The document summarizes the entrepreneurial journey of Sanjeev Bikhchandani, the founder of Naukri.com. Some key points:
1) Bikhchandani observed a real shortage of employable individuals and a fragmented job market while working for HMM, which gave him the idea to create an online job portal.
2) Technical challenges like the lack of internet infrastructure in India posed initial problems, which he overcame with help from his brother in the US.
3) In the early years of starting Naukri.com, Bikhchandani had to work long hours with a day job to sustain himself, showing his dedication and perseverance
The document summarizes the entrepreneurial journey of Sanjeev Bikhchandani, the founder of Naukri.com. Some key points:
1) Bikhchandani observed a real shortage of employable individuals and a fragmented job market while working for HMM, which gave him the idea to create an online job portal.
2) Technical challenges like the lack of internet infrastructure in India posed initial problems, which he overcame with help from his brother in the US.
3) In the early years of starting Naukri.com, Bikhchandani had to work long hours with a day job to sustain himself, showing his dedication and perseverance
The document summarizes the entrepreneurial journey of Sanjeev Bikhchandani, the founder of Naukri.com. Some key points:
1) Bikhchandani observed a real shortage of employable individuals and a fragmented job market while working for HMM, which gave him the idea to create an online job portal.
2) Technical challenges like the lack of internet infrastructure in India posed initial problems, which he overcame with help from his brother in the US.
3) In the early years of starting Naukri.com, Bikhchandani had to work long hours with a day job to sustain himself, showing his dedication and perseverance
The document summarizes the entrepreneurial journey of Sanjeev Bikhchandani, the founder of Naukri.com. Some key points:
1) Bikhchandani observed a real shortage of employable individuals and a fragmented job market while working for HMM, which gave him the idea to create an online job portal.
2) Technical challenges like the lack of internet infrastructure in India posed initial problems, which he overcame with help from his brother in the US.
3) In the early years of starting Naukri.com, Bikhchandani had to work long hours with a day job to sustain himself, showing his dedication and perseverance
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ASSIGNMENT-1
Opportunity Evaluation
NAUKRI.COM
Submitted by: Bhavesha Chandra D_14
Gunjan Tiwari D_19
Iqbal singh D_20
UNDER THE GUIDIANCE OF
Dr. Amit Kumar
SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES
SYMBIOSIS INTERNNATIONAL UNIVERSITY, PUNE
January , 2016 Sanjeev Bikhchandani is Indian businessman , he is the author and official VP of Naukri.com, it is an occupation entrance. He got a four year college education in financial aspects from St. Stephen's College in Delhi (University of Delhi) .Sanjeev PG in his left a genuinely agreeable employment in showcasing Horconks HMM (now known as GlaxoSmithKline) in 1990 The two organizations made Indmark and the edge of data. In 1997, Bikhchandani built up Naukri.com, work gateways in the United States on a server, and later Quadrangle, a scan for disconnected business administrators. He was chosen 2005 Ernst and Young Entrepreneur of the finalists for the Year Award. Since his school, it was obvious that he needed to do my MBA, he would work a couple of years, and after that established his own organization. He's there in light of the fact that he was 12 or 13 since he needs to be free, he must be in a business. This is his fantasy, a far off objective, until he left school. Around then, he chose to work 2- - 3 years and afterward begin your own. At that point he HMM, I came back to Delhi in eighteen months, he surrendered .Sanjeev "1990 In October 2009, our authorities work at home over the carport, my dad paid Rs800 every month lease."
What are those patterns saw by the business person beforing
wandering in the open door. Genuine shortage of employable individuals in pretty much every area of business and industry. At the point when Sanjeev was with HMM they were not having workplaces in segments as we have today. There common lobby where you could look, hear and address to everybody. He saw that when an office duplicate of Business India came in, everyone was used to peruse it from front to back. It had 34 to 46 pages of arrangement advertisements in each of its issue.
Around then Business India was the No.1 medium for arrangement promotions for chiefs. What's more, individuals would transparently discuss employments that were accessible or slipping out of their hands. They talked about circumstances. No one was applying, no one needed to leave since they were in an agreeable Multi Nationals working with great brands, great package and so on, however they used to discuss it. From these discussions he assumed that regardless of the possibility that you are not searching for an occupation, you take a gander at a vocation. You are always searching for another benchmark and checking on the off chance that you are passing up a great opportunity for anything.
Additionally, consistently 2-3 head-seekers would call offering employments. There
more likely than not been 100 talent scouts out there and each of them presumably had four to five customers. These occupations were never publicized in light of the fact that we didnt ever observe them in Business India or somewhere else. He figured, what is showing up in the daily papers is the tip of the ice shelf. There is a monstrous market underneath the surface, exceedingly divided and scatered crosswise over Human Resource Departments and arrangement specialists.
In the event that some person could total it, it would be a capable item where you could by one means or another profit. He knew this by 1990. When you are attempting to end up distinctly a business person there are a thousand thoughts - this was one of them.
Problems distinguished by the business person beforing wandering
in the open door. It was October 1996, I went to the IT Asia presentation in Delhi which happens each year. As a rule at IT Asia they have one structure with at least 100 modest slows down where one generally found a considerable measure of intriguing things. I saw a slow down in www composed on it. So he asked person what it implied, he said it was the World Wide Web. He asked what that implied and he said it was the internet and disclosed it to me.
Around then there was no TCP/IP get to, just highly contrasting screens on which he gave a trial to me. He was a retailer, exchanging VSNL email account. He said I don't need email, demonstrate to me the Internet. With the goal that individual took him to a site called Yahoo!, demonstrated to him best practices to pursuit, peruse, check different destinations - there was parcel of data.
He asked him what numbers of clients lives in India. He said 14,000. So he said, "Amazing!" I let him know I don't need an email account yet I need to set up a Web webpage, demonstrate to me proper methodologies to do it. He said I can't help you there in light of the fact that there you require a server and all servers which are in the US.
his sibling is a teacher at the UCLA business college, so he rang him up and let him know he needed to begin a Web webpage. he instructed him to help him to enlist a server, yet didn't have the cash and said he would pay him later. They were truly battling fiscally those days on the grounds that in 1996, on the off chance that you review, there was a subsidence. His sibling said, no issue, I will pay for it and you pay me when you can
Along these lines, absence of specialized foundation was the primary issue distinguished by the business person Gaps identified by the entrepreneur beforing venturing in the opportunity.
Personal characteristics of an entrepreneur.
During initial years, he had to do a second job. He use to got up at 6.00 in the morning, dropped his wife to the bus stop, was in the office by 7.00, worked till 12.00 then would go to The Pioneer come back and work till midnight again. This went on for three years.
That was tough, but the thing about doing your own business is that you are probably very happy even though you are not making money, for the simple reason that you are in control of your life and priorities and that is important to me.
What are the potential competitor of entrepreneur
Looking at such a successful business model created by online recruitment agencies, chances are that many more potential competitors may gain entry into the market. The potential entrants can be newspaper and magazine houses like The Times of India starting with timesjob since they are flushed with money and also have an experienced workforce to create the required structure. Sabotaging the existing clients of naukri.com by its competitors as done by monster.com recently and luring them with more listing and other value-added services at slightly more premium can have a longterm negative impact. While this issue can be tackled out by naukri.com, if it continues, it may result in erosion of market power and loss of customer confidence.
