The very first class of NITIE IM20 came with a surprise, while we were waiting for Prof. Mehta to come for the lecture Prof. T Prasad joined in as a substitute to him for the day. Prof. Prasad also known as Prof. Mandi due to his well acknowledged initiative in the campus ‘Mandi’. He came in and started passing a few toy like things in the class, no one had any idea what exactly he wanted us to do with them, he just told us to play with them. The first question he asked was how many of us writes blogs, a few raised their hands, and in utter disappointment he delivered his first lesson: “Learn to harness technology for your personal benefit and for the benefit of others in general”. Then he asked another question, the question was: How much are you earning today? Most of us were spellbound as we all left our job to attend the fulltime course here and thus we were earning nothing, he then simply said: “A person who spread hands to others for funding his education is a beggar to me”. Now, he began realizing us how much money we have put at stake for coming to NITIE, he called it opportunity cost, here it goes:
Opportunity cost analysis:
Money lost due to the job ditched = 5Lac per annum x2 years = 10 lacMoney paid to NITIE = 6.52lac
Monthly mess bill =3000 per months x 12x2 =72000
Expenditure on books/accessories = 4000 for two years
Miscellaneous expenses = 50 rupees a day x 365 x2 = 36500
Total opportunity cost = 10lac + 6.52lac +0.72lac +4000+36500 = 1762500= 17.6lac
So, per day cost of studying in NITIE = 17.6lac/(365 x2) =2414 rupees
Thus in order to finance our own education we need to earn roughly 2500 rupees per day.
But how do we do that, we have to attend regular classes do compulsory
assignments and follow many other intangible things throughout the day, how
could we manage to take the time out and be optimistic about earning this much
amount of money per day. For which he just said “it’s your problem and you have
to manage it you are not doing any favour to anybody else by solving it”. We
all listed him down so many factors that prevent us from achieving it, like
time, money, motivation, mentorship etc. He briefly smirked and asked us how
much percentage of time we devoted to studies in our four years of engineering,
then he asked how many of us have a business idea, he agreed to listen to our
ideas and help us arrange funds and mentorship if we could convince him on
profitability of our idea. He pointed to us that we must have the guts to earn
money even from the pettiest of the things we have, pointing to the qualities
of the toys early given to us, he asked whether we could sell it for four times
its worth or not. He tried to remove our mental blocks in relation to becoming
self reliant by quoting examples of our seniors who dared to start a company
during their NITIE days and eventually ditched the job offers from placements.
AAJ KI ROTI, AAJ HI KAMANA HAI!!!
In his second lecture, he started with the punch line of the famous Pink Floyd song Brick in the Wall, “We don’t need to become another brick in the wall we have to live our life independently and should not allow education to limit our thought process/imagination”. He made us listen and sing the song thrice in the classroom, and asked all of us to take pledge of not becoming another brick in the wall, which means we would never limit our job and more importantly our thought process; we would not allow education to dominate our innate common sense and merit. He tried to motivate us towards innovation and usage of technology, saying money can be easily earned channelizing these two things properly. An educated person must sell things at least for four times the money an uneducated could. He asked two students to buy-sell the pink butterfly toy and demonstrated the utility of using innovative techniques and knowledge to sell a product.
Focusing on the management jargons, he warned us to refrain from using laymen definitions and start using dictionary definitions like:
Job: Any work that gives you compensation
Innovation: Purposeful creativity is called innovation
The session ended on a very good note, motivated by him all through the day to think out of box most of us decided to at least give a try on the business ideas that would generate income and employment in the country. We also decided to keep documenting our ideas and learning on blogs so as to make education available for free.
AAJ KI ROTI, AAJ HI KAMANA HAI!!!
In his second lecture, he started with the punch line of the famous Pink Floyd song Brick in the Wall, “We don’t need to become another brick in the wall we have to live our life independently and should not allow education to limit our thought process/imagination”. He made us listen and sing the song thrice in the classroom, and asked all of us to take pledge of not becoming another brick in the wall, which means we would never limit our job and more importantly our thought process; we would not allow education to dominate our innate common sense and merit. He tried to motivate us towards innovation and usage of technology, saying money can be easily earned channelizing these two things properly. An educated person must sell things at least for four times the money an uneducated could. He asked two students to buy-sell the pink butterfly toy and demonstrated the utility of using innovative techniques and knowledge to sell a product.
“Socho.. Becho ! Becho.. Seekho ! ! Seekho .. Socho ! ! !”
Focusing on the management jargons, he warned us to refrain from using laymen definitions and start using dictionary definitions like:
Job: Any work that gives you compensation
Innovation: Purposeful creativity is called innovation
The session ended on a very good note, motivated by him all through the day to think out of box most of us decided to at least give a try on the business ideas that would generate income and employment in the country. We also decided to keep documenting our ideas and learning on blogs so as to make education available for free.
Nice one ankit
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