The word ‘entrepreneur’ springs to mind, names such as Bill Gates, Steve Jobs, Steve Ballmer-the indisputable, almost larger-than-life ambassadors of the tech industry and the business world at large. Those seeking to create an independent foothold in the start-up world, invariably find themselves flipping through detailed chronicles of their journey, dissecting key drivers for their resounding success. One curious insight that never fails to gather a lot of attention is the fact that they decided to forego their degrees to pursue entrepreneurial dreams. Bill Gates dropped out of Harvard while Ballmer left Stanford to join Microsoft and his fellow sophomore-Gates. Their achievements with their dramatic impact on the digital world have alluringly made their decision to drop out of college, a template in itself for young graduates eyeing their place in the start-up industry. (more…)
Today’s MBA students will graduate to a fast-changing job market. In comparison to other degrees, an MBA degree still opens doors to opportunities broader than degrees in specialized fields, as MBA students acquire marketable, transferable skills suited to positions in just about any industry.
However, the competition for jobs amongst MBAs itself continues to remain fierce, with the school awarding the degree continuing to be more important than the degree specifics.
After all, research shows more than 1/3rd of top managerial positions are held by MBAs from Ivy League schools. (more…)
The nature of work is changing rapidly, the world over.
Globalization of talent and opportunities has increased competition, the advent of a gamut of technologies has transformed the workplace and mechanized several economic activities. Job roles are increasingly shaped as one-size-fits all, and job descriptions are increasingly becoming confined to specific responsibilities and job skills.
Amidst serious pressure and expectations to make the right career decisions, jobs cannot be simply a means to an end, but should be personally or professionally fulfilling milestones- especially for students just starting out. (more…)
The wise Greek philosopher Heraclitus wrote, “Change is the only constant.”
And how right he was, because if he was confronted with any of the prevalent job descriptions of today, he would truly be baffled. And he would not be alone.
According to the World Economic Forum (WEF), nearly 70% of children starting primary school in 2016 will leave school to hold jobs that do not currently exist.
The fourth industrial revolution is underway, developments in fields like robotics, artificial intelligence (AI), nanotechnology and biotechnology are building and amplifying one another to result in an exponential rate of change, where the “speed of current breakthroughs has no historical precedent.” (more…)
The concept of growth hacking is becoming increasingly prevalent. According to Google Trends, searches for the term ‘growth hacking’ have witnessed a constant increase since 2012.
As the number of corporate venture firms have quadrupled between 2012 and 2015 too, the startup craze has spawned a lot of interest in growth hacking tools to achieve business goals.
Building a business with growth in mind is a very different approach from considering a business decision with performance indicators such as revenue in mind. Now seen as the future of companies, growth hacking challenges the ways companies conduct businesses. (more…)
Landing a position at a venture capital firm is quite a challenge.
Looking for even an entry-level position in venture capital is actually preparing for the long haul as it may be years before one is available. There is far more demand for venture capital jobs than there is supply. The competition for an entry-level position is also with people who are already playing the venture capital game at some level; they own their own business, or they have worked in several start-ups, or they have the finance part of it down pat. The small size of the industry and few open roles (less than 10,000 open positions open globally each year) ensure that most people have stumbled into the industry rather than actively pursued a career in venture capital. (more…)
As the exciting, fast-moving world at the intersection of entrepreneurship and finance, venture capital attracts numerous starry-eyed students from the best business schools in the world each year.
Venture capital provides a unique and interesting entrepreneurial environment to professionals, offering exposure to a variety of companies and technologies as opposed to being withheld by a single investment or idea. It is a highly lucrative career path, both for professional development and financial success. For graduates fresh out of undergraduate programs, working in venture capital provides continuous exposure to up and coming entrepreneurial ventures and ideas in varied industries. (more…)
It is an old Hans Christian Andersen fairytale about two weavers who promise an emperor a new set of clothes that would be invisible to those who are just not worthy of their rank. When the emperor parades around in his ‘new clothes’, no one dares to point out that he is in fact not wearing any, as the fear of being incompetent and called a fraud overpowers their common sense.
Most people assume that confidence and ease come with experience and accomplishment, but research shows that being highly accomplished is no guarantee of feeling comfortable and convinced of your own ability. (more…)
Trust is as important as it is uncommon in today’s world.
From Photoshopped selfies, misleading advertising, to large-scale business scams, trust is in short supply.
In any relationship, the absence of trust results in uncertainty, insecurity and a grave sense of vulnerability. Despite being well-recognized as the foundation of all good relationships and effective management, statistics paint a dismal picture of the prevalence of trust: Forbes reports 70% of employees in the US are disengaged or without a connect to their workplace. The 2013 Edelman Trust Barometer also reported high global apathy regarding the ethics of the business world. (more…)
Long workweeks and college schedules leave little time for professional development pursuits.
It can be hard to remember that everyone has the same number of hours in a day as overachievers such as Warren Buffet, Sundar Pichai and Umberto Eco.
Indeed, the great scholar Umberto Eco, who was a philosopher, university professor and bestselling novelist inspired great awe when he successfully juggled his passions and was often asked about his superior time management skills.
On his secret, he said, “Did you know what will happen if you eliminate the empty spaces from the universe, eliminate the empty spaces in all the atoms? (more…)