Innovation and the Application of Entrepreneurship
The practice of using entrepreneurship within a company is also known as?
Intrapreneurship
What is an Essential Resource that is not monetary?
Relationships (Network)
The bare minimum needed to get feedback from consumers
Lean Startup
What resource do most startups lack?
Money
A short pitch with someone you only have brief contact with.
Elevator Pitch
Innovation within an organization is also known as?
Intrapreneurship
3 Important Factors to start a business
Money, location, workers
This often requires overcoming an intense level of competition
Red Ocean Strategy
A chance taken after careful estimation of the probable outcome
Calculated Risk
The purpose of a cash flow chart is to demonstrate
Profitability
an innovation seen or used first in the developing world, before spreading to the industrialized world.
Reverse Innovation
Popular form of investing, where large groups of people invest small amounts of money
Crowdfunding
A safeguard for any innovative idea with commercial potential
Patent
a series of small improvements made to a company's existing products or services
Calculated Risk
What do all good pitches begin with?
A Hook.
What is someone who is out to help the "Greater Good" rather than make a profit for them
Social Entrepreneur
A resource that can never be taken from you.
Knowledge
the process of making a product or service available for the consumer or business user who needs it
Research & Development
What is “free” advertising?
Publicity
Through what do you present your ability to make money?
A Business Plan
a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs.
Open Entrepreneurship
the amount of debt that can be used to finance your business’ assets.
Leverage
The intervention strategy known by the acronym BEANS stands for?
Behavior Enablers, Artifacts, and Nudges.
Member Experience & Passion/Vision are respectively known as?
Hard Skills,
Soft Skills
Investors fund what percent of ventures that approach them
1%