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in Entrepreneurship by (64.4k points)

Lalita Devi did her post-graduation from Manipur University, Imphal. She had offers to joi^ eputed firms in metropolitan cities like Delhi and Mumbai. Instead of ^joining any of these firms she decided to do some creative work in Imphal. She observed that a special type of chilli is grown by the farmers of most of the villages around Imphal. This chilli has a distinct flavour and the pickle made from it has a taste that may be liked by many people in other parts of the country. But the farmers were neither trained in the farming of this kind of chilli on a large scale nor was there a secured market for their produce. Lalita Devi met eighteen like-minded women of the area and formed an organization for doing the business of pickle manufacturing. Each of them contributed Rs.2,00,000 towards its capital and were equally responsible for its management. On one hand they assured the farmers to purchase the chilli produced by them and on the other hand, the organization with the help of the local agriculture department arranged for the training of the farmers. They also employed 10 local unemployed graduate girls for doing the various operations of pickle manufacturing.

,(i) Name the process that helped Lalita Devi in ‘converting an idea into an opportunity’. 

(ii) Identify the kind of organization that Lalita Devi had decided to set up. 

(iii) State any two values which Lahta Devi wants to communicate to the society.

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(i) The process that helped Lalitha Devi is Sensing entrepreneurial opportunities. 

(ii)Partnership form of business organi¬zation was formed by Lalitha Devi. 

(iii)Values involved are Courtesy; fostering respect for differences; sensitivity to environment, good behaviour in human interaction; sharing, compassion, empathy; discipline; responsibility; respect for law and order; conflict resolution; team work; honesty and integrity.

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