Entrepreneurial Opportunity Recognition Knowledge
18 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

People are the only resources that determine the solution.

False

Creativity is a process that cannot be developed or improved.

False

Some individuals have a greater aptitude for creativity than others.

True

Successful creations are generally not preceded by investigation and information gathering.

<p>False</p> Signup and view all the answers

The incubation process often occurs while creative individuals are engaged in activities totally unrelated to the subject or problem.

<p>True</p> Signup and view all the answers

All individuals have been raised and educated in an environment that encouraged them to develop their creativity.

<p>False</p> Signup and view all the answers

General industry knowledge refers to information on how a particular company or business functions.

<p>True</p> Signup and view all the answers

Prior market knowledge refers to an individual's understanding of their customers' preferences and behavior.

<p>False</p> Signup and view all the answers

Prior customer understanding is gained through data analysis, market research, or previous interactions with customers.

<p>True</p> Signup and view all the answers

Specific interest knowledge refers to broad, general expertise across multiple fields.

<p>False</p> Signup and view all the answers

Entrepreneurs blend imaginative and creative thinking with a systematic, logical process ability.

<p>True</p> Signup and view all the answers

Creativity is the generation of ideas that results in the improved efficiency or effectiveness of a system.

<p>True</p> Signup and view all the answers

People in organizations can channel their creativity into seven different arenas, including Idea Creativity, Material Creativity, and Organization Creativity.

<p>True</p> Signup and view all the answers

Creativity is most likely to occur when the business climate is not conducive, such as when there is a fear of negative consequences for making mistakes.

<p>False</p> Signup and view all the answers

Creativity researcher William Miller argues that people often recognize when they are being creative and easily identify opportunities to be creative.

<p>False</p> Signup and view all the answers

Creativity is a key function in the entrepreneurial process, as it helps entrepreneurs generate innovative ideas.

<p>True</p> Signup and view all the answers

The path to creativity begins by first recognizing all the ways in which we are or can be creative, according to William Miller.

<p>True</p> Signup and view all the answers

A creative business climate is characterized by a willingness to accept change and an enjoyment in experimenting with new ideas.

<p>True</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Browser