What is empathy?
understanding how someone feels
What is Humility?
Humility is being humble; not thinking you are better than everyone
Revenue- Cost =?
profit
Can you describe what is innovation
making something better
What are some types of communication
verbal
nonverbal
written
visual
What is the trend in Design?
smaller, powerful, beautiful
What is the difference between a manager and a leader? (management vs. leadership)
Manager: maintain the daily operation
Leader: provides meaning, inspiration
what is CAGR?
Compound Annual Growth Rate
What is an invention
Creating something for the first time
What do you think is the best type of communication
Face to Face
what is the difference between a fact and an opinion?
fact: something proven
Opinion: what you feel
What is Active listening
Learning to listen first
Provide feedback
ask questions
watching non-verbal clues
what is the difference between venture capital and angel investors?
Venture Capital: investors use money from large companies or corporations to invest in small startup companies.
Angel Investors: investors use their own money to invest in small startup companies
is the smartphone an invention or innovation
innovation
What is the one type of communication everyone in the world can understand
body language
What is human-centered design?
designs that help humans live better
Can you describe both sides of the Brain
Right brain: emotional
Left brain: rational
what is the difference between cultural appreciation and cultural appropriation? and give example of each
Cultural Appreciation: taking the time out to learn about different cultures and their traditions.
Cultural Appropriation: the unacknowledged or inappropriate adoption of the customs, practices, ideas, etc. of one people or society by members of another and typically more dominant people or society.
What is this?
vacuum tube, and what was its function.
What is the difference between International marketing and Global marketing
International: selling between 2 countries
Global: selling between more than 2 countries
what are the five phases of design thinking
1. discovery
2. empathy
3. ideation
4. prototype
5. present
what are the 3 types of learning styles
visual
auditory (reading, listening)
Kinesthetic (doing)
You invested $500 and received $650after three years. What had been the interest rate?
10%
150 = (500)(r)(3)
150 = 1500r
150/1500 = r = 0.10
Why is mindset important in innovation, and what are the 2 most important words to remember
I can
What is the difference between a product and service
Product is something that I own
Service is something that I use