Stay hungry stay foolish book review


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Stay hungry stay foolish book review

  1. 1. Stay hungry stay foolish Ms Rashmi Bansal By:- Kapil Rajput GR No:- 84 Chetan Panara GR No:- 86
  2. 2. About Author• Rashmi Bansal is a writer, entrepreneur and youth expert• She is the author of two bestselling books on entrepreneurship – Stay Hungry Stay Foolish – Connect the Dots – I Have a Dream, on social entrepreneurs, is releasing in Mid 2011• She is co-founder and editor of JAM (Just Another Magazine)• She is a columnist on popular Indian news portal• She is a consultant for international youth research agencies such as The Futures Company (a division of WPP, London ) and Flamingo Research (Singapore )• She has been a guest lecturer at various business schools of repute including IIM Ahmedabad, IIM Bangalore, ISB, S P Jain
  3. 3. What is the book about?• It is about 25 IIMA graduates• Who chose the rough road of entrepreneurship• Diverse in age, in outlook and the industries they made a mark in it• One thing in common: they believed in the power of their dreams• Seeks to inspire young graduates to look beyond placements and salaries• Parts in which story is divided: – The Believer – The Opportunist – The Alternate Vision
  4. 4. Sanjeev BhikchandaniPGP’89
  5. 5. THE BELIEVER About him The birth of a new venture Hurdles on the way to success Milestone “Different people measure success Differently”
  6. 6. Advise by Sanjeev Bhikchandani Be early & do not exaggerate. Get great people. Don’t start business to make money. Spot opportunities. Get smart people. Your choices affect family.
  7. 7. Shantanu Prakash PGP’88Rock with it, Roll with it
  8. 8. THE BELIEVER Family Background Education 1st Company – Delhi Stock Exchange Launch of a new Company Start of EDUCOMP Struggle Educomp’s Revenue
  9. 9. Advise by Shantanu Prakash Risk-reward equation. Business better than job for IIM-A. Do what interests you.
  10. 10. Nirmal Jain PGP’89It’s all about THE HONEY
  11. 11. OPPORTUNIST Mr. Nirmal Jain Chairman & MD 1989-1994 Hindustan Lever Ltd 1994- “Inquire” 1995- “Probity Research & Services Pvt. Ltd. 1995-1999 Tough time 1999- All or Nothing Made profit of rupees 10 lakhs
  12. 12.  Mr. Venkataraman- Co Promoter 2000- Raised $ 5 million Stock Market & NASDAQ crashed 2001-2003 Dotcom Bubble Burst “Paani Chala Gaya” 2003- 7.5 Crores 2007- 160 Crores 2009- 152 Crores
  13. 13. Advise by Nirmal Jain Build a core team. Be prepared to fall. Don’t attach emotions with business. Do job before starting business. Only one leader.
  14. 14. DeepKalra PGP’92 Tripping
  15. 15. OPPORTUNIST Introduction of Mr. Deep Kalra His thought for his MBA degree What make him Learn New Things Idea Generation for Make my Trip.Com Decision making Number of Employees Competitors of the initial stage Identification of Markets Changes are part of every Business Current features of Make my Token of advice to the Entrepreneurs
  16. 16. Advise by Deep Kalra Choose your field very carefully. Plan your funding very carefully. It’s all about people. Make friends at work. Don’t focus too much on exits.
  17. 17. S.B.DangayachPGP’72 A Sense of
  18. 18. The Alternate Vision Introduction. Joined Asian Paints in 1972 at 20 years of age. In 1974, joined Bharat Vijay Mills Pvt. Ltd. New Plastic Venture.
  19. 19. Advise by S.B.Dangayach Convergence between what conscience tells & what you do. Do what your conscience tells you.
  20. 20. Vijay MahajanPGP’81
  21. 21. The Alternate Vision Introduction Sense of addressing to issues of inequality & social justice. Worked with Philips after graduation & joined IIMA in 1981. Worked with N.G.O. like FAIR & ASSEFA. Birth of PRADAN in 1983. Left PRADAN on 31st December,1990. Back to India & shifted to Hyderabad.
  22. 22.  Birth of Basix in 1996. Successful working by 1998-99. Shocking results of assessment study in 2002. Business successful in 2007. Overall Personality.
  23. 23. Advise by Vijay Mahajan Get up & walk every time you fall down. Persist in operational difficulties. Learn from experience, from critics, from competitors, from failures, from summer trainees, from mother-in-law & from regulations. Interacting with our eco-system.