Entrepreneur as an Innovator and Problem Solver — Chapter Summary
NIOS · Class 10 · Entrepreneurship
Summary of Entrepreneur as an Innovator and Problem Solver for NIOS Class 10 Entrepreneurship. Part of the NIOS Class 10 Entrepreneurship syllabus.
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Overview
Entrepreneurship is a creative process that leads to innovation of new products, new processes, discovery of new knowledge, improvement in existing products and services, and newer ways of manufacturing with lesser resources. When such innovation solves social problems, it is called social entrepren
Key Concepts
Entrepreneurship is a creative process
Entrepreneurship is a creative process that produces new products, new processes, new knowledge, improvements in products and services, and better way
When innovation solves social problems
When innovation solves social problems, it becomes social entrepreneurship. The main goal is social change and improvement in society.
The entrepreneur who brings about innovation
The entrepreneur who brings about innovation for social good is called a social entrepreneur. Such a person looks for opportunities in social problems
Social entrepreneurs are ambitious
Social entrepreneurs are ambitious, act as social catalysts, are innovative, focus on creating social value, use resources well, and remain accountabl
A social entrepreneur aims at long
A social entrepreneur aims at long-term social issues and social value, while a traditional or commercial entrepreneur aims at market gaps and monetar
Learning Objectives
- Understand entrepreneurship as a creative and innovative process.
- Explain social entrepreneurship and the role of a social entrepreneur.
- Describe the main characteristics of social entrepreneurs.
- Differentiate between social entrepreneurs and traditional or commercial entrepreneurs.
- Recall major real-life examples of social entrepreneurship in agriculture, health care, education, hygiene, transportation, information technology, and textiles.
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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