Question 1

____ innovations can find no identifiable market in the earliest stages of development.

Accepted Answer

A) Technology 
B) Emergent 
C) Most 
D) Disruptive 
E) Incremental 
A) Technology 
B) Emergent 
C) Most 
D) Disruptive 
E) Incremental D

Question 2

Creativity is the basis for ____, which is discovering something that did not exist previously.

Accepted Answer

A) invention 
B) innovation 
C) creation theory 
D) discovery theory 
E) value creation 
A) invention 
B) innovation 
C) creation theory 
D) discovery theory 
E) value creation A

Question 3

What are some challenges to creativity?

Accepted Answer

Strategies include: finding time to let the creative juices flow, having confidence to create; and creating an environment conducive to creativity. .

Question 4

The vast majority of innovations today are ____.

Accepted Answer

A) technology-based 
B) inventions 
C) radical 
D) disruptive 
E) incremental 
A) technology-based 
B) inventions 
C) radical 
D) disruptive 
E) incremental

Question 5

Which of the following rules does not apply to idea generation?

Accepted Answer

A) Go for quantity over quality initially 
B) Capture every idea no matter how outlandish it may seem 
C) Piggyback on ideas to create new modifications 
D) Generate individual ideas first 
E) Evaluate individual ideas before modifying them 
A) Go for quantity over quality initially 
B) Capture every idea no matter how outlandish it may seem 
C) Piggyback on ideas to create new modifications 
D) Generate individual ideas first 
E) Evaluate individual ideas before modifying them

Question 6

Explain the principle of design thinking.

Accepted Answer

Design thinking uses a process that was

Question 7

The ____ produces about three times as many ideas per unit of time and these ideas are generally of much higher quality.

Accepted Answer

A) hybrid process 
B) group approach 
C) collaborative process 
D) team process 
E) brainwriting approach 
A) hybrid process 
B) group approach 
C) collaborative process 
D) team process 
E) brainwriting approach

Question 8

Explain attribute identification.

Accepted Answer

To define the attributes of a problem, s

Question 9

What effects do incremental and disruptive or radical innovations have on technology?

Accepted Answer

While incremental innovations build on e

Question 10

Stage seven of Norman Seeff's creative process represents the emotional fulfillment of the original dream.

Accepted Answer

A) True 
 B)False

Question 11

It has been said that opportunity is the intersection of an idea and a venture capitalist.

Accepted Answer

A) True 
 B)False

Question 12

____ is concerned with the process of commercializing or extracting value from ideas.

Accepted Answer

A) Problem identification 
B) Creativity 
C) Invention 
D) Innovation 
E) Marketing 
A) Problem identification 
B) Creativity 
C) Invention 
D) Innovation 
E) Marketing

Question 13

Identify a problem to which you developed an innovative solution. Does your solution signal a business opportunity? Your example can be a simple as changing ingredients in a recipe.

Accepted Answer

Students may come up with triv

Question 14

Creativity is the behavior that results in ____.

Accepted Answer

A) manipulation 
B) innovation 
C) intuition 
D) illumination 
E) problem solving 
A) manipulation 
B) innovation 
C) intuition 
D) illumination 
E) problem solving

Question 15

____ is the process that moves an innovation from the laboratory to the market.

Accepted Answer

A) Commercialization 
B) Invention 
C) Transformation 
D) Innovation 
E) Marketing 
A) Commercialization 
B) Invention 
C) Transformation 
D) Innovation 
E) Marketing

Question 16

Force fitting involves:

Accepted Answer

A) Pairing random objects 
B) Assigning team workers to partners 
C) Adjusting manufacturing to comport with existing sizes 
D) Setting a deadline to formulate a solution 
E) Requiring a brainstorming session each day 
A) Pairing random objects 
B) Assigning team workers to partners 
C) Adjusting manufacturing to comport with existing sizes 
D) Setting a deadline to formulate a solution 
E) Requiring a brainstorming session each day

Question 17

____ sees opportunity arising from shifts in external factors in the market or industry, such as regulation, technological changes, and changes in customer preferences. ​

Accepted Answer

A) Problem solving 
B) Innovation 
C) Creation theory 
D) Discovery theory 
E) Value creation 
A) Problem solving 
B) Innovation 
C) Creation theory 
D) Discovery theory 
E) Value creation

Question 18

Creativity enables entrepreneurs to differentiate their businesses from competitors so that customers will notice them.

Accepted Answer

A) True 
 B)False

Question 19

Why is it important to correctly define a problem?

Accepted Answer

Unless the problem is defined

Question 20

The principle of Affirmative Judgment:

Accepted Answer

A) Finds the negative aspects of a problem definition 
B) Recognizes that the problem exists 
C) Avoids criticism for a problem definition until the positive aspects have been stated 
D) Rejects the non-starters 
E) Avoids making a decision until absolutely necessary 
A) Finds the negative aspects of a problem definition 
B) Recognizes that the problem exists 
C) Avoids criticism for a problem definition until the positive aspects have been stated 
D) Rejects the non-starters 
E) Avoids making a decision until absolutely necessary

____ innovations can find no identifiable market in the earliest stages of development.

Creativity is the basis for ____, which is discovering something that did not exist previously.

What are some challenges to creativity?

The vast majority of innovations today are ____.

Which of the following rules does not apply to idea generation?

Explain the principle of design thinking.

The ____ produces about three times as many ideas per unit of time and these ideas are generally of much higher quality.

Explain attribute identification.

What effects do incremental and disruptive or radical innovations have on technology?

Stage seven of Norman Seeff's creative process represents the emotional fulfillment of the original dream.

It has been said that opportunity is the intersection of an idea and a venture capitalist.

____ is concerned with the process of commercializing or extracting value from ideas.

Identify a problem to which you developed an innovative solution. Does your solution signal a business opportunity? Your example can be a simple as changing ingredients in a recipe.

Creativity is the behavior that results in ____.

____ is the process that moves an innovation from the laboratory to the market.

Force fitting involves:

____ sees opportunity arising from shifts in external factors in the market or industry, such as regulation, technological changes, and changes in customer preferences.

Creativity enables entrepreneurs to differentiate their businesses from competitors so that customers will notice them.

Why is it important to correctly define a problem?

The principle of Affirmative Judgment:

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

Exam 3: Creating Opportunity

____ innovations can find no identifiable market in the earliest stages of development.

Creativity is the basis for ____, which is discovering something that did not exist previously.

What are some challenges to creativity?

The vast majority of innovations today are ____.

Which of the following rules does not apply to idea generation?

Explain the principle of design thinking.

The ____ produces about three times as many ideas per unit of time and these ideas are generally of much higher quality.

Explain attribute identification.

What effects do incremental and disruptive or radical innovations have on technology?

Stage seven of Norman Seeff's creative process represents the emotional fulfillment of the original dream.

It has been said that opportunity is the intersection of an idea and a venture capitalist.

____ is concerned with the process of commercializing or extracting value from ideas.

Identify a problem to which you developed an innovative solution. Does your solution signal a business opportunity? Your example can be a simple as changing ingredients in a recipe.

Creativity is the behavior that results in ____.

____ is the process that moves an innovation from the laboratory to the market.

Force fitting involves:

____ sees opportunity arising from shifts in external factors in the market or industry, such as regulation, technological changes, and changes in customer preferences. ​

Creativity enables entrepreneurs to differentiate their businesses from competitors so that customers will notice them.

Why is it important to correctly define a problem?

The principle of Affirmative Judgment:

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping a Solution

Protecting the Startups Assets

Calculating Startup Capital Requirements

Building the Founding Team

Preparing a Business Plan

Designing an Entrepreneurial Organization

Choosing the Legal Form of Organization

Developing the Startup Marketing Plan

Creating a Startup Funding Strategy

Incorporating Ethics and Social Responsibility Into the Business

Planning for Growth and Change

Funding Growth

Filters

____ sees opportunity arising from shifts in external factors in the market or industry, such as regulation, technological changes, and changes in customer preferences.