Chairing the session on Creating Value on the last day of the recently concluded TiE entrepreneurial Summit, MD and CEO of Hero Corporate Services Mr Sunil Munjal said that all of us create value everyday of our lives in the various roles we play. While earlier, profit was made out to be the sole motive of the enterprise, things are now more focused on delivering on the triple bottom line of Profit, People and Planet.
He urged the audience to reflect and find out the value in what they did. "There are over 250 million people in this country who do not get two square meals a day, and the only way we can solve such problems is by increasing value creation."
Parminder Vij OBE, Director, PVL Media Consultants spoke about how she had created value in her line of work being in the UK. By creating documentaries and films that focused on the multiculturalism of UK, she and the people she works with have been able to change the face of UK television, which earlier stuck to ethnic-cleansed stereotyping. Acting as a mentor with TiE also helps her share the value she creates.
Anil Kumar Agarwal, CMD, PME Power Solutions talked of his journey of starting a transformer making company to becoming a quality solutions provider in the power space, not just in India, but in Africa and Middle East. "It's not about customer satisfaction or delight anymore, it's now about customer intimacy," he said. He also said that he looks at his balance sheet from four angles: Employees, Processes, Investors and Customers, and assesses the value created for each of them.
Pallav Nadhani, Founder, Fusion Charts, spoke about being able to make pocket money when he was 16, as value creation. He said we looked at how our product was different from others by identifying a need that the customers had, but had not felt. "You also create value as a country. We proudly proclaimed that our product is Made in India. We still do. Then we made it commercially open source, and that created a lot of value as well."
The most exciting session of the day meant to Aspire Young Achievers saw three of India's celebrated sports stars, medal winners in the recent Asian Games as well as Commonwealth Games.This was hosted by Amit Bhatia, Founder & CEO of Aspire, a social enterprise. Deepika Kumari, archer, spoke about having faced many struggles to even get selected for training in archery. The idea was to never give up trying, even if you lose, she said
Gymnast Ashish Kumar said he started training for as long as seven hours daily when he was just 4 years old. He said it was important for him to enjoy gymnastics to be able to succeed. He said that when participating in other countries, when the crowd cheers for the home players, he imagines that they are actually cheering for him, and that keeps him motivated.\
Para swimming champion, Prashant Karmakar talked of the various techniques that he uses to stay motivated, and overcome fear when competing at international events. Visualisation, deep breaths, and activating the body were some of the techniques he mentioned.
Prashant thanked Haryana government for being the only state to avidly support sports in a big way adding that India had little chance of winning an Olympic gold medal if the monthly stipend to an archery champion was just Rs 500. He requested the audience to support the cause of sports, not necessarily through money, but by identifying promising stars and supporting them in any way.