Politics and team work doesn’t go hand in hand. Ideally to avoid inefficiency these large MNC should have small teams and the leader of the team should make sure that no team member is playing politics.

Difficult to achieve but not impossible.

Many of them will say No and will justify by saying that you should burn all your bridges to attain success. But i suppose if we see Plan B more like adapting and showing flexibility then taking it as a sign of failure then it would be better for us.

Have Plan B, but always remember it as being flexible.

We will take example of GoByRoad.com startup. This is an Online Travel related company which currently caters for Online Cab booking in Pune. Therefore can we safely say that this a Travel Category startup? But this startup is hugely dependent on its IT team to deliver new products and offerings which Sales guys come up with. So is this an IT related company? No not really.Then what category should we put this startup into?

The point which I am trying to make here is these days when some startup says that we are X category or Y category company then they should rethink. As your own categorization will have an impact on your brand and image in the market.

This post is very concise and to the point.You may or may not agree with my views,in either case your comments are welcome.

RS

This is interesting read and continuation to this i will pen down few of the stuff from my experience, knowledge and understanding on why startups fail.

From one of the simple definition (source Wikipedia) : “An Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations , particularly new businesses generally in response to identified opportunities.”

I agree with how most of the people define entrepreneurship but there is another important aspect which people and entrepreneurs in general tend to overlook. That aspect is looking at Entrepreneurship as a thought which first comes to mind then runs into your blood resulting in a person who thinks innovatively for benefits of his and the society.

Did I mention society?

But how a startup’s entrepreneur can think of society and state welfare even when it’s difficult for him to run the company’s day to day expenses? Once you actually start running a company on the ground than the only thing which matters is profit and survival.Society, people and welfare are all things which are good to be read in books. In capitalist economy where Entrepreneurship can exist, don’t advocates about society and common welfare.

The above arguments are quite popular ones and my answer to above arguments is very simple and logical, what will happen to Entrepreneurship if society or people are not flourishing, because these are the basic building elements that drive the Capitalist economy and thus Entrepreneurship.

Any startup which maintains a balance between profit making and having sense of giving back to society by whatever means, can only be put into category of real Entrepreneurship. In world and specifically in India we have dearth of this type of Entrepreneurship.

Entrepreneurship if adopted in its true sense then it can become the driving factor for overall growth of all the sections of society even in the Capitalist form of economy.

Your thoughts are welcome!!

Also I am trying to redirect you thoughts towards another related important question that why today many people want to become Entrepreneurs? This would be my next topic of discussion.