Wednesday, February 13, 2008

Director's Prize fo The Best OT

Every Year, during Kalpataru (IIFM's Annual Fest), IIFM awards Director's Prize for the Best Organizational Training work . Students are judged on the basis of Host Organization’s recommendation, IIFM faculty's evaulation and vote of batch mates.
This year, I along with Ravi got the award for the training we did in Development Credit Bank Ltd, Mumbai. The project was on Urban Microfinance.
We got the award for Second Organizational Training where as Dr. Varun Bangia got the award for First Organization Training work which he did at Dabur Pharma Ltd. (up to PFM 06-08 IIFM had 2 Organizational Trainings, PFM 2009 onward IIFM is having One Organizational Training i.e. Summer Internship).
Life at IIFM once again proved to be full of surprises and once again echoed the expression “These are the Best Days of My Life“.
I thank everybody specially my batch mates who voted for me (and also to those who did not), dearest alumni, faculty and most importantly Kartik Sir, Deepika Mam, Vidya Sir and Sandeep Sir of DCB.

[Post Contributed by Soumik Ghanta, PFM 08 batch]

Sunday, February 10, 2008

What makes an entrepreneur?

What are the traits and factors which decide whether somebody is going to be an entrepreneur or not? Are there some factors/traits which are more important than other for being a successful entrepreneur?

A research paper by a team of researchers from The World Bank, CEPR and CEFIR, provides good insight on above question on the basis of data collected on 400 random Brazilian Entrepreneurs.  

Some interesting findings from the paper:

  • Brazilian entrepreneurs are coming more from rural areas than urban areas and they are more likely to be married and less likely to be overweight. They are taller by one cm (approx) than non entrepreneurs.
  • Entrepreneurs were more patient than non-entrepreneurs and they expect lower returns on their investment than non-entrepreneurs (18% against 24% expected by non entrepreneurs).
  • Entrepreneurs put more value on children's education than non-entrepreneurs.
  • Entrepreneurs show more trust than failed entrepreneurs do.
  • Exploring the sociological characteristics of entrepreneurs, the paper shows that entrepreneurs are more likely to come from a family of senior managers, officials than workers. They also have more relatives and friends running their own business compared to non-entrepreneurs have. Though the social network has some role in deciding whether one is going to be an entrepreneur, but does not affect whether one is going to be successful entrepreneur.
  • Entrepreneurs are also more likely to come from a large family.
  • Mother's education seems to have some impact on entrepreneur's success. The mothers of failed entrepreneurs were less highly educated than the mother of entrepreneurs.

I do not know to what extent we can generalize the findings of this report, but surely it makes an interesting read. :)

Wednesday, February 06, 2008

GD/PI Shortlist for PFM 08-10 batch is out

The list of candidates shortlisted for Group Discussion and Personal Interview for PFM 08-10 batch is available on IIFM website.

Click here to see the list.

You can also get some insight about the admission process and the program from the discussion on Pagalguy Forum. Click here to visit the forum.