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funds of innovation > funds of innovation > Flashcards

funds of innovation Flashcards

1
Q

By using the design thinking, entrepreneurs will be better able to

A

act on unique venture
opportunities.

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2
Q

is an object or system made available for consumer use; it is anything that can
be offered to the market to satisfy the desire or need of customer.

A

product

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3
Q

Which of the following shows the process of creating something new?

A

Innovation

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4
Q

help focus your energy

A

constraints

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5
Q

Which of the following is necessary for an effective customer value proposition
(CVP)?

A

It must offer better value than the competitors

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6
Q

The first funds used to launch an enterprise

A

seed capital

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7
Q

One of the following is a mythical constraint in innovation

A

creative people are born
creative

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8
Q

The three components of a charisma are

A

presence, power, warmth

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9
Q

A business selling a product or service that only another business would want or use

A

Business to Business (B2B)

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10
Q

Which of the following is the main purpose of Business plan?

A

To establish a base for
further planning

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11
Q

What are the four parts of a business model?

A

The offering customers, infrastructure,
financial viability

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12
Q

What is the relationship between the business plan and business model?

A

A business
plan supports the business model, explaining how to attain the model’s goal

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13
Q

The main characteristic of the design thinking process is that

A

iterative approach

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14
Q

What is the biggest obstacle to design thinking?

A

Fear of failure

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15
Q

What is required to create a successful customers value proposition CVP?

A

An
understanding of what customers wants and needs

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16
Q

In general the most important source of capital for new entrepreneurial venture is
which of the following

A

Angel investors

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17
Q

Successful marketing campaigns is not only about making customers satisfied with
product, they are also about

A

ensuring the quality of that product

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18
Q

A plan or road map of the actions that a firm or organization will take to achieve its
vision, mission, and goals

A

Action plan

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19
Q

Ahmad is an intense person who uses positive emotion to work on entrepreneurial
ventures with tasks and activities. Ahmad is

A

passionate

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20
Q

Innovative work is one that

A

increases the amount of variance

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21
Q

In the elements of vision, it means constant over a period of time, but is adjustable as
conditions warrant.

A

Consistency

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22
Q

What concept in design thinking is described by the question “what can be possibly
achieved in the near future?”

A

feasibility

23
Q

Why is it important to support “wild ideas” during brainstorming sessions?

A

Wild ideas
can often give rise to creativity

24
Q

What is an empathy map?

A

A tool that helps you collate and integrate your observations
to discover new insights

25
Q

Potential investors tend to believe that if an entrepreneur cannot develop a good plan,
the entrepreneur

A

probably lacks the discipline to run a business

26
Q

Insight might best be described as which of the following?

A

An interesting, non-
obvious piece of observation information that drives opportunities

27
Q

This refers to intellectual identification with a vicarious experiencing of the feelings,
thoughts or attitudes of another

A

empathy

28
Q

Which is not a design thinking stage

A

HMW questions

29
Q

Mohammad has an idea for business. For it to be recognized as a viable opportunity,
the idea must

A

have the capacity to generate value

30
Q

The intention of brainstorming is to leverage the

A

collective thinking

31
Q

Based on your knowledge of ideation,

A

ideation is about generating ideas, ideation not
aim to have best ides, ideation needs divergent thinking

32
Q

Convergent thinking is the state of

A

thinks for final solution,
employed in structured assessment, logical thinking

33
Q

Which of the following is not characteristic of a divergent thinking:

A

concentration

34
Q

The sweet spots for innovation are called:

A

blind spot

35
Q

Which of the following statements is not wise to apply it during interview:

A

yes or no questions

36
Q

Problem domain contains:

A

insight

37
Q

Constructing a POV that is based on user needs and insights is done during the:

A

define
phase

38
Q

The transformation of ideas and information into images is called:

A

visualization tools

39
Q

One of the following is NOT true regarding sketching:

A

Needs and sophisticated tool to
clarify and discuss ideas

40
Q

is an early sample or model built to test a concept or process

A

prototyping

41
Q

is a technique that allows you to create and test user interfaces
quickly and cheaply

A

Paper prototyping

42
Q

Which of the following is a myth of entrepreneurship:

A

Entrepreneurship needs a great
ideas to start the business

43
Q

Entrepreneurship orientation focuses on:

A

behavior

44
Q

Which of the following does NOT entrepreneurship orientation measure:

A

innovation

45
Q

Top manager tends to

A

actively complete to take business from competitors

46
Q

The operation plan focus on:

A

goods and services

47
Q

The human resources plan focus on

A

developing new venture team

48
Q

identifies the firm’s product and service value, customers, the way it
makes a profit, and its operations.

A

Business model

49
Q

Core competency include all of the following EXCEPT

A

finance

50
Q

Competitive advantage differentiate you in

A

Core competency, value

51
Q

Organization’s purpose or reason for being is:

A

mission

52
Q

life is a journey” this believe is for

A

growth mindset

53
Q
A

funds of innovation (7 decks)

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