Reflective Note and Personal Entrepreneurial Strategy Map

Reflective Note (Component 1-7) – 10 Marks

Personal Entrepreneurial Strategy (Component 8 and 9) – 20 Marks
Name – Ajay Pandey
Roll No. – JN24PG068

1. Entrepreneurial Leadership Style: How you define yourself – Artist,

Scientist, Builder or Evangelist. Explain How with some life experience.
I see myself as a Builder, Building my passion for developing a structure that
promote sustainable growth. Having a background of Computer Science
Engineering and currently pursuing an PGDM,I am learning technical skills along
with strategic business insights to turn ideas into practical frameworks .During my
undergraduate, I was a part of student startup club/ecosystem, connecting
engineering, business, and design talent. By mentorship programs i learn how to
pitch our idea ,and work on efficiently on startup idea. During PGDM ,I am learning
how to turn innovative ideas into successful venture. Entrepreneurship course
help me understand my ability to drive strategic execution, encourage
collaboration, and create value-driven ecosystems for lasting success.

2. Write about the most interesting topic (the best one only) you learned
during the entrepreneurship course.
Most interesting topic: Business Model Canvas (BMC)

The most compelling topic that I learned during the course was Business
Model Canvas (BMC). This framework provided systematic and
comprehensive understanding about how a business creates, delivers, and
captures value. It was remarkable because it reduced the complexity of
venture design into nine interconnected components which were intuitive
and actionable for entrepreneurs.

Why It Was the Most Interesting

 The BMC covers every aspect of a business venture—customer
segments, value propositions, revenue streams, and cost structures
—that represent the entire big picture of any business venture.
 Practical Application In class workshops, we applied the BMC to real-
world startups and analyzed their strengths and weaknesses. This
practical exercise showed how the canvas could be used to spot
opportunities and gaps in business strategies.
 Adaptability The framework's flexibility to accommodate diverse
 industries and business types made it particularly exciting. It
demonstrated how even complex businesses could be broken down
into manageable, interconnected components.

Personal Experience with the BMC

 In class, I came up with a mock business with a team based on a Mental
Health Startup. With the BMC:
 This is the customer segment that will be the Mental Health conscious
millennials.
 Came up with a value proposition that is convincing startup idea of Mentel
Health with affordable pricing.
 Mapped out the different segment of Customers, key partners, and revenue
sources that will help create a scalable model.

 The organized but innovative character of the BMC granted us space for
clearly outlining our business idea, and possible early challenges that would
arise.

Effects on My Entrepreneurial Mind

 Learning the BMC changed everything in my life: it made entrepreneurship

quite broader. Ensuring that everything about any business is adjusted
provides a value proposition with profitability and scalable growth. Because
of this, a business idea is not necessarily individual concepts, but
integrated systems that work with each other to balance out appropriately.

 Using the Business Model Canvas, I was set straight in terms of the path I
took henceforth; they gave me just one workable strategic tool for
designing or critiquing and potentially enhancing ventures most efficiently.

3. Without any social judgement pressure, think about yourself and design thinking course you gone through
in the last term and respond to the following statements. “0—Not at all likely” “4—Extremely likely”. Note
read every statement and rate them for two-time reference (Left – Before Design Thinking Course X–
STATEMENT-X Right – After Design Thinking Course) Highlight Your Choice by RED

Before Design Thinking After Entrepreneurship

Course Course
4 3 2 1 0 I seek input from those with a different perspective 0 1 2 3 4
from me.
4 3 2 1 0 I seek feedback and suggestions for personal 0 1 2 3 4
improvement.
4 3 2 1 0 I analyze projects broadly to find a solution that will 0 1 2 3 4
 have the greatest impact.
4 3 2 1 0 I identify relationships between topics from different 0 1 2 3 4
courses.
4 3 2 1 0 I can personally contribute to a sustainable future. 0 1 2 3 4
4 3 2 1 0 Nothing I can do will make things better in other 0 1 2 3 4
places on the planet.
4 3 2 1 0 When problem-solving, I focus on the relationships 0 1 2 3 4
between issues.
4 3 2 1 0 I ask questions when searching for new approaches to 0 1 2 3 4
problem-solving.
4 3 2 1 0 I value the perspectives of my teammates when 0 1 2 3 4
working in a group.
4 3 2 1 0 I find collaborative work is a waste of time. 0 1 2 3 4

4. Based on your hectic schedule/experience in PGDM program, Highlight the choice that best describes how
you have felt and conducted yourself over the past 6 months. Never – 0, Rarely – 1, Sometimes – 2, Often –
3, Very Often – 4.

4 3 2 1 0 How often do you have difficulty concentrating on 0 1 2 3 4

what people are saying to you even when they are
speaking to you directly?
4 3 2 1 0 How often do you leave your seat in meetings or other 0 1 2 3 4
situations in which you are expected to remain seated?
4 3 2 1 0 How often do you have difficulty unwinding and 0 1 2 3 4
relaxing when you have time to yourself?
4 3 2 1 0 When you’re in a conversation, how often do you find 0 1 2 3 4
yourself finishing the sentences of the people you are
talking to before they can finish them themselves?
4 3 2 1 0 How often do you put things off until the last minute? 0 1 2 3 4
4 3 2 1 0 How often do you depend on others to keep your life in 0 1 2 3 4
order and attend to details?

5. Based on the learning of 1st and 2nd term rate the following statements in reference to the group project.
Highlight the choice

S.no Within the Next 12 Months I Intend to … 1 2 3 4 5

(Rate each statement 1 for Strongly Disagree and 5 for Strongly Agree)
1 Develop an operations strategy 1 2 3 4 5
2 Develop a financial strategy 1 2 3 4 5
3 Create a new business organisation and complete the regulatory paperwork 1 2 3 4 5
4 Obtain more resources (e.g., people, money and equipment) for a new 1 2 3 4 5
business
5 Develop ways to work around obstacles, rules, standards and norms 1 2 3 4 5
6 Reuse resources for clever purposes other than their original design 1 2 3 4 5
7 Develop a minimum viable product to deliver my value proposition to 1 2 3 4 5
customers
8 Test my value proposition in the market 1 2 3 4 5
9 Refine my choice of market or product/service, based on market feedback 1 2 3 4 5
10 Develop some scalable production methods 1 2 3 4 5
11 Identify some potential sources of new investment 1 2 3 4 5
6. Flip the role: Assume you are an independent to your team as investor, rate the idea/prototype proposed by
your team in design thinking course. (1 strongly disagree 7 strongly agree) Highlight the choice

S.no I doubt that any person at all could turn this idea into a 1 2 3 4 5 6 7
1 successful business
2 Someone could turn this idea into a successful business 1 2 3 4 5 6 7
3 This idea would not go very far if someone tried it 1 2 3 4 5 6 7
4 A person with the right knowledge and motivation should be 1 2 3 4 5 6 7
encouraged to act on this idea
5 I believe that no one should be advised to start a business 1 2 3 4 5 6 7
based on this idea
6 Even the best suited entrepreneur would likely not be able to 1 2 3 4 5 6 7
succeed with this idea
7 This idea is a good business opportunity for the right person 1 2 3 4 5 6 7
or team
9 I do not believe this idea could be successfully implemented 1 2 3 4 5 6 7
even by the best suited entrepreneur
10 If someone were to fail with this idea, it would be due to 1 2 3 4 5 6 7
other factors than the idea itself

7. Considering your experience with your study group, rate the following statement. (1 strongly disagree 7
strongly agree) Highlight the choice

1 My team members and I have a big difference in educational 1 2 3 4 5 6 7

background
2 My team members and I have quite different backgrounds in 1 2 3 4 5 6 7
terms of growing up
3 There is a big difference between my team members and me in 1 2 3 4 5 6 7
the cognition of risk and project work;
4 My team members are quite different in age/experience 1 2 3 4 5 6 7
5 Risk preferences for a particular strategy differed among my 1 2 3 4 5 6 7
team members, often in conflict
6 My team will make use of the previous accumulated experience 1 2 3 4 5 6 7
of the project to quickly respond to rapid changes in this term
7 The team can quickly adapt to changes in the subject 1 2 3 4 5 6 7
environment and form coping measures
8 My team members are able to think clearly under stressful 1 2 3 4 5 6 7
conditions, adapt to change, cope with stress, and bounce back
from hardship
9 My team can effectively get out of this dilemma by using 1 2 3 4 5 6 7
existing resources and capabilities to strategically adapt to
current developments
10 My team has high situational awareness, reduces its 1 2 3 4 5 6 7
vulnerability to systemic
risks, and effectively absorbs, responds to, and exploits
disruptive unexpected events
11 My team is keen to find opportunities in adverse events and 1 2 3 4 5 6 7
make good use of them
12 My team has been able to break out of seemingly dangerous 1 2 3 4 5 6 7
environments and achieve unexpected quality of assignment -
new model innovations
13 My team was able to take the initiative and quickly develop 1 2 3 4 5 6 7
concrete measures to address challenges and emerge stronger
from the crisis
 14 My team specializes in exploiting opportunities created by 1 2 3 4 5 6 7
disruptive accidents that threaten the survival of
project/organizations
15 My team was able to leverage change effectively and even turn 1 2 3 4 5 6 7
adverse
conditions into learning and innovation opportunities to ensure
continuity in the development.

8. Explore your LinkedIn data (https://www.linkedin.com/pulse/how-analyze-your-linkedin-connections-

growth-vaibhav-jain/) present them with infographics. Submit the data file.

Personal Entrepreneurial Strategy – Entrepreneurship is not about Venture Creation, Its way of life. Based
on the course you are expected to reflect on the following points with evidence.

01 Identify Your The first step to measure and evaluate your network is to identify your goals. What are
Goal you trying to achieve with your network? Do you want to find new clients, partners,
mentors, or collaborators? Do you want to learn new skills, insights, or trends? Do you
want to expand your influence, reputation, or visibility? Your goals will help you define
what kind of network you need and how to measure its success.
02 Map Your The second step to measure and evaluate your network is to map your network. This
Network means creating a visual representation of your network, showing who you know, how
you know them, and how they are connected to each other. You can use tools like
LinkedIn, MindMeister, or Kumu to create your network map. A network map will help
you identify the size, diversity, density, and centrality of your network. These are some
key indicators of the quality and impact of your network.
03 Size – How The size of your network refers to how many people you have direct or indirect contact
many people with. A larger network can give you access to more resources, information, and
are in your opportunities. However, the size of your network is not the only factor that matters.
network? You also need to consider the quality and relevance of your connections.
04 Diversity – The diversity of your network refers to how different your connections are from you
How diverse is and each other. A diverse network can expose you to different perspectives, ideas, and
your network? cultures. It can also help you bridge gaps, cross boundaries, and reach new audiences.
However, the diversity of your network also comes with challenges. You may need to
invest more time and effort to build trust, communicate effectively, and overcome
biases.
05 Density – How The density of your network refers to how connected your connections are to each
connected are other. A dense network can foster collaboration, cohesion, and support. It can also
your create a sense of community and belonging. However, a dense network can also limit
connections? your exposure to new information, ideas, and opportunities. You may need to balance
your network with some weak ties, or people who are not closely connected to you or
your existing contacts.
06 Centrality: How The centrality of your network refers to how influential and visible you are in your
central are you network. A central network position can give you more power, control, and access. It
in your can also help you shape the agenda, set the norms, and spread the word. However, a
network? central network position can also make you more vulnerable, responsible, and
accountable. You may need to manage your expectations, obligations, and conflicts.
07 Evaluate your The third step to measure and evaluate your network is to compare your network map
network with your goals and identify the gaps, strengths, and weaknesses. Ask yourself
questions such as whether your network aligns with your goals, provides you with the
resources, information, and opportunities you need, challenges you, reflects your
values, interests, and aspirations, and has the right balance of size, diversity, density,
and centrality. Evaluating your network can help you ensure that it is meeting your
needs.
08 Strategy to The fourth step to measure and evaluate your network is to improve it. This could
 Improve your involve filling the gaps, leveraging your strengths, and addressing your weaknesses.
network Strategies for this include expanding your network by connecting with new people and
groups, diversifying it by connecting with people from different backgrounds,
activating it by engaging with contacts and sharing value, and maintaining it by
following up and expressing gratitude.

INSIGHTS FROM LINKEDIN CONNECTIONS:

1. Top 20 companies by my connections:

2. Top 10 positions by my connections:

3. No. of connections by year

9. Propose Your Personal Business Model Canvas