Module 2: Differentiating
Who focuses on innovation and creating new products?
What is an Entrepreneur
How do entrepreneurs handle failure and setbacks?
What is embracing it as a learning opportunity.
A person who establishes an enterprise with the aim of solving social problems or effecting social change.
What is a Social Entrepreneur
Sustaining, Breakthrough, Disruptive, and Basic are four types of blank
What are the four types of innovation?
Blank is important as it is the link to innovation leading to new businesses, better products, and a competitive advantage for existing businesses
What is Creativity
Why would a person not want to expand their business?
What is Comfortability
What motivates entrepreneurs to take risks and pursue their ideas?
What is a strong desire for success and a passion for what they do
This type of employee, operating within an existing organization, takes on an entrepreneurial role by spearheading new initiatives, products, or innovations to drive positive change. What is this individual called?
What is an intrapreneur
This term encompasses the process of creating and implementing new ideas, products, or services that bring about significant positive change, driving progress and competitiveness across various sectors. What is this key driver of growth?
What is innovation
The use of small amounts of capital from a large number of individuals to finance a new business venture (Peer to peer funding)
What is crowdfunding?
Which type of businessman do not plan for expansion or growth in the future?
What is Small businesses
How do entrepreneurs prioritize their time and resources to maximize productivity?
What is Focusing on what really matters and aligning their actions with their goals.
This revolutionary product, resembling a small sleeping bag, is designed by Social entrepreneurs to provide a low-cost solution for regulating the body temperature of premature infants in developing countries. What is the name of this groundbreaking device?"
What is Embrace Baby Warmer
This tool, often used by organizations to assess and categorize different innovation strategies based on criteria like risk, impact, and alignment with goals, goes by what name?"
What is the innovation matrix
Blank works
in stages: Preparation, Incubation, Illumination, Evaluation, and Elaboration.
What is Entrepreneurial creativity
What is the biggest risk entrepreneurs take?
What is Embracing the uncertainty
What strategies do entrepreneurs use to stay adaptable and agile in a rapidly changing business landscape?
What is Continued learning, embracing feedback, building strong networks, and experimentation/innovation.
"This intentional and proactive process involves employees modifying their job tasks, responsibilities, and relationships to better align with their personal strengths and interests. What is this practice called?
What is job crafting
This type of person first creates the market in an attempt to fill a gap. This Second type of person enters the market later and improves upon the ideas of the first person
What is First mover vs Improvers
Fear of the messy unknown, the Fear of being judged, the Fear of the first step, and the fear of losing control.
What is the four fears
How many employees does a small business have?
What is 1-19
What mindset shifts do an entrepreneur undergo when transitioning from an employee to a business owner?
What is Ownership/responsibility, self-motivation/ discipline, and risk-taking/uncertainty.
In the quest for low-cost, high-impact staff what unique in-house credential is proposed to encourage public sector employees to 'think outside the box,' allowing them time away from regular duties for service innovation, mentoring, and program development in diverse categories like community development and business development?
What is the Public Entrepreneurship Patent (PEP)
These five key behaviors are exhibited by which kind of organizations?
Always assuming there's a better way to do things.
Focusing on deeply understanding customers' stated and unstated needs and desires.
Collaborating across and beyond the organization, actively cross-pollinating.
Recognizing that success requires experimentation, rapid iteration, and frequent failure.
Empowering people to take considered risks, voice dissenting opinions, and seek needed resources.
What is the most innovative organizations
This term describes the process where products or services are developed in emerging markets to address local needs and then introduced to more advanced markets, challenging the traditional flow of innovation. What is this concept?
What is reverse innovation