Entrepreneurs

This group is for people who share the Entrepreneurial spirit and want to start a industry on their own after AN MBA

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Recent Posts

Ravi Agarwal

can u pls tell the fudna of business of say "Just Dial Pvt.Ltd"-- how do they earn money by providing the service online???

Dec 05, 2008 11:51 AM

Arul Ravindran

My dream is in the Biotechnology sector, I believe that Biotechnology is a largely under developed and highly profitable sector which is literally without any competition in the SME segment...there are only a few large players in the sector...last century was the century of physics but this century is going to be the century of biology...Our world is going to change radically due to biology mark my words...Global food insecurities, sustainable development , lack of resources and health care are few of the instances were biology more than any other field can have a profound impact....I did my B.Tech in Industrail Biotechnology from Centre For Biotechnology, Anna University, it is a industry oriented program so learned how to use what we learn in industries...but need to learn how to make and then sell what we make through an MBA...Going to join this academic year...

Apr 23, 2008 8:17 AM

Ajmal

I want Support from Group that How we can Enhance the Effectiveness in Education.
This is My Mission and Passion as well.
I have given a name to this mission is::: SHIKSHA
Come Lets Join this Mission and translate the Dream of SHIKSHA into Reality.

Apr 20, 2008 7:39 AM

Kamal Wadhera

pls let me know about your entrepreneurial pursuits

Feb 29, 2008 10:10 PM

Arul Ravindran

Im gonna start discussing how entrepreneurial spirit \"RAY KROC,McDONALDÕS, that changed the THE FAST-FOOD INDUSTRY forever In 1954, a fifty-two-year-old milk-shake machine salesman saw a hamburger stand in San Bernardino, California, and envisioned a massive new industry: fast food. In what should have been his golden years, Raymond Kroc, the founder and builder of McDonald’s Corporation, proved himself an industrial pioneer no less capable than Henry Ford. He revolutionized the American restaurant industry by imposing discipline on the production of hamburgers, french fries, and milk shakes. By developing a sophisticated operating and delivery system, he insured that the french fries customers bought in Topeka would be the same as the ones purchased in New York City. Such consistency made McDonald’s the brand name that defined American fast food. By 1960, there were more than 200 McDonald’s outlets across the country, a rapid expansion fueled by low franchising fees. Ray Kroc had created one of the most compelling brands of all time. But he was barely turning a profit. Ultimately, it was his decision to use real estate as a financial lever that made McDonald’s a viable operation. In 1956, Kroc set up the Franchise Realty Corporation, buying up tracts of land and acting as a landlord to eager franchisees. With this step, McDonald’s began to generate real income, and the company took off. Kroc then introduced national advertising programs to support the rapidly proliferating franchises, and when it appeared that growth in the company’s home territory was slowing in the early 1970s, he started an energetic and successful push to make McDonald’s a global presence. Throughout the company’s spectacular growth, Kroc maintained a delicate balancing act, imposing rigorous system-wide standards while encouraging an entrepreneurial spirit that welcomed ideas from all levels. Many of these ideas contributed to the company’s astonishing success. In amassing a $500-million fortune, the king of the hamburger transformed the nation’s cultural landscape and forged an industry that is among America’s greatest exports. The widely imitated success of McDonald’s offers an excellent example for today’s managers and executives searching for greater production efficiencies. By putting the humble hamburger on the assembly line, Kroc showed the world how to apply sophisticated process management to the most prosaic endeavors. To succeed the McDonald’s way, companies must define the basic premise of the service they offer, break the labor into constituent parts, and then continually reassemble and fine tune the many steps until the system works without a hitch. Today, companies engaged in delivering pizzas, processing insurance claims, or selling toys benefit from the kinds of systems that Ray Kroc pioneered. To the degree that such operations maintain quality control, and cherish customer satisfaction, profits may flow. TO be ConTinUEd

Feb 12, 2008 1:31 PM