BAB 2 : CREATIVITY , INNOVATION AND ENTREPRENEURSHIP Flashcards

1
Q

SOURCES OF IDEA GENERATION

1) _______ experience
2) ______
3) ______
4) the environment

A

work
hobbies
interest

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2
Q

4 types of innovation in business

incremental (____,_____)
architectural(_____,_____)
disruptive(______,______)
radical(______,______)

A

existing M,existing tech
new M,existing tech
existing M,new tech
new M,new tech

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3
Q

incremental:

  • ________ existing product
  • _______ perfomance
  • ______ defects
A

improvement
improve
reducing

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4
Q

architectural

-change _____ design

A

overall

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5
Q

disruptive

-offer service that did not _____ before

A

EXIST

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6
Q

radical

____ product
replace ____ product
high technological ________
________-_____ innovation

A

new
existing
advancement
long-term

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7
Q

techniques to generate new business ideas

1)

2) _____ group
3) ____

A

brainstorming
focus
surveys

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8
Q

techniques:
brainstorming

  • come out with many _____
  • _____ or critism is not allowed
  • no ___ ideas
A

ideas
questioning
bad

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9
Q

techniques :
focus group

  • eight to 14 individuals
  • lead by : ____ moderator
A

trained

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10
Q

techniques:
surveys:

  • collectiing valuable information
  • analyzed and ascertained
A

-

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11
Q

one best way to build brand credibility ;
create long term _____ relationship
by _____ their journey

A

customer

understanding

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12
Q

forbes study :

____ % of companies identified improving _______ experience as their top objective

A

75

customer

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13
Q

customer pain points :

specific ____ your customer or prospect ______

A

problem

experiences

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14
Q

8 common customer pain points every business faces

1 ______ support response

A

delayed

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15
Q

8 common customer pain points every business faces

2 _______ customer experience

A

inconsistent

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16
Q

8 common customer pain points every business faces

3 non-availability of the ______ team

A

support

17
Q

8 common customer pain points every business faces

4 _______ quality of products and services

A

poor

18
Q

8 common customer pain points every business faces

5 lack ________ knowledge and experience

A

adequate

19
Q

8 common customer pain points every business faces

6 ______ buying process

A

complicated

20
Q

8 common customer pain points every business faces

7 tailor your solutions to your _______ needs

A

customer

21
Q

8 common customer pain points every business faces

8 rude behavior of support __________

A

representative

22
Q

4 types of customer pain points

1
2
3
4

A

process
productivity
support
financial

23
Q

financial pain points

  • ______ too much _______
  • on current products
  • want to reduce their _____
A

spending; money

spend

24
Q

productivity pain points

  • ______ too much ______
  • using current products
  • want to use ____ more efficiently
A

spending; time

time

25
Q

process pain points

  • improve ________ processes
  • assigning leads to sales reps
  • nurturing lower-priority leads
A

internal

26
Q

support pain points

-are not _______ the support they need at critical stages

A

receiving

27
Q

identify customer pain points

a. conduct qualitative market ________

  • map customer journey
  • -create customer persona
A

research

28
Q

identify customer pain points

listen to your customers to identify ______ ______

A

pain points

29
Q

identify customer pain points

use _____ chat to identify customer pain points

A

live

30
Q

identify customer pain points

TALK TO YOUR SALES AND CUSTOMER SUPPORT TEAMS

A

-