Entrepreneurship and Innovation Quiz
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Questions and Answers

Which of the following best defines entrepreneurship?

  • Having a lot of money to invest in a business
  • Starting a business without any prior experience
  • Taking risks in order to achieve success (correct)
  • Creating something new and innovative

    • What is the equation for innovation according to the text?

  • Creativity + Ideas = Innovation
  • Creativity + Implementation = Innovation (correct)
  • Ideas + Implementation = Innovation
  • Implementation + Success = Innovation

    • What does the text suggest about the importance of ideas in innovation?

  • Ideas are not enough, implementation is also necessary (correct)
  • Ideas are the most important factor in innovation
  • Implementation is more important than ideas in innovation
  • Ideas and implementation are equally important in innovation

    • Who is quoted as saying 'It’s not about ideas. It’s about making ideas happen.'?

    <p>Scott Belsky</p> Signup and view all the answers

    What does the text imply about the relationship between creativity and innovation?

    <p>Creativity is important but not sufficient for innovation</p> Signup and view all the answers

    According to the text, what are some of the patterns that can help generate good ideas?

    <p>Go for a walk; cultivate hunches; write everything down</p> Signup and view all the answers

    What does the text recommend about keeping track of ideas?

    <p>Write everything down, but keep your folders messy</p> Signup and view all the answers

    According to Steven Johnson, where do good ideas come from?

    <p>The patterns followed together</p> Signup and view all the answers

    What does the text suggest about the importance of serendipity in generating ideas?

    <p>Embrace serendipity</p> Signup and view all the answers

    According to the text, what should you do with your ideas?

    <p>Let others build on your ideas</p> Signup and view all the answers

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