funds of innovation

Question 1

By using the design thinking, entrepreneurs will be better able to

Answer 1

act on unique venture
opportunities.

Question 2

is an object or system made available for consumer use; it is anything that can
be offered to the market to satisfy the desire or need of customer.

Answer 2

product

Question 3

Which of the following shows the process of creating something new?

Answer 3

Innovation

Question 4

help focus your energy

Answer 4

constraints

Question 5

Which of the following is necessary for an effective customer value proposition
(CVP)?

Answer 5

It must offer better value than the competitors

Question 6

The first funds used to launch an enterprise

Answer 6

seed capital

Question 7

One of the following is a mythical constraint in innovation

Answer 7

creative people are born
creative

Question 8

The three components of a charisma are

Answer 8

presence, power, warmth

Question 9

A business selling a product or service that only another business would want or use

Answer 9

Business to Business (B2B)

Question 10

Which of the following is the main purpose of Business plan?

Answer 10

To establish a base for
further planning

Question 11

What are the four parts of a business model?

Answer 11

The offering customers, infrastructure,
financial viability

Question 12

What is the relationship between the business plan and business model?

Answer 12

A business
plan supports the business model, explaining how to attain the model’s goal

Question 13

The main characteristic of the design thinking process is that

Answer 13

iterative approach

Question 14

What is the biggest obstacle to design thinking?

Answer 14

Fear of failure

Question 15

What is required to create a successful customers value proposition CVP?

Answer 15

An
understanding of what customers wants and needs

Question 16

In general the most important source of capital for new entrepreneurial venture is
which of the following

Answer 16

Angel investors

Question 17

Successful marketing campaigns is not only about making customers satisfied with
product, they are also about

Answer 17

ensuring the quality of that product

Question 18

A plan or road map of the actions that a firm or organization will take to achieve its
vision, mission, and goals

Answer 18

Action plan

Question 19

Ahmad is an intense person who uses positive emotion to work on entrepreneurial
ventures with tasks and activities. Ahmad is

Answer 19

passionate

Question 20

Innovative work is one that

Answer 20

increases the amount of variance

Question 21

In the elements of vision, it means constant over a period of time, but is adjustable as
conditions warrant.

Answer 21

Consistency

Question 22

What concept in design thinking is described by the question “what can be possibly
achieved in the near future?”

Answer 22

feasibility

Question 23

Why is it important to support “wild ideas” during brainstorming sessions?

Answer 23

Wild ideas
can often give rise to creativity

Question 24

What is an empathy map?

Answer 24

A tool that helps you collate and integrate your observations
to discover new insights

Question 25

Potential investors tend to believe that if an entrepreneur cannot develop a good plan, the entrepreneur

Answer 25

probably lacks the discipline to run a business

Question 26

Insight might best be described as which of the following?

Answer 26

An interesting, non- obvious piece of observation information that drives opportunities

Question 27

This refers to intellectual identification with a vicarious experiencing of the feelings, thoughts or attitudes of another

Answer 27

empathy

Question 28

Which is not a design thinking stage

Answer 28

HMW questions

Question 29

Mohammad has an idea for business. For it to be recognized as a viable opportunity, the idea must

Answer 29

have the capacity to generate value

Question 30

The intention of brainstorming is to leverage the

Answer 30

collective thinking

Question 31

Based on your knowledge of ideation,

Answer 31

ideation is about generating ideas, ideation not aim to have best ides, ideation needs divergent thinking

Question 32

Convergent thinking is the state of

Answer 32

thinks for final solution, employed in structured assessment, logical thinking

Question 33

Which of the following is not characteristic of a divergent thinking:

Answer 33

concentration

Question 34

The sweet spots for innovation are called:

Answer 34

blind spot

Question 35

Which of the following statements is not wise to apply it during interview:

Answer 35

yes or no questions

Question 36

Problem domain contains:

Answer 36

insight

Question 37

Constructing a POV that is based on user needs and insights is done during the:

Answer 37

define phase

Question 38

The transformation of ideas and information into images is called:

Answer 38

visualization tools

Question 39

One of the following is NOT true regarding sketching:

Answer 39

Needs and sophisticated tool to clarify and discuss ideas

Question 40

is an early sample or model built to test a concept or process

Answer 40

prototyping

Question 41

is a technique that allows you to create and test user interfaces quickly and cheaply

Answer 41

Paper prototyping

Question 42

Which of the following is a myth of entrepreneurship:

Answer 42

Entrepreneurship needs a great ideas to start the business

Question 43

Entrepreneurship orientation focuses on:

Answer 43

behavior

Question 44

Which of the following does NOT entrepreneurship orientation measure:

Answer 44

innovation

Question 45

Top manager tends to

Answer 45

actively complete to take business from competitors

Question 46

The operation plan focus on:

Answer 46

goods and services

Question 47

The human resources plan focus on

Answer 47

developing new venture team

Question 48

identifies the firm’s product and service value, customers, the way it makes a profit, and its operations.

Answer 48

Business model

Question 49

Core competency include all of the following EXCEPT

Answer 49

finance

Question 50

Competitive advantage differentiate you in

Answer 50

Core competency, value

Question 51

Organization’s purpose or reason for being is:

Answer 51

mission

Question 52

life is a journey” this believe is for

Answer 52

growth mindset