Creativity, Innovation and Entrepreneurship

What is the central component of the Entrepreneurship process?

• The opportunity

• The entrepreneur

• Resources

• The organisation

The iPhone is an example of:

• creativity

• invention

• innovation

• entreprneurship

Which is a characteristic of a successful entrepreneur?

• Motivated

• Takes very little risk

• Passionate

• Hard-working

The process of starting and running a business.

• Entrepreneurship
• Technical Skills
• Independent Skills

____________ entrepreneurship include: grocery stores, hairdressers, consultants, travel agents, internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his/her own business. They hire local employees or family. Most are barely profitable. Their definition of success is to feed the family and make a profit.

• Scalable Startup

• Large Company

• Small Business

• Social

_______include adding new features to existing products or services or even removing features (value through simplification). Even small updates to user experience.

• Incremental innovation

• Disruptive innovation

• Architectural innovation

• Radical innovation

Desktop photocopiers represent an /a_________.

• radical innovation

• disruptive innovation

• architectural innovation

• incremental innovation

______ involve creating products and services that solve social needs and problems.

• Social entrepreneurship

• Large company entrepreneurship

• Small business entrepreneurship

• . Scalable startup entrepreneurship

You have to be creative for you to be innovative.

• True

• False

Being creative mean you are innovative.

• True

• False