Question : Case Study 8: Entrepreneurial Innovation
Rohan, a young entrepreneur, noticed the difficulty faced by elderly citizens in his neighborhood while accessing healthcare facilities. He developed a mobile app that connects senior citizens to healthcare professionals who provide home care services, ensuring convenience and quality care for the elderly.
Question:
Rohan's app provides an example of:
Option 1: Traditional business model
Option 2: Technological regression
Option 3: Entrepreneurial innovation
Option 4: Stock market investment
Correct Answer: Entrepreneurial innovation
Solution : The correct answer is (c) Entrepreneurial innovation
Rohan's development of a mobile app that addresses the needs of elderly citizens by connecting them to healthcare professionals for home care services exemplifies entrepreneurial innovation. The use of technology to solve a specific problem in a novel way is a hallmark of entrepreneurial innovation.
