Entrepreneurial toolset - Lecture: Wrap up total all weeks_Final
23 important questions on Entrepreneurial toolset - Lecture: Wrap up total all weeks_Final
What are the 3 steps of the entrepreneur process?
- Spark ( idea)
- Explore ( venture idea generation)
- Create ( Venture opportunity development)
What is Managerial thinking ( Causal ) ?
Selecting between given means to achieve a pre-determined goal. Etc: Sports goal
What is effectuation theory? And the 4 kenmerken?
- A thinking framework
- A set of heuristics to create value
- Doing the do-able
- How to get the sellable products and services established
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What is the working definition of 'creativity'?
What is the working definition of 'ideation'?
What is the working definition of 'innovation'?
What are the main four elements of 'radical innovation'?
- Significant breakthrough
- swims against the tide
- Starts within future
- High level of scientific discovery (push)
- happens less
What are the main four elements of 'incremental innovation'?
- Minor modification to existing products
- swims with the tide
- Starts with the present and work forwards
- Come from market analysis- Pull
What are the 5 categories of new food products innovation?
- Me-too products
- New packing solutions
- Line extensions
- Co-innovation
- True innovative products
What is the definition of 'entrepreneurship' in an innovation context?
What are the two types of innovation?
- Open innovation
- Closed innovation
With types of thinking occur when you go from a a problem to a solution?
- Divergent thinking ( Create choices )
- Convergent thinking ( Make choices )
What is the working definitions of 'Value proposition?
the sum of the functionality of your proposition
based on the pain relievers and gain creators your product offering to a specific customer.
What is working definition of 'Customer profile'?
What are the 3 elements of a customer profile?
- Gain and benefits
- Pains and risk
- Jobs and tasks
Value for whom?
What are the 3 elements of a value map(Consumer needs)?
- Gain creators
- Pain relievers
- Products and services
When do you have a market fit?
What is the function of the 'Mom test'?
- Helps to validate assumptions
Entrepreneurship: What is the difference between Classical versus sustainable?
- Value-driven
- Complexity of problems
- Risks
Where do sustainable entrepreneurship overlap with the classical approach?
- Opportunity identification
- Value-creation
- Need to earn money
What are the 6 competencies for a sustainable entrepreneur? (new to old)
- Foresighted thinking
- Normative competence
- Strategic action competence
- System thinking competence
- Diversity competence
- Interpersonal competence
Revenues - Costs /= Profit , what are the other elements?
- Balance environmental and societal impact with financial profit
- Include aspects of
- Governance
- Employees
- Community
- Customers
- Environment
What are 3 canvases regarding sustainable fincance?
- Prosperity canvas
- People canvas
- Planet canvs
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