Lessons from Legends - Inspiring and Invaluable quotes taken from the excerpts of speeches made by various guests in Great Lakes Institute of Management. In this series, presenting Ms.Kiran Mazumdar-Shaw : inspiring words from his speech at Great Lakes Institute of Management.

1. Great Lakes Institute of Management
Presents
LESSONS FROM LEGENDS
- Powerful quotes from visionaries
- Ms. Kiran Mazumdar-Shaw
Chairman and Managing Director, Biocon Limited.

2. “These are invaluable quotes taken from the
excerpts of speeches made by various guests in
Great Lakes Institute of Management.”
These excerpts were taken from
Ms. Kiran Mazumdar-Shaw's talk at
Great Lakes Institute of Management.
LESSONS FROM LEGENDS
www.greatlakes.edu.in

3. www.greatlakes.edu.in
The underlying fact of
entrepreneurship is that you must
pursue whatever you are doing with a
very deep sense of purpose.
– ON ENTREPRENEURSHIP

4. www.greatlakes.edu.in
Entrepreneurs are not quitters. Those
who quit cannot be entrepreneurs.
Entrepreneurship is all about handling
and facing failures. I always tell
people that failures are temporary
but giving up is permanent.
– MOTIVATING YOUNG
ENTREPRENEURS TO CHASE THEIR
DREAMS

5. You need the right team, you need
a shared vision, you need a sense
of passion, you need compassion,
and you need a principled way.
There are no short cuts.
– THE BASIC INGREDIENTS OF
SUCCESS
www.greatlakes.edu.in

6. Entrepreneurship is a very exciting
journey that not only allows you to
discover yourself but allows you to
discover possibilities. It allows you to
discover new markets and new ways
of doing things. Entrepreneurship is a
process of learning and you learn to
break ceilings.
– ENTREPRENEURSHIP AS A WAY OF
SELF DISCOVERY
www.greatlakes.edu.in

7. The first ceiling that I had to break
was the mindset of people who I
was approaching for capital.
Women were not seen in the
business environment. The bankers
and financial institutions were very
reluctant to lend money to women
- they considered it was very risky.
–RECOUNTING PERSONAL BARRIERS
TO SUCCESS
www.greatlakes.edu.in

8. My gender was a barrier not just with
financial institutions but also with
people. When they realized that I was
the managing director, they would
be horrified and could not accept a
25-year old jeans-clad young lady to
be the MD. Many would decline the
offer and walk away.
– ON THE CHALLENGES FACED AS A
WOMAN ENTREPRENEUR IN EARLY
1980s
www.greatlakes.edu.in

9. For many years, India has suffered from
this impression of being an imitator,
especially in the healthcare and the
pharma sectors. I wanted to change this
perception. I concentrated on
innovation and how to manage the
process of innovation.
– INNOVATION AS A MEANS TO CHANGE
GLOBAL PERCEPTION ABOUT INDIA
www.greatlakes.edu.in

10. To be a very successful entrepreneur,
my mantra has been to differentiate.
You must differentiate yourself and you
must see how different your business
model can look to compete with
others. Differentiation means no
copy-paste.
– DIFFERENTIATION AS A BUSINESS
STRATEGY
www.greatlakes.edu.in

11. As an entrepreneur, reinvent yourself all
the time. An entrepreneur has to
challenge his business model to get the
best advantage of future.
– EVOLUTION OF AN ENTREPRENEUR IS
KEY TO STAYING AHEAD
www.greatlakes.edu.in

12. www.greatlakes.edu.in
THANK YOU