Podcast
Questions and Answers
What are the four main areas of activity in a business model according to the text?
What are the four main areas of activity in a business model according to the text?
- Business opportunity, marketing strategy, operational plan, financial forecast
- Customer service, employee training, budgeting, competitor analysis
- Product development, market analysis, sales strategy, revenue projection
- Infrastructure management, product innovation, customer relationship, financial aspects (correct)
Which section is typically found in a business plan but not in an opportunity business model?
Which section is typically found in a business plan but not in an opportunity business model?
- Executive summary
- Management team
- Profit drivers (correct)
- Product innovation
In the context of the Opportunity Business Model, what does 'Proposition' refer to?
In the context of the Opportunity Business Model, what does 'Proposition' refer to?
- Employee training programs
- Market analysis for product placement
- Cost structure of the business idea
- Core value proposition perceived by the customer (correct)
Who are included in the 'People' dimension of the Opportunity Business Model?
Who are included in the 'People' dimension of the Opportunity Business Model?
What does the 'Process' dimension in the Opportunity Business Model focus on?
What does the 'Process' dimension in the Opportunity Business Model focus on?
Which are considered as drivers underpinning an entrepreneurial opportunity?
Which are considered as drivers underpinning an entrepreneurial opportunity?
In the context of a business idea, what does 'Profit' in the Opportunity Business Model refer to?
In the context of a business idea, what does 'Profit' in the Opportunity Business Model refer to?
What does 'Place' signify in the Opportunity Business Model?
What does 'Place' signify in the Opportunity Business Model?
'Process' in the Opportunity Business Model refers to:
'Process' in the Opportunity Business Model refers to:
'Personal' and 'Societal' are examples of drivers that underpin an entrepreneurial opportunity because they:
'Personal' and 'Societal' are examples of drivers that underpin an entrepreneurial opportunity because they:
