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Overcoming Challenges for MSME Sustainability
1.
2. Before going on topic
Lets recall on a topic with an interaction…???
1. Entrepreneurship?
2. Entrepreneurs?
3. Businessmen/Businessperson?
4. Difference between Entrepreneurs & Businessmen?
3. Entrepreneurship is a dynamic process of vision
change and creation. It requires application of
energy and passion towards the creation and
implementation of new ideas and creative
solutions
•
11/15/2022
4. The Entrepreneurial Process
The Entrepreneurial Process Consists of four Steps
Step 1: Deciding to become an entrepreneur
Step 2: Developing successful business ideas
(Opportunity, Feasibility, BMC, Business Plan)
Step 3: Moving from an idea to an entrepreneurial firm
Step 4: Managing and growing the entrepreneurial firm
7. What is a Hackathon?
A hackathon is an innovative
workshop where people
come together to build a
concept on the problem with
a sustainable solution.
8. INTRODUCTION
• What is it?: A planned event where groups are made up of both
technical and experts.
• Process: Experts should get together to collaborate intensively on
specific emerging problems by creating some innovative solutions.
• Purpose: To design, build and present the most innovative and
applied (real-world) solution to the existing problem, and then pitch a
final concept with model example.
• Challenge: Please keep in mind that you have limited resources and
you shouldn’t neglect different external factors like policies and so on
as per subject and context of your hackathon activity.
9. Tips to prepare your
Hackathon
• Find Teammates. The first essential thing surely is finding teammates
as per the instruction of trainers.
• Brainstorm for ideas.
• Find References.
• Research on the case background.
• Find the Sustainable Solution on case reflected.
• Think about the purpose of implementing.
10. Case
What are the major problems for micro, small and
medium-sized enterprises (MSME) to sustain longer?
Case Background
In Nepalese context, 99% of registered enterprises are micro, small and medium enterprises
and 95% of employment are created by this sector (Central Bureau of Statistics, 2019). The
role of SMEs is significant as it creates jobs, mobilizes local resources and creates wealth.
The business performance of this sector has a large impact on the overall economic
performance of the country but the problem is many MSME could not sustain for longer
period of time and it has devastating effects on Nepalese SMEs, as they are less equipped
with strategies and resources to cope with crises.
Questions:
As an expert, what could be your strategy on the problem faced, impact in economy,
Hurdles for entrepreneurs & special recommendations to the problems…
11. FIND TEAMMATES
• Group Division (max. 4-5 member) per group
Teammates
Ministry of Industry – Representative
Department of Industry – Representative
Association – Representatives
Entrepreneurs – Representative
Financial Institutions – Representatives
12. Hackathon Activities
1. List the major problems, Why this happens?
2. Strategy, How to overcome the problems faced?
3. Hurdles for entrepreneurs, What are the loopholes?
4. Impact in the economy, What changes it brings in economy?
5. Special recommendations by each group on this case
13. Time Slot
• Time to brainstorm on case for 30 mins
• Each group must discuss & prepare points on the basis of HACKATHON
ACTIVITIES allocated
• Presentation by each group representative max 3-4 minutes
• Question /Answer Session (1 minute)