funds of innovation 2

Question 1

Which of the following statements describing strategic assets wrongly?

Answer 1

strategic assist is important part in operation, it includes anything of value that
contributes to your competitive advantage, it means “what you own”

Question 2

Improving an existing idea and putting creative touch on it is called

Answer 2

duplication

Question 3

Combine different ideas into one is called:

Answer 3

synthesis

Question 4

Critical success value are embedded in

Answer 4

value statement

Question 5

People who take the risk are called all the following EXCEPT

Answer 5

manager

Question 6

setbacks defines the person” this believe is for

Answer 6

fixed mindset

Question 7

Innovation is about finding:

Answer 7

what people need

Question 8

Entrepreneurship is

Answer 8

innovation + creativity

Question 9

The term used to describe how you create your products and services and deliver them
is:

Answer 9

operation

Question 10

Which of the following statement is WRONG

Answer 10

Being an entrepreneur need to be a
business owner

Question 11

Approach of creative activity that emerge from collaboration of many individuals:

Answer 11

collective creativity

Question 12

Which of these definitions are for the old mean of entrepreneurship?

Answer 12

Recognition and
exploitation of new business opportunity by founding new ventures

Question 13

I don’t need a boss tell me what to do” is a what characteristic

Answer 13

self starter

Question 14

Operation describes

Answer 14

product, service, delivery issues

Question 15

The process of starting and operating your own business is called

Answer 15

entrepreneurship

Question 16

Tendency to generate ideas and alternatives that maybe useful in solving problems

Answer 16

creativity

Question 17

One of these is creativity definition element

Answer 17

recombining

Question 18

I get excited about a good idea and I am preoccupied with
making sure the idea is implemented

Answer 18

passion and innovation

Question 19

Keeping the venture on track is the

Answer 19

control

Question 20

Original functional model of a new product that entrepreneur can put into the hands of
potential customers so they can see it, test it and use it is:

Answer 20

prototype

Question 21

A segment of the entire customer population that a firm tries to get as customers

Answer 21

market target

Question 22

Which statement describing entrepreneurship is true?

Answer 22

Doing much more than
imaginable with much less than seems possible

Question 23

Info that has already been compiled and is available for use

Answer 23

secondary research

Question 24

To maximize your profit, you need to

Answer 24

High revenue, low expenses

Question 25

All the methods of generating income for the business is called:

Answer 25

revenues

Question 26

One of the following are not type of secondary research sources:

Answer 26

prototype

Question 27

One page description of a business that is distributed to people who are ask to provide feedback

Answer 27

concept statement

Question 28

One-time costs are commonly called:

Answer 28

startup cost

Question 29

How “Merrill lynch” interacts with customers?

Answer 29

By phone

Question 30

Is a group of firms producing a similar product or service

Answer 30

industry

Question 31

Which statement describing markup is wrong?

Answer 31

it is expressed as a percentage over the cost, markups make profits, markups will vary with volume of sales

Question 32

“network of all the business that participate in the process of producing and delivering a product to the customer” is called

Answer 32

supply chain,value chain

Question 33

Is conducted to determine whether a proposed business has sufficient management expertise, organizational competence:

Answer 33

organizational feasibility

Question 34

It is the process of determining whether a business idea is viable

Answer 34

feasibility analysis

Question 35

Two components of organizational feasibility are:

Answer 35

management prowess and reascour suffinceny

Question 36

Put in correct order the design thinking process:

Answer 36

Emphasize, define, ideate, prototype, test

Question 37

Is the process of implementation where the leader closes the gaps in an organization to shift mindset in inspiring creative confidence and the growth mindset:

Answer 37

leading innovation

Question 38

During ______ mode, you have distilled all the information collected to create users profiles

Answer 38

define

Question 39

To be an innovative person, you need not only to get rid of______ ideas but also kill most of the _____ ideas too.

Answer 39

lousy,good

Question 40

Without _________ humans would not need to innovate.

Answer 40

constraints

Question 41

The following statement: “Routine work is something that is done in a way that reduces its potential of failure” is

Answer 41

true

Question 42

Creativity means

Answer 42

doing new things with old things

Question 43

A growth mindset allows individuals to view challenges and failures as opportunities to improve their learning skills. Based on this mentality

Answer 43

feedback is about current capabilities

Question 44

The starting point of design thinking is which of the following

Answer 44

what do people need?

Question 45

what do people need?

Answer 45

to go from concrete to abstract