Entrepreneurship
Innovation: Competition & Process
Types of Innovation
Industry Life Cycle
Miscellaneous
100

The process by which change agents undertake economic risk to innovate—to create new products, processes, and sometimes new organizations

What is entrepreneurship?

100

The second "I" in the innovation process

What is invention?

100

An innovation that draws on novel methods or materials, is derived either from an entirely different knowledge base or from a recombination of the existing knowledge bases with a new stream of knowledge

What is a radical innovation?

100

When there are benefits to being the earliest organization to enter a new market.

What is first mover advantage?

100

The Netflix innovation that disrupted the cable television industry in 2007

What is streaming video on-demand?
200

The competitive weapon used by entrepreneurs to exploit opportunities created by change, or to create change themselves

What is innovation?
200

A form of intellectual property, gives the inventor exclusive rights to benefit from commercializing a technology for a specified time period

What is a patent?

200

A new product in which known components, based on existing technologies, are reconfigured in a novel way to attack new market

What is an architectural innovation?

200

The shape of the crossing the chasm graph

What is a bell curve?

200

The decade in which the 2nd industrial revolution characterized by electricty and the creation of the assembly line began

What is the 1870s?

300

The market opportunity that Rihanna's business Fenty Beauty exploited

What is makeup for all skin colors?
300

A social benefit some suggest will occur due to the advancement of automation and robotics

What is a universal basic income (UBI)?

300

A firm's resistance to changes in the status quo

What is organizational inertia?

300

The generic strategy most often used by winners of the shakeout stage

What is cost leadership?

300

A firm’s embeddedness in a complex network of suppliers, buyers, and complementors, which requires interdependent strategic decision making

What is an innovation ecosystem?

400

A person who starts multiple businesses

What is a serial entrepreneur?

400

A network of physical objects, such as airplanes, cars, and refrigerators, that are embedded with software, sensors, and other technology for the purpose of connecting and exchanging data over the internet

What is the internent of things (IoT)?

400

Invading the market from the bottom up is known as a _____ attack

What is stealth?

400

The name of the market segment that (on-average) consists of up to 2.5% of the market potential

What is technology enthusiasts?

400

The typical firm structure during the maturity stage

What is an oligopoly?

500

Apple's continued innovation in mobile devices and user experience is an example of this provided in the book

What is strategic entrepreneurship?

500

A business model in which companies can obtain a large part of their revenues by selling a small number of units from among almost unlimited choices.

What is long tail?

500

Digital photography is an example

What is a disruptive innovation?
500

The four generic options firms have during the decline stage of the industry life-cycle. (Must get 3 of four correct).

Whate are (1) exit; (2) harvest; (3) maintain; (4) consolidate?

500

Motorolla Iridium's failed innovation

What is satellite-based telephone system?

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