What are the primary criteria that people use to attribute "creativity" to an idea or solution? Novel and valuable
Novel and valuable
Where do people create value with creativity and entrepreneurship problem solving methods?
In startups as well as established organizations
Creativity is best thought of as an intangible,
subjective attribute of an idea or solution
Paula thought she had a creative idea for an app that could help UCF students find parking, but discovered that UCF already provides an app for that. Which of the following issues related to assessing creativity is addressed by this example?
Creativity assessments must consider the history of solutions in a particular context
The possibility of introducing an innovation to a specific market at a profit,
opportunity
A temporary organization in search of a repeatable and scalable business model,
startup
The biggest difference between creative solutions and innovations is that,
innovations are intended to be adopted by other people.
A creative solution that is intended to be adopted by others and diffused to different settings is best described as a(n),
innovation
This course intends to help students understand creativity and entrepreneurship as a,
repeatable problem-solving method for developing new sources of value.
Entrepreneurship is best understood and appreciated as a means of creating value for others.
True
What are the most useful thing to consider when making creativity assessments?
Products, Solutions, Objects, Ideas (all are acceptable)
Nora created a successful startup venture by selling exotic scarves that were very common in Croatia to people in Chicago who were unfamiliar with the designs and, therefore, considered them to be creative. Which of the following aspects of defining creat
Creativity needs to be assessed at a particular point in time in a particular task domain
Creativity is most usefully defined as a,
domain-specific attribution of the relative novelty and value of a particular solution.
Evolutionary models stand in contrast to traditional sequential/stage models of creativity, innovation and change that isolate creativity from outside influences. What benefits do you realize by adopting an evolutionary rather than a sequential process vi
You increase input diversity, enhance novelty, and reduce risk associated with underestimating uncertainty
Dr. William Green from the University of Miami suggests that everyone should learn entrepreneurial methods by describing entrepreneurship as a,
form of social responsibility.
Which of the following is NOT one of the three things commonly attributed to entrepreneurs?
Entrepreneurs create most new ideas
The average time that US employees 25-34 years old have been in their current job is approximately 7 years.
False
Which of the following statements best describes recent research findings on the financial returns associated with pursuing entrepreneurship?
Entrepreneurs earn considerably more on average, but there is more income variation
According to data provided by the Panel Study of Entrepreneurial Dynamics, what is the most common reason that individuals in the US become entrepreneurs?
Non-financial reasons like passion and being their own boss
What kinds of jobs account for most job growth in the US?
Non-routine
Activities that are least susceptible to automation include,
managing others and applying expertise.
According to a recent Gallup-Purdue poll, approximately ___________ percent of employees report being engaged at work.
30
What happens when decision makers use conservative decision criteria that limits their exposure to failed ventures?
They miss more opportunities
Why do people often stick with "satisfactory", familiar solutions rather than try new things? People are biased to prefer avoiding negative outcomes rather than attaining positive outcomes,
People often experience anxiety when confronted with complex decisions involving multiple options
When you create something new that others adopt (an innovation), you are likely to,
undermine existing routines and solutions.
This course intends to help students understand creativity and entrepreneurship as a,
innovation
Entrepreneurship is best described as a process of designing, implementing and sustaining business models that create value by diffusing innovations that make things better.
True
Sarah quickly gained a positive reputation as an entrepreneurial problem solver by using her communication and networking skills to promote her creative ideas. This illustrates how learning entrepreneurial methods can help you,
amplify your superpowers.
One description of entrepreneurship characterizes it as a method of human action, as important as democracy or science, that can be learned as,
a logical form of reasoning and problem solving.
Entrepreneurial leaders use methods that help them pursue creative ideas even when they lack authority or have necessary resources. Those who pursue creative ideas who DO have authority and necessary resources would typically be characterized as,
managers
Conceptual organizing processes are especially important early in an entrepreneurial journey when trying to reach the organizing milestone of,
articulating a value proposition.
At any moment, over 10 million people in the United States are taking steps to launch a new business venture. These people are described as,
nascent entrepreneurs.
According to the Techstar's video describing entrepreneurial journeys, and their efforts to support entrepreneurship, inspire is the first step in an entrepreneur's journey?
True
Effective entrepreneurs are most likely to,
take smart steps that require only tiny bits of faith.
The types of actions one should consider when taking "creaction" include smart steps limited by one's current means at hand and acceptable losses.
True
An essential creativity and entrepreneurship action principle that emphasizes acting, reflecting and learning as a means of addressing the unknown is called,
smart steps
Approximately what percentage of employing establishments fail after one year?
20
Oswego Outerwear recently implemented automated stitching and pressing machines that allowed them to reduce their workforce and move to a smaller facility. Click on the numbered arrow in the diagram of Michael Porter's business strategy diagram that best
Cheaper
Considering a creative action cycle as a way of understanding creative and entrepreneurial leadership highlights the importance of,
acting on creative ideas and learning from the consequences of those actions.
Randall spent years learning how to play drums, but was unable to find studio work because most producers he met relied on drum machines. Why was he at risk for becoming obsolete or underemployed?
He performed routine manual work
An entrepreneurial process that involves getting other involved through help-seeking,
storytelling and partnering is social organizing.
Why is creativity a tough choice relative to following routines?
Novel paths are uncertain and subject to delayed consequences
Individuals and organizations need to balance their respective investments in,
exploiting current routines and exploring novel alternatives.
When you create something new that others adopt (an innovation), you are likely to,
undermine existing routines and solutions.
The book "Just Start" proposes a new word called _______________ to describe two action principles - taking small smart steps, and reflecting on experience -
that entrepreneurs need to embrace to promote learning, imagining, creating, and judgment?
Approximately ___________________ percent of employing establishments fail after one year.
10-30
Darwinian evolution processes derived from biology have been served as analogies for creativity, innovation, and business strategy for decades.
One implication of adopting this analogy is that it emphasizes that, creativity is competitive, and new solutions make render existing solutions obsolete.
Entrepreneurs report greater control over decisions, hours, and job security, thus suggesting that an important motivation for pursuing entrepreneurship is,
self-determination.
When should decision makers use routine decision methods that predict outcomes associated with current choices?
When situations are well known
The types of actions one should consider when taking "creaction" include aggressive risks that others are unlikely to consider.
False
Yuki quickly gained a positive reputation as an entrepreneurial problem solver by using her communication and networking skills to promote her creative ideas.
This illustrates how learning entrepreneurial methods can help you, amplify your superpowers.
Entrepreneurial journeys typically require you to create your own path, rather than follow a path defined by others. This requires you to adopt the mindset of,
an explorer.
Intellectual property (patents, trademarks, etc.), barriers to entry, and brand development are all common strategies used to protect novel ideas and solutions.
True