Mentorship Session For Innovation & Entrepreneurship
7th January 2020
Dronacharya College of Engineering, Gurugram under the flagship of MHRD Innovation Cell, organized a mentorship session on "Innovation & Entrepreneurship" on 7th January 2020 at college campus. Students from CSE, IT, ECE, ME Department participated in the session.
The objective of the session was to discuss entrepreneurship, its process and benefits,
The welcome speech was given by student Mr. Sachin Kumar. Then Mr. Amar Saraswat, Assistant Professor. Prof, IT Department, discussed the barriers of entrepreneurship which included Entry, Exit and Growth Barriers. He also discussed about the importance for creating large number of start-ups for the economy of India.
Mr. Saraswat also explained about the basic difference between Enterprise, Entrepreneur and Entrepreneurship and how to create value and understand opportunity. He said, an entrepreneur is opportunity obsessed with a goal of creating value without regard to resources currently controlled.
Next, Mr. Saraswat discussed about key component of Enterprise Creation Process. He also explained augmenting entrepreneurial supply through inducement, policy interventions, training interventions, provisioning of business development strategies.
Then, Mr. Saraswat engaged the participants into various activities such as 30 Circle Exercise, 30 Square Exercise and conducted a Torrence Test for Creativity. He also discussed Activity Learning Mechanism and its approaches which include Trait based approach, process based approach, and method / skill based approach.
Mr. Amar Saraswat also discussed in detail seven keys to competitive business strategy, which includes analysing strength and weakness, assessing the opportunity, determining the core values, defining end state goals, assessing related risks, implementing the strategy, and evaluating the business strategy.
In the end there was a question and answer session were students cleared their doubts.