Some examples from this set of practice questions
1.
What is Intrapreneurship?
Answer: institutional/organizational entrepreneurship (within/internal locus of innovation)
2.
Inductive logic is general principle or theory. True or false?
Answer: False! This is Deductive logic. Inductive logic = specific or information
3.
What is Metacognition?
Answer: awareness and understanding of one’s own thought processes
4.
Self-generated analogies serve 3 primary functions. What are these?
Answer: problem identification, solving and explaining
5.
What is a Breadth-first strategy?
Answer: overarching problem is reduced to several sub-problems and these are tackled a full level at a time
6.
Explain the resource-based view on strategy
Answer: advantage comes from difficult-to-imitate, firm-specific resources and capabilities
7.
Name 3 cognitive strategies
Answer: Imitation Framing Analogical reasoning Abductive reasoning Mental simulation
8.
Define New venture ideation.
Answer: the capability to generate and select new venture ideas. It is a process by which entrepreneurs come to imagine the opportunity for novel ventures.
9.
Explain Creative problem-solving
Answer: any activity during which an individual, team, or organization attempts to produce novel solutions to ill-defined problems.
10.
What is Creative Imaginativeness?
Answer: the cognitive skill to envision something that cannot be or is not currently being observed for the purposes of novel, original, artistic or innovative creation.
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