C.K Prahalad Center for Emerging India

The Prof. C.K Prahalad Center for Emerging India, in honour of the legendary management Guru Shri. C.K Prahalad was inaugurated at Loyola Institute of Business Administration, Chennai (LIBA) by West Bengal Governor Mr. M.K Narayan and K.V. Kamath, Infosys Chairman on 8th August 2011. This center will work on the primary premise of fostering Bottom Of Pyramid 2.0, a more democratic model of the initial concept that will view the Bottom Of Pyramid market as co-creators and co-owners. The center will also be an incubator for all aspiring young entrepreneurs to hatch their business plans into robust enterprises. Hence do not miss this chance to be associated with this center, named after the great management guru, to see your dreams fulfilled.

The center plans to undertake research in the areas of strategy, innovation and entrepreneurship and also to create a global knowledge base of ideas, practices and experiences for sustainable development. It will also act as a bridge that connects social entrepreneurs with thought leaders and key players in business and non-governmental organizations. It will also incubate entrepreneurial ideas and research and publish best practices, articles and books.

Go ahead with the ideas that lie cluttered in your mind and come forth with the best business plans for ESPIRE 2011 organized by E-Cell, LIBA, Chennai and get all assistance required from the Prof. C.K Prahalad Center for Emerging India to turn your power point presentations into hard reality.

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ESPIRE 2011

Ever wondered how Facebook was born or Google became the number one search engine?  How did Infosys or Wipro take shape? There are other up-coming names too – Food King, Goli Vada paav, Artin Dynamics and many others. What is common between these big giants and the smaller enterprises that are aiming high? It is an idea, a dream that sparked off the birth of all these enterprises. And it is a passionate passion for their dream that propelled them to achieve whatever they are today.

Do you too have an idea? Do you dream big? If yes, then ESPIRE 2011 is the best platform to present your ideas, nurture them further in incubation centers and finally let them grow big in the vast world. ESPIRE 2011 is the 4th edition of the Pan-India Business Plan Search of the year contest jointly organized by Loyola Institute of Business Administration, Chennai and TiE. It offers you the best chance to exhibit your business idea, convince the crowd that it is going to be a success and receive mentoring by successful entrepreneurs and incubation at the C.K Prahlad centre for Emerging India in addition to lots of cash prizes. There are also chances of you getting funded and also being able to network with venture capitalists and investors.

Come out with a wonderful Business Plan containing the superb idea that has been toying in your head for long and see it take new light. Be the Change.

Registrations are open at – http://www.liba.edu/espire

For Queries mail : info.espire@liba.edu or call 9500043773/9884637271/9003822287

Send in your executive summaries by 15th October, 2011

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How to write a compelling executive summary?

With less than a week to go, for your executive summary submissions, we hope this post gives you a clearer view of how to write THE Executive Summary.

The executive summary is often your initial face to a potential investor, so it is critically important that you create the right first impression. Contrary to the advice in articles on the topic, you do not need to explain the entire business plan in 250 words. You need to convey its essence, and its energy. You have about 30 seconds to grab an investor’s interest. You want to be clear and compelling.

Espire 2010 – Executive Summary Tips

Forget what everyone else has been telling you. Here are the key components that should be part of your executive summary:

1. The Grab

You should lead with the most compelling statement of why you have a really big idea. This sentence (or two) sets the tone for the rest of the executive summary. Usually, this is a concise statement of the unique solution you have developed to a big problem. It should be direct and specific, not abstract and conceptual. If you can drop some impressive names in the first paragraph you should—world-class advisors, companies you are already working with, a brand name founding investor. Don’t expect an investor to discover that you have two Nobel laureates on your advisory board six paragraphs later. He or she may never get that far.

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Road To Success!!

The workshops of Road To Success are happening at full pace. Hundreds of students are benefiting out of this exercise. The first one happened at LIBA in our own auditorium with great entrepreneurs like Mr.Lakshmi Narayanan, Vice Chairperson of CTS and Mr.Ramaraj of TiE Chennai & Sequoia Capital gracing the occasion. The speakers were Mr.Raghu Rajagopal – a serial entrepreneurs of TiE, Chennai, Mr. Chandu Nair and Mr.Swaminathan also serial entrepreneurs and Mr. Jayaram K Iyer our own professor.

Mr.Ramaraj took us through an excellent My Story Session where we learnt his failures and successes and how to step ahead after every fall. It is really a dream come true to have these people of such calibre come to our campus and talk about how to generate an idea, put in paper and implement. Their experience is invaluable and we were able to envision ourselves as entrepreneurs in the future.  What they learned over the years was transferred to us in speech in 2 hours time.

Definitely while they were speaking, there would have been some lights of ideas glowing here and there among students.

Check out the photos on our Facebook Page

http://www.facebook.com/pages/Chennai/Espire/126292247419737?ref=ts

Students from a lot of colleges in Chennai attended the inaugural workshop and went back totally contented. After the first workshop there were four workshops conducted all over TamilNadu with speakers of this calibre.

GRG School of Management Studies – Coimbatore

Kalaignar Institute of Technology – Coimbatore

SKP College of Engineering – Tiruvannamalai

SRM University Vadapalani Campus – Chennai

Immediate Workshops –

  1. SRM Kaatangulathur – Wed – 29/10/2010
  2. Madras University – Wed – 29/10/2010

There are more coming up. Keep watching this space.

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NEN joins ESPIRE 2010 – Trio becomes Awesome Foursome

We are back with an awesome new.. We have the fourth and the energetic partner who has joined in recently to sweep through all the colleges in the country!! Guess who?? It is the National Entrepreneurs Network fondly called NEN. LIBA also has an ECELL moderated by NEN, which is instrumental in conducting this Business Plan Competition every year at LIBA. So guys who are all associated with NEN in any way are most welcome to join the journey of this competition and recommend your able friends and colleagues to get their grey cell working. With 2 weeks in hand what a man cannot do???

You can visit the NEN page http://bit.ly/dxiB9z for details on ESPIRE 2010. ESPIRE Team is celebrating the entry of our New Partner. Come be a part of us!

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The Press Launch

How grand an inaugural function of ESPIRE 2010 can be??

The Press Launch happened on Sept 14,2010 with 20-25 different journalists from various TV channels/newspapers and magazines had come to witness and record this launch..

If you get to know about the great people who presided this occasion, you would get goose-bumps if you are a wannabe entrepreneur. These people would inspire everyone of us in some way or the other.

Mr.Lakshmi Narayanan, Vice Chairman of CTS presided the function. Did you hear it right? Yes!! It is The Lakshmi Narayanan who came LIBA campus to share about his Story of a man next door to this position in the “My Story Session”.

Mr. Lakshmi Narayanan has been a technology industry professional for over 30 years, building and managing divisions and business units in Europe, India and the United States. Mr. Lakshmi’s experience spans organizational strategy, customer relationship management, corporate governance, risk management, and operations. As a founding member of Cognizant, he has been responsible for providing leadership for the company’s high-touch customer relationship and delivery excellence model. Under his leadership, Cognizant became the youngest IT services company to reach a billion dollar revenue milestone, and also went past a market capitalization of $10 billion.

In the inauguration speech, Shri Lakshmi Narayanan said, In his inaugural address Lakshmi Narayanan, Vice-Chairman, Cognizant Technology Solutions, said the Micro Small and Medium Enterprises were the backbones of any sector in a country. They contributed up to 75 per cent of the GDP and provided 75 to 80 per cent employment opportunity.”

The next person in the Big 3 is:

Mr. Ramaraj – Of course we all know him.. 🙂

Mr. Ramaraj, was the Co- Founder and CEO of Sify Limited, Sify was the first Indian Internet company to be listed on the Nasdaq National Market in the US

He was recognized as the ‘Evangelist of the Year’ at the India Internet World Convention in September 2000.  And in 2001, in a CNET.com poll in India, He was voted the IT Person of the Year 2000.

Currently He is the Senior Advisor at Sequoia Capital and is a member of the global Board of Trustees of TiE (The Indus Entrepreneurs). He is the first Indian to be invited to the Board of directors of ICANN (Internet Corporation for Assigned Names and Numbers). He is a member of the Board of Governors of the Indian Institute of Management, Calcutta.

Another very important person who is instrumental in conducting this event is:

Mr. Sudeep Jain

He is from the 1994 Batch of IAS. He is currently posted as Commissioner Rural Development (Training) and Special Officer, Entrepreneurship Development Institute, (EDI) Government of Tamil Nadu

He is a B.E (Hons) EEE from BITS Pilani, an MBA (Marketing/Finance) from JNV University, Jodhpur and is a Hubert Humphrey Fellow from University of Washington, USA

He has held numerous prestigious Government Administrative positions, a few of the notable positions are Sub Collector, Tuticorin. Commissioner, City Corporation, Tirunelveli. Collector, Dharmapuri and Nagapattinam. MD, ELCOT.

He has numerous achievements under his belt. He had doubled tax collection at Tirunelveli, Municipal Corporation. He had received the  National Award for paperless office at ELCOT and also Increased profits by 24 times at ELCOT. Guinness World Record twice in tree plantation at Nagapattinam in 2003. He installed the first ever floating pontoon bridge on a National Highway at Nagapattinam in 2002. Increased sports coaching camps participation from 5000 to 93,000 in 2009 as MS, SDAT. Won the prestigious Business Plan Competition at University of Washington in 2007.

Oh my god!! These achievements can go on and on..

This is only one half of the story you heard.. The other half was an awe-inspiring workshop by Mr.Swaminathan, Mr. Chandu Nair and our very own Professor Dr. JK.. All in the next post.. Keep watching..

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