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 A: The more uncertainty and complexity there is in the environment, the more the creation model is used.

(True/False)

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Question 21

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 D: The more experienced the entrepreneur, the more the creation model is used.

(True/False)

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Question 22

The discovery model has been theoretically explained by Schumpeter, in what he refers to as alertness. The creation model is attributed to Kirzner, with his tendency towards creation and creativity.

(True/False)

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Question 23

The term entrepreneur's gaze is used in the book as:

(Multiple Choice)

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Question 24

The book discusses the creation model worldview. This worldview subscribes to the fact that:

(Multiple Choice)

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Question 25

March (1991) described the tension between the two learning strategies as a balancing act. The one - exploration - increases the prospects in the future, but creates greater risk in the present. The other - exploitation - reduces the risk in the present, but jeopardizes the future.

(True/False)

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Question 26

The entrepreneur's learning cycle describes experience-based learning by starting out with the action - Do it! This is followed by a number of steps. Which are they?

(Multiple Choice)

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Question 27

Dyer, Gregersen and Christensen (2011) discuss The Innovator's DNA, identifying five discovery skills, qualities which they imply create the foundation for how innovators get their ideas - in other words, taking a fresh approach. Which three skills are NOT included in the five mentioned skills?

(Multiple Choice)

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Question 28

An entrepreneurial opportunity is not the same as a product or service.

(True/False)

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Question 29

"Opportunity is central to entrepreneurship - without it, entrepreneurship does not exist." 1.This quote illustrates the core thinking behind effectuation.

(True/False)

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Question 30

The main point of the entrepreneur's learning cycle is:

(Multiple Choice)

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Question 31

"Unsuccessful entrepreneurs often equate an idea with an opportunity; successful entrepreneurs know the difference." What did J.A. Timmons intend with this quote?

(Multiple Choice)

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Question 32

Serendipity is a word that is often used when discussing creativity, innovation, discovery, happenstance and entrepreneurship. It normally stands for:

(Multiple Choice)

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Question 33

"Entrepreneurship is central to opportunity - without entrepreneurship, opportunity does not exist." 2.This quote illustrates the core thinking behind effectuation.

(True/False)

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Question 34

Interpretive repertoires, cognitive maps, mental models and interpretive timelines are synonymous to expressions that:

(Multiple Choice)

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Question 35

Five various sources of opportunity are mentioned in the book. Two incorrect alternatives have found their way into the following list. Which of the following are not part of the big five?

(Multiple Choice)

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Question 36

Showing 21 - 36 of 36

The discovery model has been theoretically explained by Schumpeter, in what he refers to as alertness. The creation model is attributed to Kirzner, with his tendency towards creation and creativity.

The term entrepreneur's gaze is used in the book as:

The book discusses the creation model worldview. This worldview subscribes to the fact that:

March (1991) described the tension between the two learning strategies as a balancing act. The one - exploration - increases the prospects in the future, but creates greater risk in the present. The other - exploitation - reduces the risk in the present, but jeopardizes the future.

The entrepreneur's learning cycle describes experience-based learning by starting out with the action - Do it! This is followed by a number of steps. Which are they?

Dyer, Gregersen and Christensen (2011) discuss The Innovator's DNA, identifying five discovery skills, qualities which they imply create the foundation for how innovators get their ideas - in other words, taking a fresh approach. Which three skills are NOT included in the five mentioned skills?

An entrepreneurial opportunity is not the same as a product or service.

"Opportunity is central to entrepreneurship - without it, entrepreneurship does not exist." 1.This quote illustrates the core thinking behind effectuation.

The main point of the entrepreneur's learning cycle is:

"Unsuccessful entrepreneurs often equate an idea with an opportunity; successful entrepreneurs know the difference." What did J.A. Timmons intend with this quote?

Serendipity is a word that is often used when discussing creativity, innovation, discovery, happenstance and entrepreneurship. It normally stands for:

"Entrepreneurship is central to opportunity - without entrepreneurship, opportunity does not exist." 2.This quote illustrates the core thinking behind effectuation.

Interpretive repertoires, cognitive maps, mental models and interpretive timelines are synonymous to expressions that:

Five various sources of opportunity are mentioned in the book. Two incorrect alternatives have found their way into the following list. Which of the following are not part of the big five?

The Rise, Fall and Return of the Entrepreneur

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