ENTP 3301 Exam || A Verified A+ Pass.
What are various forms of entrepreneurship? (7) correct answers Corporate Entrepreneurship
(Intrapreneurship)
Entrepreneurs Inside
Franchise
Buying an Existing Business
Social Entrepreneurship
Family Entreprise
Serial Entrepreneurs
What has helped increase the venture capital funding for women entrepreneurs? What more can
be done? correct answers Changes in the ecosystem due to organizations that have emerged with
the mission of supporting, training, and celebrating women entrepreneurs
-ex: Ex: The Pipeline Fellowship, EY Entrepreneurial Winning Women, Springboard
Enterprises, Astia, GalXc Women's Accelerator - UT Dallas
Having more female venture capitalists in the network
Why is entrepreneurship about practicing? correct answers About recognizing opportunities,
identifying value (to whom?), and gathering resources to convert those useful ideas to
commercially sustainable for profit or non-profit products/services
What is a "pitch"? What elements are the key elements in a "pitch"? correct answers -A pitch is a
form of words used when trying to persuade someone to buy or accept something, a good sales
pitch; a presentation of a business idea to potential investors
-Key Elements:
What is your product or service?
What is the problem being solved? For whom?
Why is the offering compelling (to your intended customers/market)?
Why are you better than what's out there now?
Why is having a growth mindset as opposed to a fixed mindset required in entrepreneurship?
correct answers Because G.M views are based on lifelong learning and views failure as an
opportunity to grow, while a F.M avoids challenges.
What characteristics of a new idea constitutes an opportunity? correct answers -New/unique
(improvement of something else)
Creates value
-Fulfills a need, desire, and is useful
Besides solving a customer problem, what is another way to identify an idea that could lead to an
opportunity? correct answers -Addressing pain points in the market
-Recognizing an opportunity gap
, What type of product idea is high in "value and usefulness" AND high in "novelty" (or
differentiation)"? Would Kawasaki label these types of ideas as "better sameness" or "jump to
the curve"? correct answers Deep
Intelligent
Complete
Empowering
Elegant
-Jump the curve ideas!
What are the 4 types of trends that may lead you to an opportunity? correct answers -Economic
Forces
-Social Forces
-Technological Advances
-Political Action and Regulatory Change
What makes up a startup's "sweet spot" and why? correct answers Passion and expertise
Why do you (and your startup) need a vision? correct answers -So you understand what your
specific/end goal is
-To know how to capture the "heart and mind" of each stakeholder
-So it reflects the values and aspirations of the idea
True/False: "Crossing the chasm" refers to influencing the majority of people who wait to adopt
new products/technologies. What are Kawasaki's recommendations to influence the majority?
correct answers -True
Recommendations:
Be realistic
Show empathy
Emphasize utility
Pay it forward
Go easy on the flattery
A 'pitch' presentation is an outline of your business model true or false? correct answers True
What is the purpose of giving a 'pitch' presentation? correct answers to give a short summary of
your company, your business plan and your startup vision.
Somewhat true or false: Is there an order of topics in the pitch? correct answers Somewhat True
What is the first topic in the pitch ( after a quick introduction)? correct answers The problem and
opportunity
What is the advantage of storyboarding your product solution? correct answers By using pictures
to tell the start ups story, you're able to think divergently (a picture is worth 1,000 words)
What are various forms of entrepreneurship? (7) correct answers Corporate Entrepreneurship
(Intrapreneurship)
Entrepreneurs Inside
Franchise
Buying an Existing Business
Social Entrepreneurship
Family Entreprise
Serial Entrepreneurs
What has helped increase the venture capital funding for women entrepreneurs? What more can
be done? correct answers Changes in the ecosystem due to organizations that have emerged with
the mission of supporting, training, and celebrating women entrepreneurs
-ex: Ex: The Pipeline Fellowship, EY Entrepreneurial Winning Women, Springboard
Enterprises, Astia, GalXc Women's Accelerator - UT Dallas
Having more female venture capitalists in the network
Why is entrepreneurship about practicing? correct answers About recognizing opportunities,
identifying value (to whom?), and gathering resources to convert those useful ideas to
commercially sustainable for profit or non-profit products/services
What is a "pitch"? What elements are the key elements in a "pitch"? correct answers -A pitch is a
form of words used when trying to persuade someone to buy or accept something, a good sales
pitch; a presentation of a business idea to potential investors
-Key Elements:
What is your product or service?
What is the problem being solved? For whom?
Why is the offering compelling (to your intended customers/market)?
Why are you better than what's out there now?
Why is having a growth mindset as opposed to a fixed mindset required in entrepreneurship?
correct answers Because G.M views are based on lifelong learning and views failure as an
opportunity to grow, while a F.M avoids challenges.
What characteristics of a new idea constitutes an opportunity? correct answers -New/unique
(improvement of something else)
Creates value
-Fulfills a need, desire, and is useful
Besides solving a customer problem, what is another way to identify an idea that could lead to an
opportunity? correct answers -Addressing pain points in the market
-Recognizing an opportunity gap
, What type of product idea is high in "value and usefulness" AND high in "novelty" (or
differentiation)"? Would Kawasaki label these types of ideas as "better sameness" or "jump to
the curve"? correct answers Deep
Intelligent
Complete
Empowering
Elegant
-Jump the curve ideas!
What are the 4 types of trends that may lead you to an opportunity? correct answers -Economic
Forces
-Social Forces
-Technological Advances
-Political Action and Regulatory Change
What makes up a startup's "sweet spot" and why? correct answers Passion and expertise
Why do you (and your startup) need a vision? correct answers -So you understand what your
specific/end goal is
-To know how to capture the "heart and mind" of each stakeholder
-So it reflects the values and aspirations of the idea
True/False: "Crossing the chasm" refers to influencing the majority of people who wait to adopt
new products/technologies. What are Kawasaki's recommendations to influence the majority?
correct answers -True
Recommendations:
Be realistic
Show empathy
Emphasize utility
Pay it forward
Go easy on the flattery
A 'pitch' presentation is an outline of your business model true or false? correct answers True
What is the purpose of giving a 'pitch' presentation? correct answers to give a short summary of
your company, your business plan and your startup vision.
Somewhat true or false: Is there an order of topics in the pitch? correct answers Somewhat True
What is the first topic in the pitch ( after a quick introduction)? correct answers The problem and
opportunity
What is the advantage of storyboarding your product solution? correct answers By using pictures
to tell the start ups story, you're able to think divergently (a picture is worth 1,000 words)
