Quiz Page 94 of 99 (PART TWO)
- Posted by Michael C. Fanning
- Date April 28, 2023
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Question 1 of 10
1. Question
1. As an entrepreneur, what responsibility and challenge are presented to you?
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Question 2 of 10
2. Question
2. Improvement, from an entrepreneurial perspective, means…
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Question 3 of 10
3. Question
3. How does communication play a role in the process of innovation?
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Question 4 of 10
4. Question
4. An all-or-nothing dedication to the generation of innovative business models means an entrepreneur needs to go back to the start each time, swap ideas, put current projects on the side so that they can pursue the latest idea.
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Question 5 of 10
5. Question
5. What are he two main characteristics of an entrepreneur as defined by Schumpeter?
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Question 6 of 10
6. Question
6. How would you define ‘Schumpeter’s gale’ or creative destruction theory?
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Question 7 of 10
7. Question
7. “Innovations can only be disruptive if the industries have reached a point of saturation of wealth, which will inevitably lead new creative market players to destroy old market structures by gaining market dominance through the commercialization of their innovative products and services.” (Business Creativity Guidebook, pg. 177) What is an example of the above quote?
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Question 8 of 10
8. Question
8. Which formula best encapsulates and answers the question, “How do I keep creating no matter what?
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Question 9 of 10
9. Question
9. Which statement about disruptive products and services is true according to traditional business models, and how do entrepreneurs introduce the disruptive factor by connecting present and future market trends?
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Question 10 of 10
10. Question
10. To achieve success as an entrepreneur, it’s important to be disciplined in capturing and organizing all relevant market insights and information. This involves taking note of these insights and transforming them into actionable items. The next step is to prioritize and create a schedule for implementing each action point, before taking concrete steps towards realizing them. This approach helps to ensure that opportunities are not missed, and progress is made towards achieving business goals.
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Entrepreneurship
I am a serial entrepreneur and I have been vegetarian for 14 years now. In a nutshell, I start businesses, grow them and retain some ownership before decelerating from all the operational duties involved.
In addition, I am a complete lover of nature. I turned vegetarian at 18 years old. And my mother introduced me to hiking in my teenage years. So, I take random walks in the bushes every now and then. It definitely helps with decision-making in business, too. But it is not all that I am. I am also an aspiring father, husband and Vegan. Did I mention I am Christian?
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