The Young Entrepreneurs !!!!

The OCTAVE Entrepreneurship Project or the Diwali Entrepreneurship Project as we like to call it is one of the most important parts of practical learning for the students. The OCTAVE Entrepreneurship Project is specially designed to make students aware of various difficulties managers face while dealing with day to day business activities. The motive behind this project was to give a first hand experience to OCTAVIANS about how a business model works in real life. While imparting theoretical knowledge is given utmost importance in OCTAVE but it is also made sure that students get equal share of practical and market knowledge.

Similar to a cricket match learning management has two different vantage points, one from the audience’s eyes and second from a player’s eyes. In OCTAVE we believe in providing all vantage points to our students. While classroom sessions give complete theoretical learning and make students competent enough for industry exposure, special learning activities like OCTAVE Entrepreneurship Project give them an opportunity to test their understanding of the subject learned. The students can implement their learning in a live situation and analyze the outcome of it.

During OCTAVE Entrepreneurship Project students are given a fixed amount of funding to start a business venture. All the students are divided into various teams as they brain-storm and come up with an innovative business idea. After deciding upon the business idea the complete responsibility of the business venture is with the students. Faculties provide guidance to the students whenever they need it but other then that the students have complete freedom over making various decisions regarding the business.

The OCTAVE Entrepreneurship Project helps the students to learn various aspects of a business like sourcing of raw material, production process, distribution and finally achieving sales and earning profit. The teams act as a company launching a product in the market from scratch and earning highest possible profit. The teams are encouraged to come up with new and innovative ideas and carry on the business ethically. This real life experience takes the students through various phases of a product life cycle and brings them face to face with various problems that might occur in a live situation.

This year the student formed three teams or three companies and proved their mettle in the real business world by earning huge profit over their capital investment. Most of the teams achieved more than 100% profit selling their innovative products in the real market. Following are the Groups, the members and little bit about their products.

Name of the Group: LUPAS

Product: Sanskriti Diwali hampers (suited best as traditional gift).

Members:

Neeraj Upadhyaya

Nilesh Lakhe

Amol Patil

Meghna Singh

Pankaj Maske

Prasad Joshi

Name of the Group: ILLUMINA

Product: Designer Jelly and wax candles.

Members:

Rahul Kochar

Iraj Sheikh

Shantanu Bankar

Rahul Singh Bisen

Shivani Shirpurkar

Pranay Damle

Name of the Group: SAVI

Product: Customized computerized embroidery (mainly on T-shirts).

Members:

Vikas Mulchandani

Santosh Singh

Arnab Sarkar

Rajnish Shingade

Prerna Tiwari

Sameer Girhepuje

The Maitrban Experience

The two day outdoor excursion to “Maitrban” Near Jhilpi Lake was the best opportunity for all OCTAVIANS to relax and take some time out from their busy schedule and learning activities. The trip included various fun filled activities which mainly focused on bringing out the creativity of the students. The day began with an amazing bus trip to “Maitrban” with all OCTVIANS on board together in a happy and joyous mood.

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P & G Supply Chain Simplified

Supply chain management never seemed so interesting and fun to understand as it was in the session with Mr. Saurabh Niranjan Thakkar. Mr. Saurabh Thakkar, the director of “Pride Distributors Pvt Ltd” sole authorized distributor of Proctor and Gamble for Vidharbha and Jalgaon region gave an exclusive presentation to all OCTAVIANS on how the P&G products reaches to its customers.

The presentation given by Mr. Thakkar was very detailed and graphic in nature which helped us to understand in much better way how big companies like P&G manage their logistics and distribution.

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D-STREET ka DON in CAMPUS

It was an amazing experience to have such an eminent personality amongst us. Mr. Rajesh Tambe (financial analyst) who is famous for his show “D-STREET KA DON” and other shows on channels like CNEB, UTV, Bloomberg, NDTV Profit & Zee Business was here in the campus to have a face to face discussion with all the students. To interact with a person who has been writing regularly for leading Newspapers like Dainik Bhaskar, Nai Dunia, Prabhat Khabar & Magazine like Dalal Street, Money Today and Central Chronicles was similar to having an encyclopedia of business world in front of you.
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Sprouts n Roots going Commercial

It was pleasure to give presentation in front of guests like Mr.Jay Chopde and Mr. Rajeev .Everyone present liked the idea and concept of sprouts n roots. We even received encouraging comments from guests and members of TiE.We had product exhibition cum sale stall at persistent on 4th and 5th Aug.We received good response and did sales of around Rs.6000 in 2 days with profit margin of 30%. The image above is of pens we made for OCTAVE.These pens were distributed on 1st day to new batch and everyone liked this product.Thank you sir for giving us the opportunity.

Regards

Sprouts n Roots Team

Transformation of Coal into Diamond at OCTAVE

Octave Business School has been like a field of coal, where the inputs are in the form of coal and the outputs are diamonds which cannot be easily destroyed. As mentioned above Octave has given me some  beautiful experiences like increasing my communication skills (soft skills), ability to interact with customers in case of Diwali Project and also gave us projects which increased our knowledge in various fields. Apart from that personal attention was given to each and every student which is the biggest plus of Octave. The students are from diverse backgrounds and working with each of them was a unique experience. I recently joined Abhijeet Group in my SIP and hence I am very thankful to our Directors who trusted me to work in such a renowned Organization.

Harsh Khombhadia

Our first two weeks experience in VOLVO INDIA PVT. LTD.

It was a great experience working with SVENSKA TECHNOLOGY (Distributors for Volvo) from last two weeks, as we have really experienced how a corporate world works. It was a nice experience and sometimes tough also because we have to work for the whole day in the Nagpur’s scorching heat. It was a fabulous experience as we have really got to know how actually a real market works and how to do the sales. We are now combining theory and practice. We are really thankful to our college faculty and all the directors because they have actually helped us develop the habit of working for 8-10 hrs daily. We are determined that we will work harder in our remaining period of our SIP and in any company we join.

PIYUSH ASHTEKAR & PRATIK MOTGHARE