Class 12 Business Studies — Chapter 3: How a Rickshaw Puller became an entrepreneur

What you'll learn

• ▸Meaning of Business Environment
• ▸Features of the Business Environment
• ▸Specific and General Forces
• ▸Importance: Identifying Opportunities and First-Mover Advantage
• ▸Importance: Identifying Threats and Early Warning Signals
• ▸Entrepreneurship and Environment (Case Study)

Chapter Summary

--- PAGE 1 --- BUSINESS ENVIRONMENT How a Rickshaw Puller became an entrepreneur On what seemed like a regular day at work Dharamveer Kamboj, a rickshaw puller, was riding through the streets of Delhi when he met with a terrible accident. This was an event that would change his life forever. Knowing that he wouldn't be able to go back to his work, he made the decision of returning to his native village in the Yamunanagar district of Haryana to begin life anew. Being a school dropout with no technical training of any kind further restricted his scope in terms of employment. The desire to do something out of the ordinary kept stirring in his heart time and again. He was on the lookout for the right inspiration and opportunity. Such an opportunity crossed his path during one of his visits to the outskirts of Jaipur, Ajmer and Pushkar regions of Rajasthan, where he observed a number of women self help groups at work. A common sight was women in the process of making gooseberry laddoos. …

Practice Questions from this Chapter

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1. Explain how new machines get invented. Get Solution →
2. List benefits of fruit processing. Get Solution →
3. Describe traits of successful entrepreneurs. Get Solution →
4. What was Dharamveer Kamboj's profession before he became an entrepreneur? Get Solution →
5. What event prompted Dharamveer Kamboj to return to his native village? Get Solution →
6. In which state did Dharamveer Kamboj observe women self-help groups processing fruit? Get Solution →
7. What fruit were the women processing that inspired Dharamveer's invention? Get Solution →
8. What was the main technical problem with the first prototype of his machine? Get Solution →

Did you know?

• 💡 Innovation often starts with solving a simple, everyday problem.
• 💡 Gooseberries are incredibly high in Vitamin C, often surpassing oranges.
• 💡 Many successful inventors taught themselves, just like Dharamveer.
• 💡 The oldest processed food on Earth might be ancient fruit preserves.
• 💡 Developing a new machine often requires many attempts and failures.

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