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The Experience Economy and Attention Economy Quiz

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The Experience Economy and Attention Economy Quiz

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Questions and Answers

What is the term used to describe ventures that seek growth, think strategically, and use innovation?

Micro-enterprises

Small businesses

Service industry

Entrepreneurial organizations (correct)

According to Pine and Gilmore (1998), what type of economy follows the goods-based industrial economy?

Experience economy (correct)

Information economy

Attention economy

Digital economy

What does Simon (1971) suggest information consumes in an information-rich world?

Resources

Attention (correct)

Time

Money

Which term refers to the scarcity created by a wealth of information in an information-rich environment?

Poverty of attention Signup and view all the answers

What happens when organizations do not exhibit entrepreneurial attributes according to Wickham (2006)?

They remain micro-enterprises Signup and view all the answers

How did Gregory (1967) define creativity?

Coming up with a unique idea fit for purpose Signup and view all the answers

What characterizes strong adaptors in Kirton's Adaptors and Innovators theory?

Prefer detail and make decisions incrementally Signup and view all the answers

In Kirton's theory, what describes strong innovators?

Connect disparate information and take big moves daringly Signup and view all the answers

What is a potential downside of strong adaptors according to the text?

Missing important details in the small print Signup and view all the answers

How do strong innovators approach decision-making according to the text?

By connecting disparate information and taking bold moves Signup and view all the answers

Which group may appear more reliable due to their approach but might take longer to arrive at decisions?

Strong adaptors Signup and view all the answers

What distinguishes strong innovators from strong adaptors in decision-making?

Strong innovators connect disparate bits of information Signup and view all the answers

What makes strong adaptors reluctant to take risks according to the text?

They are detail-oriented and incremental in their approach Signup and view all the answers