The session was divided into two parts. The first was about Mr Mishra’s journey after MBA from IIT Kanpur. The second focused on various nuances about the healthcare industry, market position of Philips, and the role Product Manager.
Mr. Mishra shared his experiences and key learning in the corporate world- working with a start-up, Entrepreneurial experience and journey with Phillips. He explained the importance of mentor, agility in start-up, learning as a key factor for growth and evaluating stock option opportunity while working with a start-up. He further moved to his own entrepreneurial journey with the alums of IIT Delhi and IIT Roorkee in health care sector. The key learning which he shared from this experience included working with managers’ vs working with entrepreneurs, tapping market opportunity, importance of constant innovation and improvement, recruitment as per need, hindrance to decision making due to too many partners, equality among partners, etc.
Mr Mishra went on to elaborate his experience with Phillips and the corporate learning. He talked about efficient and effective time investment in stakeholders, the importance of shining by performance and being visible by doing your job right. He emphasised that true growth can be brought upon best by taking up diverse projects, and being unique is the way to go.
The second part of the session Mr Mishra talked about the current scenario of Health care industry in India and the potential and growth opportunity in this sector. Mr Mishra then went on to talk about what exactly the role of a Product Manager is, and touched upon many different aspects of the job from his own personal experience. He talked about various different processes that a product goes though in its life cycle, from inception of an idea to conceptualization of the product, and on to the actual production, testing, marketing, distribution, and after-sales services. He emphasised the importance of reliability and safety of any product especially in the healthcare sector, where a minute fault can be a matter of life and death of a patient. In order to ensure this, he explained, the companies have a stringent quality testing procedure, as are the regulations imposed by the governmental agencies.
The session came to an end after a fairly exhaustive discussion about many different nuances of the healthcare industry with focus on Philips Healthcare, with a healthy interaction between the speaker and audience. Mr Mishra parted with the advice that we as students look into opportunities in the healthcare sector as there is a lot of scope which can be beneficial to both us and the Indian society.