Webinar on Lean Startup and MPV, Session on Innovation Held at MCM

By 121 News

Chandigarh June 18, 2021:-The Institution Innovation Council (IIC) of Mehr Chand Mahajan DAV College for Women organised a webinar on the topic 'Lean Startup and Minimum Viable Product/Business'. The resource person for the lecture was Prof Raj Kumar Singh, Dean (R&D), Head, Department of Commerce and Chairperson (Centre for Entrepreneurship, Innovation and Skill development), School of Management Sciences, Varanasi. Over 141 students and faculty members attended the webinar. Highlighting the need for more startups in a developing country like India where the percentage of successful startups is just 10 percent, Prof Singh asserted that startups act as economic growth drivers, employment generators, skill and service development measures, for increasing exports, balanced regional development, etc. He also shed light on the causes for startup failures including lack of innovations, feasibility analysis, poor succession planning, etc. Adding that the right way to do Minimum Viable Product or Business (MVP) is to add value to the products, Prof Singh said that the correct way to plan MVP is through identification and understanding of the problem. The speaker also emphasised on design thinking for innovation for lean startups. The session was very informative and the students actively participated by raising various questions. In another event, the Postgraduate Department of Commerce organised an online session on 'Igniting Innovation among Students' with the objective of generating awareness among students about the concept of innovation and the process of design thinking. Prof Tejinder Sharma, Chairperson, Department of Commerce, Kurukshetra University, Kurukshetra was the speaker for the online session that saw enthusiastic participation of over 100 students. Prof Sharma explained design thinking as an iterative process that helps to understand the user, challenge assumptions, and redefine problems in an attempt to identify alternative strategies and solutions that might not be instantly apparent. 
Principal Dr Nisha Bhargava motivated the students to be the agents of change and continuously contribute towards the society through new and innovative ideas. She emphasised that the college is committed to empower students by equipping them with innovative skills to face the challenges of the real world and find solutions for problems faced by mankind.