Entrepreneurship as innovative and problem solving cbse grade 11

Examples of social entrepreneurs

Vinobo bhave:bhudhan andolan -redistributed acres of land to the untouchables and landless Ela bhatt:self employed women's association. Dr.abraham M george:strengthen democracy,poverty,environmental health dr.verghese kurien:amul nand kishore chaudary:carpets harish hande:selco

Who is a social entrepreneur

martin n Osberg"social entrepreneur aims for value in the form of large-scale transformational benefit that accrues either to a significant segment of society or to society at large-(for)undeserved,neglected,,highly disadvantaged population that lacks the financial means or political clout to achieve the transformative benefit on its own.

Social entrepreneurship

According to j.Gregory dees"social entrepreneurship is which combines passion of a social mission with an image of a business like discipline,innovation,and determination.

Concept of risk taking

BO wheeler"risk is the chance of loss.it is the possibility of some adverse occurrence".types of risks: risks ar either insurable or non insurable- 1)internal risks:ordinary course of the business can b forecasted and probability of occurrence determined-human factors-technological factors .physical factors.external risks:economic factorsnatural factors,political factors,change in tastes and prefrences

Role of society and social media in creating new forms of business business

Business want better cost effective technology.and consumers wantbetter applications and devices.satisfying these demands would lead to explosive growth in data and analytical.disruption realignment and increased competition.eg:kenya s se of mobiles to record health statements.information collection.business intelligence.smart mobility.cloud computing.power of social media

Why are they called problem solver?

Entrepreneurs are so called because they solve problems perhaps taking risk but creates value out of it and the more value created,higher the values returned

Barriers to entrepreneurship

Environmental-social,cultural,economic,political.personal-perceptual&motivational

Growing need for entrepreneurship

Financial pressure are exacerbating poverty and unemployment.thus there is a need of the hour for innovative ideas to improve social conditions.

Lijjat pappad

Is purely a rags to riches story.a household name for pappad it has a turnover of 301/- crore.Society benefits from various donations,agents get their due share customers get quality and members obtain profit.initially it started when 7 Gujarati women living in Mumbai took up the loss recurring business of laxmidas bhai.so under the financial assistanceof mr.parekh,an inspirational social workerthey started their cooperative on a terrace.the business expanded overcomig problems like eg:rain prob.within 3 months-25,2 year-100-50 and by the third year around 300 members.by now a terrace wasn't enough so they spread their cooperatives to many locations.-publicity-ben/sister-how the systems work @cooperatives.branches hv accountants and keeps daily record.a comitee of 21@ top.dovision @branches among members=.mumbai:12,000 maharastra:22,000 gujrat:7000 exports:recognized as professional merchant exporters advance-mumbai-quality

Grameen bank,a model of sustainability

Mohammad Yunnus,nobel peace prize winner and founder.came up with a solution for the plight of the poor-micro credit.it began with the helping of a group of women to start with sewing business and receiving enough credit to rise above povert.hence the idea of "grameen bank" orginated.M &O"grameen bank sustained on its own by charging interest on its loans and recycling the capital to help other women.thus,being an inspiration to the world ,to combat povert,eg of other self help group:saras,mother diary,aarey

Innovations leading to entrepreneurial values:

Potato chips:they were invented by George crum,a chef at the Carey moon lake house in Saratoga springs.one day to the chef's annoyance a customer kept sending back a plates.upon repeatedly asking for it to be more fried.he chopped them insanely thin and fried it rock hard.the customer however,loved the dish. Ink jet printers:was invented by a canon engineer,after accidentally resting his pen on an iron box ink was projected out of his pen point leading to the creation of inkjet printer

Business incubation

Programs designed to support an array of business support resources and services developed or orchestrated by incubator management and offered both in incubator and through their network of contacts.eg:physical,capital,coaching,common services,and network connections study boxes below

Defining the characteristics of social entrepreneur:

Social catalyst:creating sustainable improvement and social changes.socially aware:social impact on the society,opportunity seeking,innovative,resourceful,accountable

Diff b/w entrepreneurship and social entrepreneurship

Social entrepreneur participates in profitable venture only if it generates valuable social programs for the whole community