Assignment Sheet

Student Name: Noor Hatem Hassan I.D: 2022/06987

Sheet No. 3
Entrepreneurships Process-1

I- Answer the following Questions

• What is the meaning of Entrepreneurship process?
a set of procedures and methodologies, followed by entrepreneurs to establish a new
business or venture.
• Differentiate between Critical & Creative Thinking
1-Critical thinking: It is a way of deciding whether a claim is always true, sometimes true, partly
true, or false
2-Creative thinking: ability to consider something in a new way, thinking outside the box.
• What is the meaning of idea generation (Ideation)?
Creative process that helps you figure out solutions to any difficulties you face
• What are the four main Idea generation process?
1- Brainstorm
2- Expose yourself to new ideas and information.
3- Have a place to record your ideas.
4- Think about the world’s biggest challenge
• What are the seven Criteria for selecting the Best Idea?
1. Clarity
2. Usability
3. Stability
4. Scalability
5. Stickiness
6. Integration
7. Profitability
• What is the meaning of an opportunity?
an idea for a new product or service with a market that is willing to pay for that product or
service so that it can form the basis of a profitable business

II- Select the most appropriate answer

1- Team creativity can be promoted in which of the following ways?

A. Establishing a competitive environment to promote creative ideas
B. Establishing challenges for the team
C. Evaluating ideas during the idea generation stage
D. Stressing deadlines to encourage intensity and focus

2- Focus groups use which of the following methods?

A. A moderator leads the group in an open, in-depth discussion.
B. A moderator asks each individual in the group questions, interview style.
 C. Each participant fills out a questionnaire, followed by individual exit interviews.
D. Each participant obtains new ideas and solutions by focusing on problems.

3- Brainstorming groups should:

A. contain an expert in the field to be discussed.
B. be serious and work-oriented.
C. Try to generate as many ideas as possible.
D. encourage criticism of ideas from other participants in the group.

4- Reverse brainstorming is much like brainstorming except that:

A. criticism is not allowed.
B. the technique is based on finding solutions.
C. the group need not be careful to maintain good morale.
D. the process usually involves identification of everything wrong with an idea.

5- Which of the following creative methods involves having participants write down their
ideas several times a day?
A. Collective notebook method B. Parameter analysis
C. Brainstorming D. Forced relationship
6- This problem-solving method involves developing new ideas by thinking without
constraints.
A. Value analysis B. Attribute listing
C. Brain-writing D. Big-dream approach

7- …………………… is an activity that generate good ideas.

A. Physical exercise B. Brainstorming
C. Examinations D. Dreaming

8- What is a fixed cost?

A. The cost that goes up and down. B. The cost that remains the same.
C. Measure the disadvantages of production. D. Measure advantages of production.

9- What is the variable cost?

A. Cost that goes up and down. B. Cost that remains the same.
C. Measures the disadvantages of production. D. Measures advantages of production.

10- All of the following are questioning an opportunity assessment plan might answer
except:
A. How much capital do I need? B. What market need does it fill?
C. What business skills do I have? D. Can a patent be obtained?

11- In the context of product development, an opportunity is:

A. a financial revenue for a product B. a market for a new product
C. an idea for a new product D. none of the above

12- Which of the following SWOT elements are internal factors for a business?
A. Strengths and Weaknesses B. Opportunities and Threats
C. Strengths and Opportunities D. Weaknesses and Threats
 III- Select True or False Statement
No. Statement True False
1 Every idea is an opportunity true
2 Creativity is something we are born with false
3 It’s better to brainstorm alone than with a group. false
Brainstorming is a creative thinking technique that involves true
4
quickly saying or writing
In a SWOT analysis, strengths and weaknesses are external false
5
factors.
The initial stages of the entrepreneurial process are generating true
new business ideas (i.e. creativity and innovation) and recognizing
6
opportunities that have the potential for exploitation (i.e.
evaluation and selection).