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Chapter 6 of 18
Revision Notes

Entrepreneur as an Innovator and Problem Solver

NIOS · Class 10 · Entrepreneurship

Quick revision notes for Entrepreneur as an Innovator and Problem Solver — NIOS Class 10 Entrepreneurship. Key concepts, formulas, and definitions for last-minute revision.

88 questions38 flashcards5 concepts

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Key Topics to Revise

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1. Meaning of Entrepreneurship and Social Entrepreneurship

  • Entrepreneurship is a creative process.
  • It leads to new products, new processes, new knowledge, improved products and services, and better ways of manufacturing with fewer resources.
  • When innovation solves social problems, it is called social entrepreneurship.
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2. Characteristics of Social Entrepreneurs

  • Ambitious: Social entrepreneurs are highly ambitious and do not accept the status quo.
  • Social Catalysts: They act as change agents for society.
  • Innovative: They solve problems through new ideas and methods.
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3. Social Entrepreneur and Traditional/Commercial Entrepreneur

  • Social Entrepreneur - Objective: Identify and address long-term social issues.
  • Traditional/Commercial Entrepreneur - Objective: Identify and address unfulfilled market gaps.
  • Social Entrepreneur - Driving force: Create social value and bring positive change in society.
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4. Steps in Social Entrepreneurship

  • Step 1: Identify various problems and select one according to expertise and interest.
  • Step 2: Look for techniques and resources, both human and others, to find alternate solutions.
  • Step 3: Find as many different ways as possible for solving the problem.

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Full Notes

Key Concepts

Entrepreneurship is a creative processWhen innovation solves social problemsThe entrepreneur who brings about innovationSocial entrepreneurs are ambitiousA social entrepreneur aims at long

Frequently Asked Questions

What are the important topics in Entrepreneur as an Innovator and Problem Solver for NIOS Class 10 Entrepreneurship?
Entrepreneur as an Innovator and Problem Solver covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Entrepreneur as an Innovator and Problem Solver — NIOS Class 10 Entrepreneurship?
Understand the core concepts first, then work through the 88 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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