Entrepreneurial Skills For The Workplace Flashcards

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1
Q

A corporate employee who developed new enterprises writhing the corporation is know as what?

A

Intrapreneurially

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2
Q

How many building blocks are in the business model canvas?

A

9

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3
Q

The 9 building blocks of the business model canvas are?

A
Customer segments
Value Proposition
Channels
Customer relationships
Revenue streams
Key resources
Key activities
Key partners
Cost structure
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4
Q

What is the group of people that the business was created for?

A

customer segments

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5
Q

What is considered the solution to a problem or the thing that makes a business different from the competition?

A

Value proposition.

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6
Q

How do you reach your customers to deliver your value proposition?

A

Channels

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7
Q

A transnational type of relationship that each of our customer segments expects us to establish is an example of what?

A

Customer Relationships

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8
Q

What a customer pays for your product or service is what?

A

Revenue stream

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9
Q

What are the operational areas of the business model canvas?

A

Key resources
Key activities
Key partners
Cost structure

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10
Q

The items that it takes to operate the business are know as

A

Key resources

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11
Q

What are key activities?

A

The most important activities that a business does in order to create and deliver the product or service
Example: bakery bakes cakes

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12
Q

Who are known as key partners in a business model canvas?

A

Outside people or businesses that help operation.

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13
Q

The cost structure?

A

The costs involved in operating a business.

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14
Q

The groups of people that the business was created for?

A

Customer Segments

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15
Q

The bundle of products and services that a business offers for sale, the thing that makes a business different from the competition.

A

Value Proposition

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16
Q

How you reach your customers to deliver your value proposition, how you reach them to deliver a message about what your value proposition is?

A

Channels

17
Q

The type of relationship that each of our customer segments expect us to establish and maintain with them, example: transactional

A

Customer relationships

18
Q

What customers pay for a good or service

A

Revenue

19
Q

The item it takes to operate the business? Example: Machines, computers, money, personnel and vehicles

A

Key resources

20
Q

The most important activities that a business does in order to create and deliver the product or service outlines in the value propositions?

A

Key Activities

21
Q

The most important outside people and businesses that help you operate. Example: supplies, accountant

A

Key Partners

22
Q

The costs involved in operating the business?

A

Cost structure

23
Q

A way to evaluate particular customer segment and is made up of three components, gains, pains and customer jobs?

A

Customer profile

24
Q

A way to test your value proposition and is made up for three components: Products and services, gain creators, and pain relievers?

A

Value map

25
Q

The goal of the value map and value propositions canvas is to achieve?

A

Fit

26
Q

The customer development process begins with?

A

Building hypotheses or assumptions

27
Q

When asking your proposed customer segment it is important to?

A

Ask open ended questions and not state what your product or service is.

28
Q

What is the purpose of the build-measure-learn-feedback loop?

A

To learn and iterate to meet the customers needs.

29
Q

The entire set of tools from the value map to the customer development model is part of what?

A

Lean start up process