Chapter 6 Flashcards
What is an adaptive model?
A method of entrepreneurial problem solving that seeks solutions in ways that are tested and known to be effective.
What is the assessment phase in lean problem-solving?
It is the phase in which the entrepreneur experiments and analyzes the potential process and its capabilities.
What is brainstorming?
The generation of ideas in an environment free of judgment or dissension with the goal of creating solutions.
What does clarify mean in the creative process?
It is the first step, involving recognizing the existence of a gap between the current state and a desired state.
What are communication skills in entrepreneurship?
Skills used to pool resources for investigating solutions leading to innovative problem solving and competitive advantage.
What is creativity?
The development of original ideas.
What is critical thinking?
Complex analysis of a problem or issue with the goal of solving the problem or making a decision.
What is crowdsourcing?
Teams of amateurs and non-experts working together to form a solution to a problem.
What is data analysis?
The process of analyzing data and modeling it into a structure that leads to innovative conclusions.
What is decisiveness?
The ability to make a quick, effective decision, not letting too much time go by in the process.
What is design thinking?
A method to focus design and development decisions on the needs of the customer, typically involving an empathy-driven process.
What does develop mean in the entrepreneurial process?
The stage in which the entrepreneur tests each solution for feasibility.
What is entrepreneurial problem solving?
The process of using innovation and creative solutions to close the opportunity gap by resolving complex problems.
What does evaluate mean in the problem-solving process?
The stage in which the final solution is assessed.
What is evaluation in lean problem-solving?
The phase in which behaviors are analyzed to assess success.
What is the external environment in entrepreneurship?
It encompasses customers, industry trends, and competition outside the enterprise.
What is a hackathon?
An event that brings together programmers and specialists to collaborate on a project over a short period.
What is human-centered design?
A design approach that focuses on people during design and development.
What does ideate mean?
The stage of the creative problem-solving process leading to the detailing and formation of idea generation.
What does implement mean in the entrepreneurial process?
To enact the plan and test for success.
What is an innovative model?
A method of entrepreneurial problem solving that uses techniques unknown to the market for competitive advantage.
What is the internal environment in entrepreneurship?
It comprises factors inside the enterprise, such as employees and internal practices.
What is a lean process?
A systematic process for maximizing continuous improvement and minimizing surplus in production.
What is need awareness?
Occurs when the entrepreneur notes a gap between societal or customer needs and actual circumstances.
