Exam 2: Recognizing Opportunities and Generating Ideas

Elaboration is the stage of the creative process when the solution to a problem is seen or an idea is born.

If a new firm was launched to help other firms comply with The Patriot Act, that opportunity was created by:

Which of the following is not an example of a social force?

In the five-stage creative process, the flash of recognition, or what is sometimes referred to as the "eureka" experience, occurs in the:

The ability to notice things without engaging in deliberate search is referred to as:

According to the textbook, opportunities are:

Which of the following is not one of the rules for a formal brainstorming session?

A focus group is a gathering of 5 to 10 people who are selected because of their relationship to the issue being discussed.

An example of a valuable library resources is IBISWorld, which is a:

Melanie Meyers, who has launched several successful entrepreneurial firms, seems to have a "sixth sense" that allows her to see opportunities that others miss. Melanie's ability is referred to as:

According to the textbook, the best approach to utilizing a library for entrepreneurship-related research is to:

According to research in this area, it is more likely that an entrepreneur will get a new business idea through a ________ relationship than the alternatives.

Describe the difference between strong-tie and weak-tie relationships. Is it more likely that an entrepreneur will get new ideas through strong-tie or weak-tie relationships?

An individual who identifies a business idea on his or her own is referred to as a:

Economic factors, social factors, technological advances, and political action and regulatory changes are the most important trends to follow in trying to identify opportunities.

The increasing number of spas opening in the United States is attributed to a jump in the number of people trying to deal more effectively with mental health and wellness issues. The increased emphasis on mental health and wellness in the United States is an important:

An opportunity is a favorable set of circumstances that creates a need for a new product, service, or business.

An idea bank is a physical or digital repository for storing ideas.

It is more likely that an entrepreneur will get a new business idea through a weak-tie than a strong-tie relationship.

Hank Simms is a very capable computer programmer. Recently, he noticed a problem that many programmers have, and thought of a solution to the problem that might represent an opportunity for a new software product. Hank's idea for a new software product is an example of a ________ discovery.