Showing posts with label Entrepreneurship. Show all posts
Showing posts with label Entrepreneurship. Show all posts

Saturday, February 3, 2007

Entrepreneurship!! What should educational institutions do???

Our honourable President A.P.J.Abdul Kalam always stresses on the need for grooming new age entrepreneurs in every address of his with the budding citizens i.e the students of today's generation and the citizens of the future.These thoughts of his has inspired me to think more and blog on the same. Any ordinary man will wonder why entrepreneurship is needed to overcome unemployment problems of our country... But the real fact remains that grooming new age entrepreneurs is the best way to overcome the problems.

With our country having educational institutes like the IITs which produces world-class engineers and the IIMs which boasts about producing the best managers and CEOs, are they really producing entrepreneurs in spite of having the so called "cutting-edge techology"? These premier institutes can do much more than what they are doing!! Every year lakhs of students take the "tough entrance exams" conducted by these institutes and a less than 10% make it into these institutes!!In the final year or mostly in the pre-final year students are absorbed by the top MNCs which offer a six figure salary much to the happiness of the Indian students who don't think beyond this six figure salary they are offered.The rest is history wherein the IIT or IIM passout is transferred to some foreign country which is the apt example for brain drain!!! Why don't our youth think beyond these.... Do they think of starting their own enterprises (atleast at some point of time) rather than being an employee throughout their lives? Very few poeple start their own enterprises. What about the rest who are trained so meticulously in every key area? Perhaps the scenario should change for the good where the passouts think of entrepreneurship on a long term basis.I personally would say that the IITs and IIMs are successful only if 65% students of a particular batch start off their own companies giving employment to atleast 10 people in the beginning stage.

Is it the mistake of the students who don't become entrepreneurs?? Certainly not!The very basic fact remains that students need to be taught about the need for entrepreneurship in their early stages of life. Every mother asks her child whether he wants to become a doctor or an engineer or a lawyer but never an entrepreneur!! Yes, every mother is proud when her son or daughter graduates as a professional. Whose success is that? An individual graduating out of a professional college pens a success story only for him and his family, but an individual who provides employment carves his own niche in the society.He is a saviour for those in need of a job.

All premier institutes should not only provide quality education but also produce net worthy individuals who have entrepreneurial qualities in them.They should be aware of the impending needs of the country. They should have value based education which streses on the awareness of the individuals' strength, weakness, opportunities and threats. Institutions should start their own club or a network that can actively create awareness about entrepreneurship. Every student of this nation should aspire to develop world class industries in various industrial sectors!!!

More postings to come on various topics!!!Wait n watch!!