Page 86 - AI Ver 3.0 Class 11
P. 86

Task                                                     #Problem Solving & Logical Reasoning



                   Asha, the chai-seller
                   Asha started working in a multinational company after completing her MBA. She found that the cafeteria in the
                   company did not serve good quality tea. She also did not find any tea vendor near her company offices. After
                   working in the company for three years, she decided to start a venture of her own. For this, she chose to sell
                   good quality ‘chai’. She chose the area outside her previous company to start her ‘chai’ business. Every morning,
                   she would serve hot tea to her customers with a smile. She also included several varieties of ‘chai’ like ‘Tulsi chai’,
                   ‘Masala chai’, ‘Ginger chai’. Soon, her business started growing. People would willingly stop to buy a cup of ‘chai’
                   from her and even chat with her. She started only one tea stall but now runs five tea cafes in three different cities!

                   1.  Which ideology of idea creation did Asha follow?

                   2.  Why did Asha come up with this idea?


                   3.  Can you think of any idea to start a business?





                      Understanding the Market

              Entrepreneurs are directly responsible for ensuring that the needs of customers are met by the products or services
              offered by them. Therefore, in this phase of the business, it is very important to understand exactly what most customers
              want. Customer needs can be grouped into four types:
                                                Partially Fulfilled      Unfulfilled and
                        Fulfilled Needs                                                           Unknown Needs
                                                    Needs                 Known Needs



              Fulfilled Needs
              These are the needs that customers understand. The needs are met by various companies or governments. For example,
              the need for travelling modes is covered by both private bus services and state bus or metro services.


              Partially Fulfilled Needs
              These are needs that are met through different products or services, but customers are not completely satisfied and
              still have problems using them. For example, people always use taxi services like ola, uber and auto-rickshaws to get to
              different places, but they struggle to find one on time and end up paying an extra amount for it.


              Unfulfilled and Known Needs
              These needs are known to customers, but are not met by anyone in the market. For example, residents of small towns
              had no electricity at all times, and therefore their children could not study after sunset. A company recognized this
              problem and installed solar lamps, which are charged during the day and can be used at night.

              Unknown Needs
              These are needs that people have but are not aware of or expect to be addressed by a business. For example, 10 years
              ago people didn't know that online education is possible. However, through innovation, entrepreneurs have found the
              technology to make it happen.

                    84      Touchpad Artificial Intelligence (Ver. 3.0)-XI
   81   82   83   84   85   86   87   88   89   90   91