Mod 3: Innovation
Product, price, place, and promotion are the ...
What are the 4p's of innovation.
____ helps and hurts entrepreneurs.
What is fear?
innovative business approaches to address social, cultural, or environmental issues.
What is social entrepreneur?
There are __ entrepreneurial narratives.
What are 6 entrepreneurial narratives?
The first thing people think about when talking about resources.
What is Money?
Most innovation happens here.
What is Sustaining innovation?
When an entrepreneur is too eager to get a product out there.
Amazon, Fitbit, Facebook, LinkedIn are this type of venture.
What is Aggressive growth venture?
Won first place in the business model competition in 2013.
What is the owlet?
Raising money for a project or business by asking a large number of people
What is Crowdfunding?
____ ____ is when businesses create a new segment in an existing market to reach underserved customers.
What is New-market disruption?
Founders should consider_____
when thinking about bringing new members on board
What is Passion Diversity?
This venture wants to provide basic subsistence for the entrepreneur and his/her family.
What is survival venture?
This characteristic is overrated when giving a pitch.
What is passion?
An entrepreneur starts and grows their business using personal savings or the revenue the business generates.
What is bootstrapping?
In our topic discussion, entrepreneurship is referred to a ____.
What is a Double-edged sword?
More than ____ percentage of start ups
never deliver a positive return to investors.
What is 66%?
Is widely recognized for revolutionizing nursing.
Who is Florence Nightingale?
You should approach the pitching process less as a formal presentation and more as an ____.
What is an improvisational conversation?
building a higher potential venture without a ____ is extremely difficult.
What is team?
What are the 4 types of innovation?
What are Breakthrough innovation, sustaining innovation, Disruptive Innovation, and basic research
The 3 Different Kinds of Entrepreneurial Passion are ___ ___ ___.
What is the passion for inventing, founding, and developing.
Nonprofit organization that helps small-scale farmers in Africa improve their harvests and increase their income.
What is the small acre fund?
This type of story telling is described as "Attribute the failure to external and internal reasons."
What is Acknowledge causes?
Bootstrappers tend to start with this type of idea to a smaller market to help save the cost of market research.
What is a copycat idea?