Entrepreneurial Idea Generation by Vesper (1996)

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?

Building relationships and alliances (D) Signup and view all the answers

How does Arthur Conan Doyle warn against twisting facts?

By emphasizing the importance of data (A) Signup and view all the answers

What are the three spaces in Design Thinking?

Inspiration, Ideation, Implementation (D) Signup and view all the answers

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

Strong influence of relationships and networks (C) Signup and view all the answers

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

Finding creative solutions (B) Signup and view all the answers

What distinguishes a Bazaar economy from other types?

Personalized products and services (B) Signup and view all the answers

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

To minimize investment in funds and time (A) Signup and view all the answers

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

Emphasis on intuition and emotional meaning (A) Signup and view all the answers

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

Spotting opportunities to transform the commonplace into unique (A) Signup and view all the answers

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

Significant advancements in invention compared to the past (D) Signup and view all the answers

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

At a higher level of complexity than when the problems emerged (B) Signup and view all the answers

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

External demographic changes (A) Signup and view all the answers

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

Seeing the extraordinary in the ordinary (C) Signup and view all the answers

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

Innovatively combining resources in new ways (C) Signup and view all the answers

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

They possess leadership qualities and commitment. (C) Signup and view all the answers

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

Technology Entrepreneurs spend most of their time marketing products/services. (B) Signup and view all the answers

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

They use a soft approach towards sales. (C) Signup and view all the answers

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

Salesman Entrepreneur (D) Signup and view all the answers

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

They excel in developing innovative processes. (C) Signup and view all the answers

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

Salesman Entrepreneur (C) Signup and view all the answers

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

Prior job (C) 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)?

Search questions (B) Signup and view all the answers

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

Perceptual, Emotional, Environmental (B) Signup and view all the answers

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

Trying different ways of looking at venture opportunities (D) Signup and view all the answers

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

Not be discouraged by others' negative views (B) Signup and view all the answers

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

A human-centered approach integrating people's needs, technology, and business requirements (A) Signup and view all the answers