Fill In The Blank
The problem statement answers the question, “What ______ are you solving?”
Probelm
An idea with a plan.
Opportunity
What is the difference between an idea and an opportunity?
An idea is a concept without a plan, while an opportunity is an idea with a plan.
What is the highest grossing movie of all time?
Avengers-Endgame
Who is the co-founder of Microsoft alongside Paul Allen?
Bill Gates
A ______ is driven by customer needs.
Opportunity
A concept or thought without a plan.
An idea
What is a necessary starting point for a business?
An idea
Which athlete has the most Olympics medals in history?
Michael Phelps-28 medals
Which founder of Apple was fired in 1985, only to be re-appointed as CEO in 1997 at the age of 42?
Steve Jobs
Companies must be able to put ___ to work
Ideas
Potential of the mind to conceive new ideas.
Creativity
What does the value proposition explain?
It explains why customers should buy from you and not your competitors.
When was Facebook founded?
2004
What year was Google launched?
1998
Creativity is ___ to measure but ____ easy to see.
Hard;Easy
A statement that clearly identifies what your business is delivering.
Value Proposition
What is the main focus of design thinking?
To come up with solutions, products, or services that are desirable for the user, economically viable from a business perspective, and technologically feasible.
Who wrote the Star Spangled Banner?
Francis Scott Key
What was Instagrams original name?
Burbn
Companies often pursue _____, when they should be pursuing ______.
Creativity;Innovation
The process of translating an idea or invention into a good or service.
Innovation
What are the 3 steps to crafting a value proposition?
1. Identify customer needs
2. Link benefits to value offering
3. Differentiate and position yourself
Name these states capitals:
New York
Montana
Oregon
New Hampshire
New York-Albany
Montana-Helena
Oregon-Salem
New Hampshire-Concord
Which term describes a contractual agreement where one company has an established trademark or brand that they license to others to market and sell for profit as long as they pay them royalties and ot.
A franchise