Entr 421 - Study guides, Class notes & Summaries

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ENTR 421 Final Study Set Questions and Correct Answers
  • Exam (elaborations)

    ENTR 421 Final Study Set Questions and Correct Answers

  • 5 discovery skills1. Associating 2. Questioning 3. Observing 4. Networking 5. Experimenting Associatingconnecting unrelated ideas and cross pollinating ideas to create new solutions QuestioningInnovators ask aq lot of questions to understand what the problem is, what it might be, and how they can approach it. What is the five whys approach?When confronted with a problem, some innovators will ask "why" questions five times to get to the core of the problem. What are the four disruptive ques...
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UNL ENTR 421 Review Questions with Correct Answers
  • Exam (elaborations)

    UNL ENTR 421 Review Questions with Correct Answers

  • What are the 9 components of the business model canvas? Key Partners Key Activities Value Propositions Customer Relations Customer Segments Key Resources Channels Cost Structure Revenue Streams What is the business model canvas? A strategic template tool used by new and existing companies to help design their business plan. It is a visual chart that is broken into 9 different components What are the 5 common traps to avoid large market fallacy better mousetrap fallacy no sustainable business m...
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