After doing her M. Com from 'Himachal Pradesh University of Shimla', Komal went back to her village in Kinnaur district of Himachal Pradesh. She wanted to contribute for the development of women of her village, so she formed an organisation, the membership of which was open for all the women villagers on a voluntary basis by paying Rs.500 only which will be treated as their capital. Komal knew that the land of her village was suitable for the farming of medicinal plants. So, she motivated the members of her organisation for growing medicinal plants in their fields under the guidance and help of the local agricultural department. It was also decided that the organisation will purchase the produce of each member and sell the same to drug manufacturing companies at a very good price which was not possible for the members individually. The main objective of the organisation is to render services to its members rather than to earn profit.
A computer training center for young boys and girls of the village was started under the guidance of Komal from the surplus of the profits.
(a) Name the process that helped Komal in developing an idea into an opportunity (b) Identify the kind of organisation that was formed by Komal (c) State any two values which komal wanted to communicate to the society.

Question

After doing her M. Com from 'Himachal Pradesh University of Shimla', Komal went back to her village in Kinnaur district of Himachal Pradesh. She wanted to contribute for the development of women of her village, so she formed an organisation, the membership of which was open for all the women villagers on a voluntary basis by paying Rs.500 only which will be treated as their capital. Komal knew that the land of her village was suitable for the farming of medicinal plants. So, she motivated the members of her organisation for growing medicinal plants in their fields under the guidance and help of the local agricultural department. It was also decided that the organisation will purchase the produce of each member and sell the same to drug manufacturing companies at a very good price which was not possible for the members individually. The main objective of the organisation is to render services to its members rather than to earn profit.

A computer training center for young boys and girls of the village was started under the guidance of Komal from the surplus of the profits.

(a) Name the process that helped Komal in developing an idea into an opportunity (b) Identify the kind of organisation that was formed by Komal (c) State any two values which komal wanted to communicate to the society.

A computer training center for young boys and girls of the village was started under the guidance of Komal from the surplus of the profits.

(a) Name the process that helped Komal in developing an idea into an opportunity (b) Identify the kind of organisation that was formed by Komal (c) State any two values which komal wanted to communicate to the society.

Accepted Answer

(a) Entrepreneurial process of converting an idea into an opportunity through identification of local resources and market needs. (b) Co-operative Society. (c) Two values: (i) Women empowerment and development - Komal wanted to contribute to the development of women of her village. (ii) Community service and social welfare - the surplus profits were used to start a computer training center for young boys and girls.