Business News | Entrepreneurship & Competence Development: – Ability leads to performance

New Delhi [India]Nov. 29 (ANI/SRV): Mumbai witnessed the exchange of views and to make this event more meaningful and impressive, Mangal Prabhat Lodha, Minister of Tourism, Skills and Entrepreneurship and Women’s and Children’s Development, Government of Maharashtra, was the chief guest .

The interactive fireside chat was hosted by special guests: Nirmal Jain, Founder and Chairman of IIFL Group, and Vijay Chandok, MD and CEO of ICICI Securities and member of Thought Leaders of India; The session was moderated by Alex Mathew, Associate Editor of BQ Prime.

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In his welcome address, Rishi Kapoor, Partner & Business Head at Sapphire Connect said, “Thought Leaders of India recognizes and honors each individual for the best and brightest entrepreneurial and business success.

The exclusive engagement will play host to business leaders, entrepreneurs, investors and policymakers as we grow from a 70-member fraternity to the current 300 members.

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Startups are the new movement; a little spark becomes one, and many start with a stimulus and soon fade as they need help understanding the importance of honing the right skills. Skills development is a mandatory field that our Indian government is also focusing on and has established skills development programs at different levels for different areas.

Mangal Prabhat Lodha mentioned in his speech that in today’s world taking time away from others and putting it back into society is only through ethics and ethos, our country India is an ocean of culture, character and integrity.

Regarding skill development, Mangal Prabhat Lodha motivated thought leaders to open centers of excellence for their respective skills and incubation centers.

During the interactive session on Entrepreneurship vs. Intrapreneurship, Mathew spoke about the Indian population and its growth in diversity. Also, what is soon to be the most populous country in the world had shown everyone the silver lining by mentioning the fact that India has the lowest median age, ie between 15 and 29, when it comes to entering the workforce, viz are mainly entrepreneurial, perhaps more interested in starting businesses.

When asked, Nirmal Jain said he had a different context, “because we were 28 years ago, things were different, capital wasn’t readily available like it is today and there was a stigma of failure. However, the US has always been a fertile land for opportunity, but today the scenario has changed; India too has grown globally, technology has integrated, there is motivation and entrepreneurs are excellent and foreign capital is available and this is the force that will propel India to grow faster. “

Chandok added that “besides the stigma of failure, the ability to fail didn’t exist, people looked for better jobs to live a better life than what they had led.” He could agree with Jain’s words that the Youth is not desperate, well-being is much better and can take risks, capital is there, opportunities are plentiful, and liberalization has happened. Technology also allows for a leap, you can move things very quickly, and with that the whole thing Environment has become friendlier and India is much better positioned today.

What is intrapreneurship? When asked, Chandok said it was a state of mind; for intrapreneurship in an organization, the leader and their attitude matter and must create an environment conducive to entrepreneurship; The facets should be empowerment and error tolerance, intrapreneurs should also understand the consequences of mistakes.

The entrepreneur’s advantage is the ability to create something that never existed, and he said ICICI was once such an organization. To this, Nirmal added that with today’s change in approach, employees are also stakeholders and the thin line between entrepreneurship and intrapreneurship is blurring and employees are now being hired under a partnership model, which is becoming a great motivating force.

The discussion was very informative and the challenges of the past were discussed. It also touched the pie for entrepreneurs in the present with readily available resources in terms of funding, ideation and motivation.

Today’s self-motivated youth are enthusiastic about endeavors as they like to excel. Every business needs “Sustenance & Survival,” as rightly expressed by the panelists, who have accumulated nearly three decades of experience sailing and embracing the changes.

This story was provided by SRV. ANI is in no way responsible for the content of this article. (ANI/SRV)

(This is an unedited and auto-generated story from the Syndicated News feed, LatestLY staff may not have modified or edited the content.)

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