Prof Mukesh Sud, Associate Professor, Strategy Area, IIM, Ahmedabad
- Mukesh Sud is an IIT Delhi graduate and then went to IIM Ahmedabad.
- He is an Associate Professor, Strategy Area at the Indian Institute of Management, Ahmedabad.
Podcast
Overview
Entrepreneurship has been around for centuries, and it has evolved over time as societies and economies have changed. Prof Mukesh Sud, Associate Professor, Strategy Area, IIM, Ahmedabad is here to talk about entrepreneurship.
00:29- About Prof Mukesh Sud
- Mukesh Sud is an IIT Delhi graduate and then went to IIM Ahmedabad.
- He is an Associate Professor, Strategy Area at the Indian Institute of Management, Ahmedabad.
03:49- Experience of being an IIM student
- The IIM was a fun experience.
- The students could not believe that I was a fellow student.
- I joined the IIM when I was running my own business. So I felt that I’ll manage the IIM, and it’ll all happen very smoothly.
- Within a month of joining the IIM, I had a test, and I scored 4 marks on 30.
- So I remember going and meeting the professor and talking to him, and he was younger than I was. And he looks at my paper very carefully and says, you do not even deserve these four marks and that was a wake-up call.
- With a focused mind and no distractions, you can achieve your goals.
08:44- Entrepreneurial Journey of India
- It’s a totally different terrain from what we had, or I had in the early or mid-80s. You would typically go to a bank, you would write a project report and the bank would then lend you X amount of money. And you would then make monthly EMIs and that’s the way businesses were run.
- I remember going to a bank and writing a 50-page business plan. And the bank looked at it and then said, this is not the way we want it. So I said what do I do? So the bank had a consultant, who then invented figures to support the end objective of getting a loan. So that was the way we went about starting our businesses.
- Today, they don’t do it at all. They write a business model canvas, which is one piece of paper, the nine boxes, and they lay out their journey.
- Secondly, very few of them are taking loans, they are taking inequity, they are going to angels, they are going to VCs.
RESOURCES:
You can connect with Mukesh Sud | LinkedIn
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Profile
- Mukesh Sud is an IIT Delhi graduate and then went to IIM Ahmedabad.
- He is an Associate Professor, Strategy Area at the Indian Institute of Management, Ahmedabad.
