Re: [MTC Global] Do you believe the modified version of Pareto's principle holds?

The percent of success not just only one. it might be more than that. However, The result in MSME's sector in India is not encouraging. IF Dr. Subrata is correct, except that 1% , Rest of them(99%) along with all other unemployed must be employed some where to get their lively hood but it was not happened. Thus most of people in India, directly or indirectly are getting lively hood though unorganized MSME's in India after agriculture.

The main problem in India is govt attitude/definition towards MSME's needs to be changed. It must include unorganized sector also.

As far as academic programmes on this aspect is concerned, we can only teach and create awareness on the topic of entrepreneurship in small business in the minds of young people to the extent of only one per cent. Field trips, practical oriented teaching, continued internships, learn by doing along with work shops and seminars are the better alternatives to create better professional to do business ventures.Incubators have also to be set up exclusively to promote entrepreneurship in small business.

Prof. Dr. M.V.K. Sreenuvasa Rao

Principal, GITMS, Visakhapatnam.

On Wed, Aug 6, 2014 at 12:54 PM, Virendra Goel <goel.virendra@gmail.com> wrote:

If Mr. Vemuganti would recall, we had once started a drive to compile few stories of corporate and/or industrial failure and I had shared my own story but there was no further response.

Regards

Virendra Goel

 

From: join_mtc@googlegroups.com [mailto:join_mtc@googlegroups.com] On Behalf Of Ramesh Vemuganti
Sent: Tuesday, August 05, 2014 7:00 PM
To: join_mtc
Subject: Re: [MTC Global] Do you believe the modified version of Pareto's principle holds?

 

99% of entrepreneurial ventures are not failures.
Absolutely not.
Around 5% are successful,5% are doing very well;

8 to 10% are doing well,  15 to 20 % are able to survive & carry on.

If 99% are failures, around 1 crore Indians will remain unemployed & India
would become another Argentina or Greece sometime ago.

It is around 60% of ventures which are failures.
Yes - Why they do fail? Can we stop this? What are the remedies ??

Not theoritical, what we teach to students of Entrepreneurship in PGDM/ MBA;
but from the practical angle.

If a person who started an enterprise has not taken off, where did he falter?
He must share - from horse"s mouth??

regards

Ramesh Vemuganti

 

On Tue, Aug 5, 2014 at 3:28 PM, Dr.Subrata Chattopadhyay <subrata1chattopadhyay@gmail.com> wrote:

Dear Prof. Datta,

                                                         With your
kind permission just thought to think aloud with the group. Would be
grateful if the learned members throw some light upon it.:

99 % of the entrepreneurial journeys are failures; 1% succeeds
........it needs to be scaled up to 20% for gaining industry
balance....So that 80% of the people can work in 20% of the
ventures....a modified version of Pareto's principle that I thought of

--
Warm Regards,

Dr. Subrata Chattopadhyay
M.Sc Physics(C.U),PGDCA,MBA,PhD- Management Studies
(ISM,Dhanbad),Certified Management Teacher-MTC Global

Associate Professor & Head-Corporate Relations, Future Institute Of
Engineering and Management,Team Future, www.teamfuture.in
Mob: 09836107275/09830632572
Dir:033-24348230
Fax:033-24345641

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