A Key to Success

On 30th January, 2024 a guest lecture on “Entrepreneurial Skills: A Key to Success” was organized by Entrepreneurship Development Cell & Institution’s Innovation Council in association with the Department of Mechanical Engineering at 01:30 pm to 04.30 pm. Dr.R.K.A.Bhalaji, AP/Mech, FXEC was the resource person. 40 students and 1 faculty member participated in the program. Mr.S.Rakesh, AP/MECH coordinated the session.

The resource person explained the concept of entrepreneurship and the role of entrepreneurs in the economic development of a nation. He gave number of examples regarding the successful Indian entrepreneurs. He also explained the skills which are essentials to run the concern effectively such as proactive mindset, risk management and resource optimization. Then he discussed about the key components of entrepreneurial skills such as motivation, adaptability and creative thinking. After that he revealed about the successful entrepreneurs in the world market like Elon Musk, Oprah Winfrey & Jeff Bezos. For example, elon musk known for this ventures in Tesla, SpaceX and numerous other groundbreaking initiatives. He deliberated about the major elements such as innovation, independence and resilience. Mentorship, ongoing learning and networking are the major ways to enhance entrepreneurial skill and he told about the challenges in developing entrepreneurial skill such as risk management, market competition and financial uncertainty. Finally, he concluded the session with the role of entrepreneurial skill in achieving success such as innovation and growth, global impact and personal empowerment.