Overview of SAIM ENTREPRENEURSHIP CLUB

A) INTRODUCTION

SAIM Entrepreneurship Club's main aim is to provide a forum for students to network and share ideas, provide an environment that will foster innovation and entrepreneurship and help students cultivate and develop their own ideas. The learning experience in this club will be helpful in establishing their own new venture.

Club has main motto of sparking the zeal for new, creative and innovative business ideas within the heart and mind of students. Club will also play a major role to make them aware of several steps to be followed in commercialization of their ideas; via entrepreneurship.

This club will be focusing on MBA students from SAIM. Club also encourages all students other than MBA from SAIM itself and also welcomes other students from different colleges to participate in the forum.

B) OBJECTIVES

Primary Objective

To transfer at least 50% of MBA students from SAIM in the path of entrepreneurship after graduation.

Other Objectives

        i.            To share knowledge, experience and ideas

      ii.            To establish a platform for networking

    iii.            To develop leadership, communication and several other entrepreneurship skills

    iv.            To discuss and analyze various globally burning business issues

C) PROGRAMS AND EVENTS

Discussion Forum

·         Bi-weekly discussion forum

·         Brainstorming of new innovative ideas

·         Business idea generation and sharing

·         Paper presentation about some relevant topic

·         Video (Relevant business topic) display and discussion

·         Case analysis (Primarily of Nepal)

·         Motivating question and answer round with some rewards

Using - "Learning with Fun" Strategy

Guest Training

·         At least once in two months

·         Effective training on micro issue of entrepreneurship by renounced expert

·         Motivating and positive training

Using both "one way" and "two way" session equally

Publication

·         Printing and distribution of summarized reports, news and activities of club via newsletter.

·      Collection of news/articles about entrepreneurship in Nepal from national newspaper or from any published materials and then distribution via handouts, facebook, mail and notice board for the purpose of motivation and information sharing.

·         Long-term goal of publishing one book with success stories of some entrepreneurs from Nepal for motivation purpose.

Facilitation

Students who start or plan to start own venture will be facilitated from club via:

·         Providing necessary information, ideas

·         Showing some way for financing help

·         Helping to build network and do promotion

·         Providing 'Rescue ideas' if necessary

D) STRATEGIES

Tools for discussions

Proposed Methods of discussions

        i.            Host raise topic to be discussed - Random and systematic review, comment and feedback - documentation

      ii.            Prior prepared paper presentation on some issue by one participant/club - for and against discussions, evaluation, comments and feedback - documentation

    iii.            Business case prior mail - discussion on solutions to the problems in the case -  documentation

    iv.            Video display on some business issue - discussion and evaluation - documentation

      v.            News sharing - discussions/Analysis - documentation

    vi.            Q/A sessions, Management games

  vii.            Pictures of entrepreneurs/brands etc. to identify - identification by participants - rewards

viii.            Any other tools suggested by participants and advisory team

Information flow

·         Close facebook group adding all students from MBA

·         Topic for next discussion forum is decided in earlier forum and then notified to all general members via facebook, notice board, mail or any other best possible medium

·         Regular documents and reports are also forwarded to all general members.

How?

o   Collection of Name and other details of all general members

o   Adding all general members to close facebook group

E) ENTREPRENEURSHIP CONCEPT

·         Definition: Entrepreneurship is 'Commercialization of innovative ideas'.

·         Process we follow:

                                i.            Art of THINKING

- Concepts, Ideas, Creativity, Innovation

ii.      Art of SHARING

         - Communication, Research, Confirmation

iii.       Art of STARTING

           - Business Plan, Feasibility and Market study, Location study, Investments

iv.       Art of GROWING              

           - Leadership and control, Motivation, Market expansion, Continuous Innovation