Entrepreneurship Innovation and Technology July 2014 @RanadePrashant
May 12, 2015
Entrepreneurship
Innovation and
Technology
July 2014 @RanadePrashant
Agenda
The Need
The Opportunity
What is Required ?
Success Stories
2
The organized sector employs a very small % of India’s
working population
3
Agriculture 60%
Unorganized Manufacturing
& Services 31%
Organized Manufacturing
& Services 9%
Organized Public Sector
6%
Organized Private Sector
3%
http://indiatoday.intoday.in/content_mail.php?option=com_content&name=print&id=20143
http://industrialrelations.naukrihub.com/organised-and-unorganised-labor.html
Employment Breakdown Total workforce > 500 million
Small Businesses are crucial for the health of the
economy; accounting for 1/3 of total employment
Over 200 million people will enter India’s workforce
during the next 15 years
4
Entrepreneurial activity is critical to meet the
growing need for employment generation
300
200
100
0
Growth in Working Age Population (2010–2030) Global + 882 Million
Sub-
Saharan
Africa
Other
Asia
IND
IA
BD &
PK
N. Africa
& Near
East
L. Am &
Caribbean
N. Am Oceania W.
Europe E.
Europe Japan
Baltics &
CIS China
IN M
ILL
ION
S
Agenda
The Need
The Opportunity
What is Required ?
Success Stories
5
Emerging markets like India will account for half of Global
GDP growth
6
Huge opportunity for Indian entrepreneurs to
capitalize on the growth opportunity
Others
EU
United States
Japan
India
China Other Asia
Shares of Global Middle Class Consumption (2000–2050)
Technology is Rapidly Moving the Global Economic Centre of
Gravity back to the East
7
Technology reduces entry barriers and levels the
playing field for new entrants
Industrial
Revolution
Information
Technology
Revolution
Tweet your preference @RanadePrashant
8
1. Would you prefer to work with:
a. Start-up @RanadePrashant #PREnactus1a
b. Established company @RanadePrashant #PREnactus1b
2. Would you prefer to work in:
a. Organized Sector @RanadePrashant #PREnactus2a
b. Unorganized Sector @RanadePrashant #PREnactus2b
3. Which country will win the 2014 FIFA World Cup? @RanadePrashant <Country Name>
Agenda
The Need
The Opportunity
What is Required ?
Success Stories
9
Evolution of the Economy
10
Early Industrial Industrial Information Age
View of
Customer
Manufacturing
Ethos
Source of
Competitive
Advantage
Homogeneous
Mass Production with Vertical Integration
Economies of Scale
Undifferentiated “You can have any color
as long as it is black”
Market Segment
Batch Assembly
Core Competence to Achieve Scale
Scale and Differentiation
Variety
Individual
Segment Size = 1
Mass Customization
Innovation
Personalized & Customized
Product
Philosophy
Non-linear models disrupt the status quo to
create new business opportunities
Entrepreneurship + Technology + Innovation
11
Tread
Uncharted
Paths
Think Out of
the Box
Use Technology
to Solve
Problems
Which route would you prefer?
12
Agenda
The Need
The Opportunity
What is Required ?
Success Stories
13
14
The Company Business Model Outcomes
• Founded in 2008
• Peer-to-peer accommodation
booking
• Disrupted Hotel Industry
600 K listings
190 countries
15 Million guests
$10 B valuation
• Founded in 2009
• Mobile based peer-to-peer cab
service
• Disrupted car rental & taxicab
70 cities
38 countries
$18 B valuation
• Founded in 1997
• Disrupted Video Rental
Industry (Blockbuster) with
DVD by Mail service
• Evolved to Video Streaming &
original content creation
World’s leading Internet
TV network
48 M members in 40
countries
1 Billion hours watched
$27 B valuation
Some Success Stories
Tweet your preference @RanadePrashant
80%
20%
Start-ups
Established Companies
37%
63%
Organised Sector
Unorganised Sector
16
Dream Big to Create a Better World
17
@RanadePrashant