Quiz 1 Flashcards
1
Q
Business model canvas (left to right, top to bottom)
A
Key partners Key activities Key resources Value propositions Customer relationships Channels Customer segments Cost structure Revenue stream
2
Q
This is a strategic management template for developing new business models
A
The business model canvas (BMC)
3
Q
Value proposition parts (clockwise)
A
Product in the center
Pain killers
Gain creators
Solutions
4
Q
Customer segment parts
A
Problems
Needs
Jobs
5
Q
4 types of startups
A
Lifestyle
SME
innovation driven enterprise
Social
6
Q
Lifestyle startup example
A
Marathon training academy
7
Q
SME
A
Small/medium sized enterprise
Consulting (selling expertise/services)
Max billable hours
8
Q
Innovation driven enterprise
A
Scale
Initially company loses money
Ex. Polar, Amazon
9
Q
Social
A
Rich roll
10
Q
5 reasons startups succeed
A
Timing Team Idea Business model Funding
11
Q
Most important reason startups succeed?
A
Timing
12
Q
Six myths of entrepreneurs
A
Smartness leads to a great startup Startups are individualistic Entrepreneurs take many risks Successful entrepreneurs are charismatic Entrepreneurs are undisciplined Entrepreneurs are born not made
