Rocket Singh group activity

This case is a typical Group Activity Case for Symbosis and JBIMS GDPI group activity on business ethics and innovative thinking… You are a team working together in different departments of a same organization.  You all now decide to leave the current organization and start ur own firm which will b in the same business as your organization. Discuss and jot down the action plan.. on how will you leave ur current company without spoiling ur reputation. Think for one minute and dicuss it out… Warning if no conclusion is reached.. full group can  washout.. so help each other.. Solution below… . . . . . . . . . . . 1. We need to ethically leave the current jobs, fulfilling all the requirements to avoid loss to the current employer. 2. We need to plan out for the startup before leaving the jobs. This planning would also include who leaves first and the roles of people in the startup. As well as the budget. 3. We need to determine what we need for our startup. (Raw materials for product based.. And such) 4. We need an analysis of the market to determine whether another such company is really needed there or not.. 5. We can look at other probable locations for startup too where we won’t have to worry about competing with our current employer. 6. We need proper contacts obtained without poaching the clients of the current employer. 7. We might as well start looking for interns who would ask for lower pays. 8.The newly formed organisation can also help the former employer by taking up sick units on a mutually agreed contract basis, since they already have contacts within the company. This way two goals can be achieved. New clients can be served, that will obviously help them create their own name if successful. Also the ex-employer can become a friend or a partner, rather than leaving a sour taste. 9. Create/Market/sell  products/services list and follow the business model