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Entrepreneurial Creativity and Innovation

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Entrepreneurial Creativity and Innovation

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Questions and Answers

What is the outcome of combining separate parts or elements?

Developing a business venture

Establishing a new company

Creating a new market trend

Formulating a whole new application (correct)

What is the primary characteristic of a creative idea?

Being easily implementable

Being widely accepted

Being novel and useful (correct)

Being cost-effective

What does creativity enable an entrepreneur to do?

Rethink an old idea (correct)

Develop a new business plan

Create a new marketing strategy

All of the above

What is the primary role of innovation in entrepreneurship?

Converting opportunities into marketable solutions Signup and view all the answers

What is the result of exploiting new ideas in entrepreneurship?

Generating wealth Signup and view all the answers

What is an example of synthesis in technology?

Combining a hand phone and a camera Signup and view all the answers

What is the relationship between creativity and innovation?

Creativity is a subset of innovation Signup and view all the answers

What is the primary goal of an entrepreneur who is creative and innovative?

To generate wealth Signup and view all the answers

What is the outcome of rethinking an old idea?

Coming up with a new application Signup and view all the answers

What is the role of innovation in driving change?

It is a catalyst for change Signup and view all the answers