Management 403

Assignment II
This assignment contains FOUR (4) questions. Each question carries 10 points. Each answer
should cover no more than half a page. Each answer carries a maximum score of 10, though
a particularly good answer may score a bonus point. Do not procrastinate.

(END-OF-CHAPTER 5 )

1. Describe opportunity identification for the entrepreneur.

2. How is prior knowledge and learning important to the recognition of

opportunities?

3. What are the major sources of innovative ideas? Explain and give an example of
each.

4. What are the four steps involved in developing personal creativity?

Identify and describe five of the innovation principles.