Podcast
Questions and Answers
According to the text, what is the first thing you have in mind that you want to buy when you receive your allowance or salary?
According to the text, what is the first thing you have in mind that you want to buy when you receive your allowance or salary?
- A new book
- A new experience (correct)
- A new gadget
- A new outfit
According to the text, what are some common or worst mistakes in personal finance?
According to the text, what are some common or worst mistakes in personal finance?
- Not having a budget
- Not investing in the right opportunities
- Not saving enough money
- Spending too much on unnecessary items (correct)
According to the text, what is the root of all kinds of evil?
According to the text, what is the root of all kinds of evil?
- Faith
- Money
- Griefs
- Love of money (correct)
According to the text, what is TIP #02?
According to the text, what is TIP #02?
According to the text, what is TIP #04?
According to the text, what is TIP #04?
According to the text, what does SOP stand for?
According to the text, what does SOP stand for?
According to the text, what does POP stand for?
According to the text, what does POP stand for?
According to the text, what is a Mindset?
According to the text, what is a Mindset?
According to Investopedia, what is an ENTREPRENEUR?
According to Investopedia, what is an ENTREPRENEUR?
According to the text, what is the main focus of Unit I?
According to the text, what is the main focus of Unit I?
Which one of the following is a key characteristic of an entrepreneur?
Which one of the following is a key characteristic of an entrepreneur?
According to Harvard, what is entrepreneurship?
According to Harvard, what is entrepreneurship?
What is the purpose of a vision board?
What is the purpose of a vision board?
How many dreams should be mapped out on a vision board?
How many dreams should be mapped out on a vision board?
What are the three terms for categorizing dreams on a vision board?
What are the three terms for categorizing dreams on a vision board?
What should be created for each short term, medium term, and long term goal on a vision board?
What should be created for each short term, medium term, and long term goal on a vision board?
What is the purpose of self-assessment and reflection in choosing an industry to pursue?
What is the purpose of self-assessment and reflection in choosing an industry to pursue?
What are the personal entrepreneurial competencies (PECs) identified in the text?
What are the personal entrepreneurial competencies (PECs) identified in the text?
What is the Zuzunaga Venn Diagram of Purpose associated with?
What is the Zuzunaga Venn Diagram of Purpose associated with?
What do we find when we discover our ikigai according to the Zuzunaga Venn Diagram of Purpose?
What do we find when we discover our ikigai according to the Zuzunaga Venn Diagram of Purpose?
According to the text, what is the purpose of TIP #01?
According to the text, what is the purpose of TIP #01?
According to the text, what is the root of all kinds of evil?
According to the text, what is the root of all kinds of evil?
According to the text, what is the main focus of Unit I?
According to the text, what is the main focus of Unit I?
According to the text, what should be created for each short term, medium term, and long term goal on a vision board?
According to the text, what should be created for each short term, medium term, and long term goal on a vision board?
According to the text, what is the purpose of self-assessment and reflection in choosing an industry to pursue?
According to the text, what is the purpose of self-assessment and reflection in choosing an industry to pursue?
According to the text, what is the Zuzunaga Venn Diagram of Purpose associated with?
According to the text, what is the Zuzunaga Venn Diagram of Purpose associated with?
According to the text, what are the personal entrepreneurial competencies (PECs) identified?
According to the text, what are the personal entrepreneurial competencies (PECs) identified?
According to Harvard, what is entrepreneurship?
According to Harvard, what is entrepreneurship?
According to the text, what are some common or worst mistakes in personal finance?
According to the text, what are some common or worst mistakes in personal finance?
What is the purpose of a vision board?
What is the purpose of a vision board?
According to Harvard, what is the definition of entrepreneurship?
According to Harvard, what is the definition of entrepreneurship?
What is the purpose of a vision board?
What is the purpose of a vision board?
How many dreams should be mapped out on a vision board?
How many dreams should be mapped out on a vision board?
What is the main focus of Unit I?
What is the main focus of Unit I?
According to the text, what are the personal entrepreneurial competencies (PECs)?
According to the text, what are the personal entrepreneurial competencies (PECs)?
What does POP stand for?
What does POP stand for?
What is the Zuzunaga Venn Diagram of Purpose associated with?
What is the Zuzunaga Venn Diagram of Purpose associated with?
According to Investopedia, what is an ENTREPRENEUR?
According to Investopedia, what is an ENTREPRENEUR?
What are the three terms for categorizing dreams on a vision board?
What are the three terms for categorizing dreams on a vision board?
According to the text, what is TIP #04?
According to the text, what is TIP #04?
Which of the following is NOT one of the Three Ps of Creativity?
Which of the following is NOT one of the Three Ps of Creativity?
What is the difference between creativity and innovation?
What is the difference between creativity and innovation?
Which of the following is NOT a step in the Innovation Process?
Which of the following is NOT a step in the Innovation Process?
What is the purpose of the Three Ps of Creativity?
What is the purpose of the Three Ps of Creativity?
What is the first step in the Innovation Process?
What is the first step in the Innovation Process?
What is the last step in the Innovation Process?
What is the last step in the Innovation Process?
What is the purpose of the Creative Process?
What is the purpose of the Creative Process?
How many Extreme Users were interviewed?
How many Extreme Users were interviewed?
What is the occupation of Loyal User 2?
What is the occupation of Loyal User 2?
What is the occupation of Non-User 1?
What is the occupation of Non-User 1?
What is the age of Extreme User 3?
What is the age of Extreme User 3?
What is the gender of Expert 2?
What is the gender of Expert 2?
How many Non-Users were interviewed?
How many Non-Users were interviewed?
What is the occupation of Loyal User 3?
What is the occupation of Loyal User 3?
How many Experts were interviewed?
How many Experts were interviewed?
What is the gender of Non-User 1?
What is the gender of Non-User 1?
Which group of people does not participate in the creative field at all?
Which group of people does not participate in the creative field at all?
What are the two types of users who have deep knowledge of the creative product?
What are the two types of users who have deep knowledge of the creative product?
What is the purpose of crafting strong objectives?
What is the purpose of crafting strong objectives?
Which of the following is a better objective idea for reducing cars on EDSA?
Which of the following is a better objective idea for reducing cars on EDSA?
What is the purpose of conducting interviews with users in the field?
What is the purpose of conducting interviews with users in the field?
Which user type has formally studied the creative field or spent a lot of time researching and writing about it?
Which user type has formally studied the creative field or spent a lot of time researching and writing about it?
What is the main focus of Unit Assessment #01?
What is the main focus of Unit Assessment #01?
What are the four quadrants of the whole brain framework or The Herrmann Brain Dominance Instrument (HBDI)?
What are the four quadrants of the whole brain framework or The Herrmann Brain Dominance Instrument (HBDI)?
What are the two types of thinking described in the text?
What are the two types of thinking described in the text?
What are the four steps of the innovation process described in the text?
What are the four steps of the innovation process described in the text?
What is the purpose of the incubation phase in the innovation process?
What is the purpose of the incubation phase in the innovation process?
What is the main lesson learned from the story about a man buying and selling coconuts?
What is the main lesson learned from the story about a man buying and selling coconuts?
What are the three Ps of creativity?
What are the three Ps of creativity?
What are the four creative personas described in the text?
What are the four creative personas described in the text?
What is the purpose of the ideation phase in the innovation process?
What is the purpose of the ideation phase in the innovation process?
What is the SCAMPER method used for in idea generation?
What is the SCAMPER method used for in idea generation?
Who are the interviewed people from the creative field in the innovation process?
Who are the interviewed people from the creative field in the innovation process?
What are the three steps of the S.A.V.E. Framework?
What are the three steps of the S.A.V.E. Framework?
What is the purpose of the Triple Bottom Line in the context of the enterprise?
What is the purpose of the Triple Bottom Line in the context of the enterprise?
What is the purpose of the Metaphoring Process in the Google Metaphoring Process?
What is the purpose of the Metaphoring Process in the Google Metaphoring Process?
What is the main focus of the Idea Flexibility Learning?
What is the main focus of the Idea Flexibility Learning?
Which of the following is NOT one of the dimensions of the AEIOU framework?
Which of the following is NOT one of the dimensions of the AEIOU framework?
What is the purpose of the Power Brainstorming technique known as 'COMBINE'?
What is the purpose of the Power Brainstorming technique known as 'COMBINE'?
What is the purpose of conducting observations in the AEIOU framework?
What is the purpose of conducting observations in the AEIOU framework?
What is the main focus of the Reverse Brainstorming technique?
What is the main focus of the Reverse Brainstorming technique?
Which of the following is a step in the SCAMPER technique?
Which of the following is a step in the SCAMPER technique?
What is the purpose of the Metaphoring technique in ideation?
What is the purpose of the Metaphoring technique in ideation?
What is the main focus of the Cross-Pollination technique?
What is the main focus of the Cross-Pollination technique?
What is the first step in the Idea Fluency technique?
What is the first step in the Idea Fluency technique?
Which of the following is NOT a benefit of circular business models?
Which of the following is NOT a benefit of circular business models?
What is the need that the product/service of solar lamps and chargers fulfills?
What is the need that the product/service of solar lamps and chargers fulfills?
Who is the target market for the solar lamps and chargers?
Who is the target market for the solar lamps and chargers?
How will the environment be affected by the solar lamps and chargers?
How will the environment be affected by the solar lamps and chargers?
What is the purpose of the Ideation phase in the innovation process?
What is the purpose of the Ideation phase in the innovation process?
Which group of people were interviewed in the Innovation Process?
Which group of people were interviewed in the Innovation Process?
What is the SCAMPER method used for?
What is the SCAMPER method used for?
Which of the following is NOT one of the AEIOU dimensions used in the observation process?
Which of the following is NOT one of the AEIOU dimensions used in the observation process?
What is the purpose of the Power Brainstorming technique known as SCAMPER?
What is the purpose of the Power Brainstorming technique known as SCAMPER?
What is the main focus of the Reverse Brainstorming technique?
What is the main focus of the Reverse Brainstorming technique?
What are the components of a ballad according to the example provided?
What are the components of a ballad according to the example provided?
What are some ways to modify a creative idea for the better?
What are some ways to modify a creative idea for the better?
What is one way to put a creative idea to other uses?
What is one way to put a creative idea to other uses?
What is one way to reverse a creative idea?
What is one way to reverse a creative idea?
What is one way to rearrange a creative idea?
What is one way to rearrange a creative idea?
Which one of these is NOT a step in the SCAMPER technique?
Which one of these is NOT a step in the SCAMPER technique?
What is the purpose of the Metaphoring technique in ideation?
What is the purpose of the Metaphoring technique in ideation?
What is the main focus of the Reverse Brainstorming technique?
What is the main focus of the Reverse Brainstorming technique?
What is the purpose of a vision board?
What is the purpose of a vision board?
Which of the following is NOT a benefit of circular business models?
Which of the following is NOT a benefit of circular business models?
What is the main focus of the SDG WEDDING CAKE?
What is the main focus of the SDG WEDDING CAKE?
What is the need that the product/service of solar lamps and chargers fulfills?
What is the need that the product/service of solar lamps and chargers fulfills?
Who is the target market for the solar lamps and chargers?
Who is the target market for the solar lamps and chargers?
Study Notes
Personal Finance and Mistakes
- Common mistakes in personal finance include impulse spending, neglecting budgeting, and failing to save.
- The root of all kinds of evil is often linked to the love of money.
Tips for Financial Management
- TIP #02 emphasizes the importance of financial education.
- TIP #04 suggests setting clear financial goals.
Understanding Concepts and Definitions
- SOP stands for Standard Operating Procedure.
- POP stands for Point of Purchase.
- A Mindset refers to the established set of attitudes held by someone.
- An Entrepreneur is defined as an individual who creates and manages a business, taking on financial risks to do so.
Unit Focus and Entrepreneurial Traits
- The main focus of Unit I is on foundational concepts in entrepreneurship.
- Key characteristics of an entrepreneur include risk-taking, creativity, and resilience.
Entrepreneurship Insights
- According to Harvard, entrepreneurship involves the process of designing, launching, and running a new business or startup.
- The purpose of a vision board is to visualize and manifest goals and aspirations.
Vision Board Details
- Dreams mapped on a vision board should ideally be limited to around 10-15.
- The three terms for categorizing dreams are short-term, medium-term, and long-term.
- An action plan should be created for each short-term, medium-term, and long-term goal.
Self-Assessment and Personal Development
- Self-assessment and reflection help individuals choose appropriate industries for their entrepreneurial pursuits.
- Personal entrepreneurial competencies (PECs) comprise traits and skills crucial for success in entrepreneurship.
Zuzunaga Venn Diagram of Purpose
- The Zuzunaga Venn Diagram of Purpose is associated with identifying one's ikigai, or reason for being.
- Discovering one's ikigai brings clarity and fulfillment.
Creative Process and Innovation
- The Creative Process involves stages of Idea Generation, Concept Development, and Implementation.
- The Three Ps of Creativity are People, Processes, and Products.
- The difference between creativity and innovation lies in that creativity is the generation of new ideas, while innovation is the application that turns those ideas into value.
- The Innovation Process includes steps such as ideation, development, and execution.
Research and Observation in Innovation
- Interviews and observations are critical in understanding user needs and refining creative ideas.
- The incubation phase in the innovation process allows for reflection and development of ideas over time.
Brainstorming Techniques
- The SCAMPER method aids in idea generation by prompting users to Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, and Reverse.
- Reverse Brainstorming focuses on finding ways to cause problems instead of solving them, aiding in identifying must-have solutions.
Circular Business Models
- Circular business models aim to minimize waste and maximize resource efficiency, promoting sustainable practices.
Application of Ideas and Modifications
- Creative ideas can be modified through rearrangement, putting them to other uses, or reversing them to explore new perspectives.
- The goal is to enhance an initial idea and maximize its impact across various scenarios.
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Description
Test your financial knowledge and mindset with this quiz on Entrepreneurial Mindset and Opportunity Financial Planning. Discover if you have the mindset of an entrepreneur or an employee, and learn about active income, passive income, and the common mistakes to avoid in personal finance. Find out how to save, earn, and provide for your financial future.
