Unit - 2.01
Design Thinking Process
Design Thinking Process
The number of steps in the design thinking process.
What is 5 steps?
A US government agency dedicated to helping entrepreneurs.
What is the Small Business Administration (SBA)?
The conditions inside or outside of a company that may have a positive or negative impact.
What is the business environment?
The research conducted to determine whether a new business idea should move forward.
What is a feasibility study?
A one-page business plan template.
What is a Lean Canvas?
The steps that understands the customers wants and needs.
The government rules related to workplace safety, food quality, and employee rights.
What is a regulation?
What is the internal environment?
A decision based on research, evidence, facts, and careful analysis rather than guessing.
What is a sound decision?
An explanation of how the business creates, delivers, and earns value.
What is a business model?
The fourth step in the design thinking process.
What is prototype?
The US agency that prevents unfair business competition or practices.
What is the FTC - federal trade commission?
The number of steps that comprise the environmental scan.
What is five?
The question a feasibility study answers.
What is "Should we do it"?
A fixed business cost.
What is rent?
will accept utilities, monthly fees, costs that do not change with the number of products produced.
DAILY DOUBLE
The design thinking step where many solutions are generated.
What is ideate?
The four ways the government affects businesses.
What is regulation, taxation, protection, and support?
The third step in the environmental scan.
What is carrying out scanning activities?
The document created after you have conducted a feasibility study.
What is a Business Plan?
will accept Lean Canvas
DAILY DOUBLE
Important measurements businesses track to determine how well the business is performing.
What are Key Metrics?
The step where the entrepreneur determines if it works or not.
What is test?
The forces that primarily direct the market economy.
What is supply and demand?
DAILY DOUBLE
The external factors of the SWOT analysis.
What are Opportunities and Threats?
The three main areas of a feasibility study.
What is Market, Operational, and Financial?
will accept product, or service for operational.
The pathways to reach customers.
What is a channel?