Spirit of an Entrepreneur??

                   The buzz word Entrepreneur has quite a weight if you are a graduate from an IIM.The notion that venture capitalists or angel investors are ready to make investments and get their favorable returns is a misnomer.If we consider the legacy of the top 6 IIMs, There will be around close to 75000 people who graduated from these IIMs and  just around 1%  have taken a chance of an entrepreneurial stint. Of these there will be around 100 who have emerged successfully in their entrepreneurial voyage.

                   If we consider the parameters such as risk, return and degree of freedom, the risk associated with a high admission fees which costs around 15 lakhs for two years,  mostly funded by a bank which charges compounded interest rate is high.There is hardly an incentive to take risk to follow one's dream.There will always be a doubt in the mind of the students who really want to do something for the better.This in effect builds the whole system of IIM's as placement agencies.The frustration of higher deviation in packages leads to race of grades, and flaunting of abilities and qualities.This in turn leads to a frame of mind of higher pays in the mind of MBA aspirants and everybody  who wants to earn higher aspires to write Management entrances.All this constitutes a vicious cycle.

                  There seems to be a solution which might change the system for the better.If the fees of 15 lac  for students is forgone, IIMs would have to fund 400 crore through Ministry of HRD.This might put them to a loss for the short term but in a longer term will surely bud entrepreneurs at a much higher rate. Presently , a maximum of around 20-25 opt out jobs every year to chase their dreams but when the pressure of  paying back money is taken out, the student will be satisfied at a job which pays low and will look for doing something of his own which interests him.

                  I again intend to quote my favorite line from "Atlas shrugged".


"World lies in the hands of creators and they are responsible  to move the society forward."


PS: Just an opinion, Which makes sense to me.

Banalty-1

Ahem, Mythology,

Mythology is a well built fiction with a good mix of logic.This has been the reason of its sustenance.
I intend to explain a story which tells about how feudalism and caste ism came into existence.
 There  were four sects of people, who had contention w.r.t society. Brahmans, Kshatriya's, Sudra's and  Vaishyas.

Brahmans had a point that they have the right to teach and nobody else has the right to do the same. Kshatriya's took the right to fight and leading the land. Sudra's took the right of doing respectable occupations like farming,sunaar and lauhar etc.Finally  the last guy was left out of dal and hence was called dalit,  etymologically, the existence of the name came from these roots.This example was portrayed by a  successful Kshatriya farmer who had a "surpanch" from a dalit group sitting at his door steps on no where , where as we were held high and proud with this mythological fable.

The banality of how well the society is progressing has been my repercussion towards Rural immersion.Though it was a tour which had no bounds w.r.t. time, it did provide me an insight about how banal the things were portrait. The poverty was abysmally high with very low levels of satisfaction, but still the people who held government positions intend to prove the fact that the society is towards progress.



Contd......