Q:1Towhomyoufeelisthemostinspiringcharacterinthemovieamongallthe

leaders?
Entrepreneursarekeenobservers.Theybelieveinlearningfromdifferentsourcesit
doesnotmatterwhetherthesourceofinspirationisaDabbawalafromMumbaior
somecharacterfromamovie.Whenitcomestostudententrepreneurs,thereisone
characterwhocanprovetobearolemodelHarpreetSinghBedialiasRocketSingh
(Ranbir Kapoor). The journey of Harpreet Singh from being an average B.Com
studenttotheFounderofRocketSalesCorporation,teachesusmanylessons.Here
are5entrepreneuriallessonsthatstudentscanlearnfromRocketSingh:
(1)Honesty
WhenHarpreetwenttotakehisfirstorder,hewasaskedforabribe.Hewrote
a complaint and got insulted by his Boss for not understanding the work. But,
Harpreetremainedhonest.Itwasthequalityofhonestywhichhelpedhiminwinning
hisfirstclientwhenhestartedRocketSalesCorporation.
(2)Dedication
Harpreet usedto sit in the office,and work till late hours just to meet the
expectationsofhisclients.Hedidnotleaveanystoneunturnedwhenthematterdealt
withthegrowthofRocketSalesCorporation.
(3)Incentivise
Inoneofthescenes,HarpreetofferspartnershipinRocketSalestothepeon
(Chotelal)whoistreatedbadlyatAYS.Harpreetgavehimrespectandthatmotivated
Chotelaltodeliverhisbest.Givingtherightincentivetotherightpeopleisrequiredto
buildagreatteam.Ofcourse,inastartuppayingahighsalarymaynotbepossible.
Sothatswhenotherincentivesneedtobethoughtof.
(4)SelfStart
Eveninthemostdesperateofsituations,Harpreetneverlosthisoptimism.He
focused on solutions rather than mulling over the problems.
Healwaysmadehiswayfromcluttertoclarity,motivatedhispartnersandmadethem
delivertheirbest.
(5)PrioritizingCustomers
EventhoughAYSsucceededinconfiscatingRocketSalesCorporationfrom
Harpreet,theyfailedtosatisfythecustomersinthesamecircuit.Ascustomersnever
topped their priority list, AYS could not fit into the mould of Rocket Sales
Corporation.Intheend,HarpreetgothisCorporationbackbecausehehadsucceeded
inbuildingrelationswiththecustomers.

Themainaimofanentrepreneuristoattainfameandfinancialliberty;however,there
lies a thin line of demarcation between making money and earning money.
ThroughHarpreetSinghsexample,studententrepreneurscanlearnthatmoneycan
seriouslybeearnedifonebelievesindeliveringthebesttothecustomerswhile
remaininghonesttooneself/othersandhumbletotheirteam.Withanideawhichis
likeaRocketinPocket,ifstudentsworkalittleonbuildingtheircomprehensive
skills,thentheirstartupshallcertainlylaunchtoattaingloriousheights.

Q:2-SWOT analysis of AYS and Rocket Sales?

AYS

Rocket Sales

Strength
capital
Brandname
talented employees

Strength
Team-work
sales service
customer relationship
and support
respect and made
partners
apponted higher
experiences person
better quality at lower
cost

Weakness
poor sale service
customer relationship
teamwork

Weakness
capital
time and space shifting

Opportunity
Expansion
printer and scanner

Opportunity
expansion,
mergers and equision

Threats
competition
technology

Threats
competition from AYS
and others
technology
computers are
outdated.

Q:3-If you would be on place of Mr. puri, what winning

strategies you would have applied to your existing
business to compete with Rocket Sales Corporation?
Answer:3
1. Focus on 3s-sales,service and support
2. Maintain customer relationship
3. Proper customer feedback
4. Appoint more talanted employees
5. Propoer management
6. Deal with employees properly
7. Set proper target for each employee
8. SMART goals
S-specific
M-measurable
A-achievable
R-realistic
T-tangible
9. Do not be like boss,be like a leader
10.
Appreciate each employee-and work like
partners
11.
Focus on customer needs and not on needs of
company
12.
Appreciation of employees-thinkabout their
family,give bonus,employ higher experienced people.
13.
#1 SATYAM (2009)
Protagonist B Ramalinga Raju & others
Amount Rs. 7,200 Cr
What was it about?
An accounting scandal where Ramalinga Raju confessed to
having cooked up the accounts of Satyam Computers and

inflated its bank balances. He has, along with his family

members, also been accused of laundering money through
a mesh of hundreds of companies.
With all the 10 people involved in the multi-crore
accounting fraud in the erstwhile Satyam Computer
Services Ltd (SCSL) found guilty by a special Central
Bureau of Investigation court in Hyderabad, the six-yearold case has reached its logical conclusion.
B Ramalinga Raju, one of the pioneers in the industry and
Satyam's founder and then chairman, allegedly confessed
to manipulating his company's account books and inflating
profits over many years to the tune of crores of rupees.
The confession sent shockwaves across the industry.
He was arrested by Andhra Pradesh Police's Crime
Investigation Department along with his brother Rama
Raju and others on January 11. All the 10 accused in the
case are currently out on bail. Around 3,000 documents
were marked and 226 witnesses examined during the trial
that began nearly six years ago.
Satyam scam untangled:
- 2003-2008: False clients, projects and invoices created to
boost companies profile
- 2009: Satyam reports Rs 5200 cr sales vs real sales of Rs
4100 cr
- 2009: Satyam reports 24% profits vs real profits of 3%
- Damages calculated at Rs 7900 cr
Satyam scam probe:
- Concurrent probe by CBI, ED, SEBI
- 53,000 employees, millions of investors impacted
- Accused charged with cheating, forgery, faking accounts
and IT violations
- Raju's Defence: Letter allegedly sent by him to board was
a hoax
- 3000 documents, 223 witnesses examined
- Verdict postponed twice
Serious Fraud Office to summon Vijay Mallya over alleged
fund diversion at Kingfisher: Report

The government's fraud investigating agency, the Serious

Fraud Investigation Office (SFIO), has reportedly initiated a
probe into alleged financial irregularities worth over Rs
8,000 crore at Kingfisher Airlines.
The agency has already sent notices to United Breweries,
Kingfisher Airlines and United Spirits, said a CNBC-TV18
report, citing unnamed sources.
SFIO is expected to summon Vijay Mallya and executives
of United Breweries and United Spirits, the report said.
The report said that the agency is carrying out an
investigation into alleged mismanagement of funds from
2005 to 2014, which could have resulted in the grounding
of the carrier.
The agency is currently examining the flow of funds
between Kingfisher Airlines and group companies United
Spirits and United Breweries, to identify the fraud.
The airline, grounded since October 2012, lost its flying
licence on 31 December 2012 when aviation regulator
Directorate General of Civil Aviation refused to renew the
licence over the company's inability to provide a
satisfactory plan to continue operations.
In May, a DNA report claimed that United Spirits (USL)
chairman Mallya misused company funds worth 170
crore to buy shares of his IPL team Royal Challengers
Bangalore (RCB) at 3,62,240 per share.
Besides, audit firm Price WaterHouse Coopers had
revealed that USL funds were parked with other Mallyaowned companies from 2010 to 2014 without the consent
of the company's shareholders.
Vijay Mallya faces CBI heat over loan fraud
The CBI has registered cases of criminal conspiracy
and criminal misconduct by the persons involved
The Central Bureau of Investigation (CBI) is conducting
raids on liquor baron Vijay Mallya and his defunct

Kingfisher Airlines in connection with alleged loan default

of Rs 900 crore.
The agency is investigating a loan default worth Rs 900
crore sanctioned by IDBI Bank to Mallyas company
despite the airline's negative credit ratings and net worth.
The raids are being conducted in five locations three in
Mumbai, one in Bangalore and one in Goa in the office
and residential complex of Mallya, CBI sources said.
"A case has been registered against Vijay Mallya, director
of Kingfisher Airlines, A Raghunathan chief financial officer
of said firm and other unknown officials of IDBI Bank for
allegedly violating banking norms in sanction and
disbursement of credit limits of Rs 900 approximately,"
said a CBI spokesperson.
The CBI had registered a preliminary inquiry against IDBI
Bank and Kingfisher Airlines in August. It was the first
exposure to the bank. There was no need for the bank to
take the exposure outside the consortium when already
other banks loans were getting stressed, the CBI had
alleged while initiating the probe last year.
During the preliminary inquiry, the agency examined
officials of IDBI Bank seeking answers on sanctioning the
loan to the airline, ignoring its own internal report which
had warned against such a move.
The debt-ridden Kingfisher Airlines, which had stopped
operations in October 2012, owed Rs 7,500 crore to a
consortium of banks led by State Bank of India.
The CBI has been looking into rising non-performing assets
(NPAs) of public sector banks and has registered dozens of
cases against defaulting companies in the past.
Biggest healthcare frauds in 2015: Running list
Healthcare fraud continues to roil the industry, as a steady
stream of doctors, practice owners, suppliers and even

executives are charged weekly with ripping off patients

and payers alike.
In 2014, the federal government recovered nearly $5.7
billion in healthcare fraud cases, up $1.9 billion from the
prior fiscal year. Of that amount, $2.3 billion was tied to
healthcare fraud against the federal government,
according to a recent review by the Nashville, Tennessee
firm of Bass, Berry & Sims PLC.
Already, 2015 has seen a host of major fraud news
involving dozens of individuals and amounting to millions
in abuse, often related to Medicare fraud.
Well keep tabs on the biggest cases, those with greater
resonance for healthcare providers, in this running list.
Check back often as new cases are added.
Citibank Fraud:
Citibank fraud was a major blow to Indian financial service
industry. The real sulprit behind this scene is Mr. Shivraj
Puri, who was working as the relationships manger with
Gurgaon branch of Citibank. He lured investors into a fake
scheme with the help of forged circulars from Securities
and Exchange Board of India (SEBI) with a hope to cash on
very high interest rates. He came into light when the bank
started receiving complaints from various clients about a
scheme which was non-existent for the bank.