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University of the Punjab

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PU ORIC organizes Workshop on Entrepreneurship
PU ORIC organizes Workshop on Entrepreneurship


LAHORE: (Sunday, November 13, 2016): Punjab University Office of Research Innovation & Commercialization (ORIC) has arranged a workshop on Entrepreneurship for the students of Faculty of Engineering & Technology and Faculty of Economics and Management Sciences at seminar hall of Institute of Chemical Engineering & Technology. Director ORIC Prof. Dr. Aamir Ijaz welcomed the participants from Jehulam Campus, Gujranwala Campus, ICET, IQTM, Department of Economics, IAS, MME, IBA and IBIT. Prof. Ali Sajid, a PhD in Engg Management from George Washington University, USA, also a corporate trainer and community development volunteer was resource person of the workshop. Addressing the participants, Dr Ali Sajid said that entrepreneurship is process of designing, launching and running a new business which typically begins as a small business, such as a startup company, offering a product, process or service for sale or hire, and the people who do so are called 'entrepreneurs'. He said that it is a capacity and willingness to develop, organize, and manage a business venture along with any of its risks in order to make a profit. He said entrepreneurship typically focuses on the launching and running of businesses, due to the high risks involved in launching a start-up, a significant proportion of businesses have to close, due to lack of funding, bad business decisions, an economic crisis - or a combination of all of these or due to lack of market demand. He also highlighted historical evolution, relationship between small business & entrepreneurship, entrepreneurial behaviors, various strategies that entrepreneurs use including innovation of new products, services or processes, use of technology, use of business intelligence, development of future products and services, Project entrepreneurship, Financing etc. The students also performed different activities to get learn various business tips. Certificates were distributed to the participants after the workshop.