Entrepreneurship Management
271. One of the most important remedies of a business model failure is:
- Consistency and Persistence of the organization and the leadership
- Market Analysis
- Competitor’s Analysis
- Product analysis
Correct answer: (A)
Consistency and Persistence of the organization and the leadership
272. The importance of intellectual property should be understood by entrepreneur even before ______________
- Hiring a manager
- Engaging an attorney
- Developing a product
- Establishing new venture
Correct answer: (B)
Engaging an attorney
273. Which of the following is correct?
- Uncertainty about future gives excitement to an innovator.
- Prediction disability is a villain in the process of innovation.
- Innovation is an adventurous process.
- None of the above
Correct answer: (B)
Prediction disability is a villain in the process of innovation.
274. Which of the following is not a characteristics of design thinking approach?
- Rapid prototyping
- Detailed analysis
- Faster implementatio
- None of the above
Correct answer: (B)
Detailed analysis
275. Which of the following statements is not correct?
- Divergent thinking works best for open ended problems.
- Divergent thinking involves creativity.
- Unlike convergent thinking, there is no single best correct answer in divergent thinking.
- The process of divergent thinking is systematic and logical
Correct answer: (C)
Unlike convergent thinking, there is no single best correct answer in divergent thinking.
276. Which of the following is not a possible assumption to be validated in an experiment designed in the process of innovation?
- Women are as hard working as men.
- Women are as intelligent as men.
- Women are as fearless as men.
- All of the above
Correct answer: (D)
All of the above
277. Which of the following is not correct?
- In process of cocreation, customers and solution provider shares value.
- In process of cocreation, focus shifts from problem loci to problem space.
- Both (a) and (b) are false.
- Both (a) and (b) are correct.
Correct answer: (C)
Both (a) and (b) are false.
278. How does an organization creates value?
- By knowing their customers well
- By knowing their employees well
- By knowing themselves well
- By knowing their successors well
Correct answer: (A)
By knowing their customers well
279. How should India or similar markets look at the future?
- On the basis of Needs and Resources.
- On the basis of pattern set by the developed markets.
- On the basis of the neighboring markets
- On the basis of the desire of the entrepreneurs.
Correct answer: (A)
On the basis of Needs and Resources.
280. Which of the following is/are challenge(s) in the process of innovation?
- Fear of failure
- Unable to predict
- Lack of resources
- All of the above
Correct answer: (D)
All of the above