Exam 3: Creating and Recognizing New Opportunities

The text uses the example of the inventor of Post-its and the innovator who revolutionized the football to illustrate what entrepreneurial trait?

Maci has an idea for a business.For her idea to be recognized as a viable opportunity,the idea must ______.

______ strategies involve taking time to think carefully about problems by breaking them into parts.

Describe habit-breaking strategies for idea generation and how you would use this type of strategy as a technique for your employer or business venture.

Of the four pathways to opportunity identification,which one can uncover high-value opportunities because of the entrepreneur's focus on meeting an unmet need?

In what area does the difference between innovation and invention lie?

What strategies involve using memory to retrieve information to make links or connections based on past experience that are relevant to the current problem using stimuli?

By envisioning themselves as human hairs,which type of strategy did the Gillette team use to come up with a new shampoo?

The effectuating approach involves using what you know,whom you know,and who you are.

Inventions that succeed in finding a market move on to the ______ stage.

If an invention does not reach the market or appeal to consumers,then it will be rendered useless.

Entrepreneurs address unmet needs in the marketplace.

You are an entrepreneur.Describe how you would use the effectuating approach to create opportunities.Be specific.

History shows that inventions are often created by more than one individual over a long period of time and are often improvements on existing products.

Early adopters can play a crucial role in what stage of the IDEATE method?

Group brainstorming is an example of a(n)______ strategy.

What strategies involve techniques that help to break our minds out of mental fixedness in order to bring about creative insights?

During the idea generation process,it's best not to consider ideas that are impractical,overly obvious,wild,or even silly.

Lyla likes to focus on a clear problem and develop a solution.She uses which of the following approaches?

Idea generation is defined as the production of ideas for something ______.