Practicing Entrepreneurship- Chapter 2 Test Bank Solution Manual Already Passed (Rated A+)
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Practicing Entrepreneurship- Chapter 2
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Practicing Entrepreneurship- Chapter 2
Practicing Entrepreneurship- Chapter 2 Test Bank Solution Manual Already Passed (Rated A+)
1. Compare and contrast the prediction and creation approaches to entrepreneurship
2. Create a portfolio of five skills essential to building a mindset for the practice of entrepreneurship
3. Distinguish b...
Practicing Entrepreneurship- Chapter 2 Test Bank Solution Manual Already Passed (Rated A+)
1. Compare and contrast the prediction and creation approaches to entrepreneurship
2. Create a portfolio of five skills essential to building a mindset for the practice of entrepreneurship
3. Distinguish between entrepreneurship as a method and a process
4. Illustrate the key components of the practice of Entrepreneurship
5. Assess the role of deliberate practice in achieving mastery - Answers What are the 5 learning
objectives in this chapter?
Predictive Logic - Answers A form of thinking that sees entrepreneurship as a linear process in which
steps are followed and outcomes are ideally predictable
Creation Logic - Answers A form of thinking that is used when the future is unpredictable
Predictive Logic - Answers This type of logic puts a large focus on planning, less focus on actions, and
emphasizes waiting until you get the resources that you need. It's a linear approach that attempts to
avoid failure at all costs and works best in times of certainty and when there is assess to existing info
and data.
Creation Logic - Answers This type of logic puts a small focus on planning, and a large focus on taking
actions. This is an iterative approach that embraces and leverages failure and is employed during times
of uncertainty.
Predictive Logic - Answers Optimization and Competitiveness are characteristics of which logic;
predictive or creation?
Creation Logic - Answers Experimentation and Collaboration are characteristics of which logic; predictive
or creation?
creative - Answers Traditional education, the need to find the correct answer, and the constant need for
measurement and assessment has inhibited our _________________ nature.
Theory of Effectuation - Answers The idea that the future is unpredictable and entrepreneurs can
"effect" the future.
1. Skill of Play
2. Skill of Experimentation
3. Skill of Empathy
4. Skill of Creativity
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