funds of innovation Flashcards
(29 cards)
an antecedent that influences on startup
family
One of the ways to safeguard your idea is
intellectual property
Innovation can be defined as
the marriage of creative thinking and sound logic,
which when applied together create a new and potentially better solution or direction
for one to explore
is Entrepreneurial ventures and small businesses are different recognized as a myth about entrepreneurship
NO
Growth mindset can be defined as
he process of going through exercises and
experiences to inspire a person to get them in the creative mindset in order to prosper,
develop, and ideate
Entrepreneurship can be defined as:
entrepreneurship is doing much more than
seems imaginable with much less than seems possible
An entrepreneurial mindset can be described as:
the ability to quickly take
action and get organized under uncertain conditions
Design thinking process comprises 6 subsequent steps in the following:
understand, observe, define, prototype, test
Entrepreneurship is a constant process that relies on
creativity, innovation and
application in the marketplace
What makes a product compelling:
team product market fit
When determining how to allocate scare resources, an entrepreneur should
focus on the company’s key success factors
The ability to develop new ideas and to discover new ways of looking at
problems is called
creativity
What are the three criteria for a successful idea in design thinking?
Feasibility,
viability, desirability
Idea generation is defined as
production of ideas for something new
gives you confidence that your solution is desirable, feasible and
viable
Prototyping
Which of the following business model canvas (BMC) element refers to
building positive feelings about your business
customer relationship
The goals should be _________ for the success of business plan
generalized
The _______ type of innovation states that an entrepreneur copies an existing
product or service and adds creative touch to substantially improve quality
duplication
disadvantages or advantage of entrepreneurship?be your own boss
advantage
The best way to improve self-efficiency is to
allow people to experience success
by themselves
Research on growth mindset shows that
people can grow their brain capacity to
learn and solve problems
Which of the following is a technique for generating ideas
brainstorming
An entrepreneur can be
corporate, for profit/ business owner,
non – for – profit venture owner
Which of the following is NOT considered a common characteristic of an
entrepreneur?
Risk taking
