history of entrepreneurship
This term describes someone who starts a new business.
What is an entrepreneur?
The first step in design thinking is to understand the user.
What is empathize?
Entrepreneurs see problems as these.
What are opportunities?
A quick pitch that explains your idea in under one minute is called this.
What is an elevator pitch?
Blue Ocean Strategy means creating a new market instead of doing this.
What is competing directly?
This revolution in the 1800s created many new business opportunities.
What is the Industrial Revolution?
This step is where you come up with as many ideas as possible.
What is ideate?
Entrepreneurs are willing to take these to move their ideas forward.
What are risks?
A good pitch always explains the problem and this.
What is the solution?
The opposite of a blue ocean is called this.
What is a red ocean?
This American inventor is known for the lightbulb and helped shape modern innovation.
Who is Thomas Edison?
A simple early version of a product meant to test an idea is called this.
What is a MVP?
Entrepreneurs stay positive and keep going even when things get tough.
What is resilience?
Your pitch should explain how your start up will do this financially.
What is a revenue model?
Blue oceans offer less competition and more of this.
What is opportunity?
Many modern tech companies began in this location, known for start ups.
What is Silicon Valley?
This step checks if your prototype actually works for users.
What is test?
Entrepreneurs look ahead and imagine what the future could be.
What is vision?
This part of a pitch shows how many people might want the product.
What is the market size?
This entertainment company created a blue ocean by mixing circus and theater.
What is Cirque du Soleil?
This economist said entrepreneurs drive change by creating new combinations of ideas.
Who is Joseph Schumpeter?
Design thinking encourages this style of improvement, where you learn and adjust.
What is iteration?
This mindset believes skills can grow through practice and learning.
What is a growth mindset?
A pitch ends with this clear message about what you need.
What is an ask?
Blue Ocean Strategy focuses on this type of innovation that creates value and lowers cost.
What is value innovation?