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INVENTING & REINVENTING ORGANIZATION

WORKING DEFINATION
An entrepreneur is a person who combines various factors of production, processes raw material, converts the raw material into a finished product and creates utility and sells the produce in the market to earn profit.

ENTREPRENEURS ARE MADE AND NOT BORN

HOW PEOPLE BECOME AN ENTREPRENEUR?


By Necessity and Opportunity, Design and Default Triggered by Social Disruption or Interruption Entrepreneurs are created in good and bad economic times. Achievements and Financial Rewards for an Entrepreneur. Many begins but few make it.

BARRIERS TO ENTREPRENEURSHIP
Lack of Viable concept Market Familiarity Seed Capital Business know-how
Complacency , Nonmotivation Social Stigma Job Lock-ins Golden Handcuffs Time Pressure, Distractions Legal Constraints , Regulations, Red Tape Protectionism, Monopoly

BENEFITS OF ENTERPRENURESHIP
Economic Growth
Productivity New Technologies, Products & Services Market Place Change

REINVENTING ORGANIZATIONS ENTERPRENURESHIP


It requires a willingness to take calculated risks both personal and financial, and then to do everything possible to reduce the chances of failure. It also includes the ability to build an entrepreneurial or venture team to complement your (the entrepreneur) own skills and talents.

Sunil Maheswari, the chief executive officer and cofounder of Mango Technologies Pvt Ltd, has many accomplishments to his credit. MINT-Wall Street Journal described Mango Technologies as one of the 'Top Ten Startup Companies of 2008.

In 2007, he won the top innovation award from Nasscom and recently, Business World named him one of the top five entrepreneurs in India. Sunil had managed the team that designed the first 'Designed in India' mobile set and the world's first dual SIM phone.

SumZero is a company started by Divya Narendra. Divya described how he came up with the concept in an interview. "SumZero was initially inspired by a need for a simple, centralized, and searchable platform in which professional investors working at hedge funds, mutual funds, and private equity funds could share rigorous investment ideas and network with one another. Since then the concept has expanded and SumZero is taking steps to bring a subset of high-level investment research to the investing community at large

ideaForge, a company founded by three IIT Bombay alumni, is incubated at SINE IIT Bombay. ideaForge is in the business of developing alternative energy charging devices for various consumer electronic products and developing high end technologies in the field of autonomous aerial vehicles.

Ashish Bhat (Founding Member): Ashish has done his B.Tech in Electrical Engineering from IITBombay, graduating in 2006. He has worked on several technical projects and won numerous competitions while at IIT-Bombay. He has an undying passion for making simpler and better products.

Our DNA is as a consumer company - for that individual customer who's voting thumbs up or thumbs down. That's who we think about. And we think that our job is to take responsibility for the complete user experience. And if it's not up to par, it's our fault, plain and simply. Steve Jobs

Our goal is to make the best devices in the world, not to be the biggest. Steve Jobs