about her personal or business affairs and those of her company for the rest of their lives. Stedman Graham. a seasonal home design magazine. Oprah told Fortune Magazine. life lessons." The charity has awarded millions of dollars to organizations throughout the world to improve education and health care. Oprah launched O. she's the most powerful woman in the entertainment industry. covering a variety of topics. The Oprah Magazine. The only time I think about being a businesswoman is now. though. In the end. and Intel.com is one of the top women's lifestyle websites." She's turned down invitations to join the corporate boards of AT&T. It's also the home of Oprah's Book Club.O Magazine: In 2000. Ralph Lauren. But by most people's accounts. it's clear that Oprah is all about two things: living a great life for yourself and making a difference in the world. Philanthropy: In 1987 Oprah created The Oprah Winfrey Foundation "to support the education and empowerment of women. From her philanthropic efforts to the inspirational and educational nature of her shows to her book club to her Live Your Best Life program. an multimedia section featuring Oprah's personal life stories. is a prominent management and marketing consultant with two best-selling books to his name. Oxygen Network. in partnership with Hearst Magazines. turning away countless requests for her to lend her name to a wide variety of products. Oprah's tremendous appeal comes from the fact that. It's also the home of Live Your Best Life. In 1997 she founded Oprah's Angel Network to inspire people to make a difference in the lives of others. . Oprah lives a remarkably private life.
and creating solutions to change society for the better. committing their lives to changing the direction of their field. In other words. inventing new approaches. They are both visionaries and ultimate realists. They will not rest until they have revolutionized the fishing industry. understandable. the citizen sector has discovered what the business sector learned long ago: There is nothing as powerful as a new idea in the hands of a first-class entrepreneur. seizing opportunities others miss and improving systems. concerned with the practical implementation of their vision above all else. and engage widespread support in order to maximize the number of local people that will stand up. social entrepreneurs act as the change agents for society. Social entrepreneurs often seem to be possessed by their ideas. every leading social entrepreneur is a mass recruiter of local changemakers—a role model proving that citizens who channel their passion into action can do almost anything. Why "Social" Entrepreneur? Just as entrepreneurs change the face of business. a social entrepreneur comes up with new solutions to social problems and then implements them on a large scale.Rather than leaving societal needs to the government or business sectors. They are ambitious and persistent. spreading the solution. ethical. Social entrepreneurs are individuals with innovative solutions to society‘s most pressing social problems. . seize their idea.Over the past two decades. and persuading entire societies to take new leaps. and implement with it. Each social entrepreneur presents ideas that are user-friendly.SOCIAL ENTREPRENEURS a Rare Breed “Social entrepreneurs are not content just to give a fish or teach how to fish. tackling major social issues and offering new ideas for wide-scale change. While a business entrepreneur might create entirely new industries. social entrepreneurs find what is not working and solve the problem by changing the system. They are ambitious and persistent.” -Bill Drayton (Ashoka Founder) What is a Social Entrepreneur? Social entrepreneurs are individuals with innovative solutions to society‘s most pressing social problems. tackling major social issues and offering new ideas for wide-scale change.
letting it be known upfront. THE UNDETERRED WILL He would brook no meddling from the political class or bureaucrats sitting in the capital cities. Kerala). to the largest milk producer in the world. Kerala) into a Syrian Christian family. Dairy farming became India‘s largest self-sustaining industry. He went on to marry Molly. One of the greatest proponents of the cooperative movement in the world. Madras Presidency. his work has alleviated millions out of poverty not only in India but also outside. His achievements with the Amul dairy led Prime Minister Lal Bahadur Shastri to appoint him founder-chairman of the National Dairy Development Board (NDDB) in 1965. Kurien was responsible for the creation and success of the Amul brand of dairy products. I cheated a bit . surpassing the USA in 1998. Tribhuvandas Patel were backed by the few enlightened political leaders and bureaucrats of the early Independence days who saw merit in their pioneering cooperative model. After completing his degree. the World Food Prize and the Magsaysay Award for community leadership. though he. PERSONAL LIFE Born on 26 November 1921 at Calicut. best known as the "Father of the White Revolution".taking head-on the powerful and entrenched oil supplying lobby. the daughter of a friend of his father. he would later turn an Atheist. Later. managed by farmers and run by professionals. Madras in 1940 and then obtained his Bachelors in mechanical engineering from the University of Madras. He founded around 30 institutions of excellence (like AMUL. as Kurien would say in his own words.VERGHESE KURIEN Verghese Kurien (26 November 1921 – 9 September 2012) was an Indian engineer and renowned social entrepreneur. A key achievement at Amul was the invention of milk powder processed from buffalo milk(abundant in India). British India (now Kozhikode. Jamshedpur from where he graduated in 1946. The operation took India from being a milk-deficient nation. NDDB) which are owned. His father was a civil surgeon in Cochin (Kochi. in the then major milk producing nations. for his 'billion-litre idea' or Operation Flood — the world's biggest agricultural development programme. IRMA. he joined the Tata Steel Technical Institute. and his mentor and colleague. as opposed to that made from cow-milk. He graduated in Physics from Loyola College. which in 30 years doubled the milk available to every person. He made the country self-sufficient in edible oils too later on. to replicate Amul's "Anand model" nationwide. "I was sent to the United States to study dairy engineering (on the only government scholarship left) at Michigan State University. GCMMF. Hailed as the "Milkman of India". with about 17 percent of global output in 2010–11. As the founding chairman of the Gujarat Co-operative Milk Marketing Federation (GCMMF). Kurien won several awards including the Padma Vibhushan (India's second-highest civilian honour).
Benegal was helped by Kurien who hit upon an idea of getting each of his half a million farmers to contribute a token two rupees for the making of the movie. the work of Kurien & his team in India took India from a milk importer to a milk & milk-products exporting nation within the span of 2 decades. then an advertising executive whoed Manthan (the churning of the 'milk ocean'). but was pursuaded to stay back at Anand byTribhuvandas Patel (who would later share the Magsaysay with him) who had brought together Kheda's farmers as a cooperative union to process and sell their milk. Kurien set all of them up under GCMMF in 1973 to sell the combined produce of the dairies under a single Amul brand. nationwide. Kurien's life story is chronicled in his memoir I Too Had a Dream. Not able to finance it. The Amul pattern of cooperatives became so successful. and was quickly deputed to the Government of India's experimental creamery. FILM AND ITS USE IN ENLARGING THE MOVEMENT Veteran film-maker Shyam Benegal. a bastion of cooperative dairying then. to woo farmers there to create cooperatives of their own. Like shown in the film. which impressed distributors to release it before audiences. after his master's degree. Today GCMMF sells Amul products not only in India but also overseas. CAREER Kurien arrived back on 13 May 1949. Nevertheless. Kurien was mentioned by the Ashoka Foundation as one of the eminent present Day Social Entrepreneurs. when he had to learn to set up the Amul dairy." He did however train for dairy technology later on. As the 'Amul dairy experiment' was replicated in Gujarat's districts in the neighbourhood of Anand . to me. that in 1965 Prime Minister Lal Bahadur Shastri created the National Dairy Development Board (NDDB) to replicate the program nationwide citing Kurien's "extraordinary and dynamic leadership" upon naming him chairman. He quit the post of GCMMF Chairman in 2006 following disagreement with the GCMMF management. and studied metallurgical and nuclear engineering. disciplines that I believed were likely to be of far greater use to my soon-to-be Independent country and. The movie's success gave Kurien another idea. . UNDP would use the movie to start similar cooperatives in Latin America. a vet. Kurien played a key role in many other organizations. like chairing the Viksit Bharat Foundation.though. Manthan hit a chord with the audience immediately when it was shown in Gujarat in 1976. at Anand in Gujarat's Kheda district by the government and rather half-heartedly served out his bond period against the scholarship given by them. It was critically acclaimed and went on to win national awards the following year and was later shown on television to the public. a body set up by the President of India. When the National Dairy Development Board expanded the scope of Operation Flood to cover the entire country in its Phase 2 program in 1979: Kurien founded the Institute of Rural Management Anand (IRMA). Interestingly Kurien. the person who revolutionized the availability of milk in India did not drink milk himself. on a government sponsorship to New Zealand. He had already made up his mind to quit mid-way. a milk technician and a fodder specialist who could explain the value of cross-breeding of milch cattle would tour other parts of the country along with the film's prints. quite frankly. a pioneering concept at the time.
GrameenPhone. We insulate him from other dimensions of life. Not that he is going to rest up on the conference circuit as a ―living saint‖ — Yunus has now put his hat into the political ring in Bangladesh . such as. It works with the not-for-profit Grameen Telecom to provide bulk airtime for village phones which are built from simple handsets and solar chargers.to maximize profit.. Yunus described how he had been able to attract private capital to fund a variety of socially driven businesses in Bangladesh. high-tech systems. Let us be brave and admit that it is because of "conceptualisation failure". . and transforming the micro-credit movement. Nowadays the idea of a ―village phone lady‖ is catching on in other parts of Asia and Africa.. More specifically.MOHAMMAD YUNUS Muhammad Yunus has long been a hero of the social entrepreneur community for his work in creating the Grameen Bank. He is dedicated to one mission in his business life --. with the local entrepreneur providing other associated services using low-cost. I think things are going wrong not because of "market failure". is 51% owned by Norway's Telenor (TELN ). Muhammad Yunus GATHERING RESOURCES – AN IDEA IN ITSELF In his presentation. Funded by loans to individual women. religious.. political dimensions. emotional.” — Dr. it is the failure to capture the essence of a human being in our theory. a move which was often commented on in the different workshops at the Forum (with several participants expressing fears that the most prominent hero of the social entrepreneur movement would be tainted by the political involvement). Now that he has been awarded the 2006 Nobel Peace Prize for this work. It is much deeper than that. a for-profit telecom outfit. He is supported by masses of one-dimensional human beings who back him up with their investment money to achieve the same mission. “Many of the problems in the world remain unresolved because we continue to interpret capitalism too narrowly.. In this narrow interpretation we create a one-dimensional human being to play the role of entrepreneur. Yunus has been virtually canonised by the social entrepreneur movement. these systems function as pay phones in many rural areas.
With 1. In fact. dispensing of the requirement of collateral and extending loans only to the very poorest borrowers. a villager must demonstrate that her family owns less than one half acre of land. "But then skeleton-like people began showing up in the capital. Grameen provides services in 51. Often they sat so still that one could not be sure whether they were alive or dead. and he cooked up several plans working with his students.Yunus told his story and that of the bank in the book "Banker to the Poor." he says. Grameen Bank was born and an economic revolution had begun. Yunus developed his revolutionary micro-credit system with the belief that it would be a cost effective and scalable weapon to fight poverty.417 branches. "Nothing in the economic theories I taught reflected the life around me.Another enterprise. They all looked alike: men. sells around 1. Dhaka. How could I go on telling my students make believe stories in the name of economics? I needed to run away from these theories and from my textbooks and discover the real-life economics of a poor person's existence. children. when the country experienced a terrible famine in which thousands starved to death. THE SPARK .000 villages. and children looked like old people. Old people looked like children. THE ACHIEVEMENT . Yunus wanted to help. covering three . Grameen Bank has reversed conventional banking wisdom by focusing on women borrowers.The bank has provided $4. The thrill he had once experienced studying economics and teaching his students elegant economic theories that could supposedly cure societal problems soon left him entirely.4 million families in rural Bangladesh. women. to qualify for a loan from the Grameen Bank. Yunus recalls that in 1974 he was teaching economics at a Chittagong University in southern Bangladesh.Yunus went to the nearby village of Jobra where he learned the economic realities of the poor. Next on his list are low-cost eye care and rural hospitals with video-conferencing between villagers and doctors in Dhaka YUNUS and the GRAMEEN BANK Muhammad Yunus has had phenomenal success helping people lift themselves out of poverty in rural Bangladesh by providing them with credit without requiring collateral." THE BEGINNING . He found that one of his many ideas was more successful than the rest: offering people tiny loans for self-employment. In the book. Grameen Shakti. Hungry people were everywhere.7 billion dollars to 4." coauthored by him and Alan Jolis. As the famine worsened he began to dread his own lectures. Soon the trickle became a flood. "We tried to ignore it. Yunus is also developing a partnership between Grameen and the French company Danone to make a nutritious and inexpensive baby formula.500 home solar-panel systems per month throughout rural Bangladesh and is growing 15% a year without subsidies.
Much of green is about solving old problems in new ways.quarters of all the villages in Bangladesh. services. the program established by Yunus at the Grameen Bank "is the single most important development in the third world in the last 100 years. Today. Yet its system is largely based on mutual trust and the enterprise and accountability of millions of women villagers. and I don't think any two people will disagree. service. or process that benefits the environment. According to one expert in innovative government. more than 250 institutions in nearly 100 countries operate micro-credit programs based on the Grameen Bank model. What is a green entrepreneur? Green: A product. or processes. Putting these together. a green entrepreneur is someone who starts a business to make or offer a product. while thousands of other micro-credit programs have emulated. For example: How can we create energy without polluting the environment? How can we produce or sell goods using as few resources as possible? How can we keep our houses warm in winter and cool in summer without burning fossil fuels? . or process that either benefits the environment or reduces the negative environmental impact of existing products. Entrepreneur: A person who is willing to launch a new venture or enterprise and accept full responsibility for the outcome. service." GREEN ENTREPRENEURS It is a blessed thing that in every age someone has had the individuality enough and courage enough to stand by his own convictions. adapted or been inspired by the Grameen Bank.
After his engineering from the Indian Institute of Technology Bombay. and they work toward creating a product or service that meets the need. Pramod Chaudhari worked for a multinational company for a few years. he established Praj Industries in 1984. They see a need for an environmentally-friendly solution. A successful entrepreneur. PRAMOD CHAUDHARI It has been 25 years of entrepreneurship for Pramod Chaudhari. For others. They might be targeting a market niche. he decided to start his own venture. How can we build vehicles that use as little gas as possible? Green entrepreneurs are people who have (or seek out) the knowledge. . Later. or to channel it efficiently. he describes his experience as an exciting journey full of ups and downs. Why Become a Green Entrepreneur? Some entrepreneurs start a green business primarily because of their passion for the environment. and resources to solve these problems or find innovative ways to bring existing solutions to market. but it can also be cost-effective. Still others have discovered that there is a "green" application to a product that already exists. a manufacturer of liquid pumps and flow valves designed to pump and control the flow of oil or gas might realize that these products can also be marketed to utilities or wastewater treatment plans to conserve water. Some scientists and innovators are naturally curious about finding new ways to create things. For example. Passionate about green technologies. Others see a market need that just happens to have an environmentally-friendly solution. but the desire to do something good for the planet is what really drives them. but not necessarily the main motivation. For example. helping the environment is an added benefit. less risky approach to green entrepreneurship. Marketing an existing product to a new type of customer is a more incremental. running a manufacturing company that uses energy-efficient and low-waste processes is good for the environment. initiative.
I told them that I will give it a try for about five years and I won't be a burden to them. Thirty years ago. bio-diesel. Today. Our products facilitate the use of bio fuels. we are almost close to the Western world. young managers within a company.It was not an easy ride. Planning Commission for introduction of renewable fuels to India. who have good skills and ideas must be encouraged to develop their ideas. Stressing the importance of intrapreneurships. etc. Praj focusses on offering innovative solutions to add value in bio-ethanol. In his own words…. So we complete the pentagon of green initiatives. We also encourage our employees to take part in social activities related to the environment. Thanks to the liberalisation that started in the 1990's. For new entrants. we are able to catch up with the West on many fronts. our processes are green as they consumes less water and less energy. . He believes that innovation and entrepreneurship must go hand in hand to build sustainable solutions. water. How do you see India's role in green technology area? It is a new avenue. IT was the first. It lists ten missions like solar.Praj was recently conferred the 'Forbes Best Under a Billion Company' in Asia. We got the full benefit of IT and now it is stabilising. green manufacturing. We operate on five parameters. What kind of challenges do you face? It is a big challenge to make these products cost effective and commercially viable. based on its consistent growth and profitability over three years. The biggest will be solar projects. Praj has been creating innovative technology platforms to make biofuels a sustainable choice toward making a greener planet. released by the Prime Minister Manmohan Singh last year. energy efficient technologies and waste water treatment. Is there lot of market for start-ups in the clean technology area? The market is huge. . India was trailing by 20 years in terms of green technology initiatives. brewery plants and process equipment and systems for customers worldwide. . In all our processes we keep a tab on low energy consumption. for the second consecutive year. We try to bring in green technology in our day-to-day activities. so each mission offers huge opportunity. he says. He failed many times but that did not deter him from taking new initiatives and moving ahead. like green design. Under his leadership. His never-say-die attitude and optimism made sure he built a world-renowned company. there is a document called NAPCC (National Action Plan for Climate Change).Chaudhari has also contributed to the National Biofuels Policy as a member of the Committee on Development of Biofuels. We are in the forefront of bio technology and green technology now. We have good talent in India so in terms of clean technology we are at par with the world. What are the core activities of Praj? Our core business is to offer technology design and machinery for the production of bio fuels. How difficult was it to leave a good job and start a venture on your own? It was very difficult as I was working for a MNC. But my father had confidence that I will do something different. lesser paper use.
I have hit the bottom twice but my optimism helped me survive. Service is good to create more employment. You have to go on trying. however. Praj has launched the 'Maha-Intrapreneur Award' to recognise the efforts of intrapreneurs. So it depends on the risk-taking ability of entrepreneurs. When I started there was hardly anything. It's not inferior to entrepreneurship. I believe that one has to be very lucky and be at the right place at the right time. There is a gap in the funding for many start-ups as angel funding dries up and VCs find it small-ticket business. The gap between angel funding and VCs needs to be bridged. What are the reasons for your success? I really don't know. you need a lot of capital. There is a huge talent available in tier-2 cities in Maharashtra and in other parts of the country. They may be as good as entrepreneurs. However. So many technologies don't see the light of the day. if an entrepreneur wants to expand business in another place he must find an entrepreneur there and make him expand business. There are lot of government agencies and financial institutions to support them. I don't have a recipe for success. So they should become intrapreneurs as there is a safety net in an organisation.Do you face a talent. To develop products. making a product or a prototype takes a long time or you need a lot of patience. You talked about intrapreneurs? How do you plan to encourage intrapreneurship? We encourage our own employees to come up with ideas.The innovative contribution of entrepreneurs is supported by intrapreneurs to make a successful organisation. It could be a new design. There is too much focus on services than product development in India. But there are agencies and venture capitalists that can help you with he capital as well. What are your views? Service is not a bad idea. The growth prospects. new business model. the focus must be to offer a solution for the society. take risks. be responsible to the bottomline. I feel this generation is very lucky as there is a lot of support. manpower shortage? We do not face any shortage. For instance. Creating value for whatever product or service is good. etc. that way more people get involved without hiking his overhead costs. put in a lot of effort till Lady Luck smiles at you. It requires lesser capital. solutions to make this planet a better place . What would be your advice to entrepreneurs? The decision to become an entrepreneur itself is a great achievement. So intrapreneurship is not a bad idea. will be limited in terms of services. However.
he got exposed to variety of packaging materials and caught his attention. The next venture of Subhash Chandra was Esselworld. Subhash Chandra and ZEE did face a lot of difficulties in dealing with Rupert Murdoch and later even broke away from STAR.COLLEGE DROPOUTS “The question isn’t who’s going to let me. Essel packaging was the first company in India to introduce laminated tubes for packaging toothpastes. Mr Chandra informed that while storing rice in open yards. He along with his brothers got into rice trading and exports. the family was in debt of Rs five lakhs. packaging appears far removed from rice trading. This made him look at the television business. He wanted to enter a business where there will be minimum hindrance between the entertainer and the entertained. this gave him an insight into the family entertainment business. Chandra‘s family was engaged in rice trading. there was an income tax claim of Rs 150 crore on his company. Yet. which form part of the Essel group. On being asked pointedly by the interviewer. did he really make a huge fortune in that contract. Zee TV was the first Indian language channel on the satellite television. THE JOURNEY Born in a business family in Haryana. He earned a fortune exporting rice to Russia. He invested the capital created to enter the packaging business.” ~Ayn Rand SUBHASH CHANDRA Serial Entrepreneur It is hard to say what the real business of Subhash Chandra is. When Subhash Chandra took the reins of the family business. compelling him to look outside the amusement park business for growth. Today. His company used to procure and supply rice to Food Corporation of India. it’s who is going to stop me. It has a 38 % market share in toothpaste packaging worldwide. Although not very profitable. but that hardly does justice to his interests in variety of businesses. Seemingly. Essel packaging is a world leader in laminated tubes with factories in all the five continents. This went on to be a huge success. he admitted that in 1983. which was not visible to many established business houses. which had a big role in days to come. He confessed in the interview that the Maharashtra government of the day was very oppressive and bureaucratic. What sets apart Subhash Chandra from the rest is that he was the pioneer in most categories and he saw opportunities in new areas. Zee lost its pole position in the General entertainment space in . Managing a diversified conglomerate is not such a unique distinction. He left his studies after completing his 12th and most people refer to him as a media mogul. India’s first amusement park.
Hindi to Star Plus. that some of the best players it had contracted have left ICL. It got closely linked to Ketan Parekh. in its two editions. Playwin had its brief period of success. one after the other . Among all the listed companies of Essel Group. Even today it is among the top 3 GE channel along with Star Plus and Colors. Through means. never saw the light of the day. the first private business house to enter the DTH business. When the bust happened. except for the blessings of BCCI. Not content to sit on his laurels. ICL has been decimated by BCCI. It has been able to make a mark of its own in the crowded space. One failure that may be causing Subhash Chandra a great deal of heartburn must be the Indian Cricket League (ICL). after the Zee success. Now. Chandra is itching to move on to something more exciting. which they have not recovered to this day. He also has a poor record of professionalizing the management of his share market boom. Nobody can refute that ICL was the first T20 league in India and credit must go to Subhash Chandra. Subhash Chandra could have become the Kerry Packer of India if ICL had become successful. Once again. Indian Premier League (IPL) which has borrowed many ideas from ICL has been a monster hit. Subhash Chandra wanted to enter the satellite communications business. so much so. He has had failed ventures too like Zee computer education and KIDZEE. This was around the time when Motorola was launching the Iridium project. Subhash Chandra claims that during this recessionary times. Essel group also has a moderately successful newspaper in DNA. ICL had most of the ingredients to become hugely successful. many an investor incurred heavy losses in the stock. Dish TV has the highest market capitalization. through Dish TV. DNA is doing better than others because of its low advertising tariffs. Zee TV network today has over 15 channels in many languages and as per Subhash Chandra. Subhash Chandra also pioneered the online lottery in India. Although Agrani. He is considered a very mean competitor. as many states banned lotteries. rather than the high-maintenance media business which requires continuous management attention. as a network they have the largest number of viewers and market-share in India. fair and foul. One idea his group is working on is in the area of creating a chain of wellness clinics across the country. This technology had its inherent problems and could not compete with the cellular phone. He is also keen to enter businesses which are more annuities like. through Agrani. one cannot but admire this entrepreneur who has been spotting new opportunities and creating successful businesses. this experiment led to his entering the Direct-to-home TV business. Subhash Chandra has his share of critics. Zee stock was among the favorites of the market. later got mired in various legal troubles. Yet.
Honors in 2000 included an honorary doctorate by both the Manipal Academy of Higher Education in India and Roorkee and the Business Man of the Year by Business India. Premji took over the family oil business.8 million children are partaking in various programs. political or cultural changes by the Financial Times. the Azim Premji Foundation focuses on quality education to build a just. Also in 2003. Premji started Wipro Fluid Power to make hydraulic cylinders and also truck tippers. . Wipro was a natural entry into the IT field. the Padmabhushana. In 1966.5 million oil company to a $662 million diversified conglomerate. but instead it tries to improve the quality of general education. CSR . . In the 1980‘s IMBM was kicked out of India creating a vacuum in the technology field. General Electric used Wipro to manufacture light bulbs. In 2004.Established by Premji in 2001. who have the most ―power to effect change‖ and one of the 25 most powerful business leaders outside the US. and Business Week had Premji‘s picture on its October cover titled ―India‘s Tech King‖. Premji believes in growth through delivering value with integrity to the customer . In 2005. PRemji was completing his degree in engineering at Stanford University when his father died. and it also achieved PCMM Level 5 (People Capability Maturity Model). Under Premji’s leadership Wipro Corporation began to expand and diversify. the world‘s first organization to gain this level. By 1975. Premji has been awarded numerous honors. shampoo. It was also achieved SEI CMM Level 5 (the first software company to earn this distinction).Wipro grew from a $1. Wipro is the largest outsourcing company in India and its research and development unit is the world largest independent group. Under Pemji‘s guidance. he received one of his countries highest honors for a civilian.Just 21. The Foundation‘s does not focus primarily on Information Technology education. They began manufacturing hardware for computers and then branched out to software development. his honors included top 25 billionaires who have done most to bring about significant and lasting social. With Pemji’s interest in electrical engineering. He later was able to finish getting his degree in electrical engineering with correspondence courses. 1. baby care products and powder. Wipro was issued a special license from Sentinel. Forbes named Premji to two distinguished lists – one of the 10 people globally. especially in rural schools.AZIM PREMJI Wipro Products Ltd was run by Premji‘s father. He is a member of the Prime Minister‘s Advisory Committee for Information Technology in India. equitable and humane society. Over 70 educational CD‘s have been created for Indian schools. In 2003. Wipro became the first Indian company to implement the Six Sigma program. and as one of the 100 most influential people in the world.
CONCLUSION "Innovation is the specific tool of entrepreneurs. strategic management and the likes . the changes and their symptoms that indicate opportunities for successful innovation. it is not only an amalgamation of their ideas but also the spirit and ethos of their cultures which blend together and formulate brilliant products and services. Drucker The importance of innovation and creativity to help any business enterprise flourish cannot be over-emphasized. capable of being practiced. innovation. When we talk about various players in business. It is capable of being presented as a discipline." . the world has ever seen. In a nutshell. Following your dreams might not always make you earn millions but the sense of satisfaction of being your own boss brings people joy and self sufficiency and a sense of contributing to the world. We have very strongly realized that the concepts and theories of creativity. And they need to know and to apply the principles of successful innovation. hailing from different backgrounds and cultures. the means by which they exploit change as an opportunity for a different business or a different service. not really verbatim but somehow do form an extremely vital part of any entrepreneur’s journey towards success.Peter F. capable of being learned. . it’s about a the zeal to follow your passion and do something out-of-the box that connects these different people. the cultural diversity of entrepreneurs teaches us that apart from success or money or fame. Entrepreneurs need to search purposefully for the sources of innovation. but it is equally important to strike a balance between the ideas which an entrepreneurial mind conceives and implementing them just in the desired way.
bx..org/..../business-tips-from-college-dropouts- Essentials of Entrepreneurship and Small Business .org/ www.muhammadyunus. www.BIBLIOGRAPHY www..com/social-entrepreneurship/ www..com/tsu/index.html yourstory.forbes./green/./top-10-women-entrepreneurs-and-leaders.in/ www.iseek.businessweek.com/./what-green-entrepreneurship.entrepreneur..com/...BY Scarborough and Zimmerer .youthkiawaaz.
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