Can entrepreneurship been taught is a million dollar question in the present world of business education and can also mark a question on courses pr programme running on these line….. But sometime I do think that it is worth debating…..What we should teach - Entrepreneurship or managing enterprise????
Rightly quoted by one of the senior professor at Beijing University, Beijing “In my opinion, entrepreneurship is a matter of the heart, and education is a matter of the brain. It is difficult to teach a heart." So nobody can teach you to take risk. It is the function of the state of an individual in a particular situation. Although by counseling, simulating certain environment equipping with certain tools and techniques you can persuade one to take risk at one stage. But will it ensure for the next or next to next stages and so on. No, one cannot. This is the big differences where the entrepreneurship and managing enterprises comes in. Top executive in the company always come across such a question what to do? Whether to go ahead with this or to drop??? Finally they do take a call but is it that risks their life?? In my opinion, it is not always. They always have an answer -will see…it may affect my current job but not the life, But to be an entrepreneur one always need to answer these type of question…should I go ahead or drop the idea???? Here no business managing skills are required –the only thing which helps out here is the ability to take a risk and say “move on”.
But if this underline fat of entrepreneurship then what is the role of formal education in entrepreneurship???? In my opinion as mentioned earlier entrepreneurship cannot be taught but we can always develop the skills that how to manage the enterprise developed out of entrepreneurship….
Entrepreneurship always calls for an action and that action can lead to you in any situation – good or bad. And to take that action you need to have courage to take risk…this risk taking ability can be learned from the environment but cannot be taught in the classroom. Classroom learning helps you to develop the aptitude or your thought process and skills to manage the business but day to day decision making ability has to come from Heart not Brain!!!!
Saturday, November 20, 2010
Tuesday, April 13, 2010
Success: A yardstick of self or others
“Success” the word which everybody is looking for or rather to say everybody is running for. I always used to think on this word and on this line that what is success after all? But never thought to pen down on this. But today one of my students now colleague started a discussion on LinkedIn- What is the simplest definition of success? This provoked me to put my thought on the paper.
I don’t say that I am a legend like Stephen Covey or Robin Sharma or Marshal Goldsmith etc etc who understands the human psychology and have authority on saying something on these topics and that suits the majority of the environment too. But I have my own thought and Philosophy that I want to express. Similarly I have my own Philosophy on success.
For me success is the attainment of self desire. It is more of what I want to achieve in life, or to year down the line or 20 year down the line or may be two minute after now and attaining those goal and off course with my values (if one has). And in this way success leads to happiness. Success is the result and happiness is the reward effort employed. And happiness is more related to self realization of the result. So success should also be realized by self. But unfortunately sometimes or most of the time success is not realized by self but by others. We tend to define the success from others point of view. For example if somebody says success means having good reputation in society so he will feel himself successful if society respects him/her and at the same time for him/her all those person who have good reputation in society are successful. But this may or may not be the reality, as for few of them success may be the having good wealth not the reputation. So ideally it has to be defined by the self but we tend to look at society what they feel of us. Whether they feel -we are successful or not. And if this is the case we will have to define it from other’s point of view.
But I always use to think why have we given this yardstick to the society? Who is this society to decide that whether we are successful or not. I know I am happy at my home living with my parents even if I do not have any great opportunity to work on, but then why am I running for money, reputation, designation, luxury which will not make me available to my family? Is this because I want to be called as successful by the society even if I am not from my heart? Or is this the case is that we have camouflaged our definition of success with society’s definition of success? These are the question which one must asked him/her before calling themselves successful.
It takes lots of guts to define success against all these odds and that is why we prefer to be called as a successful by society than asking self.
Have a successful life……….
I don’t say that I am a legend like Stephen Covey or Robin Sharma or Marshal Goldsmith etc etc who understands the human psychology and have authority on saying something on these topics and that suits the majority of the environment too. But I have my own thought and Philosophy that I want to express. Similarly I have my own Philosophy on success.
For me success is the attainment of self desire. It is more of what I want to achieve in life, or to year down the line or 20 year down the line or may be two minute after now and attaining those goal and off course with my values (if one has). And in this way success leads to happiness. Success is the result and happiness is the reward effort employed. And happiness is more related to self realization of the result. So success should also be realized by self. But unfortunately sometimes or most of the time success is not realized by self but by others. We tend to define the success from others point of view. For example if somebody says success means having good reputation in society so he will feel himself successful if society respects him/her and at the same time for him/her all those person who have good reputation in society are successful. But this may or may not be the reality, as for few of them success may be the having good wealth not the reputation. So ideally it has to be defined by the self but we tend to look at society what they feel of us. Whether they feel -we are successful or not. And if this is the case we will have to define it from other’s point of view.
But I always use to think why have we given this yardstick to the society? Who is this society to decide that whether we are successful or not. I know I am happy at my home living with my parents even if I do not have any great opportunity to work on, but then why am I running for money, reputation, designation, luxury which will not make me available to my family? Is this because I want to be called as successful by the society even if I am not from my heart? Or is this the case is that we have camouflaged our definition of success with society’s definition of success? These are the question which one must asked him/her before calling themselves successful.
It takes lots of guts to define success against all these odds and that is why we prefer to be called as a successful by society than asking self.
Have a successful life……….
Friday, March 12, 2010
LLPs: to take off.
In connection to my previous posting (Limited Liability Partnership: A new method of company Incorporation), this discusses about the new rules in LLPs. Currently, FDI is not permitted in Partnership Firm, but allowed in companies subject to Sectoral caps. But now Govt. propose 49% FDI cap in selected sector while RBI propose the FDI in all sector with 49% cap.
Akash Gupta, Executive director, PwC says more is needed to take off this structure. “While allowing FDI in LLPs there is also a need to address sector regulatory issues that prohibit these entities from carrying on a particular activity,”. LLPs for instance, cannot bid for a road project as per guidelines of the National Highway Authority of India. Till now only 914 LLPs has been registered.
Akash Gupta, Executive director, PwC says more is needed to take off this structure. “While allowing FDI in LLPs there is also a need to address sector regulatory issues that prohibit these entities from carrying on a particular activity,”. LLPs for instance, cannot bid for a road project as per guidelines of the National Highway Authority of India. Till now only 914 LLPs has been registered.
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