MIE 410 INTERIM EXAM QUESTIONS WITH VERIFIED ANSWERS,100%CORRECT

MIE 410 INTERIM EXAM QUESTIONS WITH VERIFIED ANSWERS



100% Correct 29

Incorrect 0




1 of 29

Definition


What does the venture mean to the founder?


Who are they and who do they want to be?


Why do they get up every day to work in/on this venture or new idea?



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Creative confidence Competitive Context




Future situation Factors for desirability


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, 2 of 29

Definition


• Porter's Five Forces
• Competitor Matrix



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creative confidence David beats goliath




Opportunity Concept Competitive Context


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3 of 29

Definition


relativistic concept



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Opportunity Concept Fully Screened Concept




Tested Concept Stated Concept

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4 of 29

Definition


"Making effective use of ostensibly inadequate resources"



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adaptability flexibility




problem solving resourcefulness


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5 of 29

Definition


reasons for founding,
goals over short and long term,
changes over life course...



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