On 3rd April 2023, MET Institute of PGDM held a workshop titled ‘Process Design and Development’ to help students understand the concepts of entrepreneurship. Mr. B. R. Venkatesh, Independent Entrepreneurship Trainer and Mentor, along with his wife Ms. Tejasvini Venkatesh, coordinated the workshop as the guest speaker.
To start the session, Mr. Venkatesh divided the students into six groups and assigned them to the first activity, which involved brainstorming and coming up with answers. This activity was designed to teach the students about communication, teamwork and public speaking. He then moved on to another activity that focused on the meaning of the word IDEA in the context of a startup and how it can be broken down into different aspects.
During the workshop, Mr. Venkatesh shared a Guru Mantra for a successful startup, "If you focus on your startup for the first 3,000 days, it will make you successful for 45,000 days”. Ms. Tejasvini took over the coordination of the second activity, where students were given a newspaper and asked to read the headlines and look for business ideas. The students learned that even a single headline can provide them with numerous ideas.
The workshop continued with an activity that emphasized the importance of observation in generating business ideas. Students were asked to walk around their surroundings outside the classroom and come up with as many business ideas as possible. This activity helped the students to appreciate the value of teamwork and generated many unique and brilliant business ideas.
Finally, the students were given a brainstorming task to find out how many businesses were running because of them. Through this task, they learned about the importance of financial management, doing a thorough research and peer-to-peer learning in solving problems. Overall, the workshop provided the students with valuable insights into teamwork, idea generation, communication and the essential aspects of any successful business.