INNOVATION ASSESSMENT V2 ACTUAL EXAM
QUESTIONS WITH 100% VERIFIED A+ ANSWERS
UPDATED
◍ how can operational planning assist with financial planning
during the fifth stage of the entrepreneurial process - sales
projections from the marketing plan can be used to project revenue
◍ What are three reasons to create business plans - they require
entrepreneurs to extensively research the market opportunity
They help entrepreneurs figure out solutions to potential challenges
before starting operations
They are helpful in attracting financing and investments to launch a
venture
◍ what challenge does the implementation stage present for some
entrepreneurs - A balance of key managerial functions and
entrepreneurial energy.
◍ An entrepreneur would like to secure access to both a large sum
of chase and industry experience.
Which funding option would best align with this entrepreneurs
overall good - Equity investors
, ◍ An entrepreneur comes up with a great idea for her business.
Which concept does this entrepreneur need to understand when
developing a new enterprise - a great idea cannot succeed without
effective communication
◍ Which features are highly important to the sustainability of new
ventures according to Barney and Clark - competencies and
capabilities
◍ What is social entrepreneurship - The application of
entrepreneurial tools to solve societal problems
◍ What two statements describe social entrepreneurs - they look for
innovative ways to solve existing problems
they employ entrepreneurial tools to address community issues
◍ Which description explains the relationship between creativity
and vision - Innovation is the conversion of creative new ideas into
new products, processes and services
◍ What is required during the incubation stage of Amabile's stages
of innovation - Making time for creative thought without regards to
immediate results