Think Like an Entrepreneur
What do we call someone who starts a business and takes risks to pursue an opportunity?
An entrepreneur
What stage involves gathering information and researching a problem?
Knowledge accumulation
Which creative style prefers improving existing methods: adaptor or innovator?
Adaptor
What do entrepreneurs identify when they notice a problem that a business could solve?
An opportunity
What is it called when an existing company encourages new ideas and improvements?
Corporate innovation
What characteristic describes someone who keeps trying even after experiencing setbacks?
Persistence
What stage occurs when you step away from a problem and let your mind work on it?
Incubation
Which creative style likes challenging traditional ways of doing things?
Innovator
What term describes a mismatch between what customers need and what products provide?
An incongruity
What is the name for a small, independent team working on a special project outside normal company operations?
Skunk Works
What characteristic involves starting something without waiting for someone else to tell you?
Initiative
What do we call the sudden 'Aha!' moment when an idea comes to you?
Eureka
In the classroom left/right-brain activity, which side was associated with logic and organization?
Left brain
What entrepreneur created Spanx after experiencing a problem with pantyhose?
Sara Blakely
What company discussed in class believed that generating more ideas increases the chance of successful innovation?
3M
What characteristic helps an entrepreneur accept uncertainty when starting a business?
Risk tolerance
What stage involves testing an idea to see whether it works?
Evaluation and implementation
In the classroom activity, which side was associated with imagination and visual creativity?
Right brain
A student notices that classmates need a faster way to print assignments. What entrepreneurial concept is being demonstrated?
Opportunity identification
A business uses technology to develop and introduce new services. What concept is being demonstrated?
Corporate innovation
A founder keeps pursuing an idea after rejection. Name TWO entrepreneurial characteristics shown.
Persistence and risk tolerance (or initiative, if explained)
Put these stages in order: Eureka, Incubation, Evaluation and Implementation, Knowledge Accumulation.
Knowledge accumulation → Incubation → Eureka → Evaluation and implementation
Why can a team benefit from having both analytical and creative thinkers?
They combine logical planning and creative ideas to solve problems
Sara Blakely noticed something missing from existing products. What concept describes this gap?
An incongruity
A group reviews several possible solutions, questions assumptions, and considers evidence before deciding. What thinking process is this?
Critical thinking