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Dare to Dream !
Volume 5 Issue 2
April 2014
In This Issue
News and Events
Student Assessment Survey
Perspectives : Dare to Dream
Perspectives: Assessing the business potential of an idea
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Greetings! The 2013-14 academic year is almost over and we appear set to launch the new year with a sizzling summer. In this issue of the JA  newsletter, we bring you some thoughts to ponder over the vacations, with an impassioned appeal to "Dare to dream" and tips on how to assess the business potential of an idea from our individual volunteers, as well as updates from SIR, the JA student assessment survey and other activities.
NewsAndEventsNews and Events

 

Social Innovation Relay - India top 20 announced  

Registrations for the SIR ended on March 24th and we finally had 933 students, 138 teams and 48 ideas, which is 3rd highest amongst countries participating in SIR across the world, after Romania and Indonesia. The top 20 teams from India have been announced, paired up with their e-mentors and coaching is on! The teams will submit their concept papers by April 30th and the National finals are scheduled for 20-May, which is HP's "Global Day of Service". SIR National Finals from 7 countries will be held on this day and broadcasted live in HP offices around the world. HP volunteers can log in HP My Room and participate in the finals by voting for the team that in whose idea they would be most likely to invest. The winning team and their teacher will win a HP printer(SIR Service Innovation Award)! 

JA - Bechtel partner globally to build future leaders

Bechtel employees will work with Junior Achievement to deliver JA programs focusing on entrepreneurship, financial literacy and work readiness to local students through the "Building Future Leaders" initiative. Bechtel and JA are working together to help students become workforce ready and explore careers in STEM: science, technology, engineering and math. Bechtel's support provides needed expansion of JA programs, delivering programming to students who might not otherwise have the opportunity to experience JA programs. The programs will be delivered by Bechtel employees in the classroom during the school day.

 


RollOfHonour75% students feel JA will help them succeed in life

To assess the effectiveness of JA programs, we conducted surveys of students before and after they attended JA sessions and we are happy to report that over 75% students feel that what they learned in JA will help them be successful in life. The post JA survey covered 1025 students, of whom around 70% felt that JA gave them a better idea of what a career should be understand how important it is to match interest with a role to build a career with a purpose.

The surveys also gave us insight into specific changes in student beliefs and actions. After attending JA sessions, 13% more students are likely to pick a career that aligns with their personal goals, 18% more students feel that they know how to identify careers that connect to their interests and about 14% more students know how their education choices link to their career. And 70% of all students surveyed say that JA is fun!
perspective2
Perspectives

  

Dare to dream 

Mr Rajshekhar is the Founder and Principal Consultant at Realyze Consulting, a certified business coach and an individual volunteer with JA

Today's world has become cruel to children! It has taken away their childhood. Many of the children I meet talk, act and behave like adults. I find their curiosity reducing year-by-year! Research suggests that a child's creative thinking stops by the age of 6 or 7 and thanks to our education system, they develop qualities like taking instructions, memorising, reproducing and competing to score, right from the 1st standard!

Why does it happen? If one doesn't score 90%+, s/he won't get admission to a good school! If one doesn't appear amongst the 200 ranks in competitive exams, s/he won't get admission in a good university / college for Engineering, Medical or Law! Another question is why would one want to choose only from handful of disciplines? General understanding seems to be that these disciplines lead to a better job and probably, a better lifestyle. A survey published last week in the Education Times suggests that 80% of the students surveyed would make Traditional Career Choices.

This phenomenon forces parents to pressurize children to get higher marks or percentages. In return, they influence schools to largely focus on the curriculum that needs to be taught and build the qualities mentioned earlier to score! Children also have to go to coaching classes to get that extra edge over fellow students. When the entire education system happens to be about scoring and staying ahead to get admission to better schools / colleges, peer pressure starts building on children to follow the norm! What happens is that we have more and more 'Chatur Ramalingam' created in the system..

I can understand parents who are not financially/socially sound falling into this trap. They may not be aware of possibilities and could be anxious, pinning all their hopes on their child for what they have not achieved. But, I have always wondered why parents who are educated and well to do financially / socially also fall into the same trap.

I do 'Executive coaching' with corporate executives and also conduct 'Discovery Sessions' with youngsters who are yet to decide on their career choice. I would like to share some of my findings from the last few years:

(1)    In one session, a young boy got up and said 'I have decided to study engineering for my parents and will become a Chef, eventually'. Why don't parents understand the passion and nurture the child towards that, instead of wasting time and money?

(2)     I met a boy who was very fond of music and had a good sense for sound. He wanted to explore career options on those fronts. However, family pressure (cousins are all IITans) forced him to complete Engineering and take up a job in an MNC. A year or two later he did an additional course in sound engineering and is currently producing music which was his first choice! Now he is very happy, though he lost couple of years in between!

(3)    I also know a contemporary of Shankar Mahadevan  who believes that he is a better singer than Shankar. However, he chose to do MBA and works with the Big 4. Now even though he is doing well financially, he is unhappy because he could not pursue his 1st love and feels that Shankar got best of both worlds, fulfilling his passion and a secured life.

I would urge everyone (students, parents, and professors) involved in the system to ponder the following:
-    Understand the real interest and build passion for the interest
-    Explore the passion and make appropriate choices
-    % is not all! Life does not begin and end with scoring!
-    There is a lot more to learn, besides the discipline one has chosen
-    Apply the learning's, inculcate personal values and take risks
-    Create a Vision of how would you apply your learning's and enjoy the journey!

Happy Dreaming and Exploration!


perspective3

Assessing the Business Potential of an idea  

Sushil Mungekar is co-founder and director of Index Advisory Pvt. ltd and volunteers with JA  

 

Entrepreneurs are simply motivated individuals who see opportunities ahead of others and build successful economic activity out of it. Everybody gets a 'Eureka' moment in their daily life. Many of us ponder it before just dropping it. But entrepreneurs become restless until they take this idea to the level of making business out of it.  

 

Most, if not all, entrepreneurs romance with their business idea (& rightly so) and refuse to see any gaps in their thinking. Hence, many start-ups rule out possible pitfalls in the idea due to 'Idea over---obsession'. Sometime it leads to premature death of start-ups, choke for additional customers and funding or sometimes just fail to be a sustainable venture. 'Idea validation' is therefore a crucial stage at early life of successful venture.  

 

Here are few easy steps, which would give a reality check before you throw your valuable life on an idea:

  1. "Why would a customer buy your product or service?" --- Keep asking this question relentlessly to yourself. It has to either 'add substantial benefit' or 'substantially reduce pain---points" over current available solutions.
  2. "Is this offering sustainable?" - Scan environments, especially technology trends, to see whether you are feeling a 'perpetual gap'. Many business models lost their shine with technology taking over the lead.
  3. "Is it economically positive?" - Put a reasonable expectation of how much money would customer shell out. Critically justify premiums. See whether it would generate positive cash after taking care of all expenses such as producing, distributing and reaching out to customers.
  4. "Challenge every answer to above questions"--- A small survey, focus group is always helpful to validate our thinking. It only helps to assure that we are not missing out on something glaringly negative. (or positive !)
  5. "Accept" - One must not ignore answers that are negative, simply because those are negative. Try and work out practical solutions to these.
  6. "Go with what your heart says" - and follow your gut where there are no clear answers. Often, if you are restless for an idea with positive answers to first 5 questions, your gut will tell you the answers for rest, if not now, then over your romantic journey with an idea.

Thank you for taking the time to read our newsletter. Do let us know what you think - please reach out to Sucharita Venkatesh with your queries, feedback and suggestions. We would love to hear from you!   

Sincerely,
 
The JA India Team