Entrepreneurship -Creativity & Innovation – Test 4

Components of creativity does not include:

_______ is the process by which an idea or invention is translated into goods or service

Who stated that “innovation is the process of creative destruction’?

Who gave the seven secrets of innovation ?

Innovation is the starting point of creativity. This statement is:

_______ is the  vehicle that drives creativity and innovation

Enviormental scanning includes monitoring of:

Which of these is not a method of envrionmental scanning?

Albert S.Humphery was the originator of

Threat is ___________ while strength is a __________ component

Expansion into new line of business is a _____________ of the firm

In PESTLE analysis, The word “E” stands for:

Porter’s five force model is used to explain:

According to Porter’s five force model which of these is not a competitive force for a firm________

Which of these is not a type of environmental scanning ?

Directed  scanning is a __________ scanning for a specific item

The methods of survey, focus groups, interviews are used under ____________

The most significant benefit of a business plan is :

Components of a business plan includes:

Which of these skills is not required for a successful business:

______ and _______ skills are needed for starting a business

Primary task for starting a venture is ___________

Opportunity analysis includes a business plan. The statement is _________

The word motivation has been derived from a ______ word which means “to move”.

Motivation can be: