Entrepreneurial Idea Generation by Vesper (1996)
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Questions and Answers

What is the main concern highlighted by Peter Drucker in the text?

  • Twisting facts to suit theories
  • Capital mistake in theorizing without data
  • Asking the wrong question (correct)
  • Providing wrong answers

    • According to Arthur Conan Doyle, what is a capital mistake?

  • Theorizing before having data (correct)
  • Not exchanging goods
  • Twisting facts to suit theories
  • Focusing on financial transactions

    • What does entrepreneurship involve according to the text?

  • Focusing solely on financial transactions
  • Ignoring relationships and alliances
  • Exchanging goods for services
  • Specializing in goods production (correct)

    • What is highlighted as the focus of entrepreneurial activities?

    <p>Building relationships and alliances</p> Signup and view all the answers

    How does Arthur Conan Doyle warn against twisting facts?

    <p>By emphasizing the importance of data</p> Signup and view all the answers

    What are the three spaces in Design Thinking?

    <p>Inspiration, Ideation, Implementation</p> Signup and view all the answers

    What is a key characteristic of a Bazaar-type economy?

    <p>Strong influence of relationships and networks</p> Signup and view all the answers

    What is the primary motivation for the Ideation space in Design Thinking?

    <p>Finding creative solutions</p> Signup and view all the answers

    What distinguishes a Bazaar economy from other types?

    <p>Personalized products and services</p> Signup and view all the answers

    Why does it make sense to efficiently manage the idea generation stage in new product development?

    <p>To minimize investment in funds and time</p> Signup and view all the answers

    What sets Design Thinking apart from traditional problem-solving approaches?

    <p>Emphasis on intuition and emotional meaning</p> Signup and view all the answers

    What is one of the key characteristics that entrepreneurs possess according to the text?

    <p>Spotting opportunities to transform the commonplace into unique</p> Signup and view all the answers

    According to Charles H. Duell, what is his expectation for the present century?

    <p>Significant advancements in invention compared to the past</p> Signup and view all the answers

    In which direction should thinking evolve according to the text for solving significant problems?

    <p>At a higher level of complexity than when the problems emerged</p> Signup and view all the answers

    What are some factors mentioned in the text that can lead to catching everyone unawares?

    <p>External demographic changes</p> Signup and view all the answers

    How does the text describe the ability of entrepreneurs to see opportunities?

    <p>Seeing the extraordinary in the ordinary</p> Signup and view all the answers

    What is highlighted in the text as distinct about entrepreneurs' ways of putting resources together?

    <p>Innovatively combining resources in new ways</p> Signup and view all the answers

    What is a characteristic of a Salesman Entrepreneur according to the text?

    <p>They possess leadership qualities and commitment.</p> Signup and view all the answers

    What distinguishes a Technology Entrepreneur from a Salesman Entrepreneur based on the text?

    <p>Technology Entrepreneurs spend most of their time marketing products/services.</p> Signup and view all the answers

    What sets Salesman Entrepreneurs apart in terms of their approach to sales, as per the text?

    <p>They use a soft approach towards sales.</p> Signup and view all the answers

    Which entrepreneur type is more likely to spend significant time connecting with people according to the text?

    <p>Salesman Entrepreneur</p> Signup and view all the answers

    What is a key aspect of Technology Entrepreneurs as highlighted in the text?

    <p>They excel in developing innovative processes.</p> Signup and view all the answers

    Which type of entrepreneur is more likely to delegate business management responsibilities, based on the text?

    <p>Salesman Entrepreneur</p> Signup and view all the answers

    According to Vesper (1996), entrepreneurs can find ideas through which of the following?

    <p>Prior job</p> Signup and view all the answers

    What type of questions might prompt venture ideas by placing one's mind into a mode where the subconscious will work according to Vesper (1996)?

    <p>Search questions</p> Signup and view all the answers

    Which blocks to departure were mentioned by Vesper that could hinder idea generation?

    <p>Perceptual, Emotional, Environmental</p> Signup and view all the answers

    What did Vesper suggest as tactics for departure to help generate ideas and overcome obstacles?

    <p>Trying different ways of looking at venture opportunities</p> Signup and view all the answers

    According to Vesper, what should entrepreneurs do when facing obstacles?

    <p>Not be discouraged by others' negative views</p> Signup and view all the answers

    What is Design Thinking according to Tim Brown (IDEO, 2015)?

    <p>A human-centered approach integrating people's needs, technology, and business requirements</p> Signup and view all the answers

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