CIE L1 - M3 M4

What is opportunity in simple terms?

• Opportunity is Idea plus value

• Opportunity is Idea plus Execution

• Opportunity is Idea plus Profitability

• Opportunity is Effort plus Resources

What do great opportunities often disguise themselves as?

• Simple tasks

• Difficult problems

• Random events

• Unachievable goals

What ingredient in the entrepreneurship triangle is missing?

• Capabilities

• 1. Positive thinking

• Vision

• Good team

What can a shift or changes in regulatory policy represent for businesses?

• A setback

• A challenge

• An opportunity

• A hindrance

Identify the right order

• 1) False Choice

  2) Excellent Choice

  3) Correct Rejection

  4) Missed Opportunity

• 1) False Choice

  2) Correct Rejection

  3) Excellent Choice

  4) Missed Opportunity

• 1) Missed Opportunity

  2) Correct Rejection

  3) Excellent Choice

  4) False Choice

• 1) False Choice

  2) Correct Rejection

  3) Missed Opportunity

  4) Excellent Choice

What does ‘C’ in TIPSC stand for?

• Confidence

• Context

• Capabilities

• Content

Which of the following is NOT an example of a trend?

• Market/Business trend

• Technology trend

• Profit trend

• Social trend

Entrepreneurs must keep track of trends to:

• Repeat past successes

• Follow the crowd and avoid risks

• Adapt their strategies and stay competitive

• Focus solely on profit margins

According to the Bird-in-Hand principle of Effectuation, where should entrepreneurs start when building a venture?

• With a brilliant idea

• By raising a large amount of capital

• With their means: who they are, what they know, and whom they know

• By focusing on pre-existing pathways
  

Analyzing Market Trends is the only way to identify opportunities.

True or False?

• True

• False