Dr Ajay Batra, Bennett University; Column on Indian Entrepreneurship
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Dr. Ajay Batra, Head, Centre or Entrepreneurship Education, at Bennett University shares his expert column with Careers360 on the topic of Indian Entrepreneurship. He shares how entrepreneurship has established itself as a domain in India, and the perception and facts behind it.

He further talks about the pro-activeness of government in this filed and the opportunities that the entrepreneurs can grab on. Read Dr. Ajay Batra’s expert column below:

 

The buzz around entrepreneurship is everywhere. Startups make headlines every day; the Unicorns ($1bn valuation) are celebrated; Startup innovations are recognized. The government certainly has become very proactive - for the first time in India’s history, we have a separate ministry of entrepreneurship. Besides this, there was the Startup India campaign launched by the PM some time back. Entrepreneurship is truly an exciting domain in India today.

 

This creates a perception that startups/entrepreneurship is a sunshine, Greenfield, or new area. This is not true.

 

The fact is that ‘startups’ is just a fancy word. When an Infosys or a Wipro started up 25-30 years ago they didn’t quite use the term ‘startup’; but they were startups nevertheless. Before them, there were the industrial houses like the Tatas, the Mahindras besides the whole host of small entrepreneurs that we don’t perhaps talk about or know about or cover in our media. Entrepreneurship has always been India’s mainstream. Startups have been the way to live in India albeit at a small scale. The Indian social and economic context is challenging; everyday challenges of life require us to think differently. So, there is no way but to innovate out of it and startups have been at the forefront of this innovation. Given our history and need for developing enterprise, entrepreneurship is not just natural but a necessity.

 

The other thing peculiar and inherent to Indian entrepreneurship is this psyche of ‘jugaad’ or frugal innovation if you want to use a formal term. This is not necessarily a good thing because ‘jugaad’ is often associated with “unethical” shortcuts for narrow and personal gains.  At the same time, I think that streak of innovation is embedded in our DNA and that it can be harnessed for the larger good, for innovation that serves society and solves some of the many complex problems that we have. I feel there is the need, there is the skill set and we are moving in that direction.

 

So is entrepreneurship a sunshine area? No. Is the focus on entrepreneurship and startups something new and interesting? Yes. Is it grabbing the fancy of most urban metro places? Yes. Is it really getting an excitement going in our Tier 2 cities and rural areas? Perhaps. And that is what needs to change. For innovation and entrepreneurship to become a national movement, a lot more needs to be done. We have only just begun to encourage this wave and much more needs to be done to support startups, especially ones that solve larger societal problems.

 

Another popular perception is that entrepreneurship is related to youth. This is actually a fallacy. If entrepreneurship is about thinking differently, asking “why not” and not just asking why, about being solution oriented rather than problem focused, about being a little crazy, if you will, about challenging the norms and being able to not just dream big but actually implement it then every job is entrepreneurial. Remember, there is no restriction; there is no socio-economic divide; there is no age to be entrepreneurial. As Mohd Yunus, the Noble Peace Prize winner said, “Everyone is an Entrepreneur”.

 

Entrepreneurship education has to start with the basics. It is not about teaching how to start a business or creating a business plan. In fact, we could be teaching sociology, physics, history, engineering or any other subject. Our first job is to build the foundational skill set that unfortunately our schooling system has failed to do. This has to do with developing independent, critical, creative, analytical, and non-cognitive ways of thinking. This will help you to answer questions like: What do you want in life? What excites you? How are you working on yourself? How do you get along with others? Essentially, we should not mean to teach entrepreneurship in our university. What we should be teaching people is how to think, behave or act like an entrepreneur. To discover yourself. Naturally, this way of thinking is equally relevant whether you intend to be an entrepreneur or you just want to be a more effective employee. Just like we advise budding entrepreneurs to focus on the basics of building great businesses, similarly, our focus on entrepreneurial education should be to develop foundational capacities in students to have the courage to change the world.

 

 

Stay tuned to www.bschool.careers350.com for more news and updates

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Questions related to Bennett University, Greater Noida

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24 Views

which is better cse at nit meghalaya or ece at bennett university for beech?

Dipesh Mann 6th Sep, 2019

Hi,

This mainly comes down to your interest.

Comparing the colleges, both colleges are decent in their own aspects.

NIT Meghalaya is relatively newer, however being an NIT, you will be receiving good academics and placements there.

Bennett Uni. is also not behind in terms of infrastructure, decent academics, etc.

So, basically it comes down to your interest, whether you want to pursue CSE or you have interest in ECE subjects.

You could google some reviews about both colleges to get a better idea about it.

Good luck.

35 Views

How is gl bajaj in comparision with bennett university for btech?

Saksham Selwal Student Expert 10th Aug, 2019

Hello Ankit,

Both GL Bajaj Institute of Technology and Bennet University are good and well-reputed colleges for pursuing your career in B. tech. The faculty at both the college is pretty good and you won't complain about it. The main thing about comparing 2 colleges are placements and quite frankly, the placement score of Bennet University is a lot better as compared to GLBIT. Companies like Intel, Tata, Foodpanda, H&M, Hindustan Unilever Limited, etc. visit the campus regularly.

All The Best.

26 Views

Which is better gl bajaj or bennett university ?

Shreyansh Agarwal 9th Aug, 2019

AS a university, obviously, GL  Bajaj  is a college, whereas Bennett is a complete university ,

but I think you are asking for BTech,

Bennett offers you 100% placement.

but it all depends on you, whether you live near Bennett university .or near gl BAJAJ 

I hope my answer helped

62 Views

Which is better for btech either eic at thapar or ece at bennett university?

Shivangi Chauhan Student Expert 16th Jul, 2019

Hello,

Both the colleges are good in their own way. 

You should according to your need and expectations from the college. 

Here i am making the comparison between the two colleges. 

BENNETT UNIVERSITY : 

There is no good placement record in the college as it had started two years back, but placements are expected to be  great in the next few years(2020_2022). There is a placement career management staff to take care of everything regarding placements. I hope placements will be very good in future.

Infrastructure: The infrastructure of the college is good. Their maintenance is also good.

Thapar University:

The University is not affordable, its very expensive .The fee structure is on the expensive side at Thapar University.

The placement at the campus is good.

The hostels are good. The University has 12 hostels.

The faculty team available is generally doctorate-qualified and is well-versed with the subject they teach. They usually give knowledge about the latest technology which we are working with and some extra knowledge too.

Hope  you will now be able to choose best for you.

Good luck! 

56 Views

How is placement at bennett university

Kashish juneja Student Expert 12th Jul, 2019

Hey,

bennett university is a really great college. The average package is around 7.5 lakhs per annum. The highest package is around 9.5 lakhs per annum. The college also provides internship opportunities to the students. Companies like kotak MAHINDRA Bank, yes bank, axis bank,etc visit the campus for recruitment.

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