Exam 4: Opportunity

The discovery model and the creation model are often presented as two contradictory extremes, when in actuality successful entrepreneurs use both - at various stages and in various situations. A more ambidextrous approach. A number of hypotheses on this fact - verified by research, can be proposed. -Hypothesis C: The later in the entrepreneurial process, the more the discovery model is used.

"Opportunity is central to entrepreneurship - without it, entrepreneurship does not exist." 3.This quote contains a more or less hidden meaning. Which provides the best explanation?

Different individuals (and groups) have different "knowledge corridors" and are the only ones who can see certain opportunities, not everyone (Venkataraman, 1997). According to this theory, an opportunity only presents itself to those with the knowledge to recognize and interpret it. Which three types of knowledge are connected to this theory?

When discussing opportunities, a few fundamental questions are asked to determine if they are ………? Choose those that work well in the context of "opportunities."

The book mentions the expression: a window of opportunity. This implies:

One could add a fourth restriction to the above scale of assessment. In other words: …………………………………………..

The entrepreneur's learning cycle (inspired by Kolb) describes experience-based learning in four steps. This way of learning can work well or be the only alternative:

The individual-opportunity nexus is a key perspective for understanding entrepreneurship. This stresses:

Alt: When discussing learning strategies and March's open and closed styles (exploration and exploitation modes of learning), March himself identified the tension between the two as "choosing between either exploring new opportunities or exploiting old certainties."

A slightly rhetorical quote in the book regarding creativity states, "To be able to think outside the box, you have to have something in it - and let it be shaken up from time to time," an expression taken from Micael Dahlén (2006). What could this quote potentially mean?

When the book discusses an entrepreneurial opportunity, "a favorable moment" is offered as a simple clarification. What are the characteristics of favorable moments? That they are feasible and attractive. In order for a moment to meet these conditions, the book lists three requirements (restrictions) it must meet. Choose the correct three:

The discovery model and the creation model are often presented as two contradictory extremes, when in actuality successful entrepreneurs use both - at various stages and in various situations. A more ambidextrous approach. A number of hypotheses on this fact - verified by research, can be proposed. -Hypothesis B: The more innovative the idea, the more the creation model is used.

Expressions such as "agent-intensive" or "agent-dependent " opportunities (Ramoglou & Tsang, 2016) came about to describe:

The Innovator's DNA concept places associating as the backbone in the DNA of all five skills. (Dyer et. al. 2011). With this, the authors imply that:

When we speak about learning modes/learning strategies, two different styles are often mentioned - sometimes referred to as open and closed (exploration and exploitation modes of learning). The greatest differentiating factor between the two is: (one is correct)

When discussing learning strategies and March's open and closed styles (exploration and exploitation modes of learning), March himself identified the tension between the two as a "balancing act between exploring new opportunities and exploiting old certainties."

The discovery model and the creation model are often presented as two contradictory extremes, when in actuality successful entrepreneurs use both - at various stages and in various situations. A more ambidextrous approach. A number of hypotheses on this fact - verified by research, can be proposed. -Hypothesis E: The less educated the entrepreneur, the more the creation model is used.

The book states that there is no direct connection between experience and knowledge, and people vary in what they expose themselves to and what they learn from those experiences. These views are usually discussed under the expression:

The expression "Serendipity is no accident" goes against the mainstream concept of serendipity as a happy accident. This expression (from Friedel, 2001) attempts to express and prove that what appears to be an accident actually has to do with the fact that:

Experienced entrepreneurs see and assess opportunities quicker and more successfully than beginners - as mentioned in the book. Why is this?