Strategic Thinking and Entrepreneurship Quiz

<p>The way is the goal</p> Signup and view all the answers

<p>Chance</p> Signup and view all the answers

<p>Having a clear vision of the future</p> Signup and view all the answers

<p>The vision</p> Signup and view all the answers

<p>The purpose of work and business</p> Signup and view all the answers

<p>The 'how' and serves as a roadmap</p> Signup and view all the answers

<p>Strategy in a top-down approach</p> Signup and view all the answers

<p>Leading to being 'empty'</p> Signup and view all the answers

<p>An experimental and creative approach</p> Signup and view all the answers

<p>From the Greek words for 'army' and 'lead'</p> Signup and view all the answers

<p>Ten major schools of strategic management</p> Signup and view all the answers

<p>To better analyze and understand oneself and the surrounding systems</p> Signup and view all the answers

<p>By integrating every aspect into the whole picture</p> Signup and view all the answers

<p>By its ability to live and survive</p> Signup and view all the answers

<p>Maximizing viability</p> Signup and view all the answers

<p>As a living organism following its evolutionary path</p> Signup and view all the answers

<p>To help get into the bird’s eye view and see the whole picture</p> Signup and view all the answers

<p>A living organism adapting to changes</p> Signup and view all the answers

<p>Maximizing viability</p> Signup and view all the answers

<p>See and take every aspect into consideration</p> Signup and view all the answers

<p>Balancing continuity and change</p> Signup and view all the answers

<p>Systemic change</p> Signup and view all the answers

<p>Everyone can and must be a changemaker</p> Signup and view all the answers

<p>One who combines input factors in an innovative manner to generate new value</p> Signup and view all the answers

<p>Small and medium-sized companies</p> Signup and view all the answers

<p>Creativity</p> Signup and view all the answers

<p>Problem-solving through their artistic mindset and out-of-the-box thinking</p> Signup and view all the answers

<p>Reflective learning</p> Signup and view all the answers

<p>Changing perspectives and thinking outside the box</p> Signup and view all the answers

<p>It is based on balancing tensions between various factors</p> Signup and view all the answers

<p>Social entrepreneurship and creating meaning and impact</p> Signup and view all the answers

<p>One who combines input factors in an innovative manner to generate new value</p> Signup and view all the answers

<p>That everyone can and must be a changemaker, contributing to the transformation of the economy and society</p> Signup and view all the answers

<p>Values and out-of-the-box thinking</p> Signup and view all the answers

<p>Vision and strategy complementing each other</p> Signup and view all the answers

<p>To enable a comprehensive view of the entire system</p> Signup and view all the answers

<p>Complexity and the pace of change</p> Signup and view all the answers

<p>Enhancing the relationship between vision and strategy</p> Signup and view all the answers

<p>See the big picture of the entire system</p> Signup and view all the answers

<p>Enhancing the relationship between vision and strategy</p> Signup and view all the answers

<p>The vision of the future</p> Signup and view all the answers

<p>Latin words for 'army' and 'lead'</p> Signup and view all the answers

<p>Requiring attention to detail and the ability to think outside the box</p> Signup and view all the answers

<p>Ten major schools of strategic management</p> Signup and view all the answers

<p>To answer the 'why' and serve as the purpose of work</p> Signup and view all the answers

<p>Leading to being 'empty'</p> Signup and view all the answers

<p>Visionary and value-driven approaches</p> Signup and view all the answers

<p>Greek words for 'army' and 'lead'</p> Signup and view all the answers

<p>By its ability to live and survive</p> Signup and view all the answers

<p>See and take every aspect into consideration</p> Signup and view all the answers

<p>Maximizing the viability</p> Signup and view all the answers

<p>As a living organism</p> Signup and view all the answers

<p>To help get into the bird’s eye view and see the whole picture</p> Signup and view all the answers

<p>Inability to adapt to changes</p> Signup and view all the answers

<p>Systemic thinking</p> Signup and view all the answers

<p>Creating social and environmental impact</p> Signup and view all the answers

<p>Maximizing the viability of an organization</p> Signup and view all the answers

<p>An individual who combines input factors in an innovative manner to generate new value</p> Signup and view all the answers

<p>Meaning and impact creation</p> Signup and view all the answers

<p>By changing perspectives, thinking outside the box, and challenging habits</p> Signup and view all the answers

<p>Creating systemic change and recognizing changemakers</p> Signup and view all the answers

<p>Small and medium-sized companies</p> Signup and view all the answers

<p>Understand the interconnectedness of various elements within a system</p> Signup and view all the answers

<p>Creativity</p> Signup and view all the answers

<p>Vision and strategy working together</p> Signup and view all the answers

<p>Designing the future</p> Signup and view all the answers

<p>Having a clear vision of the future</p> Signup and view all the answers

<p>Enabling a comprehensive view of the entire system</p> Signup and view all the answers

<p>The vision</p> Signup and view all the answers

<p>A dynamic and interconnected system</p> Signup and view all the answers

<p>Creative and social entrepreneurs</p> Signup and view all the answers

<p>See and take every aspect into consideration</p> Signup and view all the answers

<p>By integrating every aspect into the whole picture</p> Signup and view all the answers

<p>A living organism following its evolutionary path</p> Signup and view all the answers

<p>Maximizing the viability</p> Signup and view all the answers

<p>Systemic thinking</p> Signup and view all the answers

<p>To help get into the bird’s eye view and see the whole picture</p> Signup and view all the answers

<p>As living organisms adapting to changes</p> Signup and view all the answers

<p>Inability to integrate every aspect into the whole picture</p> Signup and view all the answers

<p>Maximizing impact</p> Signup and view all the answers

<p>Creativity is a process in the brain based on balancing tensions between various factors</p> Signup and view all the answers

<p>To create systemic change and recognize everyone as a changemaker</p> Signup and view all the answers

<p>An individual who combines input factors in an innovative manner to generate new value</p> Signup and view all the answers

<p>Values and problem-solving through artistic mindset and out-of-the-box thinking</p> Signup and view all the answers

<p>Creativity</p> Signup and view all the answers

<p>Daily routines</p> Signup and view all the answers

<p>Strategic thinking, creativity, flexibility, vision, and impact</p> Signup and view all the answers

<p>The 'how' and serves as a roadmap</p> Signup and view all the answers

<p>The 'why' and is the purpose of work</p> Signup and view all the answers

<p>Goals and activities</p> Signup and view all the answers

<p>Experimental and creative approach</p> Signup and view all the answers

<p>Henry Mintzberg</p> Signup and view all the answers

<p>The Art of War and On War</p> Signup and view all the answers

<p>1950s</p> Signup and view all the answers

<p>Ten major schools of strategic management</p> Signup and view all the answers

<p>Greek words for 'army' and 'lead'</p> Signup and view all the answers

<p>An innovator who implements change in an economy</p> Signup and view all the answers

<p>Requiring attention to detail and thinking outside the box</p> Signup and view all the answers

<p>Highly visionary and value-driven</p> Signup and view all the answers

<p>Adaptive and creative approach</p> Signup and view all the answers

<p>Visionary and value-driven entrepreneurs</p> Signup and view all the answers

<p>Visions need strategies in order to be impactful, and strategies need to be based on visions to be powerful.</p> Signup and view all the answers

<p>The process of developing strategies should start with having a clear vision of the future, which fuels and energizes the individual.</p> Signup and view all the answers

<p>Visions are emphasized as the driving force for social innovation, as they fuel creativity and evolution.</p> Signup and view all the answers

<p>The lack of strategic thinking results in wasted creative energy without leading to success.</p> Signup and view all the answers

<p>Entrepreneurs should follow a visionary strategy and reinvent themselves almost every day while sticking to their visions.</p> Signup and view all the answers

<p>Having a clear vision of the future is proposed as the starting point for the process of developing strategies.</p> Signup and view all the answers

<p>The relationship between vision and strategy is crucial in guiding business development towards impactful and purposeful outcomes.</p> Signup and view all the answers

<p>Creativity is a key element in strategic thinking and entrepreneurship, especially in the current crisis and transformation of the economy and society.</p> Signup and view all the answers

<p>Entrepreneurship is defined as combining input factors in an innovative manner to generate new value.</p> Signup and view all the answers

<p>Social entrepreneurship was recognized and supported by Bill Drayton, the founder of Ashoka. Its vision is that everyone can and must be a changemaker, contributing to the transformation of the economy and society.</p> Signup and view all the answers

<p>Small and medium-sized companies are driving new business models and innovative strategies, changing the way people work and consume.</p> Signup and view all the answers

<p>The purpose is to contribute to problem-solving through an artistic mindset and out-of-the-box thinking. Creativity can be fostered by changing perspectives, thinking outside the box, and challenging habits.</p> Signup and view all the answers

<p>The shift is focused on social entrepreneurship and creating meaning and impact.</p> Signup and view all the answers

<p>The vision is that everyone can and must be a changemaker, contributing to the transformation of the economy and society. Social entrepreneurship aims at systemic change.</p> Signup and view all the answers

<p>The importance of vision, mission, and strategy in business and management lies in their respective roles: vision provides the purpose and 'why', mission outlines the organization's objectives and 'what', and strategy serves as the roadmap for achieving the mission by detailing the 'how' and considering various factors.</p> Signup and view all the answers

<p>Developing business without a clear vision can lead to emptiness, indicating the importance of having a clear purpose and direction for the organization's activities.</p> Signup and view all the answers

<p>The metaphor of a safari aligns with strategic thinking by emphasizing the need for attention to detail, the ability to think outside the box, and the consideration of various perspectives, similar to navigating through uncharted territory in a safari.</p> Signup and view all the answers

<p>The term 'strategy' originates from the Greek words for 'army' and 'lead'. Additionally, influential military strategy writings include Sun Tzu's 'The Art of War' and Carl von Clausewitz's 'On War'.</p> Signup and view all the answers

<p>The text describes highly visionary and value-driven entrepreneurs, particularly creative and social entrepreneurs, as individuals who are highly visionary and driven by values, emphasizing the importance of purpose and ethical considerations in their endeavors.</p> Signup and view all the answers

<p>According to the text, strategic thinking, adaptive to changes, requires an experimental and creative approach in the unpredictable future, highlighting the need for flexibility and innovation in strategic decision-making.</p> Signup and view all the answers

<p>Henry Mintzberg's 'Strategy Safari' outlines ten major schools of strategic management, providing diverse insights into the various approaches and perspectives within the field of strategic management.</p> Signup and view all the answers

<p>A system is characterized by its ability to live and survive, no matter what threatens its existence.</p> Signup and view all the answers

<p>The systemic approach views every organization as a living organism that follows its evolutionary path, adapting to changes, whether from within or outside.</p> Signup and view all the answers

<p>The purpose of the tools and methods provided in the fourth chapter of the book is to help the reader get into the bird’s eye view and see the whole picture as well as activate potential for self-steering, especially if they are a small company or single entrepreneur.</p> Signup and view all the answers

<p>Systemic thinking can enhance strategic thinking and development by allowing individuals to better analyze and understand themselves and everything around them, integrating every aspect into the whole picture.</p> Signup and view all the answers

<p>Strategic development is about maximizing the viability and not the profit.</p> Signup and view all the answers

<p>The driving force for social innovation is the permanent process of communication and decisions guided by an organization's own patterns and modus operandi.</p> Signup and view all the answers

<p>According to systems theory, an organization is considered to be a living organism that follows its evolutionary path, adapting to changes, whether from within or outside.</p> Signup and view all the answers

<p>The 'helicopter perspective' or 'bird’s eye view' enables one to see and take every aspect into consideration and integrate it into the whole picture.</p> Signup and view all the answers

<p>The focus of strategic thinking and management is to look at every organization as a living organism, adapting to changes and following its evolutionary path.</p> Signup and view all the answers

<p>The 'helicopter perspective' or 'bird’s eye view' allows individuals to see and take every aspect into consideration and integrate it into the whole picture, thus enhancing strategic thinking and development.</p> Signup and view all the answers

<p>The systemic approach views every organization as a living organism, following its evolutionary path and adapting to changes, whether from within or outside, through a permanent process of communication and decisions guided by its own patterns and modus operandi.</p> Signup and view all the answers

<p>Strategic development focuses on maximizing the viability, not just the profit, of an organization.</p> Signup and view all the answers

<p>In systems theory, a system is characterized by its ability to live and survive, no matter what threatens its existence.</p> Signup and view all the answers

<p>Systemic thinking can enhance strategic thinking and development by allowing individuals to better analyze and understand themselves and everything around them, and by providing a 'helicopter perspective' or 'bird’s eye view' to integrate every aspect into the whole picture.</p> Signup and view all the answers

<p>The purpose of the tools and methods provided in the fourth chapter of the book is to help individuals gain a 'bird’s eye view' and see the whole picture, as well as activate their potential for self-steering, especially if they are a small company or single entrepreneur.</p> Signup and view all the answers

<p>Economist Alois Joseph Schumpeter defined entrepreneurship as the process of creative destruction, where entrepreneurs introduce new products, technologies, or business models that displace existing businesses or create new markets.</p> Signup and view all the answers

<p>The vision of social entrepreneurship is to address social problems and effect positive change by blending traditional business practices with innovative solutions.</p> Signup and view all the answers

<p>The metaphor of a safari aligns with strategic thinking as it emphasizes the exploration, discovery, and navigation through the diverse and complex landscape of strategic management and development.</p> Signup and view all the answers

<p>Having a clear vision and strategy is important because visions without strategies have zero impact, and strategies need to be based on visions in order to be powerful. Without a strategy, the vision stays as a vision and does not lead to success.</p> Signup and view all the answers

<p>Entrepreneurs need to reinvent themselves almost every day and yet stick to their visions. Business development without following a visionary strategy leaves the future to chance, which is not effective in times of rising complexity and change.</p> Signup and view all the answers

<p>The text defines strategy as designing the future, and it suggests that the process of developing strategies should start with having a clear vision of the future. The vision is what fuels the process of designing the future.</p> Signup and view all the answers

<p>The consequence of lacking strategic thinking is that a lot of creative energy is wasted without leading to success. This implies that visions without strategies have zero impact and strategies need to be based on visions in order to be powerful.</p> Signup and view all the answers

<p>Visions are the driving force for social innovation. It is important because without visions, there would be no driving force for social innovation, and strategies need to be based on visions in order to be powerful.</p> Signup and view all the answers

<p>The ten major schools of strategic management outlined in Henry Mintzberg's 'Strategy Safari' are the Design School, the Planning School, the Positioning School, the Entrepreneurial School, the Cognitive School, the Learning School, the Power School, the Cultural School, the Environmental School, and the Configuration School.</p> Signup and view all the answers

<p>The influential military strategy writings mentioned in the text are Sun Tzu's 'The Art of War' and Carl von Clausewitz's 'On War'.</p> Signup and view all the answers

<p>The term 'strategy' was introduced into management education by Harvard Business School in the 1950s.</p> Signup and view all the answers

<p>Strategic thinking, adaptive to changes, requires an experimental and creative approach in the unpredictable future.</p> Signup and view all the answers

<p>The metaphor of a safari aligns with strategic thinking, requiring attention to detail and the ability to think outside the box.</p> Signup and view all the answers

<p>The key elements of strategic thinking in entrepreneurship include balancing continuity and change, reflective learning, evaluation and creation, and aligning decisions and actions with larger goals.</p> Signup and view all the answers

<p>Creativity in entrepreneurship can be fostered by developing an artistic mindset, changing perspectives, thinking outside the box, and challenging habits.</p> Signup and view all the answers

<p>Economist Alois Joseph Schumpeter defined the concept of entrepreneurship and defined an entrepreneur as one who combines input factors in an innovative manner to generate new value.</p> Signup and view all the answers

<p>The vision of social entrepreneurship is that everyone can and must be a changemaker, contributing to the transformation of the economy and society.</p> Signup and view all the answers

<p>Small and medium-sized companies are driving new business models and innovative strategies, changing the way people work and consume.</p> Signup and view all the answers

<p>Systemic thinking involves taking a 'helicopter perspective' or 'bird’s eye view' to better analyze and understand oneself and the surrounding systems, which can enhance strategic thinking and development.</p> Signup and view all the answers

<p>In systems theory, a system is characterized by its ability to live and survive, no matter what threatens its existence.</p> Signup and view all the answers

<p>The focus of strategic development is about maximizing the viability and not the profit.</p> Signup and view all the answers

<p>The purpose of the tools and methods provided in the fourth chapter of the book is to help individuals get into the bird’s eye view, see the whole picture, and activate their potential for self-steering, especially if they are a small company or single entrepreneur.</p> Signup and view all the answers

<p>The systemic approach in strategic thinking and management views every organization as a living organism that follows its evolutionary path, adapting to changes, whether from within or outside.</p> Signup and view all the answers

<p>The 'helicopter perspective' or 'bird's eye view' refers to the ability to step out and gain a comprehensive view of oneself and the surrounding systems, allowing consideration of every aspect and integration into the whole picture. This perspective enables systemic thinking to enhance strategic thinking and development by providing a holistic view of the environment and the organization's place within it.</p> Signup and view all the answers

<p>Systemic thinking views organizations as living organisms that follow an evolutionary path, adapting to internal and external changes. It emphasizes that organizations engage in a permanent process of communication and decision-making guided by their own patterns and modus operandi.</p> Signup and view all the answers

<p>Strategic development focuses on maximizing the viability of the organization, rather than solely pursuing profit. It emphasizes the organization's ability to live and survive, adapting to threats and changes while following its evolutionary path.</p> Signup and view all the answers

<p>The tools and methods provided in the fourth chapter of the book are characterized as systemic tools that enable individuals to gain a comprehensive view of the whole picture and activate their potential for self-steering, particularly beneficial for small companies or single entrepreneurs.</p> Signup and view all the answers

<p>The driving force behind social innovation, as per the text, is the organization's ability to adapt and evolve in response to changes, both from within and outside. This adaptive capability allows organizations to engage in a continuous process of communication and decision-making, guided by their own patterns and modus operandi.</p> Signup and view all the answers

<p>The systemic approach in strategic thinking and management considers organizations as living organisms that possess the ability to live and survive, adapting to internal and external changes while following their evolutionary path. This approach emphasizes the continuous process of communication and decision-making guided by the organization's own patterns and modus operandi.</p> Signup and view all the answers

<p>The 'commander on top of the hill' serves as a metaphor for gaining the 'helicopter perspective' or 'bird's eye view', allowing individuals to better analyze and understand themselves and their surrounding systems. This metaphor emphasizes the importance of stepping out to gain a comprehensive view that integrates every aspect into the whole picture, enhancing strategic thinking and development.</p> Signup and view all the answers

<p>The purpose of the 'helicopter perspective' or 'bird’s eye view' in systemic thinking is to enable individuals to gain a comprehensive view of themselves and the surrounding systems, allowing consideration of every aspect and integration into the whole picture. This perspective enhances strategic thinking and development by providing a holistic view of the environment and the organization's place within it.</p> Signup and view all the answers

<p>Strategic development differs from profit-maximization by focusing on maximizing the viability of the organization rather than solely pursuing profit. It emphasizes the organization's ability to live and survive, adapt to changes, and follow its evolutionary path, rather than solely prioritizing financial gains.</p> Signup and view all the answers