week 2

Question 1

A bootcamp helps an entrepreneurial aspirant in:

Answer 1

1. Train oneself in basic skills
2. Create certain building blocks of a venture
3. Experience and understand team dynamics
   (Ans: All of the above)

Question 2

Which of the following is the most striking example of creating a new business model through digitization of a conventional industry?

Answer 2

Uber and Ride Handling

Question 3

Which of the following product developments signify design thinking?

Answer 3

1. A shopping cart as compared to a shopping basket
2. A strolly (with wheels) as compared to a suitcase (without wheels)
3. A ready to eat food compared to processed food
   (Ans: Any or All of the above)

Question 4

Regardless of the state and maturity of an industry, prototyping is an essential component of growth and development. The following industry is an example.

Answer 4

Electric Vehicles

Question 5

What are the typical problems of prototype development?

Answer 5

1. Excessive development time and cost
2. Incomplete development vis-à-vis user expectations
3. Lack of holistic design
   (Ans: All of the above)

Question 6

The value chain of a start-up firm tends to get built in reality based on:

Answer 6

Competencies that the firm builds

Question 7

The success of many start-ups such as RedBus, Swiggy, Airbnb, Uber and make my trip was based on

Answer 7

Aggregating and linking demand and supply digitally

Question 8

Which of the following is not an ideal project for Ideation Workshop?

Answer 8

Computerised improvement of an existing design

Question 9

The fundamental and the first step of design thinking is:

Answer 9

Empathising with the customer

Question 10

What is the correct basic sequencing of entrepreneurial product or service development?

Answer 10

Ideation-Prototyping-Testing-Validation-Commercialisation

Question 11

Prototype costs will usually be:

Answer 11

Much higher than final product costs

Question 12

The PCT process is ideal when the applicant is not sure of the national markets to target at the time of application because:

Answer 12

The single PCT filing is treated as the initial application for any member country

Question 13

Myer-Briggs Type Indicator (MBTI) classifies the participants in the test into personality groupings. How many personality typology groups are offered as per MBTI?

Answer 13

Sixteen

Question 14

Why do start-up founders slow down once their firms reach a scale?

Answer 14

Big businesses tend to become structured and bureaucratic

Question 15

Which of these is not one of the personality polarity pairs in MBTI?

Answer 15

Thinking - Speaking

Question 16

Holistic prototype development requires:

Answer 16

1. A clear understanding of the problem that is being solved
2. A creative solution to address the problem
3. Design and manufacturing capability
   (Ans: All of the above)

Question 17

BDC entrepreneurial potential self-assessment considers:

Answer 17

1. Only motivations
2. Only aptitudes
3. Only Attitudes
   (Ans: All the above three)

Question 18

In MBTI personality typology, every participating person is assessed on:

Answer 18

4 opposing pairs of personality traits

Question 19

What would turn out to be the risks of prototype development?

Answer 19

1. Improper identification of the problem
2. A solution misaligned to the problem
3. Dependence on obsolete technologies and components
   (Ans: Any or all of the above)

Question 20

Paperboat is an Indian startup that succeeded with a thematic grid that combined:

Answer 20

Ethnic Indian beverages with Contemporary modern packaging

Question 21

A true design thinking and ideation exercise involves:

Answer 21

Questioning the basics

Question 22

For any start-up idea to fully succeed the following must be fulfilled:

Answer 22

1. Desirability for the customer
2. Feasibility for the company
3. Viability for the customer and the company
   (Ans: All of the above)