CBSE Class 11 Entrepreneurship Chapter 4: Innovation and Problem Solving NCERT Solutions

Here are the answers to the questions, each in approximately 15 words:

1. Two institutions involved are the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and the National Institute for Micro, Small and Medium Enterprises (NIMSME).
2. A social entrepreneur aims to create significant societal benefit, targeting underserved populations to achieve large-scale, transformational change.
3. Insurable risks are potential losses related to life and property that can be covered and protected through insurance policies.
4. Non-insurable risks are those whose probability is difficult to determine and cannot be covered by insurance, such as price and demand fluctuations.
5. An economic barrier arises when essential factors of production like land, labor, or capital are unavailable or inadequate for entrepreneurship.
6. Vinoba Bhave, founder of the Bhudaan Andolan, or Ela Bhatt, founder of SEWA, are examples of social entrepreneurs.

1. Business incubation refers to programs that support the development of new ventures by providing a range of business support resources and services, often including physical space, coaching, and networking opportunities, orchestrated by incubator management.
2. Business intelligence is an organization's capability to effectively collect, maintain, organize, and analyze data to gain insights and support decision-making processes.
3. The provided text lists NZTE and Technology NZ as examples of incubation centres. (Note: These appear to be international examples, not specifically from India as requested in the question.)
4. 1. Potato Chips: Chef George Crum, frustrated by a customer's repeated requests for thinner, crispier potatoes, sliced potatoes extremely thin and fried them. The customer loved this creation, leading to the invention of potato chips.
   2. The Pacemaker: Electrical engineer John Hopps, while researching radio frequency heating for body temperature restoration, discovered that an artificial electrical stimulation could restart a stopped heart, leading to the development of the pacemaker.
5. The primary difference lies in their objectives: entrepreneurship focuses on wealth creation, while social entrepreneurship uses wealth creation as a means to achieve societal development and address social issues. Entrepreneurs are driven by individual profit motives, whereas social entrepreneurs are motivated by community well-being and societal progress.

1. Cloud computing involves using a network of remote servers hosted on the internet to store, manage, and process data, rather than a local server or a personal computer. The term originates from the use of cloud symbols in network diagrams to represent the internet.
2. The provided text does not contain information on how KFC began its operations.
3. External factors leading to business risk include numerous influences outside the direct control of the business. These can encompass economic conditions like market fluctuations and recessions, technological advancements that render products obsolete, political and legal changes such as new regulations, social trends affecting consumer preferences, and natural disasters.
4. The provided text does not detail how incubators help start-ups get funding.