Opportunity Discovery Lesson 2

Play an AI-generated podcast conversation about this lesson

What is the primary goal of defining a potential solution?

To create a prototype

To empathize with people's behaviors

To design a perfect product

To determine if others will value it enough to pay for it (correct)

What is the first step in the Design Thinking process?

Ideate

Test

Empathize (correct)

Prototype

What is the main purpose of Activity 2?

To create a prototype

To solve a problem

To design a perfect product

To think of a product and its solution (correct)

What is the question that helps you determine if your solution is valuable to others?

How will you know that your solution is valuable to others? Signup and view all the answers

What is the main goal of describing the key differences in your solution?

To show how your idea is better than existing solutions Signup and view all the answers

What percentage of startups fail due to offering solutions nobody is willing to pay for?

43% Signup and view all the answers

What is a problem, according to the text?

A job that someone is unable to do or doing with a lot of friction Signup and view all the answers

Why do companies have a high product development fail rate?

Because they are not addressing a relevant problem in the life of their customers Signup and view all the answers

What percentage of new products are not accepted by consumers?

95% Signup and view all the answers

What do entrepreneurs need to do to identify a good problem to solve?

Describe the problem they want to solve Signup and view all the answers

What is important to understand when identifying a problem to solve?

Fully understanding the customer's job requires understanding the functional, social, and emotional dimensions of the problem Signup and view all the answers

Opportunity Discovery Lesson 2

Podcast Beta

Questions and Answers

What is the primary goal of defining a potential solution?

What is the first step in the Design Thinking process?

What is the main purpose of Activity 2?

What is the question that helps you determine if your solution is valuable to others?

What is the main goal of describing the key differences in your solution?

What percentage of startups fail due to offering solutions nobody is willing to pay for?

What is a problem, according to the text?

Why do companies have a high product development fail rate?

What percentage of new products are not accepted by consumers?

What do entrepreneurs need to do to identify a good problem to solve?

What is important to understand when identifying a problem to solve?

More Quizzes Like This

SCAMPER Model for Entrepreneurial Product Ideas

Product/Service Development & Prototyping Quiz

Entrepreneurship and Product Development

Product Planning and Development Process

Upgrade to continue