NextQ154

State the elements in innovation process.

Assessing & Selecting OpportunitiesStudy Simplify SpecialPYQ2SQCase_Based
Question 153
Passage
Ramaya, a banana planter from Madurai, wanted to supplement his income. His friend, Shekhar, who is a weaver suggested him to think of the scope of ancillarisation in banana plantation. The State Government announced subsidies to those farmers and planters who minimise the waste production and promote sustainable development. One day while Ramaya was going through the local daily newspaper, he read about banana fiber extracting machine which can be easily operated by unskilled workers and gives maximum output of fibers. He decided to buy the machine for extracting fibers from banana stem which is generally thrown away after the fruits are reaped. This fiber has a ready market with weavers who are making eco-friendly fabrics as required by the young generation.
Question 12SQ
Identify the way in which Ramaya understood the need of the market and worked on it.
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