Entrepreneurship is a very fascinating word for all commercial people. It inspires young people to step forward as entrepreneurs. But is it worth it? How many people actually win? Perhaps 20% to 35%, and we get inspired and leave everything and start running behind a dumb idea. So should we quit thinking about Entrepreneurship or should we study and learn from both who lose and win in Entrepreneurship?
Round 1: A senior partner opened the interview with the introductory ‘tell me about yourself’ and a question on one of my previous internship experiences, which was followed by a business case. Case: (Industry: Banking) - A bank had deployed sales force to sell home loan policies, however it didn’t result in an increase in revenues. Analyze the case and identify the reason.
The following is a transcript of the author's insightful talk at InsideIIM's Konversations on Finance Careers, conducted in early 2019.
Back in 1990, Michael Hammer, a former professor of Computer Science at MIT published an article in the Harvard Business Review where he claimed, “Most of the work being done does not add any value for the customers and hence this work should be removed not accelerated through automation.” Companies must, therefore, reconsider their processes in order to maximize customer value and minimize the use of resources.
2020 would see 50% of its workforce comprising of the millennials - a big indication to re-think our existing workplace structure and the work pattern. Procurement presents a classic example. Today, companies are not looking for professionals who will tell them what to buy and from whom to buy. Rather, they are looking for useful insights on what is happening in the market. What are the trends, technologies and who are the emerging players? Managers are now category experts.
"Starting a new job can be nerve-racking, but it's also exciting. You're embarking on a new future, positioning yourself to write a fresh story on a clean slate." – Adena Friedman
For the last 2 months, our entire team was hooked to Zomato. Every other day, different people would order different food online via Zomato. The Zomato Premier League discounts were bae! Zomato probably gained a lot many users due to their Premier League discounts.
