E1 Vocabulary Flash Cards Weeks 3-4

Front

A difficult, unwelcome, or harmful situation.

Back

Problem

Front

An action or process of solving a problem.

Back

solution

Front

Someone who creates and owns a business.

Back

entrepreneur

Front

The chance of losing something or having a negative outcome.

Back

risk

Front

An organization that provides products or services, usually to make money.

Back

business

Front

What entrepreneurs get in exchange for starting a business; can include money, personal satisfaction, independence, or positive impact on the economy/community.

Back

reward

Front

A strategic management and lean startup template for developing new business models.

Back

lean canvas

Front

A methodology used by designers to solve complex problems and find desirable solutions for clients.

Back

Human-Centered Design Thinking

Front

The 6 steps in human-centered design thinking are:

Back

Empathize, Interpret, Ideate, MVP Prototype, Test, and Evolve.

Front

A person or group who starts a business with the hope of financial gain.

Back

entrepreneur