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Aju john - Global Entrepreneurship Week -Bangalore
- 1. SOCIAL ENTREPRENEURSHIP opportunities in EDUCATION,TRAINING & CSR space Aju John IRMA Alumnus Business Head, Teach70
- 2. Objectives… • SOCIAL ENTREPRENEURSHIP with examples • Entrepreneurship pointers • Contemporary Gyan • Opportunities in EDUCATION, TRAINING & CSR space • An opportunity/invitation to partner with us!
- 3. Social entrepreneurship • Social entrepreneurship is the attempt to draw upon business techniques to find solutions to social problems • Social entrepreneurs are individuals with innovative solutions to society's most pressing social problems. They are ambitious and persistent, tackling major social issues and offering new ideas for wide-scale change
- 6. Entrepreneurship pointer • You need to figure out/dig out the framework for your Business/Industry
- 7. Examples of 2 of my IRMA batch mates who are award winning Social Entrepreneurs & lessons from each case…
- 11. Arindam Dasgupta • “There were two paths in front of me. One went to city and another to village. I selected the village road which was very new and unknown for me but I thought there were lots of opportunity for me in this path. On my decision people laughed at me saying you are mad on selecting this path. Today I am known for my Arecanut leaf plate initiative”
- 12. Entrepreneurship pointer • Spotting opportunity, creating organizations/teams/systems/channels for business, creating visibility, showcasing unique aspects
- 15. Entrepreneurship pointer • Partnership is important • Strategic Management perspective is important, especially from Funder’s point of view
- 16. Some related Gyan…from 3 contemporary books which are best sellers & the basis of all-VUCA Economy!
- 18. The Lean Startup: HowToday's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses-Eric Ries • Startup -dedicated to creating something new under conditions of extreme uncertainty-1 man/group of professionals in a Fortune 500 • Common denominator- mission to penetrate uncertainty to discover a successful path to a sustainable business • Inspired by lessons from lean manufacturing, relies on: – “validated learning,” – experimentation, – shorten product development cycles, – measure actual progress & not just metrics, – learn what customers really want. • It enables a company to shift directions with agility & alter plans if needed real-time • Instead of elaborate business plans, way to test their vision continuously, to adapt and adjust before it’s too late
- 19. The Lean Start-up Process - Diagram
- 21. The Hard thing about Hard things (Building a Business when there are no easy answers) by BEN HOROWITZ Peace-time CEO War-time CEO Eric Schmidt Larry Page John Chambers Andy Grove Steve Jobs What aboutYou? Let us analyze together
- 22. Peacetime CEO Wartime CEO knows that proper protocol leads to winning violates protocol in order to win focuses on the big picture and empowers her people to make detailed decisions cares about a speck of dust on a gnat’s ass if it interferes with the prime directive (details- Jobs example) builds scalable, high-volume recruiting machines does that, but also builds HR organizations that can execute layoffs spends time defining the culture lets the war define the culture always has a contingency plan knows that sometimes you gotta roll a hard six knows what to do with a big advantage is paranoid strives not to use profanity sometimes uses profanity purposefully thinks of the competition as other ships in a big ocean that may never engage thinks the competition is sneaking into her house and trying to kidnap her children
- 23. Peacetime CEO Wartime CEO aims to expand the market aims to win the market strives to tolerate deviations from the plan when coupled with effort and creativity is completely intolerant does not raise her voice rarely speaks in a normal tone works to minimize conflict heightens the contradictions strives for broad-based buy-in neither indulges consensus building nor tolerates disagreements sets big, hairy, audacious goals is too busy fighting the enemy to read management books written by consultants who have never managed a fruit stand trains her employees to ensure satisfaction and career development trains her employees so they don’t get their asses shot off in the battle has rules like “We’re going to exit all businesses where we’re not number one or two.” (GE –CC) often has no businesses that are number one or two and therefore does not have the luxury of following that rule
- 24. My own take on above with reference to Social Entrepreneurship • A mix of Peace & War time styles might be required- depending on the environment- both internal & external, the book is written more from a tech-start up point of view & not from a Social Entrepreneurship angle • Since most of the Social Ventures will have people who care about Social causes, an empathetic approach might be advisable to relate with them as well as the cause
- 25. From Zero to One (Notes on Start ups) by Peter thiel For the 4th option ofTAKE OFF- Use ofTechnology & You need to Make IT HAPPEN!
- 26. Opportunities in EDUCATION, TRAINING & CSR space
- 27. Opportunities in EDUCATION,TRAINING & CSR space • Education- Schools: – GEM schools, Pearson Schools, International Schools- Conglomerates – Partnerships -T.I.M.E. and similar players running the academics – Identify & connect • Education- B-Schools: B-school consultants – 200 B-Schools in 2000 to 4000 B-Schools in 2010 to 1000 B-Schools in 2015 – AICTE/UGC, B-School Rankings, Faculty & Research, Students- admission & placements, Industry Interphase
- 28. • National Policy on Skill Development and Entrepreneurship 2009 & 2015 • Ministry of Skill Development & Entrepreneurship (MSDE) – National Skill Development Agency (NSDA) – National Skill Development Corporation (NSDC) –PPP – Sector Skill Councils (SSC) – National Skill Development Fund – National Institute of Entrepreneurship and Small Business Development (NIESBUD) – Indian Institute of Entrepreneurship (IIE) Opportunities in EDUCATION,TRAINING & CSR space
- 29. CSR Clause
- 30. Forms of organizations which can accept CSR fund for implementation from other companies • Trust • Section 8 Company • Society • Foundation • Section-25 Company (old companies Act)
- 31. Company (Figures in Rs. Cr) Revenue Avg. PAT Actual Spend 2% of PAT Difference Tata Steel 135,976 3,895 146 78 187% Jaiprakash Associates 15,651 1,396 47 28 168% Hindustan Petroleum Corp 195,891 1,118 27 22 123% Jindal Steel & Power 22,473 3,184 88 76 116% JSW Steel 36,964 1,569 32 31 103% MMTC 67,023 129 3 3 100% Oil India 17,215 2,988 50 60 83% Hero Motocorp 25,235 2,179 33 44 75% Larsen & Toubro 64,960 4,818 70 96 73% Gail (India) 44,861 3,891 54 78 69% Reliance Industries 368,571 21,138 288 423 68% Steel Authority of India Ltd 51,428 5,153 61 103 59% Indian Oil Corporation 442,459 7,783 83 156 53% Coal India 78,410 11,759 119 235 51% Leading CSR spenders among top 100 Indian companies
- 32. Education isThe Main CSR thrust area
- 33. Rough estimate of total spend… Quoted from, ‘Mapping education initiatives of 100 companies with largest CSR budgets-Samhita, 2015’
- 34. Challenges? • UNORGANISED SECTOR & NEW LEGISLATION! • Identification of right partner development organizations (NGOs) with required compliance mechanism in place • Identifying companies that are looking for CSR spend • Match-making & monitoring
- 35. Teach70 • An entity which combines many of the learnings above • Which focuses/boundary conditions: – Target segment-digitally unreached 70% – Skill training & Education – Scalable – Technology enabled learning & assessment – Not teacher dependent • Full owned subsidiary of Madura Micro Finance- (erstwhile Bank of Madurai –was headed by Dr. K M Thiagarajan), now headed by his daughter Dr. Tara Thiagarajan
- 36. Current status… • Present in 2 states – TN & now KA • NSDC partner • 50+ learning centres (all-company owned) • 4 courses- 1 running currently and 3 at various phases of testing and development- all based on MR with TG • NGO tie-ups initiated WIP: • Technology enabling from start to finish • Adding franchisees/NGO partners • Corporate tie-ups for Marketing/CSR • New courses/up-gradations
- 37. Horizon… • In 10 years, a network of 1000+ rural learning centres across India (80-20 ratio), • With seamless tech-enabled processes, • Having 100+ courses that are of use to the rural populace, • That can act as a platform for taking any useful learning content in local language to this TG, • With certifications that enable people to get jobs/skilled
- 39. An MBE Session…
- 40. • Set Up for Srishti Aadhaar Card Enrollment and Authentication. Teach 70 – Srishti App
- 41. Teach 70 – Srishti App
- 42. • Microsoft QCards App for Attendance, Assessment & Results. Teach 70 – Microsoft App
- 43. Teach 70 – Microsoft App
- 45. How can you partner with us? • Help us identify more NGOs/franchisee partners • Get us more corporate tie-ups for Marketing • Connect us to CSR departments in companies • Become a content partner/developer • Become a volunteer (various options)
Editor's Notes
- Unofficial Definition- Social Impact (service) + make a living! – increasingly seeing this category… Social service + make money = best of both worlds!
- Social and environmental entrepreneurship Social & Environmental Enterprise Development
- SRTT- Sri Ratan Tata Trust, Sir Dorabji Tata Trust (SDTT), Humanist Institute for Development Corporation (HIVOS), Cooperative Development Foundation (CDF), Friends of Women’s World Banking (FWWB), GIVE India, GMR Airport Authority Pvt Ltd
- SM- funding, terminologies, green, PICTOGRAPHY
- It’s become a trendy managerial acronym: VUCA, short for volatility, uncertainty, complexity, and ambiguity, and a catchall for “Hey, it’s crazy out there!” It’s also misleading: VUCA conflates four distinct types of challenges that demand four distinct types of responses. That makes it difficult to know how to approach a challenging situation and easy to use VUCA as a crutch, a way to throw off the hard work of strategy and planning—after all, you can’t prepare for a VUCA world, right? Actually, you can. Here is a guide to identifying, getting ready for, and responding to events in each of the four VUCA categories. VUCA is an acronym used to describe or reflect on the volatility, uncertainty, complexity and ambiguity of general conditions and situations. The common usage of the term VUCA began in the 1990s and derives from military vocabulary[1] and has been subsequently used in emerging ideas in strategic leadership that apply in a wide range of organizations, including everything from for-profit corporations[2] to education The deeper meaning of each element of VUCA serves to enhance the strategic significance of VUCA foresight and insight as well as the behavior of groups and individuals in organizations.[4] It talks on systemic failures[5] and behavioral failures,[5] which are imperative to organizational failure. V = Volatility. The nature and dynamics of change, and the nature and speed of change forces and change catalysts. U = Uncertainty. The lack of predictability, the prospects for surprise, and the sense of awareness and understanding of issues and events. C = Complexity. The multiplex of forces, the confounding of issues and the chaos and confusion that surround an organization. A = Ambiguity. The haziness of reality, the potential for misreads, and the mixed meanings of conditions; cause-and-effect confusion. The concept of a VUCA world — one that is volatile, uncertain, complex, and ambiguous — was introduced by the U.S. military as the Cold War ended and as the United States looked out over the emergence of a multilateral, rather than a bilateral, global landscape.
- A core competency is a concept in management theory introduced by, C. K. Prahalad and Gary Hamel. It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace".
- Philosophe Nick Bostrom describes four possible patterns for the future of humanity, as quoted in From Zero to One (Notes on Start ups) by Peter thiel TAKE OFF- Use of Technology & U need to Make IT HAPPEN! That leaves the fourth scenario, in which we create new technology to make a much better future. The most dramatic version of this outcome is called the Singularity, an attempt to name the imagined result of new technologies so powerful as to transcend the current limits of our understanding. Ray Kurzweil, the best-known Singularitarian, starts from Moore’s law and traces exponential growth trends in dozens of fields, confidently projecting a future of superhuman artificial intelligence. According to Kurzweil, “the Singularity is near,” it’s inevitable, and all we have to do is prepare ourselves to accept it.
- http://www.nsdcindia.org/ http://www.skilldevelopment.gov.in/organizations.html Sector Skill Councils are set up as autonomous industry-led bodies by NSDC. They create Occupational Standards and Qualification bodies, develop competency framework, conduct Train the Trainer Programs, conduct skill gap studies and Assess and Certify trainees on the curriculum aligned to National Occupational Standards developed by them. Over 5.2 million students trained 235 private sector partnerships for training and capacity building, each to train at least 50,000 persons over a 10-year period. 38 Sector Skill Councils (SSC) approved in services, manufacturing, agriculture & allied services, and informal sectors. Sectors include 19 of 20 high priority sectors identified by the Government and 25 of the sectors under Make in India initiative. 1386 Qualification Packs with 6,744 unique National Occupational Standards (NOS). These have been validated by over 1000 companies. Vocational training introduced in 10 States, covering 2400+ schools, 2 Boards, benefitting over 2.5 lakh students. Curriculum based on National Occupational Standards (NOS) and SSC certification. NSDC is working with 21 universities, Community Colleges under UGC/AICTE for alignment of education and training to NSQF. Designated implementation agency for the largest voucher-based skill development program, Pradhan Mantri Kaushal Vikas Yojana. Skill Development Management System (SDMS) with 1400 training partners, 28179 training centres, 16479 trainers, 20 Job portals, 77 assessment agencies and 4983 empanelled assessors. Hosting infrastructure certified by ISO 20000/27000 supported by dedicated personnel.
- Mktg-In- product ads/awareness campaign, product demo & feedback, product sampling, MR/Data collection
- NSDC partnership & other partners