Which of these business cases is an example of Christensen's Disruptive Innovation?
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Which of these business cases is an example of Christensen's Disruptive Innovation?

  1. A.Uber competing with local taxi services.
  2. B.Digital delivery of music replaced CD's which had replaced tapes which had replaced records.
  3. C.Chevrolet trucks introduced hybrid power systems.
  4. D.PC makers in the 80's introduced floppy disk drives which were cheap but unreliable. Eventually they became more reliable and replaced the large industrial disk drives then in use in busineses.
  5. E.Inexpensive retailers copy designer label clothing.


Which of these business cases is an example of Schumpeter's Creative Destruction?

  1. A. Uber competing with local taxi services.
  2. B.The automobile replaced the horse and carriage.
  3. C.Chevrolet trucks introduced hybrid power systems.
  4. D.Steel mini-mills began to make cheap rebar steel and then got better and better at more expensive steels -taking business from the big mills.
  5. E.Inexpensive retailers copy designer label clothing


If someone starts a new landscaping business, that type of business it is most often called:

  1. A.Corporate Enterprise
  2. B.Salary Substitute Firm
  3. C.Life Style Firm
  4. D.Entrepreneurial firm

A pivot refers to

A.A change in the direction of the new venture after learning something new from customers.

B.Changing the leadership of the new venture after it has demonstrated initial success.

C.Redirecting investors early stage funding into acquiring new inventory when the product is selling well.

D.Patchwork Quilt in effectual entrepreneurship -which means turning to partners to do a key function for a new venture.


Which of the following is true and NOT one of the common MYTHS about entrepreneurs?

  1. A.entrepreneurs are born, not made
  2. B.entrepreneurs are risk takers
  3. C.entrepreneurs should be young and energetic
  4. D.entrepreneurs love the spotlight
  5. E.entrepreneurs are passionate about their business


Harish Hande founded SELCO to sell solar power lights and other things to villagers in India This is an example of

  1. A.Corporate Entrepreneurship
  2. B.Family Entrepreneurship
  3. C.Social Entrepreneurship
  4. D.Non-Profit charitable work


Which of these statements is not very true for the Uber case?

  1. A.Uber has been uniformly well received by the city governments where they operate
  2. B.Uber competes rather directly with taxi services in places they operate.
  3. C.Uber drivers are not necessarily required to be specially licensed.
  4. D.Uber is an example of business model innovation.
  5. E.Uber drivers rate their passengers.


Which of these is NOT true of Privo Technologies

A.It won a MIT $100k Challenge prize

B.It had to pivot to a new product and market as seen in its business model canvas

C.It was founded by a UML graduate

D.It focused on creating new solar energy systems


Wise and Feld refer to the Democratization of Startups because

A.anyone can do a startup these days.

B.The cost to launch startups in many areas has decreased dramatically due to tools like cloud computing and other services.

C.The rate of entrepreneurship is very high in essentially all countries.

D.Entrepreneurs are a very diverse group.

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