LE01

INTRODUCTION

Inspiring, insightful and incredible are the words that come to mind when we think about the first lecture of POM @ NITIE. Dr. T. Prasad (or is popularly and lovingly called Dr. Mandi) greeted us with a warm smile and vibrant enthusiasm.

LECTURE PROCEEDING

Since it was the first lecture it started with introduction about the course and aware of the people about Mandi and its objective. I remembered Dr. Prasad visiting my engineering college last year where he shared a very thought provoking one liner “Socho Becho……Becho Seekho…..Seekho Socho”. I shared the same with the class. This thought is the very root from which the idea of entrepreneurship arises. Any person who starts a company on his own will only learn and excel from the mistakes that he commits at the start. In order to succeed you must fail.

Here the question arises  “Why must one Fail?”…….It is better to fail in the begin than later as you learn not to commit your mistakes later

Also after every step you take you must stop and think if this went well what can I do to make it better???

This is were the concept of smart goals comes into picture

SMART

Once you plan your project, turn your attention to develop several goals that will enable you to be successful. Goals should be SMART - specific, measurable, agreed upon, realistic and time-based.

Specific

1. Well defined.

2. Clear to anyone that has a basic knowledge of the project.

 Measurable

1.Know if the goal is obtainable and how far away completion is.

2.Know when it has been achieved.

 Agreed Upon

1. Agreement with all the stakeholders what the goals should be.

 Realistic

1.Within the availability of resources, knowledge and time.

 Time Based

1.Enough time to achieve the goal.

2.Not too much time, which can affect project performance.

SUMMARY

We Learnt the importance of entrepreneurship and were able to understand the importance of Mandi and left everyone eager for more and inspired.