YT YouTube2Text

YouTube2Text → Transcripts → Entrepreneurship Mid-Sem Exam Ki Poori Revision | Full One-Shot Class! 🚀

Entrepreneurship Mid-Sem Exam Ki Poori Revision | Full One-Shot Class! 🚀 — Transcript

by MSM Story World · 13,547 words · 2,636 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:46Okay.
0:49All right. So, I'm going to
1:02Okay, I'm going to share my screen.
2:05Okay. Can you see my screen?
2:09>> Yes, sir.
2:10>> Great. Good.
2:12Okay.
2:14So, let me
2:17Okay. And then I will turn the recording
2:20on.
2:23Uh let's see.
2:31Okay. Where it is recording?
2:35>> Yes, it is recording.
2:37>> Yeah, but where is it? On my computer or
2:40>> computer?
2:43Okay. Okay. Good. Good. All right. Very
2:45good.
2:48So I want to share with uh with all of
2:52you today actually for last two days.
2:57>> Yes sir.
2:58>> Yeah. Okay.
2:59>> Yes sir.
3:01>> Okay. Good. Good.
3:05Okay.
3:07So, so for what I was going to say was
3:10uh for last two days I have been uh uh
3:15taking classes
3:17of uh you know AI entrepreneurship.
3:24So interesting part is
3:27that uh we can do if we start doing that
3:32AI entrepreneurship
3:34we can do all the business planning and
3:38all of that stuff you know the
3:42in in just in just one day
3:47just one day we can do all of that
3:55business model that you can do just in
3:58one day. However,
4:01the in the intervention
4:04intervention entrepreneur intervention
4:07entrepreneur intervention
4:12model
4:15you know it you give it input and it
4:18gives you output back.
4:23So now you have to verify whether that
4:26output is correct or not.
4:36You know, we have to there's nothing no
4:38data available in our
4:42in in our hostel room or or right at the
4:46BI BIT we have or or JUT your institute.
4:52You have to go out of your institute to
4:56actually look at the u uh look at the uh
5:00and verify that uh the unmet need which
5:04you have identified which you told the
5:07AI that this is the unmet need and now
5:11you have to go back to the customer and
5:13verify. So customer is intervention
5:17human intervention
5:20jewelry.
5:25But what we need to do is we need to use
5:29we need to use the AI the all the
5:33intelligence tools right all the
5:37uh which are GPT who I gemini who uh
5:42which I
5:44you know cloud and there are many many
5:46of those and so maybe after the we'll
5:51talk about that after uh after the first
5:54midterm
5:58And all of you can learn it. You can
6:01learn that that skill
6:05which everybody else is learning. So you
6:08have to learn that too. But you are the
6:11one who can take the most advantage of
6:13it. Entrepreneur can take really a big
6:17advantage of it.
6:21Entrepreneurship.
6:23It is a repeatable, scalable and
6:26profitable
6:28customer discovery.
6:31Right?
6:35Financial statement
6:37all the terms like a bit
6:41right. So, so all of you students you
6:44know you are learning that. So you are
6:46already getting the skills way ahead of
6:49everybody else.
6:51So
6:57I'm so excited
7:02and get you.
7:05Okay. So
7:14all right.
7:22>> [snorts]
7:22>> Who who are the who are the C can you
7:26just uh uh all the faculty can you just
7:30unmute your mic microphone and just uh
7:34uh just introduce yourself so that we
7:37know how many of uh uh our dedicated uh
7:43faculty are there
7:50so and I will also No. Okay. Good. Well,
7:53I'm I see a lot from the Al Kabir.
7:56That's very good.
7:59Okay.
8:16All right.
8:21>> [snorts]
8:22[clears throat]
8:58>> You can unmute yourself.
9:01>> Oh
9:03>> yeah, you can unmute yourself.
9:06>> Yep.
9:07>> Mic.
9:08>> Yes sir.
9:10>> Hello
9:11>> sir. Hello sir. Good morning.
9:15>> Yeah. Uh what is say first your name
9:18first introduce yourself.
9:19>> My name is
9:23>> Mhm. And which
9:26government women's technique sh
9:30>> very good. Very good. So so so I think
9:33that's the key thing we need to when we
9:36introduce
9:38we kind of uh that is a key thing we do.
9:42Okay. Very good.
9:43>> Can I ask one question?
9:45Yeah, go ahead.
9:47>> Is we are having EDS exam today.
10:05Yeah. Yes.
10:14>> November. Fifth number.
10:28Oh,
10:31okay.
10:33Professor
10:38GWP.
10:44Yeah. Right. Okay. All right.
10:47Very good.
10:56That's a
11:09subass.
11:12You
11:15slide
11:24video link.
11:39You don't have the missing.
11:47Okay.
11:50All right. So, very good. And I'm going
11:54to
12:19Okay, let's
13:12You can master your strategy, but
13:14performance could be limited by your
13:15instrument. Precision trading starts
13:17with the right instrument. Over the past
13:203 years, Interactive Brokers clients
13:22outperformed the S&P 500 on average.
13:25Like returns, trading costs compound.
13:28Interactive Brokers is built to lower
13:30costs through smarter execution. Access
13:32stocks, options, prediction markets, and
13:35more across 170 plus global markets. The
13:39best informed investors choose
13:41Interactive Broker.
14:10So we'll be starting just in few
14:13minutes.
15:10She
15:14>> Well,
15:16thank you so [laughter]
15:23good morning, sir.
15:29>> Thank you so much.
15:35Very good.
15:37exam sam
15:40offline mode.
15:45Okay. So today you know we will have
15:53online join
15:57then it'll go to the live streaming.
16:01Professor Mahmud Alam has very kindly
16:03started that uh uh that link also. So it
16:07is also going live streaming in on the
16:09on the YouTube
16:21sidline.
16:25Oh,
16:27offline offline.
16:38>> Thank you, sir.
16:47>> Okay, great. K,
16:50>> please turn on my video.
16:53It is off.
16:56Yeah.
17:01Oh, you make me you already made me host
17:04back. Okay.
17:06>> No, no, sir.
17:10>> Oh, yeah. Okay. Okay.
17:15Okay. Now it's turned on. All right.
17:41H
18:14Uh, Professor Alam,
18:17how can I I would like to share it
18:23link.
18:27I like to share it with the Let's see.
18:31Let's see if I can make
18:33I can get you.
18:41Oh, okay. Okay. Oh, WhatsApp. That's
18:43what I was looking for. Okay, I got it.
18:45Yes,
18:48I got it. Okay,
18:52so here it is. Very nice.
19:00Okay.
19:26Oh, very good.
19:37Very good. Excellent.
19:43>> Oh, very good.
19:46So, let us talk after the class just
19:50you know I would like to I'll so so that
19:53make sure that all the notes are loaded
19:55and everything uh we are updated. Thank
19:58you so much. That is that is of great
20:00help actually.
20:08>> Good morning sir.
20:10>> You know good morning uh
20:22uh professor.
20:24>> Yes sir. you know something is wrong
20:27because it's not uh uh when I uh
20:34link I need to delete I need to delete
20:38that I
20:43uh edit
20:45>> you know something is wrong it's not uh
20:48>> okay delete
21:02Okay, now I got it.
21:07YouTube.
21:09Let's see.
21:12Okay.
21:26Okay, this is correct.
21:36>> Sir, I am from Galotia University.
21:39>> Good, good, good.
21:41Can you can you say your name please?
21:47My name is Pamili.
21:49>> Okay. Good. Good. Thank you.
21:54Very good.
21:57Okay. So students
22:17If you are
22:21>> okay. So go ahead and write on the
22:23instead of you can you can uh write on
22:26the on the chat box that you got it
22:31or if you did not get it write that
22:33also.
22:36>> I think just write down if you didn't
22:38get it.
22:40>> Very good.
22:48Okay. Very good.
22:49>> So, please begin the class.
22:52>> Yes. Yes. We're just about to
22:59we will begin the momentarily.
23:09Okay.
23:13All right,
23:15welcome. We have uh uh 243 students.
23:22So
23:23>> one question.
23:25>> Mhm. Go ahead.
23:28So first 15 minutes are question
23:30answered. So Professor Roy will be
23:33monitoring that. So Professor Roy, can
23:35you take over please?
23:39>> Sure. Go ahead. Ask your question
23:41please.
23:54very
24:04easy.
24:08First of all, three things are very
24:10important
24:12to please gain knowledge.
24:17Number two,
24:19gain experience in the field that you
24:23want to develop your product.
24:26Number three, you must be an expert.
24:31Expertise
24:34remember
24:37is not very easy
24:41experience
24:42then the things will become slightly
24:45easier for you to do
24:49along with the product
24:52customer
24:54you'll be able to explain them very
24:58clearly
24:59and and more important
25:04funding or financing.
25:08If you are an expert in the subject,
25:11you'll be very clear with your
25:14objectives
25:16and up.
25:20So abi until and unless
25:24you think that you are expert in what
25:28you plan to do
25:36because
25:37after sometimes you will gain all the
25:40three and the chances are chances of
25:44your success is going to be much higher.
25:49>> Okay sir. Thank you.
25:50>> Did you get my point? Did you get my
25:52point, Kushi?
25:56>> Okay. Thank you.
25:58>> Thank you so much.
25:59>> Very very very well said. Very well said
26:02that.
26:05Professor Roa, you must you should have
26:08attended the first three classes. Just
26:11key emphasis was given to try to find
26:15out an unmet need.
26:18Unmet need.
26:20or with zero investment
26:24you should be able to build your company
26:28zero investment
26:32free digital tools available market
26:36so you can use those tools uh to to
26:40build your business
26:44>> not only that uh professor
26:47>> you know most of the institute
26:50available
26:53and and
26:57prototype.
26:59You can do a digital prototype of that
27:02[clears throat] fully functional
27:04and with those drawings you can say this
27:08is my proto or
27:12how the functionality because you can
27:16display that full prototype in its
27:18working condition.
27:20>> Yeah.
27:21>> And and that is how you'll be able to
27:24make your prototypes much sooner.
27:29It's very easy to make prototypes
27:32to go ahead and do the digital version
27:37of your project
27:40and then when everything is all set, the
27:44customer is ready, he has given you an
27:47okay to build the product for him, go
27:50ahead and start building that.
27:54Okay. Yeah. Uh there's uh
27:57Vivit your hands are you're raising your
28:01hand. Unmute yourself and ask a question
28:03please.
28:16If not then I will I would again
28:24the purpose of this
28:27is to induce all the skills that are
28:30required either to be an entrepreneur or
28:34to start working for an industry.
28:37Indry
28:40department.
28:42We'll be working in a mode of
28:45entrepreneurship.
28:57customers
28:59root cause analysis
29:02and all of these are very important when
29:06you start building your own company.
29:10You want to make sure
29:18so that you can have a fair advantage
29:23regarding quality
29:28and feature of your products.
29:32And
29:41A high very high percentage of these
29:44students will go and work for an
29:47industry and this class is also teaching
29:51them how to prepare for the industry.
29:55How to prepare for internship which will
29:58lead you towards this industry.
30:02skills develop is all that we are
30:05talking about. This course
30:10is preparing you for the future
30:14and remember you'll be using this for
30:17the rest of your life.
30:22Seriously
30:24not
30:28then it will make it much easier for you
30:30to understand the subject matter in this
30:34class today.
30:38So thank you. Any other question? Any
30:40other question that you have?
30:46Raise your hand. Questionitation
30:59and you will be ready for an interview.
31:05interview
31:10please unmute yourself question
31:20go ahead please
31:22good morning
31:24sir my name is Kumari I from
31:26governmentar
31:29sir question
31:43>> [laughter]
31:48>> business with a partner.
31:52Both of you must be motivated
31:55towards the same goal.
31:58difference of opinion
32:01but the conclusion should always be the
32:03same
32:05and that is how you will design a
32:08product which is much better.
32:11Okay. Two ideas always are better than
32:14one and and the process of elimination
32:18should take place
32:23and remember teamwork is very important.
32:28Do not do not think that uh you are the
32:32soul and you are the best. Nay others
32:36are equally good
32:41which are good and better than you.
32:47team quality
32:49for example you will require
32:53in your team someone who is good at
32:55programming someone who's good as AI
32:58someone who's good in mechanical someone
33:00who's good in uh marketing
33:05team
33:08then you start really in a good startup
33:12mode so these are the team that you
33:15should involve
33:21misunderstanding
33:25it's a mismatch
33:27which
33:29>> so
33:31whatessective
33:45Objective
33:53jective
33:55solution.
34:08It doesn't have the mindset.
34:12So
34:16if you are the leader everybody every
34:18everybody in a team is a leader
34:20actually. So
34:45important.
34:47So it is very
34:57guarantee
35:01discussion
35:08Then your product won't be best.
35:21agree
35:27that that's a good one.
35:31And if you don't believe
35:43So data
35:47okay very good same thing same thing is
35:50very true in industry also
35:54department
35:59your point of view and and and always
36:02carries the data with you as your backup
36:07data only then you can analyze the data
36:10that's that's how you'll come up to the
36:12root cause of the problem and as a team
36:16we will be able to solve it.
36:18>> Okay. Uh Anika please uh unmute and ask
36:23your question.
36:26>> Good morning sir. I'm Anika Dub from
36:28Chavas Engineering College.
36:30>> Sir I have two questions. uh one is that
36:34how do I explain my ideas to someone who
36:37actually knows nothing about it be it an
36:40investor or someone I want to partner
36:42with and my second question is uh how is
36:45persuading someone different from
36:47manipulating them because in my mind if
36:50I think about persuading someone I have
36:52to you know force uh them to think like
36:57myself so isn't it kind of manipulating
37:00them.
37:03>> Number one, you can never manipulate
37:07your customer. Remember that the
37:10customer is always the boss. You have to
37:14listen to the voice of your customer
37:17before you speak up. And and once you
37:21know what the customer is looking for,
37:24then try to sell your idea to him. And
37:29and that is you don't manipulate with
37:32the data. Remember manipulation word.
37:36Don't use that word you know then then
37:38you're trying to do something
37:41to achieve something else. But you
37:44convince your customer that your product
37:46is the best. You convince your team that
37:49your product which is being developed
37:53should fulfill the need of the customer
37:57and and customer basic requirement
38:02you'll be very successful. Number first
38:05question you ask
38:16simple language
38:19then you are the best
38:28then you are the best in marketing
38:31marketing
38:33TV ads are so simple are they complex ad
38:37that is being shown TV ad are very
38:41simple easy to understand
38:46you'll be very successful
38:49>> okay yeah professor take those two
38:51question and then we'll go into the this
38:54review and
38:56did you understand or is any follow-up
38:59question you have
39:00>> yes about the persuasion and
39:02manipulation different. That's exactly
39:04what my doubt was that if I persuade
39:06someone, isn't it kind of like me
39:08manipulating them and thank you for
39:10clearing it that I should prioritize the
39:12customer or investor whoever I need to
39:15cater to. Thank you, sir.
39:16>> Good. Thank you very much. Okay, let's
39:19let's take up uh
39:22uh who's this?
39:25>> Hello. Hello.
39:27>> Manzar. Hello. I'm Arlan.
39:30>> I'm Arlan Manzer from BA college.
39:32>> So my question was [clears throat] like
39:35in this world of uh the current trend of
39:38AI there are a lot of changes going on
39:40in this world like a person who has been
39:43uh in a field for the five years gets
39:45replaced by AI and it is diversifying in
39:47its field. First it was coding now it's
39:50design and it is also making its move
39:52towards a research area. So uh like is
39:55there even any
39:57uh benefits to like actually you know
40:00like studying the things uh giving work
40:04over a thing
40:08you know that question has always been
40:11discussed
40:17if you are already have the knowledge
40:23There are many successful people who did
40:26not even go to college.
40:30Example
40:33because they are just extraordinary
40:36extraordinary
40:38then the things are things are
40:40different.
40:42But for most of us including myself we
40:46have to take the basic training first.
40:54AI
40:58then I would say you're ready you're
41:01ready for the industry and if you are
41:04really expert in doing it perhaps you
41:08will be an excellent
41:11uh storyteller
41:13and and you can work as a consultant
41:16actually right right from today because
41:19industry Remember
41:23the word
41:24>> that uh sharpen your saw you know seven
41:28habits
41:30professor
41:32the last thing is sharpen your saw and
41:34AI is the is that tool that you will
41:40sharpen your own saw all the time you
41:43you'll have the right tool of doing that
41:45to where will AI lead I do not know But
41:50definitely definitely it is making a
41:53huge impact day by day.
42:00We come to know that it is for the
42:02benefit
42:04of us.
42:10So
42:11>> thank you. Thank you. I I do not know if
42:14that answer was uh to your expectation
42:16or not but again AI is something unknown
42:20and is going to do revolution in
42:23industry. So, so I'll tell you students
42:46So [clears throat and cough]
42:47it important
42:57that
43:07just imagine Obviously,
43:15you don't need to know. But what you
43:18need to know is what question to ask.
43:22What you have to do is is make a a
43:26flowchart.
43:42Once if you can do that and
43:46you don't need any technological
43:48knowledge
43:49you don't need any experience
43:55problem solve
43:58first problem you solve yourself
44:03AI
44:09Can you calculate this for me?
44:12Can you find out?
44:15Can you find out? Just say uh very
44:17simple.
44:21So he's he he did his AI to so I said
44:26Milan I I really want to know
44:31class.
44:36Are we delivering the right stuff or
44:38not?
44:40Students.
44:46Okay. So, let me just Sorry. I
44:49apologize.
44:52I apologize.
44:56Okay. So, so
45:02those are the things which which which
45:04we ask. Okay. And
45:11then he did he made a little agent or
45:16agent
45:19J.
45:22They are taking a class from professor
45:25Suresh Roy and professor Romesh Shadav.
45:29Are they uh what are they saying about
45:32that class? Is there a data on that?
45:37data publish they they got that data
45:42and and based on that I was pretty
45:46pleased actually
45:49professors
45:51students
45:52you know they they said that yes this
45:54was an important class and we want to
45:56learn more about it
46:01change professor and myself we're going
46:04to change that class for the next uh uh
46:08next session. So that it is uh because
46:10it is live pivot right word pivots
46:15change
46:17pivot
46:24correction
46:27that correction has to be implemented
46:29right away.
46:31Okay. So, so that's the speed of the
46:34correction,
46:41right? So, we need to do that correction
46:44right away.
46:46Okay. All right. So,
46:49Professor
46:53Yeah,
46:54>> that's the last one. That's the last
46:56one, please. Yeah.
47:01Oh, he he he yeah he done. Okay. Okay.
47:06So, uh now what we'll do is we're going
47:08to take the class and we'll take the
47:10question at the professor Roy will take
47:12the question at the end of the class.
47:14Okay. All right. Students welcome
47:16welcome to this class and we have almost
47:19uh uh we spend the first uh uh first 20
47:25minutes 21 minutes uh we we spent on the
47:29on the question QA that's what we do all
47:32the
47:41You are.
48:02So you have to you have to be curious.
48:07You have to be curious. You have to be
48:09creative. You have to be a critical
48:12thinker.
48:19Mindset.
48:21So problem first lecture
48:25that was problem to possibility. Okay.
48:29And uh uh so
48:32all the questions we are going to take
48:34now at the end of the class. Vikram you
48:37can lower your hands. We will take your
48:39question at the end of the class. Okay.
48:41So first we did problem to
48:42possibilities. I hope all of you all
48:46every student has got the uh has got the
48:49slide deck for that and also you got the
48:53video for that. I shared that with
48:55everyone. Okay. And uh
48:59uh I shared the link also last time.
49:03And then so now it is
49:16college.
49:36They improved. They became better and
49:39better and but then
49:43uh and they became better because they
49:45had the knowledge.
49:5822nd.
50:08All of a sudden,
50:19information.
50:27But that information is available.
50:41GPT
50:45Gemini XD
50:53how good is this idea?
50:56Where can I apply this idea?
50:59Where can I find the customer
51:02from this for this idea?
51:05So draft that. So
51:13initial information
51:25That's why it is called new economy,
51:27right? New economy, curiosity and
51:30creativity based
51:35machine.
51:37Is that a broken machine or is that an
51:40opportunity
51:42to find a solution so that the machine
51:45never breaks down
51:50here? Now you're fortunate you will be
51:53going through the internship internships
51:56sub up ab up each and every student
52:01should start internship as soon as
52:03possible
52:06and get ready get ready to be a problem
52:09solver
52:11problem solver intention
52:14mindset if it becomes a problem solver
52:20you are becoming becom
52:23entrepreneur you are becoming stepping
52:26into the entrepreneurship.
52:30So problem solver
52:32you have done lot of studies you have
52:35lot of knowledge you don't need money to
52:37solve any problem
52:41you can because you can solve that
52:42problem with your knowledge base with
52:45your uh curiosity and creativity uh with
52:48your critical thinking. So mindset to
52:51mind shift
52:53mindset.
52:56Mindset
53:06we cannot do anything. You accept
53:09whatever is available.
53:13You accept whatever is available. And
53:15but
53:17mind you have to do mind shift. That
53:19means you have to start thinking.
53:44So those are you
53:51then you will become
53:54you have mind shifted and you are
53:57jumping you are coming into
54:06entrepreneurship or entrepreneurship.
54:13Okay. So, so that's what you have to
54:15think and thinking
54:24subject matter topic.
54:31You know, you should go back and
54:42discuss
54:43document your learning will be multiple
54:47times.
54:51So and then of course leadership
54:55leadership you know there was a question
54:57earlier
54:59you know mindset different leadership is
55:02empathetic leadership that means
55:18Then all of a sudden you'll realize, "Oh
55:20my god, this is great.
55:37both are important.
55:41So leadership acquire skill
55:47to to go towards so that compensation
55:54compensation it was from five lakhs to
55:5855 lakhs 242
56:02package
56:04minimum that was 5.5 lakhs maximum 50
56:07lakhs
56:18Both of them are smart. It's not that
56:21that the student.
56:30So you are all of you are smart. So
56:43skill set
56:49or keep on learning. Keep on learning.
56:52Acquire skill. Acquire your skill.
57:06And then
57:08standard deviation
57:25skills. It's going to decrease the
57:28standard deviation
57:32average compensation.
57:36Okay. So,
57:39think smart.
57:42Think smart. Smart. S M A R T.
57:48Right.
57:49Smart.
57:53I have talked about it in this class.
57:55And uh but we'll we'll talk more. And
57:58then may make AI work for you.
58:02Make AI work for you.
58:18mostly
58:21how can we how can we do
58:24entrepreneurship
58:27so I got the very good answer from them
58:31and that's what we are focused on
58:34okay [snorts] unmet need an unmet need
58:39unmet you found the unmet need
58:43filter We talked about that. And then
58:47identifying the
59:03You found the unmet need.
59:24So
59:26the these are the course that's what
59:28this course is going to teach you. It's
59:30this course is going to make you very
59:31smart actually
59:34or
59:35skill these skills are going to stay
59:38there for rest of your life and you I
59:41guarantee you that you will always keep
59:43on thinking about it. Oh you know we are
59:46so we learned this in our
59:48entrepreneurship class. So student will
59:51learn the lifelong skill to have a
59:54positive mindset.
59:56Positive mindset,
59:59mindset,
1:00:04creativity,
1:00:12right? We hear that all the time. That
1:00:15is a negative thing. Look at what are
1:00:18the opportunities.
1:00:23Be creative and curious. Be a critical
1:00:25thinker. Be an excellent communicator.
1:00:28Become an empathetic leader.
1:00:32Empathic
1:00:34strength.
1:00:38Work with the strength of team member.
1:00:40And then you say how these skill will
1:00:44benefit you to have a successful career.
1:00:53Sadhar,
1:00:55logical
1:00:57and so important you learning you are
1:01:01learning that how these skills will
1:01:03benefit you to have a successful career.
1:01:08You can do that.
1:01:12Master critical thinking
1:01:15and then critical thinking
1:01:20develop
1:01:24mindset
1:01:32question.
1:01:38No, no, no. That is not the
1:01:44That's not what you do. What you're
1:01:46trying to do
1:02:01where can we improve? What can we do? So
1:02:05that's what it is. So
1:02:17That's what you will learn.
1:02:20Negative.
1:02:23That's okay. When you are going to going
1:02:26expressing uh your idea and the other
1:02:29person says no no that idea is no good.
1:02:34You don't get angry. You don't get
1:02:36insulted. No, that is just an opinion.
1:02:47discussion
1:02:50why it is why that idea is good or
1:03:00what do you think we should do
1:03:05to pivot
1:03:07pivot so and then when you learn that
1:03:12gain the tools to to lead your own
1:03:14venture.
1:03:18You'll feel so confident
1:03:22leader leader you'll become a business
1:03:25leader.
1:03:27You will either you'll become a job
1:03:29provider
1:03:30company you'll you'll become a business
1:03:33leader. you'll become like uh like uh
1:03:38Amrindu Prakash
1:03:42who who is heading up the sale at that
1:03:44time. So
1:03:48AI has made
1:03:51knowledge based economy obsolete.
1:03:58Uh
1:04:00majority of the people knowledge based
1:04:03economy
1:04:17Knowledge based economy
1:04:24it is gan is the information really
1:04:29information and if you can get the
1:04:31information
1:04:34if you have access to the information
1:04:37then all you have to do is use that
1:04:38information to do whatever you're trying
1:04:40to do.
1:04:43So AI has made knowledge based economy
1:04:45obsolete and has replaced it with
1:04:48curiosity
1:04:50and creativity based economy. Curiosity
1:04:54CU
1:04:56R I O S I T Y. Curiosity creativity. C R
1:05:01E A T I V I T I. Right.
1:05:06Unmet need. Unmet need.
1:05:19simple.
1:05:26That is a unmet need.
1:05:29Why cannot that be fixed?
1:05:44And then you look at
1:05:48unmet need.
1:05:51Unmet need
1:05:53local industry,
1:06:02local
1:06:07building
1:06:11access accessibility.
1:06:32Go to the principal of the college
1:06:39and take responsibility.
1:06:42Okay. Or to find out those unmet need.
1:06:53obvious need versus latent need.
1:07:04I think I will ask professor Roy to give
1:07:07that example. Professor Roy, can you can
1:07:10you give an example of this uh uh hidden
1:07:13need and then real need?
1:07:18You know I I just want to take
1:07:22talk about something different
1:07:27because I work in large industry and
1:07:31also as an entrepreneur
1:07:34large industry
1:07:37and one of the main topic that we
1:07:40discuss during any
1:07:44project development is risk assessment.
1:07:49What this is
1:07:58because
1:08:00while developing a product there will be
1:08:03issues that will come up
1:08:06and risk assessment
1:08:10then you'll be able to overcome that
1:08:13problem much faster because you know how
1:08:17to handle it. So these and and most of
1:08:21the things that you're learning here
1:08:24are required as an engineer when you're
1:08:28going to work for a corporation when
1:08:30you're going to work for an industry no
1:08:32matter small medium or large industry
1:08:40professor.
1:08:42He he's he's focusing right from the
1:08:45point of view of entrepreneurship like
1:08:48because I have I've been working in both
1:08:50the industry. I can say 100% of what
1:08:54you're learning here will be useful when
1:08:58you join an industry and this is what is
1:09:01going to make you more smart because now
1:09:04you're used to all these terms that are
1:09:06being spoken up interview.
1:09:10If you can guide the interview towards
1:09:13these type of talks in which you really
1:09:16have experience, you have the data, you
1:09:19already know how to come up with the
1:09:21root cause of the problem,
1:09:24you become an asset to that company.
1:09:32And I I believe I believe
1:09:36entrepreneur when I came out came out of
1:09:39school I never thought I'll become an
1:09:41entrepreneur till I gained experience
1:09:45and it is that experience
1:09:49problems that you required to solve
1:09:53and one of those problem
1:09:59to explain is there was The wire mesh
1:10:04and and this is sand
1:10:07different category
1:10:10mesh by which you filter to different
1:10:13size
1:10:17lot of dust and hard stones to this
1:10:21particular smallcale industry
1:10:27rather we went to him because we wanted
1:10:29to help the local industries And we ask
1:10:32what is your main problem?
1:10:46It's almost like that
1:10:50because stones come and they break this
1:11:03up with the corrective action that he
1:11:05should do. Instead of rocks really
1:11:08falling from four to 5 ft of height
1:11:11impact,
1:11:14we told them that take this as a very
1:11:17gradual
1:11:19angle.
1:11:28and then incline it so that it goes on
1:11:31the wire mesh.
1:11:34All of a suddenly every day mesh
1:11:38maintenance
1:11:39now using this process all of a suddenly
1:11:43his yield went up because downtime.
1:11:48Secondly, we made that wire mesh design
1:11:51change so that you can replace it almost
1:11:54immediately rather than repairing it.
1:11:56repairing.
1:11:58So you have one wire mesh that is
1:12:00already ready after repair
1:12:04problem
1:12:07and it works very fine.
1:12:10The nagging problem problem that happens
1:12:13every day and lot of frustration. All of
1:12:16suddenly we could see the smile on his
1:12:19face because now his problem was almost
1:12:23gone. it it's it was reduced to almost
1:12:27like a noise level.
1:12:30So this is this is the very unique
1:12:33example which improved the process. So,
1:12:37so here you know if you look at that
1:12:40obvious need versus a latent need right
1:12:43that uh that business owner he said you
1:12:47know I'm losing lot of money
1:12:51well why am I losing money I'm losing
1:12:54money because
1:12:56the efficiency of separating the
1:12:59different material was very slow
1:13:04but he didn't know what to do about it
1:13:07and then the team, Professor Roy and his
1:13:10team went and they kind of looked at it.
1:13:12Oh, you know, it's nothing to do with
1:13:14the it's not that they're losing money.
1:13:18Everybody's working very hard,
1:13:22but the the system the process is not
1:13:25right.
1:13:27The the tooling was has to be improved
1:13:30and that's what they did. So the hidden
1:13:32the hidden thing was the tool had to be
1:13:35improved.
1:13:38The tool had to that was the hidden
1:13:40message latent need. That was the latent
1:13:43need. The tool tool needed an attention
1:13:47instead of obvious need
1:13:50customer you know I'm losing a lot of
1:13:53money or or my system is inefficient
1:13:56anyway. So that's why
1:14:01just say customer oh I'm losing money
1:14:05well then you as a entrepreneur or
1:14:09entrepreneur you say okay you say okay
1:14:11yeah you're losing money then you say
1:14:13what is the process you go do your
1:14:15homework there ask them and then zero in
1:14:18on why they are losing money
1:14:22the object is for the customer to not
1:14:24lose money and once you have determined
1:14:26that you know you you you are a winner
1:14:30All right. So,
1:14:52process
1:14:54angle.
1:14:58So that was all the hidden need that was
1:15:01the real actual need which was latent
1:15:04need. Thank you professor Roy for
1:15:06changing that. So find an unmet need of
1:15:10customer in your class.
1:15:13In your class I have uh I have requested
1:15:18all of you given you an assignment
1:15:21that find an unmet need
1:15:25what it is and write a sentence
1:15:30about the problem statement.
1:15:33So
1:15:35what needs you have identified? So
1:15:39identified your own unmet need.
1:15:45Identify unmet need.
1:15:49You are a student.
1:15:52What are your unmet need? And identify
1:15:56who will fill up those needs.
1:16:04So if you have to look,
1:16:08you have to look.
1:16:20have to look, search with your eyes and
1:16:23ears open to spot and identify
1:16:29need.
1:16:33Can you find
1:16:35where would you find this need? There
1:16:37are no customer in your room.
1:16:44unmet need.
1:16:56These are the unmet need.
1:17:01You have to find the customer. You have
1:17:03to find out unmet need. Is the unmet
1:17:07need of professor Suresh Roy? Is it the
1:17:10unmet need of of the professor Dr.
1:17:14Mahmud or it is professor Romesh Shadav
1:17:17need you have to talk you have to talk
1:17:20to professor Roy professor Mahmud and
1:17:22Romesh shad right you have to do that
1:17:26so can you find without going out of
1:17:28your room no you cannot find so you have
1:17:32to go out very important this is a there
1:17:35are no customer there is no data in in
1:17:39your in your room there's no customer in
1:17:42your room so You have to that is the
1:17:45first thing the you as a entrepreneur
1:17:48you as a entrepreneur
1:17:50you have to if you want to find the
1:17:52unbending you have to go out
1:17:55you have to go out
1:18:00professor even buddy buddy company maybe
1:18:03there are advanced marketing people who
1:18:06go out and talk to the customers
1:18:09>> y
1:18:09>> as to what what else they would need in
1:18:14future.
1:18:15>> Yeah.
1:18:17>> That is applicable to all the industries
1:18:19also.
1:18:20>> Yeah.
1:18:22So unmet need.
1:18:44the proper churnney material and the
1:18:47angle of attack that should have been
1:18:49changed.
1:18:51That's what he did. So,
1:18:54Professor Roy and his team understood
1:18:56that
1:19:00customer
1:19:04is losing money.
1:19:08Customer is losing money. And so that's
1:19:10what his pain point is. How can you help
1:19:13out?
1:19:22Where are those unmet need? You can find
1:19:23out,
1:19:36right? You have to you can find that
1:19:38out.
1:19:40So
1:19:42you have to you must
1:19:45you must identify a unmet need and you
1:19:49must be able to and
1:19:55problem statement
1:20:00identify that
1:20:04smart
1:20:10You know, you must see, oh, you got a
1:20:12smartphone.
1:20:14You got a smartphone. You got a smart
1:20:17TV. You are you got a smart automobile.
1:20:21You get the smart word used is
1:20:23everywhere.
1:20:26Oh, you are a smart student.
1:20:29You are a smart businessman. That word
1:20:32is used everywhere.
1:20:34What does the smart stand for?
1:20:37You have to understand that.
1:20:50Rose
1:20:55smart. So smart sification.
1:21:22end result. You have to identify, you
1:21:25have to define, you have to be very
1:21:27specific.
1:21:50Bathroom. Bedroom.
1:21:53Drawing room.
1:21:57Dining table.
1:22:15Just imagine
1:22:18when you told him
1:22:20you were not specific. You did not tell
1:22:32When we give instruction,
1:22:35we should be very careful. Make sure
1:22:39that we set the expectation right.
1:22:42That's specific
1:22:49measurable.
1:22:58What is that measurement?
1:23:01That's that's that's M a is achievable
1:23:08a achievable
1:23:11because that is very important right.
1:23:22So you have to say
1:23:26achievable.
1:23:28Are there tools available to achieve all
1:23:30that? That's what you kind of you have
1:23:34to think about when you give a give
1:23:36instruction. Smart instruction
1:23:39are are relevant.
1:23:56You have to be relevant. Last
1:24:02time bound
1:24:04time bound
1:24:17take it that you will do smartly.
1:24:20You will do smartly. You'll be specific
1:24:23instruction.
1:24:25You'll be specific.
1:24:28You'll be specific
1:24:30and then it'll be measurable.
1:24:36The criteria of success
1:24:40achievable
1:24:46and then relevant
1:24:48time.
1:24:52So these are the things. So next time
1:24:54when you see smart you know just I think
1:24:57all these things will come to your mind
1:25:00and when you talk to somebody you know
1:25:03when you go for interview you say you
1:25:06know I I worked on with the smart
1:25:08principle which we learn in our
1:25:10entrepreneurship class smart principle
1:25:14and see the person who is interviewing
1:25:16you he will be so happy and he'll just
1:25:18ask you what do you mean by what does it
1:25:20mean by smart and then you can say just
1:25:31grow.
1:25:34growth
1:25:39exponential growth
1:25:41or
1:25:45exponential
1:25:48then you get abundance
1:25:51the mindset
1:25:56growth that will be the exponential
1:26:00growth. There's a linear growth and
1:26:03there's a exponential growth. Linear
1:26:06growth.
1:26:09Everything is exponential growth. Yeah,
1:26:12you know you you you went from 1G to 2G
1:26:15to 3G to 4G and 5G
1:26:19difference
1:26:21from 300
1:26:24kilow kilobyte to all of a sudden you
1:26:28know 1 megabyte and then 100 megabyte
1:26:31and then terabyte.
1:26:34You see that kit
1:26:37how much exponential growth was there?
1:26:40So
1:26:45key technology convergence
1:26:48very important
1:26:50technology convergence.
1:27:02Think about think give an example. Think
1:27:05about any example what you can think of
1:27:08in in technology technology man. Look at
1:27:12look at this uh uh this this little
1:27:15little smartphone right little phone
1:27:18iPhone right
1:27:21the smartphone.
1:27:28You had the uh you had the telephone
1:27:32landline.
1:27:34You had the radio, big radio. You had
1:27:38the the television.
1:27:41You had the CD player. You had the DVD
1:27:44player. And you had so many other
1:27:47things. The camera, you had you had a
1:27:50temperature measurement.
1:27:52All those things were there. and a
1:27:56everything all of those things have
1:27:59converged into this little thing.
1:28:03this little thing, right? So
1:28:10technology convergence
1:28:13technology.
1:28:18Look at look at just
1:28:22example example of technology
1:28:24convergence.
1:28:26We talked about the telephone, right?
1:28:27Smartphone.
1:28:29Smartphone.
1:28:32Phone. Camera. Music player.
1:28:36Global positioning system.
1:28:38Web browser
1:28:42torchology
1:28:47converge
1:28:50and it became
1:28:53that's why their people understood the
1:28:55advantage. It is it is like a not only
1:28:58it is a computer but it is a torch also
1:29:00for you. It also gives you the health
1:29:02information.
1:29:06That's what the convergence did. So
1:29:09exponential growth you have convergence
1:29:12is one of the reason for that.
1:29:17That is the example of convergence.
1:29:19Drone.
1:29:21Drone may
1:29:23drone. Uh a delivery drone conver.
1:29:41They are delivering food.
1:29:44Self-driven
1:29:47small. It's self-driven and it is
1:29:49delivering the food
1:29:52and so drone may drone technology
1:29:57it drone technology convers GPS
1:30:01satellite navigation
1:30:03advanced digital cameras and sensors
1:30:07wireless communication
1:30:09electric motor AIdriven automated flight
1:30:13software into a single system.
1:30:19So that's what it has done. How
1:30:21convergence happens instead of using
1:30:24separate tools
1:30:27separate tool tools
1:30:30tools
1:30:33and connect. So this instead of using
1:30:37separate tools for the flight control,
1:30:39mapping, photography, data analysis, a
1:30:42single drone combines all of these to
1:30:45perform these complex
1:30:48things. So
1:30:51adha delivery drone say GPS, navigation,
1:30:57digital camera, sensor, wireless,
1:31:01electronic motor, AI,
1:31:05automated flight software,
1:31:17right? mapping
1:31:20drone,
1:31:22photography, data and lot of data
1:31:25analysis is done right that's all of
1:31:28those things are donereneur
1:31:34manif
1:31:40there are no facts inside your building
1:31:43so get outside this is the most
1:31:46important
1:31:54entrepreneur, entrepreneur,
1:31:57business leader,
1:31:59you are a job provider. This is the most
1:32:02important thing. Everything is
1:32:04customercentric
1:32:06customer.
1:32:15problem
1:32:16solution. You are a you are a solution
1:32:21provider.
1:32:23You are a solution provider.
1:32:28So opportunity
1:32:36circumstances
1:32:55compensating behavior
1:33:02example
1:33:06they will every day every day they're
1:33:08changing the
1:33:10changing that filter.
1:33:19So that was more expensive, right?
1:33:21Without realizing that what they're
1:33:23doing that was a more
1:33:27and last
1:33:28criteria
1:33:32success.
1:33:39So
1:33:44now what you have done is by this you
1:33:48have identified the need.
1:34:02Is it marketable?
1:34:22That's how that market that's why you
1:34:25you learn the the TAM and Sam
1:34:33ITM and initial target market that's
1:34:36that's what you learn from this. So
1:34:39opportunity
1:34:42market and then you go sustainable
1:34:45competitive position. That means
1:34:56compete market.
1:35:01How would you make sure that you always
1:35:03sustain that creativity
1:35:06by what you will do? So what you will do
1:35:08is
1:35:11what you will do is you'll have lot of
1:35:13patents
1:35:19so that competition
1:35:22look at look at you know Apple
1:35:38So and so that's how Apple always
1:35:42defines that you know sustainable
1:35:44competitive position
1:35:47scalable business.
1:36:00Of course.
1:36:05Of course.
1:36:07Because now you have to have more labor.
1:36:09Of course, you have to buy more tools or
1:36:12testing equipment.
1:36:22Your profit actually goes higher and
1:36:24higher.
1:36:26So that is a scalable business. So why
1:36:29us? Why now? Well,
1:36:35you are you have put together a team
1:36:39which is very very smart team
1:36:43which are all every unique individual
1:36:46has their own strength and you are
1:36:49working with their strength and all of
1:36:51you are very
1:36:56clean.
1:37:05So became part
1:37:16we have a good team and we have a
1:37:17knowledge and we have seen that there is
1:37:19a market out there.
1:37:22That's why it is why us and why now. And
1:37:26when that happens, that is where market
1:37:29validation take place.
1:37:31You will get the customer paying you for
1:37:34for your for your work.
1:37:38So what skills make a successful
1:37:40engineer?
1:37:44How how how
1:37:48what are the skills required? So
1:37:52you know we are trying to do this class
1:37:56we are going to the flip classroom
1:37:58concept just say that's why I we share
1:38:02professor Roy and myself we we share the
1:38:04the slide deck a week before we share
1:38:08the video a week before so that you can
1:38:10look at it
1:38:12you and then uh you proficiency in
1:38:17zerocost digital tools
1:38:21zero cost digital tool. So leverage
1:38:23accessible technology, Google sheet,
1:38:26WhatsApp business, no code tools, AI
1:38:29tools, right? Those are all free for you
1:38:31to do it for use. It's a start. All of
1:38:34you, all of you should be using the chat
1:38:38GPT, the Gemini,
1:38:41uh the cloud and the X in verifying
1:38:46whatever you are doing in verifying.
1:38:49Make sure that uh that uh
1:38:53your development what you do you can
1:38:56always test those. So
1:38:59get get yourself start using it right
1:39:04now.
1:39:07right now majority of the use of uh um
1:39:11of uh uh of the AI platform
1:39:16majority of the use is just like is like
1:39:20a Google search that's what it it is
1:39:23being done but this tool is much much
1:39:25more
1:39:27uh it can make decision for you so you
1:39:31say not only not only data
1:39:35okay So, so you say okay look at this
1:39:38data
1:39:39and analyze this data
1:39:42and tell me what this data is saying.
1:39:46Your AI will do all of that stuff. It'll
1:39:50do that. Okay. So,
1:39:55outcomedriven mentorship to
1:39:56employability.
1:39:58Make sure you have a mentor
1:40:04or
1:40:12They are the mentors.
1:40:18You should make your your faculty as
1:40:21your mentor or other teachers as your
1:40:24mentor or businessmen as your mentor.
1:40:28unclea
1:40:34mama
1:40:36they're all kind of in some some
1:40:39respectable position they can be your
1:40:42mental mentor the mentor up
1:40:46you have to look for it so outcomedriven
1:40:50mentorship for employment
1:40:52team building
1:40:57Team building, team, empathetic
1:41:00leadership,
1:41:03storytelling.
1:41:05How would you tell your your story? With
1:41:08curiosity and creativity. Student build
1:41:10working prototypes that boost placement
1:41:13outcome. Student internship
1:41:17and seriously internship
1:41:20their employment [clears throat]
1:41:22opportunity goes very high.
1:41:25So here so building lifelong
1:41:29capabilities
1:41:30journey from problem to possibility
1:41:34problem to pro possibility
1:41:37find the why
1:41:48assemble a team
1:41:51students
1:41:53they're all getting together and They're
1:41:55kind of discussing so freely what are
1:41:58the what are the ideas what what they
1:42:01have to do find the why assemble a team
1:42:04turn idea into action
1:42:08and build
1:42:10lifelong capabilities
1:42:24family
1:42:26it doesn't matter.
1:42:29So possibilities and opportunity
1:42:33you turn into opportunity and then
1:42:36opportunity impact
1:42:40solution deploy.
1:42:43See that you deployed the new solution.
1:42:46You you gathered the team and you say oh
1:42:48you found the unmet need and you you did
1:42:51a new solution to that.
1:42:55So pivot from fixing the machine to
1:42:58fixing the problem.
1:43:02Fixing the machine to fixing the
1:43:04problem.
1:43:07I just say [clears throat]
1:43:09you will uh lifelong capability. Acquire
1:43:13the capability
1:43:15designed to support your career journey.
1:43:19become a proficient
1:43:23job
1:43:24whether it's electrical mechanical
1:43:28science.
1:43:30Make sure that you put your truly smart
1:43:34effort there.
1:43:37Know everything what there you need to
1:43:39know. No shortcut.
1:43:42You have to learn and think like a
1:43:44innovator. Learn smart problem solving.
1:43:49long-term planning
1:43:52and quick and confident choice.
1:43:55Even when you do not have all the
1:43:57answers,
1:44:02you cannot know. You cannot for
1:44:03guarantee.
1:44:08You cannot tell.
1:44:10But you can prepare yourself for that.
1:44:13you can plan for the long-term journey
1:44:16and you can take the quick action.
1:44:20So when you do not have all you do not
1:44:23have all these answers but still you
1:44:25have a choice. So build a habit of
1:44:27noticing daily problem around you
1:44:37like a broken pump
1:44:40or a blocked village road
1:44:44that can be fixed without spending a
1:44:46single rupee.
1:44:49Those problems are solvable.
1:44:52Turn ideas into action. See ideas into
1:44:56action. Ideas here the ideas they are
1:45:01coming ideas turning ideas into action
1:45:08and shape the future. That means shape
1:45:11your future. Shape your future. Gain the
1:45:14skill to lead business. Adapt to
1:45:16challenges and boost your job prospects
1:45:2110 times by building real working model.
1:45:26When you find unmet need, go deep into
1:45:29it. Actually, go all the way from
1:45:32beginning to the end.
1:45:35You will have such a rich experience
1:45:38which is going to help you out for rest
1:45:40of your life.
1:45:42Core mindset,
1:45:45the engineer, problem identifier and
1:45:48solution provider. You are a solution
1:45:51provider.
1:45:54You are providing a solution to the
1:45:56customer.
1:45:59I just say no soap.
1:46:03Soap
1:46:04your customer buys the soap.
1:46:08But really dand
1:46:12is providing a a solution.
1:46:21clean.
1:46:23So cleaning material,
1:46:28solution provider,
1:46:30critical thinking and good presenter,
1:46:33excellent storyteller, empathetic leader
1:46:36with curiosity and creativity mindset.
1:46:42Now who is the faculty customer,
1:46:48right? And then uh
1:46:52uh the the teacher teacher ask who is
1:46:54the faculty's customer?
1:46:59Think about it.
1:47:01Faculty
1:47:03professor Roy Dr.
1:47:07Alam and Dr. um murman all of these
1:47:13profitu that's all all these are
1:47:16[clears throat]
1:47:17all these are faculty
1:47:20so we're asking
1:47:23who is faculty's customer
1:47:25so very interesting faculty's customer
1:47:30see that C
1:47:33see here C
1:47:36customer who is that customer so faculty
1:47:39is customer are the students.
1:47:45Faculty's customer are the students.
1:47:48Remember that. That's it. You are the
1:47:51customer because you you are paying
1:47:55uh you paying the the expenses of the
1:47:59university
1:48:01through your individual um tuition fee
1:48:05or individual fee class fee which you
1:48:08are paying with that. So your capability
1:48:12today broken machine or unblocked
1:48:15opportunity.
1:48:17You are in fifth semester. An expensive
1:48:20piece of lab equipment breaks down.
1:48:23Stalling critical project. Everyone is
1:48:26waiting for a technician except the
1:48:29institute director offers to pay
1:48:3250,000
1:48:34if you get it running in 10 days.
1:48:37Machine
1:48:52the the students like you they you are
1:48:55not able to get the data
1:49:01because the machine is wrong machine is
1:49:03not working.
1:49:06So what would you do? Broken machine or
1:49:10unlocked opportunity. What are you going
1:49:12to do? So the team came together. Look
1:49:14at this. The team coming together.
1:49:19Team coming together. Right. So your
1:49:22choice.
1:49:25What is your choice?
1:49:28It's a broken machine or unluck
1:49:29opportunity. The choice decision. You
1:49:32report to the lab assistant and wait.
1:49:36lab,
1:49:39you know, I don't own the machine. I
1:49:41cannot do it. It's a
1:49:44fold.
1:49:48Try to fix it yourself using standard
1:49:51course manuals.
1:50:00Different technologies because it is a
1:50:02converged convergence of different
1:50:05technology.
1:50:06It is a complex you try to fix it. So it
1:50:10is a complex
1:50:12machine. So the obviously you know maybe
1:50:16you you want to roll up your sleeves and
1:50:18you say okay I will do it and then
1:50:23third option is diagnose the problem
1:50:26assemble a team and charge for the
1:50:28solution
1:50:32machine
1:50:35okay I'm going to get the team assemble
1:50:43or I'm going to uh and then I'm going to
1:50:47charge it for the solution. So what will
1:50:51be your answer?
1:50:53What will be your answer?
1:50:57That's what you have to think.
1:51:00So engineering fixes the machine
1:51:08but that machine is
1:51:13We cannot you know it is very hard for
1:51:16one person to really have all the
1:51:18expertise. You have to have a support
1:51:20from somebody. So engineering fixes the
1:51:24machine.
1:51:27Entrepreneurship fixes the problem for
1:51:31the paying customer.
1:51:33Right? The difference
1:51:36right
1:51:48let us fix that problem.
1:51:57So engineer looks at the broken machine
1:52:00and fixes it. An entrepreneur looks at a
1:52:04broken frustrating daily problem
1:52:08out of alignment.
1:52:11It is frustrating.
1:52:14An entrepreneur looks at the broken
1:52:17frustrating daily life problem fixes it
1:52:20using engineering and charges a fee for
1:52:23it.
1:52:24You do not need capital,
1:52:28right? You do not need capital.
1:52:31You need an eye for spotting things that
1:52:34are broken. Remember we talked about you
1:52:37do not need you do not need any money to
1:52:40become an entrepreneur. You don't to to
1:52:42find an unmet need. You don't need
1:52:44money.
1:52:45All you have to have is your eyes and
1:52:48ears open sharp.
1:52:54And in this class we'll only design
1:52:56projects where your financial risk is
1:52:59exactly zero.
1:53:02So next time you know when Tata, Vro,
1:53:05Samsung, Amazon, Mita, sale, IT
1:53:08companies etc. when they come to J for
1:53:10the interview campus placement next
1:53:12year, students will answer the question
1:53:16related to the subjects which they
1:53:19mastered in and they say well I cleared
1:53:21all my papers and I did very well
1:53:25right and in all the theory and
1:53:27practical papers but then your turn
1:53:30comes and you say yes I all that you did
1:53:34of course but then you say in addition
1:53:36to all the other things technical
1:53:38background
1:53:39uh sub mastery in my subject matter. I
1:53:43also built a prototype system that
1:53:46automated local market tracking for
1:53:49users by using free tools. Imagine you
1:53:53are telling that you did all this and uh
1:53:56with zero investment and you you did it.
1:54:02So
1:54:05you gain how do you gain advantage? You
1:54:08gain advantage.
1:54:13You You eye for spotting things that are
1:54:16broken.
1:54:20Eye for spotting things that are broken.
1:54:23Simple things around you. Let's look at
1:54:26our own state hearken. our college, our
1:54:29hostel, our playground, our village, our
1:54:32community, our home and spotting those
1:54:35broken things.
1:54:39Internship
1:54:41go fully prepared.
1:54:48What is their business?
1:54:50How do they make money?
1:54:52Where they are losing money?
1:54:55Which product? Which company produces
1:54:57are really uh in the market and they're
1:55:00accepted great. Uh there's a huge market
1:55:03for that. Which product which they are
1:55:05producing? There's hardly any any uh any
1:55:09any market for that. What are the
1:55:12problems? Major problems of that
1:55:14industry.
1:55:16financial information all the financial
1:55:19report
1:55:23for the for the internship
1:55:26faculty
1:55:28I want I have to have this information
1:55:30about this company
1:55:34all this information company those are
1:55:37all public information
1:55:40so so
1:55:42in this class getting ready to meet the
1:55:43challenge so in this class.
1:55:46You will learn to be a critical thinker.
1:55:52You will learn to develop mindset of
1:55:54creativity and curiosity.
1:55:57You'll become an excellent communicator,
1:56:00storyteller.
1:56:02You will become an empathetic
1:56:04leadership. That means
1:56:07strength.
1:56:10You'll be working in a team and team
1:56:12building.
1:56:14You will take full advantage of
1:56:18internship opportunity.
1:56:35communication
1:56:38all those things you will learn which
1:56:40which which you don't get that
1:56:42experience at at college importance of
1:56:45networking network
1:56:56all of you must have the the LinkedIn
1:57:00profile, LinkedIn profile
1:57:05and then who knows
1:57:11will become the
1:57:13will become the the Ratant Tata will
1:57:16become
1:57:18Mr. Jooshi will become Prashant Gandhi.
1:57:22Who knows
1:57:24this is become Naran Morti and so on and
1:57:27for Steven Jobs and Bill Gates right. So
1:57:33network
1:57:41discuss discuss give your ideas take
1:57:46other people's idea work with
1:57:48everybody's strength and then of course
1:57:50pick a right mentor and fully you will
1:57:54be when do all this you will be fully by
1:57:57end of this uh
1:58:00your your engineering uh study by the
1:58:03end of it you will be ready uh to be
1:58:06effective on day one of your
1:58:08professional career day one
1:58:13class you'll be ready with that and of
1:58:15course we'll do the business financial
1:58:17and business model creating a BMC for
1:58:20your project BMC business model so
1:58:25look at here sample problem just so
1:58:28problem
1:58:30problem. So farmer
1:58:47he cannot afford.
1:58:58So student it is a challenge for you. It
1:59:01is it is an unmet need which needs to be
1:59:04completed. So 30%
1:59:0930% basic and then
1:59:12middleman
1:59:14middle
1:59:1760% charge middleman 60%
1:59:29market
1:59:32increase I say right to
1:59:36farmer has a market access challenges
1:59:39inefficient logistic he has a market
1:59:42access challenges
1:59:45high temperature market access
1:59:47challenges that's that's also same thing
1:59:49inefficient logistics right
1:59:54so what do you do just imagine if you
1:59:57are able to get so so what what this uh
2:00:00what this
2:00:03team did at Jharkand University. What
2:00:06what they said? Oh, they used
2:00:10they use start making your
2:00:12infrastructure,
2:00:14smartphone or laptop,
2:00:17free Google sheet,
2:00:20basic WhatsApp business account which
2:00:24exactly cost zero rupees to create
2:00:26sample uh to simple network. The farmer
2:00:30produce farmer
2:00:33and what you did logistics.
2:00:48You get that information.
2:01:00needed farmers.
2:01:04Just imagine what you have done is you
2:01:06have brought farmers product produce and
2:01:09retailers together.
2:01:12All of a sudden
2:01:23T wastage come home, right? Wastage come
2:01:27home and then then of course that's a
2:01:29paying customer. So this has this uh all
2:01:33of a sudden uh the
2:01:36the student these students have become
2:01:39us took us solve a problem
2:01:50the students are able to do this. It's a
2:01:53small scale. Just imagine
2:02:09paying retailers.
2:02:14So
2:02:17internship
2:02:19internship is the founding stone of
2:02:21gateway to industry.
2:02:26and why students should be taking this
2:02:28class
2:02:30exposure to industry and industrial
2:02:32visit.
2:02:34These are all the your role in achieving
2:02:36the success. Yes. Yes. Why should I be
2:02:40you? Your question should be why should
2:02:41I be taking this class? Oh, I'm learning
2:02:44new things. I'm learning all of that.
2:02:47And keep updated with latest invention.
2:02:50Identify the local problem and
2:02:52solutions.
2:02:54participate in the competition.
2:02:57Lab equipment
2:02:59lab equipment.
2:03:02Learn to use those lab equipment.
2:03:08And so you you use that
2:03:15to make a point to report to your to to
2:03:19your faculty to your professor.
2:03:25or problem is just go directly tell tell
2:03:29the principle that it has to be fixed
2:03:33and uh so uh what I will do is uh I'm
2:03:39just going to finish this and I'm going
2:03:40to go back and have uh professor Roy
2:03:44comment on this. So knowledge base gives
2:03:46graduate the prime tool to enter the
2:03:48world of opportunity.
2:03:52Moving from mindset to mind shift gives
2:03:55our student key to become solution
2:03:58provider.
2:04:01You are a solution provider. The
2:04:03critical thinking, excellent
2:04:04storytelling, empathetic leadership
2:04:07skills equips you to solve any problem
2:04:11coming your way.
2:04:13The engineering labs are equipped with
2:04:15the tools and test equipment for uh for
2:04:19students.
2:04:20So mindset of an entrepreneur
2:04:25is a problem solver.
2:04:28Anyone can be a problem solver by
2:04:30cultivating creativity and and
2:04:33curiosity.
2:04:38Every one of you
2:04:49there is no secret to it. The AI has
2:04:52made the knowledge based economy
2:04:54obsolete has replaced it with curiosity
2:04:57and creativity based economy. be a
2:05:00leader in adopting this
2:05:04a pre- AI time the economy time was
2:05:08knowledge based economy and the country
2:05:11individuals who had that knowledge
2:05:13access to the knowledge had the
2:05:14advantage in and in the education
2:05:18students memorize the formula process
2:05:20etc has made knowledge based economy
2:05:24obsolete
2:05:26I would request professor Roy professor
2:05:28Roy can Can you please uh uh just talk
2:05:32about this uh uh uh the internship
2:05:37please? Can you and then we we'll take
2:05:40the question after that.
2:05:44I think internship
2:05:46is one of the most important time
2:05:51that is going to expose every student
2:05:54to what goes on in the industry. It will
2:05:58expose you
2:06:06and
2:06:11responsibility
2:06:13and your responsibility is not only to
2:06:17know the problem.
2:06:19Your responsibility is to collect the
2:06:23data. Your responsibility is to improve
2:06:26the process. Your responsibility will be
2:06:29cost-saving. Your responsibility will be
2:06:32to address all the customer related
2:06:35issue. Your responsibility will be how
2:06:38to test the product. Your responsibility
2:06:41will also be that testing the product
2:06:45your tester that tester to tester
2:06:47variance.
2:06:50What are the different steps that are
2:06:52required in order to make sure that the
2:06:55product will meet all the customer
2:06:58requirement?
2:07:00What are the
2:07:02what are the things that you are going
2:07:04to control to make sure that every
2:07:07product meets engineering
2:07:10specifications?
2:07:16internship.
2:07:19The more you learn
2:07:22in your internship,
2:07:25start asking these questions.
2:07:30How how do you start collecting the
2:07:32data? How do you measure things?
2:07:38Instrumentation. Basically, their
2:07:40purpose is to validate a product.
2:07:47It's very important
2:07:53is going to be directly used by all the
2:07:57industry.
2:07:59Now let me ask you a question.
2:08:02Many of you might be confused.
2:08:06You have to be curious. You have to be
2:08:08entrepreneur.
2:08:11The easiest way is her college may
2:08:16there are lot of competition that are
2:08:18being held lot of heath
2:08:24if you do not have the problem at hand
2:08:29go and take up these projects because
2:08:31they are the problems they have been
2:08:34sent by most probably government of
2:08:36India government of Jarkand or or many
2:08:39other universities
2:08:40who are trying to find out the potential
2:08:43solution to a problem. The problem
2:08:46statement
2:08:49pick up those take that as a challenge.
2:08:52The chances are you may do good, you may
2:08:55not do good in the first instant.
2:08:58So this is where
2:09:01it comes up that failures are known as
2:09:05the pillar of success. Why is that? Yes,
2:09:09failure will only be pillar of success
2:09:12if you keep yourself motivated in
2:09:15solving the problem. First time
2:09:18competition may you may not have done
2:09:20very well but
2:09:22be knowledge gain and if you implement
2:09:25that in your second competition the
2:09:28chances are you're going to be better
2:09:30prepared to do that. as say as an
2:09:33entrepreneur it's not certain that
2:09:36whatever project that you're doing will
2:09:39be successful because of one or the
2:09:42other reason
2:09:45it may not be as successful as what you
2:09:49intended to do. However,
2:09:52you can always pivot and do better next
2:09:56time
2:09:58easily. That is why don't give up. If
2:10:01you give up then failures will become a
2:10:04failure. But if you take that as a
2:10:07challenge and say I'm going to fix this,
2:10:11the chances are you're going to do much
2:10:13better. So take this as a challenge
2:10:17competition.
2:10:20It is an opportunity for you to build
2:10:22your own network.
2:10:24Not only college friends but when you go
2:10:28to this competition you're going to meet
2:10:30many more students like yourself
2:10:34and you're going to create that
2:10:36partnership with them. So easily it's
2:10:39very very important take parts because
2:10:42uh you're always going to learn from
2:10:45this
2:10:47and uh then it
2:10:52is directly applicable to your job
2:10:55surely you'll be successful entrepreneur
2:10:59industry every job is like an
2:11:01entrepreneur forget it you know it's
2:11:05different you're going to be working in
2:11:08the industry and you're going to be
2:11:09guided by others. That is not the case
2:11:13because you are responsible and you'll
2:11:17be asked to resolve the problem. That is
2:11:20why you are hired
2:11:23to mindset and we are teaching you all
2:11:27those tools that will make you
2:11:29successful.
2:11:30>> Okay. So let's let's open this up for
2:11:33questions. You know if you have any
2:11:34question please uh
2:11:36>> yeah one thing I want to say so whatever
2:11:38we covered today
2:11:41that's what is going to be in your exam
2:11:47okay so all practical this is remember I
2:11:50I mentioned that earlier also
2:11:56class
2:11:58and you've gone through this today you
2:12:01will you will do okay So I want to wish
2:12:04all of you very best or critically best
2:12:08preparation is
2:12:12go through this and talk about this more
2:12:15and more you talk better you will be off
2:12:18okay all right
2:12:21go ahead you saying sorry
2:12:24>> no I said if there's any more questions
2:12:27that uh
2:12:29>> that comes up in your mind this is a
2:12:32time to please raise your hand
2:12:35>> and uh unmute yourself and ask your
2:12:38questions.
2:12:40>> Not only questions
2:12:42>> but also suggestions and uh you know
2:12:45what's in your mind and how we can
2:12:46improve things also.
2:12:48>> Yeah.
2:12:48>> And and also professors
2:12:51faculty who are there please uh feel
2:12:54free to comment on uh on this uh today's
2:12:59session. We'd like to hear that.
2:13:02Okay, Ammon, please unmute yourself and
2:13:07express your thoughts.
2:13:13>> Good morning, sir.
2:13:16>> Morning.
2:13:16>> Good morning. Go ahead. Ammon.
2:13:19>> Uh, first of all, my name is Aman Patel
2:13:21and I am from government.
2:13:25>> Very good,
2:13:26>> sir.
2:13:28Questions.
2:13:32Fix mindset
2:13:40questions
2:13:55like PLC
2:14:04or
2:14:09okay. So whom do you think will benefit
2:14:13more
2:14:16working for an industry or working for
2:14:19PLC?
2:14:26Second person.
2:14:54I think you're absolutely right or again
2:14:58it is it is your particular need.
2:15:02If you want to specialize yourself then
2:15:05go ahead and specialize in any
2:15:07particular branch that you want to do
2:15:09it. But if you're going to work for an
2:15:12industry, you need to be an allrounder
2:15:17and an internship will give you
2:15:22uh will give you a place where you can
2:15:24learn industry.
2:15:28So thank you. Thank you. You did answer
2:15:30yourself the question. Very good. And
2:15:33that is the correct thing to do. Or and
2:15:37what was your first question? Professor
2:15:42first question
2:15:47sir can I repeat first question your
2:15:49first yes
2:15:55mindset
2:15:57growth mindsetreneur
2:16:14entrepreneur.
2:16:16Yeah.
2:16:19Industry. Every engineer is an
2:16:22entrepreneur
2:16:25because you are there to solve a
2:16:27problem.
2:16:32Think about that.
2:16:38Everyone has to have that mindset to
2:16:41solve a problem and it is it is more
2:16:46critical in industry. Jer competition is
2:16:50at a very highest level.
2:16:53So if you do not then you're going to
2:16:58competition.
2:17:06Okay, sir. Thank you. All right. I I
2:17:08hope I've made my point very clear and
2:17:13bas
2:17:19and and after gaining experience most
2:17:22probably you'll become an expert and
2:17:25start your own industry.
2:17:29Vishnu, Vishnu, you're disturbing the
2:17:31class.
2:17:33Vishnu,
2:17:35please mute yourself. Mute.
2:17:39>> So, I hope I hope you got your answer.
2:17:44>> Yes sir.
2:17:45>> Thank you.
2:17:48>> Yeah. So most most important
2:17:52thing in in this is the self self
2:17:56building self-confidence
2:18:00right and then
2:18:04change
2:18:06you are lucky
2:18:15Her cheese
2:18:24you can convince
2:18:29mindset
2:18:32get him to know about this
2:18:35chat GP
2:18:46Okay. So that's
2:18:50problem
2:18:56what are the unmet need in and around my
2:18:59home.
2:19:01Right? This is
2:19:13problem solve.
2:19:16So you got to know
2:19:26AI entrepreneurship
2:19:28that is the next big thing which is
2:19:30happening.
2:19:32including
2:19:43entrepreneurship class.
2:19:47We are going to include we are going to
2:19:50include the uh
2:19:53the AI content of it.
2:19:58your agent where you know the students
2:20:00can fill the agent and you know find
2:20:03start using the agent to do the to do
2:20:06the uh do the easy work for them
2:20:11>> and go ahead please unmute yourself
2:20:17>> good morning sir
2:20:19>> good morning
2:20:21>> sir I'm from government politic and I
2:20:24have two questions my First question is,
2:20:28have you ever funded someone to do
2:20:30certain work or certain business work
2:20:32for you or for somebody else or for
2:20:34government?
2:20:39>> Okay, that's first question. What is
2:20:41your second question?
2:20:43>> Sir, my second question will be coming
2:20:45after once you have answered the first
2:20:48question.
2:20:50>> Okay. Yeah, sure. You know during during
2:20:53the time when I used to work for
2:20:55corporation or even as an entrepreneur
2:20:59we hired lot of students especially who
2:21:03became interns in our corporation
2:21:07because at intern they had the
2:21:09capability of proving themsel with their
2:21:11knowledge expertise and and with the
2:21:15mindset of solving problems. So, so it's
2:21:18it's true if you are a good
2:21:23>> good in solving problem and especially
2:21:26when you join join a company doing
2:21:28internship you're going to be hired in
2:21:31that company high five high opportunity
2:21:34that you are going to be hired in that
2:21:35company.
2:21:40All right sir. So my second question is
2:21:43what is the biggest technical bottleneck
2:21:46or legacy constraint currently slowing
2:21:49down the economy and the previous work
2:21:52that they have those previous teams has
2:21:55faced due to those working hours and the
2:21:59project that they have been building for
2:22:01the government and for your business and
2:22:04how did they actually solve those
2:22:06bottlenecks and those problems during
2:22:09their book.
2:22:12>> I do not know the answer to that
2:22:14particular question.
2:22:18But remember one thing
2:22:22first and foremost is
2:22:25when you're trying to develop a product,
2:22:27it must meet a need. It must solve a
2:22:33problem for a customer.
2:22:36And then
2:22:38you have to go ahead and design it in
2:22:41such a way that you are able to develop
2:22:45and provide that solution to the
2:22:47customer.
2:22:52Then obviously
2:22:54there is something that is missing.
2:22:57government may be
2:23:00if they are not able to fulfill the need
2:23:03or the service that they are trying to
2:23:06provide there's always an issue that
2:23:08comes up and questions will be asked
2:23:19and try to do the best in whatever you
2:23:23do.
2:23:25>> All right sir. So after hearing those
2:23:27two questions answer, I have actually
2:23:30found a really good insight about it and
2:23:33there is one more question that I would
2:23:35like to ask you. Would you mind asking
2:23:37it?
2:23:38>> May sure go ahead please.
2:23:41>> [clears throat]
2:23:42>> So sir, I was actually planning to build
2:23:44a solar product that is going to help
2:23:48you increase the capacity of the power
2:23:51that it going to generate over the years
2:23:54that it will be going to work and there
2:23:56are few things that I would like to
2:23:59include in that product and the first
2:24:03second third capabilities would be the
2:24:06protection of the solar power. As you
2:24:09already know that every single solar
2:24:11power that India is importing are really
2:24:14thin and they are really really bad when
2:24:16it come to Ola. You all no you know that
2:24:20Ola is
2:24:23a really bad thing for the solar
2:24:26when it crashed into the solar panel. It
2:24:29just crack or just broke the solar panel
2:24:32which completely broke the
2:24:35[clears throat]
2:24:36use of the solar panel and the owner has
2:24:39to completely replace the solar panel
2:24:41and get a new one. So my first
2:24:45target would be to create a product
2:24:47which is going to protect the solar
2:24:49panel and the second thing I would like
2:24:52to include in that product will be the
2:24:55cleanup of the solar panel. As you
2:24:57already know, every single thing that
2:25:00every single customer that is currently
2:25:03purchasing the solar panel is just
2:25:06completely forgetting that they have
2:25:07solar panel. They just
2:25:10don't want to clean up their solar panel
2:25:13which just decrease the efficiency. And
2:25:15you have also seen those solar panels in
2:25:18the government or in field that are
2:25:21completely covered in tur. So you can
2:25:24just
2:25:26imagine that the efficiency of the solar
2:25:28panel has completely decreased over the
2:25:30years. So my second target would be to
2:25:34develop a system that
2:25:36clean up the solar panel every single
2:25:38day or every single month
2:25:41depending on the efficiency. Let's say
2:25:44that
2:25:45a new solar panel is currently producing
2:25:4810 GW and over the months that solar
2:25:52panel has decreased from 10 GW to 5 GW
2:25:56and my product would going to
2:26:01uh my product would going to analyze how
2:26:04did that 10 G drop down to 5 GW and
2:26:08there are few things that solar panels
2:26:12get decreed. increase the efficiency and
2:26:15the first problem would be the first
2:26:18problem are definitely the dust. The
2:26:21second problem is definitely the poor
2:26:24quality of solar panel and in India the
2:26:28first problem is the only problem that
2:26:31is currently decreasing the efficiency
2:26:34of the solar panel. So my so with the
2:26:37second target we going to target the
2:26:41efficiency and third target would be to
2:26:46give a complete dashboard to the
2:26:50customer that um [clears throat] on that
2:26:53dashboard the customer can see the
2:26:57efficiency and the production of the
2:26:59solar panel. That way the
2:27:03that way [clears throat]
2:27:06the customer I I I I got it. I got it
2:27:09what you're trying to say and I want to
2:27:12support you with this. You know it's
2:27:13it's a great thing that you have
2:27:16analyzed number one uh hopefully what
2:27:21are the causes of failure
2:27:23>> and number two what are the corrective
2:27:26actions that you're going to take to
2:27:28make sure that uh the solar panel return
2:27:32back to the efficiency as per the
2:27:36specification of the product to go and
2:27:41uh good luck to It's a great project
2:27:45and hopefully there'll be a lot of
2:27:48demand and especially gaw.
2:27:52So the chances are you're going to work
2:27:54with a large corporation because those
2:27:56are the ones who generate in gawatt of
2:28:00power
2:28:03you know
2:28:04rooftop
2:28:07and see whether you are able to achieve
2:28:10what you thought would really do it
2:28:14expand. Remember remember one thing
2:28:17circle of influence
2:28:25or millennials because everyone has the
2:28:28same problem. So aren't you aren't you
2:28:31sure? Good thing go ahead and do it.
2:28:36Anu one other thing I'll tell you what
2:28:39you should do is you should try to find
2:28:41out what are the cleaning uh uh what are
2:28:46the cleaning equipment
2:28:49how currently industry is doing that
2:28:51because there are a lot of companies
2:28:53>> who who are in the cleaning thing so do
2:28:56your homework there before spending too
2:28:59much money just find that out okay right
2:29:05good that was a good could think what
2:29:06professor said.
2:29:08>> All right.
2:29:09>> Okay. Manu
2:29:11Mantu, please unmute yourself and ask
2:29:14your question.
2:29:21Gorav uh you are next. Please uh unmute
2:29:24yourself. Ask a question.
2:29:26>> Good morning sir. My name is
2:29:32>> Sir. My question is that
2:29:35what is the main difference between
2:29:36startup and the traditional business?
2:29:44Okay, I think we went through that, you
2:29:47know, all the time.
2:29:50I always talk about
2:29:53the traditional industry startup
2:29:59youthfulness.
2:30:01So I I'm sorry.
2:30:11applicable to your job at any industry.
2:30:18Seriously,
2:30:19read the notes. Read the notes that are
2:30:22being sent
2:30:24>> and and then be prepared. Prepare then
2:30:27you're going to appreciate what you're
2:30:30learning in this class a little bit
2:30:31more. [clears throat]
2:30:34Whenever I speak, whenever Surish Roy
2:30:37speaks, he speaks about the application
2:30:40of what you are learning here in the
2:30:43real life of an industry
2:30:46and encourage
2:30:48key. Try to go and talk to your family.
2:30:51Try to talk to your friend whoever is an
2:30:54engineer and ask him
2:30:57what is their roles and responsibility
2:31:00so that you understand that much better
2:31:03and you'll be prepared
2:31:07in that particular job uh to be very
2:31:10very effective. So I I can just
2:31:13summarize this in one sentence.
2:31:19secret will be directly applicable not
2:31:22only for your entrepreneurship
2:31:25but also at your work job no matter
2:31:28which work you're going to do this will
2:31:31be directly applicable to that
2:31:34I hope uh I hope I've made myself very
2:31:37clear I encourage you do not miss any
2:31:41class because you are learning
2:31:45here what you'll be using for the rest
2:31:48of your life.
2:31:50All right, Gorov, please unmute
2:31:52yourself. Ask a question.
2:32:02>> Rim, please unmute yourself. Ask your
2:32:05question.
2:32:21Anika please uh unmute yourself ask your
2:32:24question.
2:32:26>> Sir good morning sir. Good afternoon
2:32:29sir.
2:32:29>> Good afternoon sir.
2:32:32Okay P just hold on and Shika
2:32:34[clears throat] please go on.
2:32:35>> Sir earlier you said about some
2:32:37suggestions so I wanted to ask you to
2:32:40please include some case studies in the
2:32:44upcoming lectures also because case
2:32:46studies would be very helpful to
2:32:49navigate or learn about new things about
2:32:53entrepreneurship.
2:32:56>> Absolutely. Absolutely. uh and uh you
2:33:01know we always have some guest speakers
2:33:03who come in
2:33:04>> and uh those are the case studies that
2:33:07they'll be talking about
2:33:10>> a uh you know we had uh pretty nice
2:33:14speakers
2:33:15come in and and uh speak about their
2:33:19experience
2:33:21and I I do not know
2:33:27guest figure invite
2:33:32but
2:33:35>> I have not yet attendance attended that
2:33:38lecture.
2:33:39>> Okay.
2:33:41>> Yeah. So so we will have we will have uh
2:33:46uh the case studies as as part of the
2:33:48curriculum. It will we will be uh we
2:33:52will be talking about it
2:33:55>> after after
2:33:56>> actually one one of the course that I'll
2:33:58be taking up will be a case study about
2:34:01uh new product introduction and what
2:34:04steps are really taken in order to
2:34:08make it uh these new products from
2:34:11protos to manufacturing
2:34:14and and what are the steps that are
2:34:16involved.
2:34:18So I I will go through I will go through
2:34:21that in details.
2:34:28>> Okay. Pre if you want unmute yourself
2:34:31and please.
2:34:37>> Okay.
2:34:49Prem,
2:34:49>> do you have a question? Preje
2:34:56something.
2:35:02>> Hello.
2:35:04>> Yes.
2:35:05>> Yes sir. I have a questions. participate
2:35:08in ideal pitching competition. Wine idea
2:35:12that that one machine.
2:35:21How was the plant is good? Not
2:35:29questions.
2:35:48market.
2:35:56Okay. And and and how many of those
2:35:59customers that you talk to?
2:36:0310
2:36:06customer to talk to
2:36:09in local areas.
2:36:11>> Okay. 10 customers is pretty good. So
2:36:16now now is challenge to you
2:36:22machine
2:36:24will involve a lot of money my friend.
2:36:30What would be prototype or cost because
2:36:34you have to give certain
2:36:38cost to the customer
2:36:40and and depending about the cost whether
2:36:44he's going to buy or not will be a
2:36:46decision that the customer will be
2:36:48taking. If you're able to produce and
2:36:51meet his requirement,
2:36:54uh you're going to be successful.
2:36:58Once you have a prototype done, you're
2:37:00going to have hundreds of customers.
2:37:06Detail
2:37:09how you're going to do it, what is the
2:37:11process and uh and build up material.
2:37:22maintenance.
2:37:28So you have to think all of that. But if
2:37:31you have 10 customers, you're on the
2:37:33right path. Go ahead.
2:37:48High cost.
2:37:57So plan is good but you are not.
2:38:01>> No it's a good plan. It's a good plan
2:38:03but low cost does not mean low quality
2:38:07quality high
2:38:10at a competitive pricing.
2:38:16Quality is good, but
2:38:3015,000
2:38:3315,000
2:38:3415,000
2:38:36competition machine
2:38:4130 to 35,000
2:38:4430 to 35,000. Okay.
2:39:02Multiply that by 10
2:39:0515.
2:39:16Ultimately when you start building in
2:39:18hundreds most probably you will reach
2:39:21that cost of 15 15,000.
2:39:33I'm just telling you from my experience.
2:39:37So until you're ready, unless you're
2:39:41ready to spend 150 uh uh 1.5 lakhs,
2:39:49don't don't go into it.
2:39:55machine
2:39:58there'll be a lot of tooling cost that
2:39:59will be involved.
2:40:08Yes.
2:40:13Yeah. What you should do is why don't
2:40:16you write your plan what you want to do
2:40:20and share it with professor Roy.
2:40:23Okay. and then then uh then we can give
2:40:26you a better you know judgment this is
2:40:29right now uh not knowing anything uh but
2:40:34that's what input you got in uh
2:40:39professor Roy what he said those are
2:40:42very real number what he talked about
2:40:52expenses marketing expenses. So, so it
2:40:56is not
2:41:05labor or
2:41:07material cost.
2:41:20the other expenses overhead.
2:41:23So financial
2:41:26and then send it to send that
2:41:31send that and then then we can give you
2:41:33the input.
2:41:36Okay.
2:41:37>> Okay. Okay.
2:41:49You will get
2:41:53hopefully this idea will work for you.
2:41:55If not, you will have enough experience
2:41:57to start another idea.
2:42:01Okay?
2:42:04Strong team
2:42:06and you'll do very well.
2:42:12You are thinking about it.
2:42:16Thank you sir.
2:42:22Rajnumar please unmute yourself or
2:42:27question.
2:42:35>> Good morning sir.
2:42:37>> Good morning.
2:42:41Government
2:43:07India labor is still so cheap.
2:43:11until automated machine
2:43:16start with the labor first
2:43:18and then depending upon the demand
2:43:22you can start incorporating machines
2:43:25over there.
2:43:27So just just so that you do not
2:43:31overspend money and overdo things which
2:43:34are really not required.
2:43:38Case proof clear use the traditional
2:43:42method that is available.
2:43:48Okay.
2:43:51Yes sir. S question
2:44:13I have no idea.
2:44:15The best thing is because you are you're
2:44:18trying to go into that business. So
2:44:22you know just go around and see how
2:44:24others are handling this and experience
2:44:30improve but mostly
2:44:35try to put them under shade and shade
2:44:40uh it will meet your requirement just
2:44:42like summer and winter time.
2:44:46So Suraj ask that question to chart GPT
2:44:50or or Gemini.
2:44:58>> Okay sir.
2:44:59>> Okay. Are you familiar with chat GPT and
2:45:02say Gemini?
2:45:06>> Yes sir.
2:45:07>> Good. Perfect. Okay.
2:45:14All right. Good. Okay.
2:45:18>> Thank you so much. All right. Okay.
2:45:20Students, I think uh the the time is now
2:45:24it's it's just I think your next class
2:45:27will be coming soon. So I hope I hope
2:45:30today's uh session was uh uh the main
2:45:34purpose was going through the revision
2:45:37for the uh for the first midterm and uh
2:45:41just go and uh uh look at the videos uh
2:45:45which we sent you earlier and look at
2:45:47this uh today's uh today's uh slide deck
2:45:54and uh just think about it. Critical
2:45:57thinking. Critical thinking.
2:46:02Critical thinking.
2:46:16If there are no question I'll I a
2:46:25professor Roy you want to take AJ's
2:46:26question please.
2:46:27>> Yeah yeah yeah a please uh unmute
2:46:30yourself
2:46:31and and ask a question or opinion or
2:46:35suggestion.
2:46:36Go ahead please. Good afternoon sir.
2:46:42Sir
2:46:45Farmer
2:46:58do you think
2:47:01sir? I don't know about that sir.
2:47:14Guess guess take a guess.
2:47:30Okay.
2:47:33Exactly.
2:47:36And and you can
2:47:40you can also support farmers by working
2:47:43in companies
2:47:46that is trying to automate farming
2:47:56indirectly. You'll be helping the
2:47:58farmers.
2:48:04Farmers life is not easy. You're
2:48:07absolutely right. Yeah.
2:48:10Because the land is so expensive
2:48:15or or or farmer is so much dependent on
2:48:18the weather, right?
2:48:22Control and those are the two major
2:48:25things why the smaller farmer have much
2:48:28much difficulty.
2:48:30So, so this is that's the reason why
2:48:34uh why people are not going into the
2:48:38you know going into the farming. This is
2:48:42a professor
2:48:46farming land is being divided.
2:48:50So
2:48:54and then it becomes
2:48:57>> unprofitable to do farming on a business
2:49:02level when the farmers when the farm is
2:49:05very very small
2:49:09or using any other devices.
2:49:12>> Yeah.
2:49:18population.
2:49:19So obviously you know that is why the
2:49:22farming land is becoming smaller and
2:49:24smaller with time.
2:49:28A very good question, very good thought.
2:49:37your intention
2:49:42you want to somehow
2:49:44uh work you have interest in the in the
2:49:49farmers.
2:49:50>> Yes.
2:49:52>> That's it. So just keep keep that keep
2:49:54that up.
2:50:00example
2:50:06free
2:50:08how they able to help one farmer. Same
2:50:12kind of thing you know that can be done
2:50:16farmer
2:50:22spoilage
2:50:24and then market
2:50:32is
2:50:37Direct local hyper local hotel.
2:50:44That's very good.
2:51:02So define
2:51:07farmers need unmet need problem
2:51:12right.
2:51:13and then then you provide the solution
2:51:16to that problem with your intelligence
2:51:19and with your uh uh with your smart uh
2:51:23AI tools which are available for free
2:51:27and you can you can just pick you know
2:51:30pick pick two or three farmers and you
2:51:32know give them a solution and see
2:51:34whether you are able to succeed in your
2:51:36mission or not.
2:51:38>> Yes sir.
2:51:39>> Okay. Government
2:51:49government
2:51:55employment
2:52:01entrepreneurship.
2:52:04So
2:52:10and sure
2:52:14government will will help. There are lot
2:52:17of
2:52:20opportunity government will help.
2:52:21Actually,
2:52:38but I will make it happen.
2:52:44But I will make it happen.
2:52:48then
2:52:49>> then the government will will definitely
2:52:52support you because
2:52:54>> I think
2:52:56I think
2:52:58district
2:53:00magistrate
2:53:02sir
2:53:02>> and do not hesitate
2:53:07that this is in my mind and this is
2:53:10going to solve this particular problem
2:53:12and uh how does this idea attract to him
2:53:18and uh Aar if he's ready to buy your
2:53:21idea again you have to tell a story in
2:53:25such a way that he will be compelled to
2:53:31buy your idea and say go ahead and
2:53:34implement it
2:53:38the story should be how the farmers are
2:53:41going to benefit from this
2:53:43>> yes sir
2:53:45>> good They are very good
2:53:50because after all DC will be very happy
2:53:54if there is some solution that is
2:53:58provided to bring to uplift the farmer's
2:54:01life.
2:54:02Yes sir.
2:54:12Absolutely. Absolutely.
2:54:19Engineering student right there students
2:54:21from agriculture industry
2:54:27because
2:54:30they are going to substitute
2:54:33your knowledge.
2:54:36come engineering and agriculture
2:54:39engineers if they start working together
2:54:42you're going to come up with much better
2:54:44solution
2:54:46to again it's all teamwork how well you
2:54:49can establish your team in this and and
2:54:53go to the source and and find out from
2:54:56DC what are the different sources of
2:55:01fund that are available for these type
2:55:03of job and assignment
2:55:06Yes sir. Thank you sir.
2:55:08>> Okay.
2:55:26Say that again.
2:55:33No, no, no, no. It will be written
2:55:38English.
2:55:44Yes, sir.
2:55:47College. Yes. Thank you, sir.
2:55:58Thank you, sir.
2:56:00Okay. Good.
2:56:02Okay. All right. So, thank you very
2:56:05much, Professor Roy, and thank you
2:56:06students and thank you all the faculty
2:56:10who
2:56:12were kind enough to stay today and uh uh
2:56:16we'll um I'm looking forward. So we'll
2:56:18have our uh next class on on
2:56:23uh which will be on
2:56:27uh on on
2:56:30se uh no sorry 8 9 10 uh November 10th.
2:56:40Okay.
2:56:44All right.
2:56:46Okay. Very good. Then
2:56:50good night and have a wonderful and good
2:56:52luck to all of you. Good luck to all of
2:56:55you for in your midterm exam. And just
2:56:59whatever we covered today that should be
2:57:03that should give you uh enough uh
2:57:07uh enough material and and hopefully you
2:57:11will do well because it's all about the
2:57:13critical thinking. It's all about
2:57:15critical thinking.
2:57:17and curiosity and creativity. These are
2:57:19the three things. All these questions
2:57:21are actually from that uh uh that will
2:57:24be testing your creativity
2:57:27uh your critical thinking and curiosity.
2:57:31All right. Thank you. Thank you,
2:57:33Professor Roy. Thank you so much. Last
2:57:35word. You want to say something? And
2:57:38Professor Roy.
2:57:40>> Yeah. You know it's it's always
2:57:42enjoyable talking to students and some
2:57:46of them have really good ideas.
2:57:50>> Yeah. And uh and these ideas should be
2:57:53converted
2:57:55into projects
2:57:58project share professors university
2:58:02because
2:58:04these are the ones that are going to
2:58:07change the conditions of farmers or or
2:58:11uh the project that you have done
2:58:14>> before that
2:58:17different type of competition
2:58:20smart DJ.
2:58:22Form a team and join that competition.
2:58:25You have nothing to lose but everything
2:58:28to gain from those competitions.
2:58:40every time you participate.
2:58:44>> All right. Okay.
2:58:47Thank you very much. And you know, okay
2:58:50students, it's midnight here. 12 3
2:58:53minutes past midnight.
2:58:56So um saying from Silicon Valley goodbye
2:59:01and have a wonderful uh rest of the day
2:59:05and wishing you all the best for your
2:59:07midterm exam and looking forward to u
2:59:12see you after the after your first
2:59:15midterm. Thank you. Thank you
2:59:19professor Roy. Thank you.

About this transcript

This page contains the full transcript of Entrepreneurship Mid-Sem Exam Ki Poori Revision | Full One-Shot Class! 🚀 by MSM Story World, generated from the public captions YouTube serves with the video. The transcript has 13,547 words across 2,636 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.