Exam 3: Creating and Recognizing New Opportunities

Sasha makes her decisions based on preexisting information gained from a combination of life and work experience.In building opportunities,Sasha uses ______.

If you do not have a large market for your product or service,what should you do to be sure it retains its value?

The founders of Knock Knock City,which allows travelers to store their luggage while they explore a city they are visiting,used pattern recognition to spot a viable entrepreneurial opportunity.

An entrepreneurial mindset positions entrepreneurs to identify opportunities and take action.

What are the three processes that entrepreneurs typically go through before they are able to identify an opportunity for a new business venture?

Discuss the strategies of prior knowledge and pattern recognition.How would you use these strategies in your own entrepreneurial endeavors?

There are no distinct approaches to thinking creatively,so creative inspiration must be left to chance.

Using group brainstorming to enhance existing ideas is an example of which type of idea generation strategy?

How do "irrelevant" products,like New Coke or Crystal Pepsi,score on Neck's Idea Classification Matrix?

In the text's examination of the evolution of the modern-day food truck,what stage of the IDEATE method involved the concept morphing into an entirely different concept?