In a sense, opportunity identification and selection are akin to, what is termed in marketing terminology, ‘____________________'

__________________ is a technique for using information from one source to solve a problem in another context. Often one solution to a problem or opportunity can be used to solve another problem.

Brainstorming technique was originally adopted by ____________________ in 1938 in an American Company for encouraging creative thinking in groups of six to eight people.

brainstorming means ..,

It’s a useful tool to consider if you feel your team is stuck with the conventional mindset and coming up with those “out-of-the-box ideas” seems to be difficult.

This action focuses on reversing the order of interchangeable elements of an idea

This approach focuses on finding ways to use the idea or existing solution for another purpose and analyses the possible benefits if applied to other parts of the business.

Substitution technique refers to...,

The SCAMPER technique is created by _______________________, and is a method used for problem-solving and creative thinking.

When organizing an idea challenge, there are different parameters that you can choose to achieve the outcomes you’re looking for, which of the following is NOT a parameter use in idea challenge

____________________________ means coming up with ideas and concepts for solving the aforementioned problems and further refining them into something that is ready to be implemented.

________________________ means an analysis by the organizing team to identify recurring themes, group ideas to them to refine the problem definitions, and finally, to choose one or a few problems to initially focus on.

_________________________ is a focused form of innovation where you raise a problem or opportunity with the hopes of coming up with creative solutions.

brainstorming exercise to be effective needs to follow a modus operandi involving four basic guidelines, (check all four)

A ____________________ is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money. An idea is the base of the pyramid when it comes to the business as a whole.

CHARACTERISTICS OF A PROMISING BUSINESS IDEA (CHECK ALL FOUR)

WHICH OF THE FOLLOWING IS AN EXAMPLE OF AN "INNOVATIVE" BUSINESS IDEA?

___________________________ is a business's ability to generate earnings compared to its costs over a certain period of time.

For businesses, this could mean: creating new ideas, new product development through research and development, or improving existing services.

It’s the front end part of the idea management funnel and it focuses on coming up with possible solutions to perceived or actual problems and opportunities.

A ________________ is a cognitive belief system consisting of interrelated beliefs, assumptions, and knowledge that we use to process information, inform our decisions, and guide our behavior.

Those with an entrepreneurial mindset tend to Have compelling goals that keep them future-focused and intrinsically motivated, driving them to be..., (CHECK ALL THREE ANSWER)

An entrepreneurial mindset can be developed and enhanced through entrepreneurial experiences.

Most doctors, scientists, engineers, business school grads and lawyers don’t have an entrepreneurial mindset. There are lots of reasons why, some of which have to do with how they are chosen by their respective educational establishments.

The _________________________ is a state of mind interested in the pursuit of opportunity with scarce, uncontrolled resources.

Attitudes and motivation are what separates someone with an entrepreneurial mindset from another.

A willingness to pursue an idea or a desired goal even when the probability of succeeding is low

A tendency to show initiative, make decisions quickly, and feel impatient for results

A tendency to experience one’s work as exciting and enjoyable rather than tedious and draining

A general belief in one’s ability to leverage skills and talents to achieve important goals

The ability to bounce back quickly from disappointment, and to remain persistent in the face of setbacks

The ability to turn ideas into actionable plans; the ability to implement ideas well

The transmission of the message from sender to recipient can be affected by a huge range of things. Among those are, (check only two)

________________ ‘encodes’ the message, usually in a mixture of words and non-verbal communication

In face-to-face communication, the roles of the sender and recipient are not distinct. The two roles will pass back and forwards between two people talking.

__________________ includes face-to-face, telephone, radio or television and other media.

Effective communication involves minimizing potential misunderstanding and overcoming any barriers to communication at each stage in the communication process.

BENEFITS OF EFFECTIVE COMMUNICATION (CHOOSE THREE,3)

All the business associations get extremely profited from improved and effective communication.

The idea delivers that entrepreneurs are born and the business acumen is passed on genetically to them.

This idea expresses that entrepreneurs are developed over time, experience and learning.

The environment that a person lives in and the experiences that it faces forms an entrepreneur.

Effective communication strategies and execution facilitates enterprise decision making to be faster and mature.

A ______________________ is the factor that makes a company or a product stand out from its competitors, whether it is through; pricing, quality, customer service or innovation.

The purpose of the SCAMPER is to ...,

___________________ analyses the possibilities to make the process more flexible and focuses on other similar incremental improvements to the idea, process, or concept.

Entrepreneurial success cannot exist without maintaining a healthy and reliable relationship with clients and other stakeholders.

Adapting the idea looks at the problem or opportunity from a bigger perspective and aims for improving the overall results, not just the idea.

Brainstorming ultimately boils down to generate a number of ideas to be considered for the dealing with the issue/problem.