Opportunity Discovery Lesson 2

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Questions and Answers

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?

<p>How will you know that your solution is valuable to others? (B)</p> Signup and view all the answers

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

<p>To show how your idea is better than existing solutions (B)</p> Signup and view all the answers

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

<p>43% (A)</p> Signup and view all the answers

What is a problem, according to the text?

<p>A job that someone is unable to do or doing with a lot of friction (A)</p> Signup and view all the answers

Why do companies have a high product development fail rate?

<p>Because they are not addressing a relevant problem in the life of their customers (C)</p> Signup and view all the answers

What percentage of new products are not accepted by consumers?

<p>95% (A)</p> Signup and view all the answers

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

<p>Describe the problem they want to solve (A)</p> Signup and view all the answers

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

<p>Fully understanding the customer's job requires understanding the functional, social, and emotional dimensions of the problem (D)</p> Signup and view all the answers

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