India Glossary of Life Skills

Transformational Entrepreneurship

Transformational Entrepreneurship is the ability to create innovative solutions that enable change and maximize long-term economic and societal impact. It is about thinking beyond monetary goals, and the ability to take purposeful action towards creating systemic changes in the lives of individuals as well as organisations, leading to greater empowerment of people and society. It is the ability to approach problems systematically, address root causes, unlock human potential, enhance relationships and mutual learning.

Transformational Entrepreneurship is an important life skill for young people, to be drivers of humane, fair, inclusive and sustainable development.

Transformational Entrepreneurship in Action The person will be able to:

  • take initiative to visualise beyond the immediate or obvious goals.
  • proactively collaborate and nurture relationships and hold on to people.
  • take risks and work with new people and approaches.
  • delay gratification and put others' needs before their own
  • overcome obstacles and stay aligned to their goals despite difficulties.
  • seek a greater social purpose in their work.
  • advocate for causes that might not be business-oriented but contribute towards societal change.
  • solve complex social issues in fair, inclusive and sustainable ways.
  • create and offer opportunities of fair and equitable growth.

Related Measures

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Related Programs & Strategies

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Related Resources

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