Classic Classic Quiz Entrepreneurship Revision 1 by X0xkatex0 X0xkatex0 145 played - 13 yrs ago To help with entrepreneurship exam revision! QUIZ 22 QUESTIONS hard 1 New venture creation seeks to... Convert the rawest of ideas into a profitable businessDrive innovation 2 Wickham believes that. . Supply side is a classic loopCreativity is the fundamental raw material that drives innovationDoing things differently is innovation 3 Idea's aren't opportunities they are... The raw material that drives innovationBasic foundations for opportunities and successful businessesFormal and informal 4 Left brained people tend to... Learn from their mistakesBe reflectiveBe too logical to be creative 5 3 qualities of right brained people are. . Look for better ways of doing things, look at both the bigger picture and the detail, and play mental games to stretch their imaginationCreative, rude and look at just the detailLogical thinkers, only see one way to do things, only look at the bigger picture 6 Who suggests that creative people tend to specialise in either innovation, invention of adaptation? Wickham (1976)Porter (1976)Kirton (1976) 7 3 features of an adaptor (Adaptation) Disciplined, precise and methodologicalLow tolerance for routine, refines current practice, discovers problems and solutionsLearns from mistakes, reflective, change custom and routine 8 3 features of an innovator Looks from unusual angles, discovers problems and solutions, is outcome orientatedIs sensitive to group cohesion, looks from unusual angles, is means orientatedHas the capacity for detailed work, refines current practice, does not accept current assumptions 9 What can you do to enhance personal creativity in an INFORMAL setting? Role playTravel more widelyPlay board games 10 What can you do to enhance creativity in a Formal setting Scan newspapers, journals and magazinesPursue your natual curiosityForced association - combining interest areas to identify new ventures 11 The value chain was developed by... Porter (1985)Kirton (1985)Wickham (1985) 12 The concept of the value chain was to ... Show the activities undertaken, rather than the strength of resourcesThe strength of resources, rather than the activities undertakenTake and transform basic inputs 13 Primary activites are... Activities that come before secondary activitiesConcerned with taking and transforming basic inputs so that customers express demand for the resultant outputThe first activities in the chain 14 Supporting activities are... Support for a businessActivities that support the primary activitiesFaciliating mechanisms that help the primary activities by supporting them 15 Which one IS NOT a primary activity? Firm infrastructureOperationsInbound logistics 16 Which one IS a supporting activity? Outbound logisticsMarketing and salesTechnology development 17 Human resource management is... A primary activityA supporting activity 18 Learning organisations are... Any organisation that helps to develop or needs up to date informationAn organisation that learnsAn organisation thats helps employees to learn whilst they work 19 A champion is. . Someone who is always developing new technologiesA winner!Someone who defines/decides what they are going to experiment in an organisation 20 Learning organisations are flat, adaptive, flexible and. . ResponsiveInnovativeKnowledgeable 21 A Positive of L. O Maintaining levels of innovation and remaining competitiveHelps others to learnNo one central authority 22 A negative of L. O They develop as they goAlways the risk they cannot learn fast enough in cases of emergenciesThey are too flexible A mistake in this Quiz ? Contact the author Commentaires
