17 Questions
What motivated an entrepreneur to create a co-living space for remote workers?
The rise of remote work and digital nomadism
What is the primary goal of opportunity screening in entrepreneurship?
To evaluate the feasibility and potential of innovative product ideas
Which of the following is an example of opportunity screening?
Evaluating the scalability and sustainability of a business idea
What is the purpose of assessing market demand and competition in opportunity screening?
To evaluate the feasibility of a business idea
What is the outcome of successful opportunity screening?
A validated and refined business idea
Why is it essential to seek feedback from potential customers and industry experts during opportunity screening?
To validate business ideas and avoid unnecessary investments
What does product innovation primarily focus on?
Introducing new or enhanced products or service features
Which innovation type is directly related to the UN SDG Agenda of 2030?
Eco innovation
What is the main goal of opportunity seeking in entrepreneurial mindset?
Actively searching for and identifying market-based activities that offer potential advantages
An entrepreneur identifies a gap in the market for high-quality, affordable skincare products. What is the entrepreneur doing in this scenario?
Recognizing a discrepancy in the market
Which of the following is an example of opportunity seeking?
Identifying a sudden surge in demand for eco-friendly products
What is the primary focus of marketing innovation?
Having creative ideas and executing the same in the area of price, packaging, design or promotion
What involves taking decisive action to capitalize on a business opportunity?
Opportunity seizing
What is an example of seizing an opportunity?
Launching a crowdfunding campaign
What is the purpose of iterating and adapting business strategies?
To maximize the potential for success
What organization has summarized the key qualities necessary to launch an entrepreneurial start-up?
United Nations Conference on Trade and Development (UNCTAD)
What is the outcome of forming strategic partnerships or alliances?
Leveraging complementary strengths and resources
Identify opportunities to innovate and create value in response to changes in market demographics, industry structures, and process inefficiencies. Test your knowledge of entrepreneurial strategies and solutions.
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