Entrepreneur as an Innovator and Problem Solver — Flashcards
NIOS · Class 10 · Entrepreneurship
38 flashcards for Entrepreneur as an Innovator and Problem Solver (NIOS Class 10 Entrepreneurship) to test yourself on key terms and facts.
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What is entrepreneurship in this chapter's context?
Answer
Entrepreneurship is a creative process that leads to innovation of new products, processes, discovery of new knowledge, improvement in existing products and services, and newer ways of manufacturing w…
What is social entrepreneurship?
Answer
Social entrepreneurship means using innovation to solve social problems. The goal is social change, not just profit. A social entrepreneur looks for opportunities in problems faced by society and work…
Who is called a social entrepreneur?
Answer
The entrepreneur who brings about innovation that solves social problems is called a social entrepreneur. Such a person acts as a change agent and works to improve society.
Why are social entrepreneurs different from commercial entrepreneurs?
Answer
Social entrepreneurs identify and address long-term social issues, while commercial entrepreneurs identify and address unfulfilled market gaps. Social entrepreneurs create social value and positive ch…
Compare the impact of social entrepreneurs and traditional entrepreneurs.
Answer
Social entrepreneurs act as change agents and transformational leaders. Traditional or commercial entrepreneurs act as transactional leaders. The first focuses on social transformation, while the seco…
What does it mean when success is measured in social entrepreneurship?
Answer
Success in social entrepreneurship is measured by improvement in social issues. The focus is on the effect on people's lives and not only on financial profit.
What are the main outcomes of social entrepreneurship?
Answer
The main outcomes are long-term sustainable solutions for societal problems. Social entrepreneurship aims to create lasting improvement in society, not short-term relief.
State two important characteristics of social entrepreneurs.
Answer
Social entrepreneurs are ambitious and do not accept the status quo. They are also social catalysts, meaning they act as change agents for society. Other important qualities include innovation, resour…
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