Question 1

Identify and explain one example of incremental innovation.

Accepted Answer

Students' answers will vary. One possibl

Question 2

The illumination step in Wallas's creative process involves  letting a problem lie in the subconscious for a time .

Accepted Answer

A) True 
 B)False

Question 3

_____  is concerned with the process of extracting value from an idea.

Accepted Answer

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

Question 4

The principle of affirmative judgment

Accepted Answer

A)  makes a judgment of a problem based on the  negative aspects of the problem definition. 
B)  focuses on the negative aspects of a problem first . 
C)  looks for the strengths or positive aspects of a problem first . 
D)  rushes to judgment on the best ideas to solve a problem . 
E)  a voids restating a problem even if the problem has just one positive aspect. 
A)  makes a judgment of a problem based on the  negative aspects of the problem definition. 
B)  focuses on the negative aspects of a problem first . 
C)  looks for the strengths or positive aspects of a problem first . 
D)  rushes to judgment on the best ideas to solve a problem . 
E)  a voids restating a problem even if the problem has just one positive aspect.

Question 5

Explain how to adequately define a problem by employing attribute identification.

Accepted Answer

Attribute identification is a simple tec

Question 6

_____ innovations improve on an existing technological or product base, often to create differentiation in the market.

Accepted Answer

A)  Continuous 
B)  Emergent 
C)  Evolutionary 
D)  Disruptive 
E)  Incremental 
A)  Continuous 
B)  Emergent 
C)  Evolutionary 
D)  Disruptive 
E)  Incremental

Question 7

What are the two theories that explain how opportunities happen, and how do the two theories differ?

Accepted Answer

Research on entrepreneurial opportunity

Question 8

All of the following are characteristics of design thinkers EXCEPT

Accepted Answer

A)  e mpathy. 
B)  traditional  thinking. 
C)  experimentation . 
D)  o ptimism. 
E)  c ollaboration. 
A)  e mpathy. 
B)  traditional  thinking. 
C)  experimentation . 
D)  o ptimism. 
E)  c ollaboration.

Question 9

List some sources of inspiration for innovation.

Accepted Answer

Some sources of inspiration for innovati

Question 10

One major theory of opportunity in which entrepreneurs create opportunities via their actions, reactions, and experiments around new products, services, and business models is known as _____ theory.

Accepted Answer

A)  structuralist 
B)  conflict 
C)  creation 
D)  discovery 
E)  stakeholder 
A)  structuralist 
B)  conflict 
C)  creation 
D)  discovery 
E)  stakeholder

Question 11

Research on entrepreneurial opportunity has identified two fundamental theories to explain how opportunities happen: discovery theory and creation theory.

Accepted Answer

A) True 
 B)False

Question 12

The creation of something novel and original whether or not it is commercialized is known as

Accepted Answer

A)  invention. 
B)  innovation. 
C)  visualization. 
D)  discovery. 
E)  value creation. 
A)  invention. 
B)  innovation. 
C)  visualization. 
D)  discovery. 
E)  value creation.

Question 13

Once you have generated a number of ideas for needs or problems, there is a natural tendency to

Accepted Answer

A)  t ry them all. 
B)  discard them all. 
C)  t ry the "crazy" ideas. 
D)  rush to judgment on the best ideas. 
E)  accept the idea that is easiest to implement. 
A)  t ry them all. 
B)  discard them all. 
C)  t ry the "crazy" ideas. 
D)  rush to judgment on the best ideas. 
E)  accept the idea that is easiest to implement.

Question 14

Design thinking is a brainstorming strategy in which the entrepreneur uses brainwriting, visualization, and journey mapping to generate original ideas.

Accepted Answer

A) True 
 B)False

Question 15

Stage _____ of Seeff's creative process represents the implementation of the action plan to turn the idea into reality.

Accepted Answer

A)  Three 
B)  Four 
C)  Five 
D)  Six 
E)  Seven 
A)  Three 
B)  Four 
C)  Five 
D)  Six 
E)  Seven

Question 16

How is the idea creation process similar to the problem-solving process?

Accepted Answer

The idea creation process is similar to

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)  Design thinking 
B)  Discovery theory 
C)  Creation theory 
D)  Visualization 
E)  Commercialization 
A)  Design thinking 
B)  Discovery theory 
C)  Creation theory 
D)  Visualization 
E)  Commercialization

Question 18

_____ involves getting ideas down on Post-it® notes and then organizing the ideas and creating themes.

Accepted Answer

A)  Mindmapping 
B)  Journey mapping 
C)  Visualization 
D)  Groupthink 
E)  Brainwriting 
A)  Mindmapping 
B)  Journey mapping 
C)  Visualization 
D)  Groupthink 
E)  Brainwriting

Question 19

Identify a problem to which you developed an innovative solution. How did you develop your solution?

Accepted Answer

Students' responses will vary

Question 20

_____ is the basis for invention and innovation, and is also fundamental to problem-solving.

Accepted Answer

A)  M anipulation 
B)  Intuition 
C)  Creativity 
D)  Inspiration 
E)  R edundancy 
A)  M anipulation 
B)  Intuition 
C)  Creativity 
D)  Inspiration 
E)  R edundancy

Identify and explain one example of incremental innovation.

The illumination step in Wallas's creative process involves letting a problem lie in the subconscious for a time .

_____ is concerned with the process of extracting value from an idea.

The principle of affirmative judgment

Explain how to adequately define a problem by employing attribute identification.

_____ innovations improve on an existing technological or product base, often to create differentiation in the market.

What are the two theories that explain how opportunities happen, and how do the two theories differ?

All of the following are characteristics of design thinkers EXCEPT

List some sources of inspiration for innovation.

One major theory of opportunity in which entrepreneurs create opportunities via their actions, reactions, and experiments around new products, services, and business models is known as _____ theory.

Research on entrepreneurial opportunity has identified two fundamental theories to explain how opportunities happen: discovery theory and creation theory.

The creation of something novel and original whether or not it is commercialized is known as

Once you have generated a number of ideas for needs or problems, there is a natural tendency to

Design thinking is a brainstorming strategy in which the entrepreneur uses brainwriting, visualization, and journey mapping to generate original ideas.

Stage _____ of Seeff's creative process represents the implementation of the action plan to turn the idea into reality.

How is the idea creation process similar to the problem-solving process?

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

_____ involves getting ideas down on Post-it^® notes and then organizing the ideas and creating themes.

Identify a problem to which you developed an innovative solution. How did you develop your solution?

_____ is the basis for invention and innovation, and is also fundamental to problem-solving.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters

Exam 3: Creating Opportunity

Identify and explain one example of incremental innovation.

The illumination step in Wallas's creative process involves letting a problem lie in the subconscious for a time .

_____ is concerned with the process of extracting value from an idea.

The principle of affirmative judgment

Explain how to adequately define a problem by employing attribute identification.

_____ innovations improve on an existing technological or product base, often to create differentiation in the market.

What are the two theories that explain how opportunities happen, and how do the two theories differ?

All of the following are characteristics of design thinkers EXCEPT

List some sources of inspiration for innovation.

One major theory of opportunity in which entrepreneurs create opportunities via their actions, reactions, and experiments around new products, services, and business models is known as _____ theory.

Research on entrepreneurial opportunity has identified two fundamental theories to explain how opportunities happen: discovery theory and creation theory.

The creation of something novel and original whether or not it is commercialized is known as

Once you have generated a number of ideas for needs or problems, there is a natural tendency to

Design thinking is a brainstorming strategy in which the entrepreneur uses brainwriting, visualization, and journey mapping to generate original ideas.

Stage _____ of Seeff's creative process represents the implementation of the action plan to turn the idea into reality.

How is the idea creation process similar to the problem-solving process?

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

_____ involves getting ideas down on Post-it® notes and then organizing the ideas and creating themes.

Identify a problem to which you developed an innovative solution. How did you develop your solution?

_____ is the basis for invention and innovation, and is also fundamental to problem-solving.

Understanding Entrepreneurship

Preparing for the Entrepreneurial Journey

Analyzing the Industry and Market

Developing and Testing a Business Model

Prototyping and Validating a Solution

Protecting the Startups Assets

Building the Founding Team

Calculating Startup Capital Requirements

Preparing a Business Plan

Designing an Entrepreneurial Organization

Planning Startup Operations

Choosing the Legal Form of Organization

Developing a Startup Marketing Plan

Incorporating Ethics and Social Responsibility Into the Business

Funding Startup and Growth

Planning for Growth and Change

Filters

_____ involves getting ideas down on Post-it^® notes and then organizing the ideas and creating themes.