ENTP 3301 EXAM QUESTIONS AND ANSWERS
LATEST UPDATE
What are various forms of entrepreneurship? (7) - ANSWER 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? - ANSWER 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? - ANSWER 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"? - ANSWER -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? - ANSWER 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? - ANSWER -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? - ANSWER -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"? - ANSWER Deep
Intelligent
Complete
Empowering
Elegant
-Jump the curve ideas!
What are the 4 types of trends that may lead you to an opportunity? - ANSWER
-Economic Forces
-Social Forces
-Technological Advances
LATEST UPDATE
What are various forms of entrepreneurship? (7) - ANSWER 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? - ANSWER 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? - ANSWER 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"? - ANSWER -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? - ANSWER 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? - ANSWER -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? - ANSWER -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"? - ANSWER Deep
Intelligent
Complete
Empowering
Elegant
-Jump the curve ideas!
What are the 4 types of trends that may lead you to an opportunity? - ANSWER
-Economic Forces
-Social Forces
-Technological Advances
