Exam 4: Creativity and the Business Idea
Exam 1: Entrepreneurship and the Entrepreneurial Mind-Set49 Questions
Exam 2: Entrepreneurial Intentions and Corporate Entrepreneurship48 Questions
Exam 3: Entrepreneurial Strategy: Generating and Exploiting New Entries93 Questions
Exam 4: Creativity and the Business Idea87 Questions
Exam 5: Identifying and Analyzing Domestic and International Opportunities73 Questions
Exam 6: Intellectual Property and Other Legal Issues for the Entrepreneur76 Questions
Exam 7: The Business Plan: Creating and Starting the Venture89 Questions
Exam 8: The Marketing Plan89 Questions
Exam 9: The Organizational Plan91 Questions
Exam 10: The Financial Plan88 Questions
Exam 11: Sources of Capital97 Questions
Exam 12: Informal Risk Capital, venture Capital, and Going Public102 Questions
Exam 13: Strategies for Growth and Managing the Implication of Growth82 Questions
Exam 14: Accessing Resources for Growth From External Sources90 Questions
Exam 15: Succession Planning and Strategies for Harvesting and Ending the Venture71 Questions
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In the ________ method,a word is written down,then another,creating a chain of ideas.
(Multiple Choice)
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When evaluating new product development,the criteria should be exclusive and subjective.
(True/False)
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What type of innovation is illustrated by the ideas of the airplane and penicillin?
(Multiple Choice)
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The collective notebook method involves members recording their ideas at least once a day for about a week.
(True/False)
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How many stages are in the product planning and development process?
(Multiple Choice)
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Discuss both the Gordon method and Forced Relationship creative problem solving techniques.
A.Gordon method - unlike many other creative problem-solving techniques,begins with group members not knowing the exact nature of the problem.This ensures that the solution is not clouded by preconceived ideas and behavioral patterns.The entrepreneur starts by mentioning a general concept associated with the problem.The group responds by expressing a number of ideas.Then a concept is developed,followed by related concepts,through guidance by the entrepreneur.The actual problem is then revealed later,enabling the group to make suggestions for implementation or refinement of the final solution.
B.Forced relationships - is the process of forcing relationships among some product combinations.It asks questions about objects or ideas in an effort to develop a new idea.The new combination and concept is developed through a five-step process:
1.Isolate the elements of the problem.
2.Find the relationships between these elements.
3.Record the relationships in an orderly form.
4.Analyze the resulting relationships to find ideas or patterns.
5.Develop new ideas from these patterns.
(Essay)
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Attribute listing is an idea-finding technique that requires the entrepreneur to list the attributes of an item or problem and then look at each from a variety of viewpoints.
(True/False)
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Creative synthesis is an important aspect of the _________ method of creative problem solving.
(Multiple Choice)
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The files of the U.S.Patent Office are kept confidential and entrepreneurs cannot study their contents.
(True/False)
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In parameter analysis a new idea is developed through a list of related issues or suggestions.
(True/False)
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One evaluation method successfully used in the concept stage is the systematic market evaluation checklist.
(True/False)
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Forced relationships is a method of forcing confrontations in focus groups.
(True/False)
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Members of the distribution channel are usually good sources of ideas for new products.
(True/False)
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Like the focus group,problem inventory analysis focuses on specific problems in a general product category.
(True/False)
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In the ________ method a new idea is developed through a list of related issues or suggestions.
(Multiple Choice)
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Discontinuous innovations have the least disrupting influence on established consumption patterns.
(True/False)
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