Innovative Business Model is the Key to Entrepreneurial Success

Bangalore: All India Management Association (AIMA), an apex body of management profession in India had organized a one day event which is considered to be the first ever Bangalore Management Convention. This event saw some experienced entrepreneurs and investors sharing their deep thoughts on management innovation and excellence.

After the inaugural address by S. Gopalakrishnan, Ankur Pahwa of Ernst & Young, Krishna Mehra of Capillary Technologies, Chandran Sankaran of Zyme Solutions, Alok Goel of redBus and Kumar Shiralagi of Kalaari Capital discussed on the “Re-imagining Technology Entrepreneurship”. Pahwa shed light on how India IT era has evolved from the time of great companies like TCS, Infosys, HCL and Wipro to the late 90s and early 2000s which witnessed .com boom. The focus has shifted to product oriented companies along with the business model, operations and outcome based pricing. The ecosystem has developed to an extent that the access to capital has become much easier.

Drawing a line between product and service companies, Shiralagi said that service companies look for good people who can build a great business with short capital and make it profitable. On the other hand product companies require a certain amount of gestation period for the product to develop and actually come into the market. Then within 2-3 years it raises capital and gives very high returns than a service company would have.