Exam (elaborations)
ESB V2 Questions and Answers 2024
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Exam of 3 pages for the course esb at esb (ESB V2)
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ESB V2business life cycle stages - answer Every student Should take Reading PE and English
existence - answer get business up and running
survival - answer start to add new customers, you are making a profit
success - answer Looking for ways to continue to grow the business
take off - answer Owner must decides how they can grow their company may want or
may choose to sell the company
Resource Maturity - answer owner has separated financially
Pivot or persist - answer are there more opportunities using the same strategy or should
you make changes and go another direction
exit plan - answer When an owner may choose to sell their company
The Design thinking process learning - answerevery day I post things
empathize - answerlearn about the customers challenges. Spend time with customers
to see their needs.
define - answeranalyze the information gathered during the empathize stage.
Ideate - answerdevelop many solution ideas and narrow down the best solutions.
prototype - answercreate multiple inexpensive product versions
test - answertest the product and make any changes needed before releasing it to
customer.
self-reliance - answertrusting oneself, your goals and your progress. You can't depend
on anyone else you are responsible for the success of your business.
forward-thinking - answerthink about and preparing for the future.
opportunity recognition - answerThe way you approach new ideas
Initative - answerturning your ideas into action. Can also bring new ideas
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