ENPR QUIZ 1 Flashcards

1
Q

Business Model Canvas 3

A

Customer Relationships

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2
Q

Business Model Canvas 4

A

Channels

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3
Q

Business Model Canvas 5

A

Revenue Streams

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4
Q

Business Model Canvas 6

A

Key Partners

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5
Q

Business Model Canvas 7

A

Key Activities

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6
Q

Business Model Canvas 8

A

Key Resources

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7
Q

Business Model Canvas 9

A

Cost Structure

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8
Q

Lean Startup Method

A

Small, incremental steps are most effective for
turning a startup into a profitable business. Focus on the customer’s needs, measure your progress, learn quickly, and make decisions based on data rather than intuition.

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9
Q

Traditional Startup methods

A

Working as a small scale version of big companies with clearly defined customers and products

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10
Q

Customer Segments

A

For whom are we creating value

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11
Q

Value Propositions

A

what value is delivered to customers

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12
Q

Market Influences

A

Economic, Political, Environmental

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13
Q

Revenue Streams

A

For what value are our customers willing to pay

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14
Q

Customer Channels

A

How do customers want to be reached

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15
Q

Customer Development

A

Understanding the problem and validating that the solution will meet the customer needs and demand

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16
Q

Agile Product Development

A

ITERATE, BUILD, TEST & SEARCH for a business model
that turns an “unknown” into a “known.”

17
Q

Entrepreneurial Mindset

A

Growth Mindset, not fixed mindset. You can grow and overcome obstacles

18
Q

Buyer Experience

A

Understanding buyer experiences leads to greater customer value

19
Q
A