POST INTERVIEW TASK
1. Take an existing problem statement in the team and apply your model
to develop a solution for the problem.
The Problem Statement of my choice:-
The event E-Buddy organized by E-Club had a significantly low turnout.
E-Buddy is a Pre-Summit event that focuses on introducing what is
entrepreneurship to freshers.
SOLUTION:
1)The cause of the problem:
● A selection process was in place to restrict the number of seats
available for the event. Despite a high level of interest, some individuals
were not chosen to attend. Furthermore, even those who were selected
failed to attend the event.
● Some students are absent from sessions that focus solely on
entrepreneurship theory without any interactive activities.
● Some sessions of E-Buddy coincided with the quiz schedules.
● Some sessions lasted for 120-150 minutes, discouraging people from
showing up for the next session.
● The lack of effective advertising for the event resulted in a low turnout
among freshers. A significant portion of the freshers remained unaware
of the purpose of E-Buddy.
● No proper implementation of E-Summit points.
2. The stakeholders are the Students of IITM(Mostly freshers) and E-Cell team
members.
3. This initiative has the potential to greatly benefit freshers by introducing
them to the world of entrepreneurship. Successfully addressing this problem
statement, will generate interest in the E-Cell and attract more applicants for
the AM position. Consequently, this will enhance the overall quality of the
E-Cell team.
4. Vertical Capabilities: E-Club is involved in this problem.
Financial Requirements: There will be an increase in the budget for this
the event, if E-Club introduces some new initiative to improvise E-Buddy.
Customer Satisfaction-One of the main reason to solve this problem is to
introduce what is entrepreneurship to the maximum no.of freshers possible
in an effective way
Risks-There are no major risks other than excess financial requirements
Which can be managed.
5. Feasible POSSIBLE SOLUTION:
● All the freshers who are interested in participating in E-Buddy should be
a part of the event. There should be no restriction on the number of
participants for E-Buddy.
● If we need to limit the number of participants, we can invite all interested
students to attend the first session of E-Buddy and subsequently
provide a Google form for those who are still interested in applying.
● The first E-Buddy session must be captivating, informative, and
interactive to attract students for the upcoming sessions. In the previous
year, the E-Auction proved to be the most successful session with the
highest attendance rate. Therefore, the E-Club team needs to ideate
and come up with an activity that is similar to E-Auction.
● To ensure the consistent attendance of the selected students in every
session, E-Club can assign E-Buddy mentors to a group of selected
students. This initiative aims to enhance their engagement in the
upcoming sessions and provide assistance in resolving any queries
they may have about entrepreneurship.
● Many students who were eager to learn about entrepreneurship were
unable to attend last year because they were not selected. In order to
maximize turnout, it is crucial to implement a proper selection process
that ensures only individuals who are genuinely interested in
entrepreneurship are chosen.
● It would have been beneficial to initiate the outreach for E-Buddy earlier,
ensuring that all the freshers are aware of what E-Buddy is, preferably
right after the completion of quiz-1.
● E-Summit points were given to students who participated in E-Buddy
last year. However, the lack of a monitoring system of the summit points
by students has impacted the credibility of both E-Summit points and
E-Buddy Events, consequently affecting attendance at E-Buddy
Sessions. E-Club could benefit from utilizing a website or Google sheet
to update and track points, ensuring students are aware of their
progress.
● After each session, assign a task for all the attendees and request them
to submit it. Those who successfully submit will receive additional
summit points.
● A few of the E-Buddy sessions were excessively lengthy, becoming
monotonous, and there were occasional delays in their starting time.
Therefore, the sessions must be concise, and the E-Club team must
ensure that they do not coincide with significant dates like quizzes.
● Holding the E-Buddy sessions in air-conditioned classrooms would
motivate the students to attend more sessions.
7. Monitoring the Outcome:
● Collect feedback from every student after each session and compare
the feedback from different sessions. This will help identify areas for
improvement and enhance the overall experience. Additionally, maintain
a checklist of key details that have to be noted for each session such as
the number of attendees to ensure thorough evaluation.
● In order to determine the effectiveness of the solution, we can assess
the feedback forms and checklists from the previous year in comparison
to those of the current year.
Monitor the outcomes and improvise the solution, if required.
2. Ideate an event for E-Summit with a structured framework including
details about the event and timeline.
(This event is inspired by the E-Auction by E-Club and Decode event by GSI)
VENTURE VISSION: STRUCTURE AND TIMELINE
STRUCTURE:-
Round 1:
1)Format: Online quiz to check your industry, financial and startup
knowledge.15 MCQs and 5 Subjective questions approx.
2)Team Composition: Teams will consist of 3-4 members each.
3)Selection: 10 Top-scoring teams will proceed to Round 2.
Round 2:
1) Startup Details:
Participants will be provided with hypothetical profiles of various startups
in the form of slides. These profiles will contain information such as
financials, startup sector, and more. Based on these details, participants
will be required to make investment decisions.
2) Investment Pool:
Each team will be given a fixed investment pool to allocate among the
startups.
3) Investment Strategy:
Teams are required to carefully distribute their funds according to the
startup profiles given within the specified time frame. Subsequently, these
investment strategies need to be presented to the judges, who will
individually call upon each team to discuss and explain the reason and
strategy behind their chosen investment option. Points will be awarded by
the judge according to the teams' investment strategy and the clarity of
their explanation.
4) Winner Determination:
The team with the highest cumulative points considering all factors will
win.
What is Venture Vission?
Welcome to Venture Vission, an exciting platform where “Intelligence
meets Investment” hosted by the Entrepreneurship Cell at IIT Madras, this
event serves as a testament to our commitment to fostering creativity,
strategic thinking, financial acumen, and decision-making abilities within a
simulated venture capitalist scenario.
Venture Vision is an annual startup funding competition that attracts the
most promising entrepreneurial talents from across the country to engage
with real-world startup investment scenarios. Participants are tasked with
analyzing detailed startup portfolios, making strategic investment
decisions, and presenting their investment plans to a panel of seasoned
industry experts. Venture Vision aims to foster innovation and
entrepreneurship, challenging participants to balance risk and reward
while identifying the next big success in the startup world.
Incentives:
1)This event exposes students to the world of Venture Capitalism and
gives them a hands-on experience of how the VC world works behind the
scenes.
2)Opportunity to interact with entrepreneurs and industry and financial
experts.
3)Total prize pool of 20K
Eligibility:
1)Teams will consist of 3-4 members each.
2)Cross College teams are not allowed.
Important Dates and Deadlines:
1)Registration Deadline- 18th February 2024,
2)Round 1- 20th February 2024,
3)Announcement of shortlisted teams- 22nd February 2024
4)Round 2-9nd March 2024.
Rewards and Prizes:
1)First Place- Rs.10,000
2)Second Place- Rs.6,000
3)Third Place- Rs.4,000
Rules and Guidelines:
1)Students from all universities across India pursuing any degree(B-tech,
M-tech, Ph.D., etc.) are eligible for the competition.
2)Teams of 3-4 can be formed to participate in the competition.
3)Registration starts on February 10 and lasts till February 18.
4) The results of round 1 will be announced on February 22.
5)The participants will be invited to the institute for the Finale. Mails will
be sent to the shortlisted teams regarding the details and timeline of
round 2.
6)All team members must be present in the offline round. Inform us in
advance if any team members are going to be absent.
TIMELINE:-
Ideation:
1)Finalisation of Structure:10th Dec 2025
2)Budget: By 13th December 2025
3)Brochure for partners: By 23rd Dec 2025
Planning:
1)Mailing to Companies: Starts on 24th Dec 2025
2)Confirmation of Companies: By 1st February 2025
3)GDM Poster Details: By 4thth February 2025
4)Website Details: By 5th February 2025
5)Event Launch Date: By 7th February 2025
6)Startup profiles for round 2 by Companies:10th February 2025
Pre Execution:
1)Registration :10th February 2025 - 18th February 2025
2) Questions for Round 1: By 15th February 2025
3)Round 1- 20th February 2025,
4)Announcement of shortlisted teams- 22nd February 2025
5) Venue Booking and Requirement Details: By 25th February
Execution:
1)Round 2 -8th March 2025
Post Execution:
Feedback Analysis:20th March 205
SWOT MEET:25th March 2025
Year-Long Report:30th March 2025
3. List down how you will make sure that the vertical co-operates with
you properly for the QMS.
● The DnA manager's involvement should extend to the verticals as well.
Instead of solely focusing on their assigned task, the manager should
also have a shallow involvement in all the tasks within the verticals. This
is necessary to ensure that all tasks adhere to the proper QMS
guidelines.
● DnA managers can ensure that vertical managers follow QMS by
maintaining a catalogue of reminders. This allows them to determine the
appropriate timing for sending reminders for each task. Also make sure
to give a little push to the respective managers if they lack behind the
initial timeline.
● The vertical should create an insight report based on the SWOT
analysis of previous years, with relevant learnings and takeaways.
