As we have seen in earlier blog part 1, the creative thoughts are! Adaptability, flexibility, risks, and problem-solving. Along with that, we have also discussed creating an innovative culture.
In this blog part 2, we will discuss entrepreneurship in an educational canvas and its real-world stories. Also, we will see the ethics and innovation yardsticks of entrepreneurship.
Entrepreneurship in the Educational Canvas:
Academic institutions play a crucial role in forming the mindset of entrepreneurs. They achieve this by arranging practical events like internships and contests, introducing entrepreneurship into the curriculum with ease, and giving students access to knowledge banks and mentorship programs.
These establishments cultivate connections with business executives and fellow scholars, fostering an expansive mindset that welcomes challenges and disappointments. Making ethical decisions is very important in the field of entrepreneurship. The retelling of alumni success story acts as a wellspring of motivation for current students.
A multidisciplinary approach also fosters the exchange of different perspectives, which stimulates creativity. These organizations function essentially as incubators, providing the budding business owner with the information, tools, and encouragement they need to succeed in the competitive market.
Real-World Entrepreneurship Stories:
Renowned Indians like Ritesh Agarwal and N. R. Narayana Murthy are excellent examples of how educational institutions facilitate the development of an entrepreneurial mindset.
The founder of OYO Rooms, Ritesh Agarwal, gained vital knowledge from his study abroad experience at the Indian School of Business (ISB), where he had access to a wealth of resources, networking opportunities, and mentorship. His business acumen was shaped by the ISB's entrepreneurial training and industry leaders' guidance, which helped OYO Rooms rise to its current prominent position in India's hospitality sector.
In a similar vein, Infosys co-founder N. R. Narayana Murthy emphasizes the lasting influence of his academic background on entrepreneurship. His graduation at the Indian Institute of Technology Kanpur (IIT Kanpur) gave him a strong background in innovation and technology. His early years at IITs prepared the way for Infosys, a global leader in IT services, to rise quickly. Indian universities such as ISB and IITs not only impart knowledge but also nurture entrepreneurial aptitude, empowering entrepreneurs to create a worldwide influence.
Technology and the Innovation Vanguard:
In the modern digital era, technology acts as a powerful stimulant for innovation. Entrepreneurs utilize state-of-the-art instruments and systems to connect with their target markets, optimize processes, and create distinctive value offers. It is essential to keep up with the most recent developments in technology to foster innovation.
Ethical Entrepreneurship:
Although innovation is unquestionably important, moral issues shouldn't be ignored. Sustainability, social effect, and ethical company practices are prioritized in ethical entrepreneurship. Entrepreneurs have to pursue their goals with unwavering determination and a strong desire to leave a positive legacy on society.
The Innovation Yardstick:
Measuring innovation is a fundamental benchmark for assessing advancement and making wise choices. Measures such as the number of patents filed, the money made from new products, and customer happiness are used as a compass to guide the innovation ship in the proper direction. Ongoing evaluation guarantees that innovation stays a primary strategic priority.
Developing an entrepreneurial attitude is essential for opening up new opportunities and transforming the future, regardless of whether you're a student navigating the halls of Dr. D. Y. Patil School of Science and Technology, one of India's top engineering schools, or an aspiring business owner. Remember that innovation has no boundaries and that, with the correct attitude, you can make a positive impact on a society that values imagination and progressive thinking.
Remember that Dr. D. Y. Patil School of Science and Technology has an Entrepreneurship Cell devoted to fostering an entrepreneurial attitude as you set out on your entrepreneurial journey. It provides priceless tools and resolute assistance to help you bring your creative concepts to life. If you adopt an entrepreneurial mindset, you could become the next great figure in the history of innovation and entrepreneurship.
Put your entrepreneurial mindset to the test by making the decision to enroll in a program specifically focused on entrepreneurship.
Author
Mr. Mahesh Narayan Karad
Admission Officer
Dr. D. Y. Patil Vidyapeeth
Dr. D. Y. Patil School of Science and Technology, Tathawade, Pune
Email: mahesh.karad@dpu.edu.in