Entrepreneurship Development 2015 Elective Course - NITIE, Mumbai
( Visitor to this blog are advised to read the other blog related to this course...
This course is ELECTIVE for NITIE II year students in 5th module.. Course has THREE credits weightage.
To provide REAL FEEL of a commercial activity, imagined, implemented with its full impact on self
To provide a platform so as to IMPLEMENT + INTEGRATE the various course learnings. This includes that the students implement their learnings from KG - Kinder Garden studies to TO DATE .
Students may also DO and IMPLEMENT things that they have not LEARNT but with a view to to DO first and then followed by LEAR !
Make the students to experience their entrepreneurial potential and
Make them to plan their future career more ENTREPRENEURIAL
Course try to full cycle of entrepreneurialjourney.
Learning in this course typically cover - Idea generation - Planning and working out an Idea Implementation - Creating Enterprise for idea implementation -Bearing the Impact of idea implementation..
Unique things about the course
It is Practical course.
Self focused -Course is focused on student self. At the end of the course student mustengage, experience and evolve..
Integration of what already a student knows and capable of is the focus of this course .. NO attempt will be made by the faculty to upload more information and orequip more techniques in the name of course learning. Present course expects the studentsto retrieve and pool together and what all the studentslearned / and whatever they are learning as inputs.
Value creation - Course expects the students to create an economic value without fail. Economic value creation by the students is VALUED MOST.
Self Reliance is focus..
Pedagogy : DO EARNABLE way, and LEARN
This course NOT focused for ....
listening to lectures, knowing of the things and the processes , understandingand researching about the world . These things might be thereas part of the course but these are NOT the FOCUS of the course.
Focus of this course is EXECUTING, EXPERIENCING the ENTERPRISING in the form of business activities.
Learning is essentially imparted through the mode of aSTUDENT START UP . Students are assigned to launch their own startup as part of learning the course.
Pedagogy followed in the course learning is more STUDENT CENTRIC and STUDENT DRIVEN. There will be less number of class room based learning. Much of the learning is targeted for providing the students experience of the business outside of the academic setting.
Students are advised / guided to work onan enterprise that they can launch without constraints.
Students are activiey guided to select an START UP that they can DO and IMPLEMENT along with their regular academic curriculum @ NITIE Mumbai.....Students are specifically advised and discouraged NOT to choose and select an START UP IDEA that they CANNOT implement during and as part of their academic studies.
Course Evaluation : T H R E E components. ( A + B + C + D.. )
A. Earning My FIVE Square Meals 20 Marks
During the course each of the students are assigned to earn atleast FIVE square meals that they eat. The experience of earning the FIVE square meals will be one of the important inputs taken for course learning.
Earning FIVE Square meals by the students must meet TWOconditions mentioned below:
1. Earning has to happen on their own... meaning self employed . Employed with somebody / some shop or establishment is NOT acceptable. One has to visualize, imagine, plan and implement what one wants to do earn theie FIVE square meals..
2. For earning TEN square meals,studentsmust necessarily useall that the knowledge + skills that they acquired all through their academic life. They must must make their earning by applying / utilizing their competences ( K + S ) that they acquired. Earning TEN square meals by NOT engaging their Knowledge is NOT acceptable.
B. Enterprise Practicum: 40 marks..
Students are expected to complete minimum of TWOof the following criteria related to their startup enterprise. Meeting the criteriais important to score marks.
Formal registration of ones own enterprise
Launching awebsite for ones own enterprise
Readying the product and / or service for the enterprise
Opening the bank account in the name of the enterprise
Executing deeds and or bonds with Business partners, vendors, customers etc.
Procuring the Business of Rs. 5000 /-
Achieving an Enterprise turnover Minimum of Rs 5, 000 / -
More about the concept of START UP as part of this course ....
The Start up students launch in this course may not be the ULTIMATE / DREAM Enterprise that they want to start in their future.. Idea is not to make the future enterprise of yours make happen now it self.
Purpose of starting a start up as part of this course is it to make the students to understand, to know what a start up will look like.
' Enterprising that can be done as part of a course'is the single most important principle will be taken in to consideration
- Deliberately, students will be assigned to start - Small, tiny, tenable startups rather than big, mighty, huge enterprises which are generally found NOT possible to be implemented by student entrepreneurs. It is not the size and scale that matter most for effective learning.. Rather enterprising activities having long and complete VALUE CHAINS in an enterprise are preferred. ) C. Launching NITIE Allumni Enterpreneurs Annual Meet:
This course students are assigned to launch NITIE Allumni Enterpreneurs Meet during Feb / March months at NITIE. CIE and Empressario groups will also support this initiative of by NITIE enterpreneurship course students. This meet will become annual event and every year NITIE Allumni enterprneurs will be invited to NITIE students will benefit from the interaction with such allumni.
D. Final End Term Exam : 40 marks
Assignment Submission: Students are expected to submit the following assignments. ON LINE
1. My TEN square meals earning experiences - Entrepreneurialopportunities, Enterprising competencies,
2. Experiencing of launching my own startup
3. E Plan for my Startup 4. Registration of a Start up
TIE Mumbai Videos:
Paresh Masade -
Founder, Coherendz wrote this mail to current students..
Dear Rahul,Please forward my mail to all the students of IE batch.
Wish this mail finds you looking out for how to spend time effectively, am sure module 3 is when you get lot of free time.
To introduce myself, I am Paresh Masade, your senior (IE 37), working on to build the product company called - Coherendz.
I started that while i was at campus and took it full-time after NITIE.
I came to know from prasad sir is that none from IE have shown interest
in Entrepreneurship Development Course, it was very disheartening and
so i thought of writing mail to you guys sharing my experience.
I am sure there would be many of you who want to
start a company, sometime in future, and there are many who should be
looking for a good placement. For either of you, this course is a real
kickoff and a must opt in. I have put down the thoughts on why should
you start a company while you are in campus...
Best time to try out things, learn from experience.
running a company cannot be thought, there can be no classroom
knowledge that will replace your experience in working in startup. Given
that most of the startups fail, and real learning comes from failure,
it would be an opportunity for you to experience failure. Campus is the
best place to fail, once you are out, it would be much costlier to fail.
What it takes to build a company is ability to be resilient, being
resilient can only be experienced. So, if you wish to start in future,
sure do that after taking a job, but its worth experiencing it now.
Helps in skills and placements.
i have known, seek entrepreneurial job seekers. I was short listed in 7
companies for interviews based on my resume. I missed jobs as i was
probably too frank in saying that i will stay with them for about couple
of years. Companies are always looking for people who can come up and
take up leadership positions. The salaries of over a million rupees are
offered only because they feel we have the ability to take initiatives.
And an initiative like starting a company on your resume would boast
about your leadership skills.
So, even those seeking better placements, it would be a real add on.
from that you get the first hand experience of subjects you learn,
right from marketing management, finance to HR. You will understand what
it takes to keep people motivated (HR), you will innovate on ways
to position and market your product. You will learn what it means to
lead a team/ work in a team. Be it supply chain or anything, you will
understand that none of what you learn in books at NITIE can be directly
You will become more confident,
best of my experience in working on a startup is it made me more
confident, what startups give you is lot of challenges and as you work
on them they make you stronger, it gives you the belief that however big
the problem be, you will be able to find out a solution and not give
up. A quality that will stay with you rest of the life.
So guys, go ahead and opt for the course, it will be the best experience for you.