Question : Case Study 8: Entrepreneurial Innovation
Rohan, a young entrepreneur, noticed the difficulty faced by elderly citizens in his neighborhood while accessing healthcare facilities. He developed a mobile app that connects senior citizens to healthcare professionals who provide home care services, ensuring convenience and quality care for the elderly.
Question:
Rohan's app provides an example of:
Option 1: Traditional business model
Option 2: Technological regression
Option 3: Entrepreneurial innovation
Option 4: Stock market investment
Correct Answer: Entrepreneurial innovation
Solution : The correct answer is (c) Entrepreneurial innovation
Rohan's development of a mobile app that addresses the needs of elderly citizens by connecting them to healthcare professionals for home care services exemplifies entrepreneurial innovation. The use of technology to solve a specific problem in a novel way is a hallmark of entrepreneurial innovation.
How did Rohan's entrepreneurial innovation address the needs of elderly citizens?
Option 1: By developing video games for entertainment
Option 2: By providing home care services through a mobile app
Option 3: By selling traditional healthcare products
Option 4: By organizing healthcare conferences
Question : Case Study 7: Impact of Entrepreneurship on Employment
Ms. Patel, a successful entrepreneur, founded a chain of boutique hotels in various tourist destinations across the country. Her hotels have not only attracted tourists but also provided job opportunities to the local community.
Ms. Patel's role as an entrepreneur has contributed to:
Option 1: Decreased tourist attractions
Option 2: Increased pollution in tourist destinations
Option 3: Economic development and employment generation
Option 4: Decline in the hospitality industry
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