Today’s seminar was a big success. The speaker Mr. Irfan Mustafa, a former IBA alumnus, was brilliant. He made it an interactive and memorable event with lessons that people took back home.
We wish to thank the following Entrepreneurship Society members who helped make this a success:
Thanks also to the audience for being participative and cooperative. Cheers 🙂
As the title of this post goes, there is full sponsorship for top 5 teams.
Guys, please do us proud InshAllah!
Please get your original IBA ID Cards tomorrow for the tickets and give them to the Society heads at your campus. they shall be returned to you on the same day.
Also, please mail the following to iba.ent.society@gmail.com:
IRFAN MUSTAFA
VP & MD – Middle East, North Africa, Pakistan & Turkey – Yum! Restaurants International & Chief Leadership Development Officer – Yum! Brands Inc.
Presently Managing Director for the Middle East, North Africa, Pakistan and Turkey region for Yum! Restaurants International, parent company of KFC, Pizza Hut, Taco Bell, A&W and Long John Silvers. Also the Chief Leadership Development Officer of Yum! Reporting to the Chairman & CEO, YUM Brands!
The region comprises 14Â countries with a network of 1000 restaurants and US$Â 1 Billion turnover.
Previous assignments include 6 years with PepsiCo and 14 years with UniLever in Marketing and General Management in Pakistan, West Asia, Egypt and U.S.A. Key positions held – VP, Strategic Planning, PepsiCo, New York; Area VP & CEO PepsiCo, West Asia, Lahore, Pakistan; and General Manager, Home and Personal Care Businesses and Member of the Managing Committee UniLever, Pakistan.
Holds two post graduate degrees in Business Administration – one from IMDÂ (Lausanne, Switzerland) and second from IBA Karachi.
He and his wife Yasmin have one daughter and two sons and reside in Dubai, U.A.E.
For several years has been actively involved in social and community based projects that focus on development of youth, education and poverty alleviation.
Has also extensively lectured as a guest speaker in an outside Pakistan specially the following institutions on Leadership, Marketing and General Management issues –
–Â Â Â Â Â Â Â Â Â USA:Â Stanford University – business school and executive management program
University of Berkeley – executive management program
–Â Â Â Â Â Â Â Â Â UAE: Higher Colleges of Technology, Abu Dhabi.
American University in Dubai.
–Â Â Â Â Â Â Â Â Â Pakistan: Â various business schools and professional forums and leading multinational organizations.
Board Member:
–Â Â Â Â Dun & Bradstreet International, South Asia & Middle East – Dubai, U.A.E.
–Â Â Â Â Shaukat Khan Cancer Hospital, Pakistan (Karachi project)
– Â Â Â NetSol Technologies (Pvt.) Ltd., Pakistan and Co-founder of NetSol Inc. A Nasdaq Company.
–Â Â Â Â Partner & Board Member – Amzone LLC – California – Franchisee of Taco Bell
–Â Â Â Â Haleeb Foods – Pakistan – leaders in dairy and processed foods.
In the role of Chief Leadership Development officer (CLDO), I am leading two world wide initiative.
A)Â Â Â Â Developing a new set of attributes for company’s future growth leaders based on which they will be identified and natured to take on senior positions with the aim of producing breakthrough results consistently.
B)Â Â Â Â Â Jointly running a 1 week leadership program together with the President of the company twice a year for selected high potential executives.
Isn’t it impressive? 🙂
Just a recap:Â Attendance is mandatory at today’s seminar for all classes taking Entrepreneurship and Entrepreneurial Management.
ATTENDANCE IS ALSO MANDATORY FOR ALL MEMBERS OF THE ENTREPRENEURSHIP SOCIETY.
Be there at 2:45 Sharp, attendance shall be taken periodically during the seminar.
Guys, please don’t take construtive events as a burden. The students in charge and the IBA administration goes through a lot of trouble to organize these. Please at least give the prestigious speaker coming today a fair hearing. It may be of help as you set out to establish your careers.
Don’t you remember the Nadeem Chauhan seminar? Wasn’t it motivational – 2 hours well spent?
I can’t promise that this one will be as interesting. My only plea is that at least give this speaker one chance.
Members buck up, show your Entrepreneurial Spirit!
alright guys,
Although for now u have to pay for ur ticket we are trying to get a discount. it will cost us Rs. 10 200 to 10 500 approximately.
But we need to book and pay for the tickets. So, the top five teams, BY MONDAY, whoever wants the Discount tickets has to submit us the money for their team. I will put up the confirm amount by Tomorrow. Bring the money by monday coz otherwise we cant register for u. and ull hv to buy ticket on ur own which will be expensive. also if IBA reimburses later u wont be paid in excess of the amount IBA got the discounted tickets for.
we are trying to talk to lums for other 5 teams so it ll apply to u as well if INSHALLAH we succeed.
For now, all ten teams email us the following details ASAP at iba.ent.society@gmail.com, with ur team no and rank.
Congratulations to the winners 🙂
LUMS is currently giving us space for top five teams. However, we are in the process of negotiations and will try to send as many of the top ten teams as we can.
IBA will pay the registrations for each team. We are trying to arrange funds and we might sponsor fully or partial the air fare too. however, we do not guarantee that.
FOr tickets , we are getting a bulk discount so contact us asap with funds and we will arrange.
CONGRATULATIONS again 🙂
The Final result of 2nd screening process of Business Plan is Now complete. Result is As Given below:
 GRADING SHEET FOR FINAL SCREENING OF YLES 09 BUSINESS PLAN
| Team # | Topic | SCORE | RANK |
| 53 | Daneen | 27.30 | 1 |
| 18 | Osmosis | 27.00 | 2 |
| 44 | Novus | 26.00 | 3 |
| 15 | Mend it | 25.00 | 4 |
| 3 | Rock Com | 24.30 | 5 |
| 13 | Health com. | 23.30 | 6 |
| 10 | Bridal Dress | 22.50 | 7 |
| 33 | Home Tutor | 22.30 | 8 |
| 55 | Cutting Edge | 22.30 | 9 |
| 58 | Cover Conection | 22.30 | 10 |
| 29 | Rural Midwife | 22.00 | 11 |
| 11 | Catalyst | 21.50 | 12 |
| 36 | Discounterz | 21.30 | 13 |
| 5 | Azka | 21.00 | 14 |
| 54 | Beach Vista | 20.00 | 15 |
Â
However if sufficient funds are generated through sponsorship a FAIR formula can be arrived at to reimburse part of Air Fare. IBA is committed to pay to LUMS Rs. 5000/participant and Rs 1500/Team.Â
Any other expenditure has to be borne by the student themselves.
For getting any reimbursement from IBA parial or complete students should keep original tickets and boarding pass intact.
students should remain in touch with blog and samar and insia and immediately provide their CNIC No, Mobile and Email addresses to them.
We have viewed some of the most innovative and comprehensive plans during the course of this competition. However the following were truly outstanding.
The top 15 teams will now go through the final screening round, the details of which you can read in the previous post.
Congratulations to the winners!
These are the scores:
| YLES ’09 SCREENING ROUND RESULTS | |||
| Results Verified by Entrepreneurship Society | |||
| & Faculty Members | |||
| TEAM # | NAME OF TEAM | AVG. MARKS | |
| TEAM 33 | Ali Vaqas | 88.3 | 1ST |
| TEAM 5 | Azka, Aimen Waqar | 85.375 | 2nd |
| TEAM 29 | Ali Afzaal, “Rural Midwife Organization” |
83.6 | 3rd |
| TEAM 55 | mosaic furniture | 83.5 | 4th |
| TEAM 44 | Ahmar bajwa | 83.25 | 5th |
| TEAM 18 | Amna Sarfaraz | 82.66 | 6th |
| TEAM 3 | rockpk.com, Moiz Khan | 82.4 | 7th |
| TEAM 53 | sadaf aslam | 82.4 | 7th |
| TEAM 15 | Mend It, Zahra Inayat | 82.375 | 9th |
| TEAM 36 | Discounters, Hussein Juzer | 82.3 | 10th |
| TEAM 54 | beach vista | 82.3 | 10th |
| TEAM 10 | Samar Irshad | 82.125 | 12th |
| TEAM 11 | Aiman Baloch | 82.125 | 12th |
| TEAM 58 | quattro | 82 | 14th |
| TEAM 13 | Nida Nasir | 81.8 | 15th |
| TEAM 34 | Sana Mapara | 81 | |
| TEAM 21 | Saad Ahmad | 80.875 | |
| TEAM 27 | Basim Waheed | 80.875 | |
| TEAM 40 | Flash Cab service, Aamir Hanif | 79.67 | |
| TEAM 9 | Maimoona Tariq | 79.5 | |
| TEAM 43 | Ibrahim aftab | 78.75 | |
| TEAM 57 | dress code | 77.67 | |
| TEAM 45 | ahmad bin amjad | 77.6 | |
| TEAM 31 | Handyman, Dania Siddiqui | 77 | |
| TEAM 12 | Appetit, Umber Zareen Siddiqui | 76.7 | |
| TEAM 39 | Shahrukh Rao | 76.5 | |
| TEAM 22 | Dawar Shah | 75.67 | |
| TEAM 38 | Live Wise, Sumbul Jehan | 75.5 | |
| TEAM 2 | Saad Khan | 75.4 | |
| TEAM 41 | Qurrat-ul-Ain | 75 | |
| TEAM 8 | Mustali Hussain | 74.625 | |
| TEAM 30 | Clean Sweep, Raymond | 74.2 | |
| TEAM 51 | noshin ahmed | 74 | |
| TEAM 4 | Sportzilla, Midhat Rizvi | 72.8 | |
| TEAM 26 | Paypak, Taimoor Zubair | 72.6 | |
| TEAM 1 | WILL, Sahar Pirvani | 72.5 | |
| TEAM 32 | Funeral service, Afshan Pasha | 72.42 | |
| TEAM 47 | Hira channa | 72.4 | |
| TEAM 60 | power generators | 72.3 | |
| TEAM 35 | Faizanullah, Bolton | 72 | |
| TEAM 46 | Knowledge world, Farah Farooqui | 72 | |
| TEAM 6 | Mashal Masroor | 71.8 | |
| TEAM 23 | Chicken Leather, Adeel | 71 | |
| TEAM 16 | Sugar Cane Nectar, Bilal Yousuf | 70.5 | |
| TEAM 42 | Shehreena | 70.25 | |
| TEAM 17 | Munaf Usmani | 69.75 | |
| TEAM 14 | The Storytellers, Yasir Hamid Rana | 69.5 | |
| TEAM 28 | Kamil Mahmood | 69.25 | |
| TEAM 48 | Dewan | 67.6 | |
| TEAM 37 | Faizan Majeed | 67.3 | |
| TEAM 50 | Colin Miranda | 67 | |
| TEAM 7 | Waqar Raza | 64.5 | |
| TEAM 24 | Ali Tariq | 64 | |
| TEAM 20 | Saad Amin | 61.25 | |
| TEAM 49 | floricente statinary | 61.2 | |
| TEAM 19 | Muneeb Tariq | 58 | |
| TEAM 52 | anes jaleel | 57.67 | |
| TEAM 59 | RFID | 54.67 | |
| TEAM 56 | Ufactor | 45.33 | |
| TEAM 25 | Ahsan Pervez | Finances missing | |
We are very impressed by the enthusiasm of the students and quality of the business plans received. The very fact that 300 students participated in this competition undertaking all the inherent risks proves that each and every one of you is an ENTREPRENEUR.
We have many more exciting events and competitions lined up so don’t be dissapointed. Congratulations to the Winners again!
Best of luck for the next round! 🙂
See blog for names of shortlisted groups on Thursday, 22nd January after 1600 hours.
Short listed groups will be required to submit 4 copies of revised team profile and updated plan by 1300 hours on Monday, January 26, 2009 to MARIUM AHMED at Main Campus and to SAMAR IRSHAD / INSIA ALI at City Campus as per minimum requirements given below:
§ Length of plan not to exceed 12 pages typed under appropriate headings in double space, font size 12 with margins recommended in formal business reports. Appendix excluded but figures in Appendix should be readable with a normal eye sight.
§  There shall be 10 minutes power point presentation followed by RIGOROUS QUESITON ANSWER SESSION FROM JUDGES on a date that shall be subsequently announced.
§  Plan should show evidence of:
1. Due diligence exercised in preparation of plan
2. Team Strength in Presentation skills, Case Analysis (Problem Solving Skills) and creative advertising skills
3. Level of planning for further refinement under guidance of a specialist mentor/venture capitalist
FOR IT RELATED PLANS, OPTIMIUM INFORMATION ABOUT TECHNOLOGY PLAN BE GIVEN
4. Critical Success Factors & Risk Factors of Business
5. Exit Strategy
6. Succession Planning
7. Awareness of latest technology hub and justification for accepting lower technology level
8. Economic importance of venture for the country in any one or more of the following sectors:
i. Contribution to growth in micro, small, medium or large business
ii. Impact on Environment
iii. Impact on Quality of life of SEC B, C or below
iv. Employment generation ability/Poverty alleviation
v. Rehabilitation of returning overseas Pakistanis
vi. Impact on Balance of Payment i.e. Import Substituttion or Export Potential of non-traditional markets or products
9. Analysis of Key Ratios, including:
a. Current Ratio
b. Acid Test Ratio
c. Average Collection Period
d. Inventory Turnover Ratio (if applicable)
e. Debt Ratio
f. Debt to Equity Ratio
g. Net Profit Margin Ratio
h. Return on Investment
i. Future Valuation
j. Major Valuation (Refer Page 370 of HPS[1])
k. ROI
l. Payback Period
These should be attached as Appendix.
10. 3 Year Projections of Income Statement, Balance Sheet, Sources & Applications of Funds and first 6 months statement of Cash Flows – first month weekly, rest monthly. These are also to be attached as Appendix.
See Recommended Texts:
IBA's Entrepreneurship Society's Blog 