Which one of the following relates with the process of generating a novel or useful idea 1 point innovation vision creativity visualization?
The correct answer is c.
Creativity refers to the original ideas and imagination which create something unique.
Which one of the following represents a favorable set of circumstances that creates a need 1 point opportunity idea Design prospect?
An idea is a favorable set of circumstances that creates a need for a new product, service, or business.
Which one of the following represents a favorable set of circumstances that creates a need 1 point?
An E) opportunity is a favorable set of circumstances that create a need for a new product, service, or business and create value for the customers.
What is the process of generating a novel or useful idea?
Creativity is the process of generating a novel or useful idea. Opportunity recognition may be, at least in part, a creative process.
What is generating design ideas?
Generating ideas is like finding paths for users to travel from a complex state to a delightful one. There shall always be more than one way to solve a problem.
Which of the following shows the process of creating something new?
E) Innovation is the process of creating something new, which is central to the entrepreneurial process.
Is a Favourable set of circumstances?
What is An Opportunity? – An opportunity is a favorable set of circumstances that creates the need for a new product, service, or business idea. opportunity, then starts a business.
Which one is the most important aspect of entrepreneurship?
One of the most important features of entrepreneurship is that the whole business is run and managed by one person. So there is no one to share the risks with. Not taking any risks can stagnate a business and excessive impulsive risk-taking can cause losses.
What are the various ways in which an entrepreneur spots trends?
(i) Read trends:
(a)Entrepreneurs regularly read the leading publications and websites affecting their business. (b)Publications include industry publications, trade association sites, major newspapers, key business magazines, thought leaders and influential bloggers.
What is the most common reason given for why people choose to become entrepreneurs?
What is the most common reason given for why people choose to become entrepreneurs? To make a lot of money. To escape the long hours associated with corporate jobs.
Which of the following is not a characteristic of an entrepreneurship?
The need for affiliation is not a characteristic of an entrepreneur. The need for affiliation is the characteristic where a person yearns for the approval of others. An entrepreneur on the other hand doesn’t give too much importance to the thoughts of others and focuses on his work only.
Which of the following is a characteristic typical of most entrepreneurs?
Entrepreneur must have creative thinking and must be able to analyze problems and situations.
When you need to generate a large number of ideas quickly?
Brainstorming is a method for generating a large number of creative ideas in a short period of time. Brainstorming is full of energy, moves rapidly, and is synergistic, creating a large list of ideas which may eventually be boiled down, or funneled down, to a smaller list of priority items later in the project.
What is the difference between opportunity and idea?
What is the Difference Between Opportunity and Idea? Opportunity refers to a favorable time or situation for doing something whereas an idea refers to a thought or suggestion about a possible course of action. An opportunity is a chance that an individual gains. Idea, on the other hand, is a plan.
Which of the following is the correct sequence for the four steps in the entrepreneurial process?
Step 1:Deciding to become an entrepreneur. Step 2:Developing successful business ideas. Step 3: Moving from an idea to an entrepreneurial firm. Step 4: Managing and growing the entrepreneurial firm.