Podcast
Questions and Answers
How do expert entrepreneurs start building a new venture?
How do expert entrepreneurs start building a new venture?
- By seeking large all-or-nothing opportunities
- By calculating the expected return on investment
- By setting pre-determined goals and objectives
- By imagining possibilities based on their traits, knowledge, and network (correct)
What is the approach used by expert entrepreneurs to limit risk according to the text?
What is the approach used by expert entrepreneurs to limit risk according to the text?
- Setting pre-determined goals with minimal risk
- Seeking large all-or-nothing opportunities
- Understanding what they can afford to lose at each step (correct)
- Targeting segments with the highest potential return
How do expert entrepreneurs make decisions according to the text?
How do expert entrepreneurs make decisions according to the text?
- By assembling means after setting a goal
- By analyzing the market and choosing target segments with the highest potential return
- By seeking large all-or-nothing opportunities
- By calculating the upside potential of opportunities (correct)
What is the basis for decisions and new opportunities for expert entrepreneurs according to the text?
What is the basis for decisions and new opportunities for expert entrepreneurs according to the text?
What do expert entrepreneurs calculate to limit downside potential and risk, based on the text?
What do expert entrepreneurs calculate to limit downside potential and risk, based on the text?
What is the principle followed by expert entrepreneurs when building partnerships?
What is the principle followed by expert entrepreneurs when building partnerships?
What approach focuses on building the 'future' together with lead users, suppliers, and even prospective competitors?
What approach focuses on building the 'future' together with lead users, suppliers, and even prospective competitors?
How do expert entrepreneurs interpret 'bad' news and surprises?
How do expert entrepreneurs interpret 'bad' news and surprises?
What is the core belief of an effectual worldview?
What is the core belief of an effectual worldview?
What do expert entrepreneurs focus on to ensure desired outcomes?
What do expert entrepreneurs focus on to ensure desired outcomes?
What does the causation approach presume about competitors?
What does the causation approach presume about competitors?
How do expert entrepreneurs view contingent events, information, and meetings?
How do expert entrepreneurs view contingent events, information, and meetings?
What is the main focus of the avoiding surprises approach?
What is the main focus of the avoiding surprises approach?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
What does the logic of PLAN accept about the future?
What does the logic of PLAN accept about the future?
How do expert entrepreneurs perceive surprise?
How do expert entrepreneurs perceive surprise?
What is the primary focus of expert entrepreneurs when setting out to build a new venture?
What is the primary focus of expert entrepreneurs when setting out to build a new venture?
What is the approach employed by expert entrepreneurs to limit risk?
What is the approach employed by expert entrepreneurs to limit risk?
What is the basis for decisions and new opportunities for expert entrepreneurs, as per the text?
What is the basis for decisions and new opportunities for expert entrepreneurs, as per the text?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
How do expert entrepreneurs limit risk according to the text?
How do expert entrepreneurs limit risk according to the text?
What approach do expert entrepreneurs follow when building partnerships, as per the text?
What approach do expert entrepreneurs follow when building partnerships, as per the text?
What is the primary purpose of obtaining pre-commitments from key partners early on in the venture?
What is the primary purpose of obtaining pre-commitments from key partners early on in the venture?
What is the approach used by expert entrepreneurs to exploit the surprise factor?
What is the approach used by expert entrepreneurs to exploit the surprise factor?
What is the basis for decisions and new opportunities for expert entrepreneurs?
What is the basis for decisions and new opportunities for expert entrepreneurs?
What does the causal approach presume about competitors according to the text?
What does the causal approach presume about competitors according to the text?
How do expert entrepreneurs perceive surprise based on the text?
How do expert entrepreneurs perceive surprise based on the text?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
In the context of expert entrepreneurs, what is meant by 'co-creation'?
What principle do expert entrepreneurs follow when building partnerships according to the text?
What principle do expert entrepreneurs follow when building partnerships according to the text?
'The future is neither found nor predictable, but rather made.' What worldview does this statement reflect according to the text?
'The future is neither found nor predictable, but rather made.' What worldview does this statement reflect according to the text?
'Instead of making “what-if” scenarios to deal with worst-case scenarios, experts interpret “bad” news and surprises as potential clues to create new markets.' What approach does this statement align with according to the text?
'Instead of making “what-if” scenarios to deal with worst-case scenarios, experts interpret “bad” news and surprises as potential clues to create new markets.' What approach does this statement align with according to the text?
