The Institution Innovation Council (IIC) at Jaipuria Institute of Management, Ghaziabad, organized an expert talk on January 23, 2025, from 2:00 PM to 4:00 PM at Jaipuria Institute of Management. The session featured Mr. Sachin Sharma, Incubation Manager, UPID Noida, who provided valuable insights into Problem-Solution Fit and Product-Market Fit, two crucial concepts for entrepreneurial success.
With 45 MBA students and 3 faculty members in attendance, the event aimed to bridge the gap between theoretical knowledge and real-world business applications, helping students understand how to align innovative ideas with market demands. Mr. Sharma emphasized how these concepts are fundamental for startups to achieve sustainability and growth in competitive markets.
Key Highlights of the Session
Understanding Problem-Solution Fit
- Identifying customer pain points and designing innovative solutions.
- Ensuring that a proposed solution effectively addresses a real-world problem.
- Validating the fit between the problem and the proposed solution.
Achieving Product-Market Fit
- Understanding market needs and developing the right target audience.
- Crafting products that resonate with customer demands and expectations.
- Implementing strategies to scale a product successfully in a competitive market.
Real-World Case Studies
- Mr. Sharma presented successful startup case studies, demonstrating how businesses achieved both Problem-Solution Fit and Product-Market Fit through effective strategies.
- The discussion highlighted key challenges and best practices for entrepreneurs.
Interactive Q&A Session
- Students engaged in a lively discussion on entrepreneurship, market research, and product development.
- Questions were addressed on business scaling, startup funding, and customer acquisition strategies.
Key Takeaways for Students
- Bridging Theory & Practice – Gaining practical insights into entrepreneurial challenges and solutions.
- Industry-Driven Learning – Learning from an industry expert’s experience in startup incubation.
- Encouragement for Entrepreneurship – Motivating students to develop business ideas and explore startup opportunities.
- Understanding Customer Needs – Learning how to validate and refine ideas to meet market demands effectively.
The expert talk session, organized by IIC at Jaipuria Institute of Management, Ghaziabad, was an enriching experience, equipping students with valuable knowledge, tools, and real-world insights into entrepreneurship and market strategy. Mr. Sachin Sharma’s expertise and industry examples helped students gain clarity on aligning business ideas with customer needs and market viability.
The event successfully fostered an entrepreneurial mindset, encouraging students to innovate, strategize, and take bold steps toward their business ventures.
Jaipuria Institute of Management remains committed to enhancing students' industry exposure through expert-led sessions, workshops, and entrepreneurial programs.
