Group #1 Lesson 1-1 & 1-2

Front

What is the definition of "Disruptive Innovation"?

Back

When a business innovation dramatically changes the normal order of things.

Front

Who is an Entrepreneur?

Back

A person who creates a business, takes on financial and personal risks, and strives for constant improvement.

Front

What does "Entrepreneurship" refer to?

Back

The process of identifying opportunities, gathering resources, and creating a business.

Front

Which of the following best defines "Opportunity"?

Back

A set of circumstances that provides a chance to gain or benefit from

Front

What is a "Business Plan"?

Back

A roadmap of the business’s goals and strategies to achieve them.

Front

What is meant by "Entrepreneurial Discovery"?

Back

The process of scanning for changes that could create new opportunities for businesses.

Front

What happens during the "Harvesting" stage of the entrepreneurial process?

Back

Entrepreneurs evaluate if their company is successful and whether it needs more time.

Front

What does "Resourcing" mean in the entrepreneurial process?

Back

Gathering together the necessary resources like time, money, and people to start a business.

Front

Which of the following is an example of a "Disruptive Innovation"?
A new restaurant opening in a busy city.
A small business improving an existing product.
A new technology that changes how people communicate or work.
A product being sold in multiple countries.

Back

A new technology that changes how people communicate or work.

Front

What is the primary goal of an Entrepreneur?

Back

To create and grow a business that solves a problem and improves society.