Deck 15: Entrepreneurial Leadership

Question 1

______ is the creation of a new method, device, or process.

A) Influence
B) Invention
C) Ideation
D) Iteration

Answer 1

B

Question 2

______ occurs when entrepreneurs become aware of a problem, dissatisfaction, or gap in current offerings that they find interesting and believe themselves capable of solving.

A) Collaboration
B) Impact modeling
C) Opportunity recognition
D) Incubation

Answer 2

C

Question 3

Mere ______ is not sufficient enough for entrepreneurship. Rather the new creation must provide value to a customer or beneficiary by helping them solve a problem or address an unmet need.

A) confidence
B) care
C) effectuation
D) invention

Answer 3

D

Question 4

Which of the following is an example of a fixed mindset as opposed to a growth mindset?

A) I never seem to be able to keep my notes organized.
B) In past arguments, I've felt like you didn't listen to me.
C) Well, it's not a priority for me to learn right now.
D) I feel really dissatisfied with all of the art I've tried to produce.

Question 5

______ is an organizational disorder characterized by overreliance on charisma, involvement and decisions of one or more founding members in place of mindful, collaborative, and strategic management and leadership.

A) Wicked problem
B) Convergent thinking
C) Founder's syndrome
D) Heuristic problem

Question 6

Encompassing new ideas for social ventures to address chronic societal problems such as environmental degradation, poverty and access to health care, education, and clean water is an aspect of ______.

A) social entrepreneurship
B) service learning
C) shared leadership
D) spiritual capital

Question 7

The moment any endeavor begins to develop an idea, other individuals become involved. At that point you are trying to facilitate a process of influencing others toward a common ______.

A) motivation
B) business model
C) mental model
D) vision

Question 8

______ pursuit occurs when an entrepreneur decides to take action.

A) Character
B) Dispositional
C) Emotional
D) Opportunity

Question 9

______ comprises entrepreneurial behaviors within an existing organization, such as risk-taking and generating ideas for new products and services to be developed as companies seeking to remain competitive or grow revenues and profitability.

A) Community engagement
B) Ecocycle framework
C) Intrinsic motivation
D) Intrapreneurship

Question 10

______ comprises a unique set of concepts, mindsets, and activities used by leaders to identify opportunities, deepen understanding, and initiate and develop innovation.

A) Appreciative inquiry
B) Entrepreneurial leadership
C) Human capital management
D) Leadership capacity

Question 11

Leaders who spot value, translate that value, develop it, and then put the ideas into action to realize greater value for their organization and beyond are practicing ______.

A) intrinsic motivation
B) systems thinking
C) situational leadership
D) entrepreneurial leadership

Question 12

A ______ is a state of mind wherein you believe that you can acquire and develop new abilities, and that your capacity is only limited by your effort.

A) fixed mindset
B) decision-action gap
C) mental model
D) growth mindset

Question 13

______ originates from the French verb entreprendre, which means to undertake or do something.

A) Intrepid
B) Entrepreneurship
C) Expedience
D) Endeavor

Question 14

______ is the process of pursuing opportunity through the conception, validation, and launch of new ideas into the marketplace.

A) Entrepreneurship
B) Incubation
C) Management
D) Effectuation

Question 15

A ______ is a state of mind wherein you see your abilities and capacity as a change agent as set traits--they are what they are.

A) growth mindset
B) fixed mindset
C) double-bind
D) crucible (of leadership)

Question 16

The conception, validation, and launch of new ideas require a broad and diverse skill set as well as a strong leadership ______.

A) CORE
B) model
C) mission statement
D) digital competence

Question 17

______ leaders are individuals who, through an understanding of themselves and the contexts in which they work, act on and shape opportunities that create value for their organizations, their stakeholders, and the wider society.

A) Servant
B) Entrepreneurial
C) Situational
D) Transactional

Question 18

______ is the process of utilizing the marketplace to solve social problems (generally wicked social problems) in a novel manner.

A) Design thinking
B) Social entrepreneurship
C) Mindfulness
D) Process mapping

Question 19

An ______ is a new method, device, or process that is useful to people and is developed and delivered into the marketplace through the process of entrepreneurship.

A) innovation
B) artifact
C) essence
D) effectuation

Question 20

Which of the following is an example of a growth mindset as opposed to a fixed mindset?

A) He can be really obnoxious sometimes.
B) I'm usually off in my own headspace.
C) Math has been challenging for me.
D) This subject makes me really anxious.

Question 21

Having a strong and clear ______, will keep yourself on track and bring people together around a shared vision as well as keeping your team on track while you execute the entrepreneurial process.

A) career path
B) purpose
C) skill
D) system

Question 22

As an ______ leader, you need to seek out and maximize moments of awareness and raise that awareness to opportunities.

A) entrepreneurial
B) authentic
C) intrinsic
D) emotional

Question 23

A ______ represents the rationale for how a policy, program, project, or social venture creates value for beneficiaries, delivers the value to beneficiaries, and sustains its impact over time.

A) business model
B) vertical operational model
C) social impact model
D) lateral organizational model

Question 24

______ is a type of reasoning characterized by first setting a goal and then considering the means through which the goal can be accomplished.
A. Effectuation
B. Causal reasoning
C. Deductive reasoning
D. Ideation

Question 25

______ is the mental process of forming ideas.
A. Ideation
B. Inference
C. Effectuation
D. Metacognition

Question 26

______ explains the movements and cycles in organizational systems, often used in planning and leading and comprising four main phases (birth, maturity, creative destruction, and renewal) cycling in an infinite loop.

A) Change fatigue
B) Ecocycle framework
C) Biomimicry
D) Design process

Question 27

A ______ is a tool that illustrates the nine key business components: (1) key partners, (2) key activities, (3) key resources, (4) value proposition, (5) customer relationships, (6) channels, (7) customer segments, (8) cost structure, and (9) revenue.

A) social impact model
B) vertical operational model
C) code of ethics
D) business model canvas

Question 28

______ is a type of reasoning that starts with one's given resources that subsequently forge goals as the resources are applied.
A. Causal reasoning
B. Inductive reasoning
C. Ideation
D. Effectuation

Question 29

______ are cycles that are natural to the evolution of living systems that occur at all levels of scale.

A) Biomimicry
B) Agricultural cycles
C) Founder's syndrome
D) Adaptive cycles

Question 30

The ______ is a series of dispositions or mental habits that drive the process of pursuing opportunity through the conception, validation, and launch of new ideas into the marketplace.

A) mental model
B) lateral organizational model
C) reflective dimension
D) entrepreneurial mindset

Question 31

The ______ cycle of the adaptive cycle looks like an infinity loop and includes the phases of exploitation, conservation, release, and reorganization.

A) adhocracy
B) market
C) panarchy
D) clan

Question 32

One of your managers is resistant to using recognition for her workers because "everyone can't get a trophy" and she does not want to "coddle" her workers. You find some research that points to the value of recognition not just in increasing worker satisfaction, but in increasing productivity as well. This research helps your manager to see the benefit to her and the team by improving her recognition skills and practices. What was this an example of?

A) causal reasoning
B) customer discovery interviewing
C) change fatigue
D) evidence-based decision-making

Question 33

______ is a general term for describing the decomposition of a new idea into constituent elements that are relevant to its viability.

A) Calculated risk-taking
B) Wicked problem
C) Impact modeling
D) Change fatigue

Question 34

______ is changing an aspect of your idea, solution, or approach (or starting over) to reduce risk based on evidence and testing assumptions.

A) Divergent
B) Causal reasoning
C) Pivot
D) Storming

Question 35

A ______ represents a company's rationale for how it creates value for customers, delivers its products to them, and captures value to make a profit.

A) code of ethics
B) business model
C) large-scale change
D) social impact model

Question 36

______ means that decisions are researched and made based on collected data, rather than relying on your experience and expertise, personal observations, advice, hopes, or hunches.

A) Evidence-based decision-making
B) Causal reasoning
C) Appreciative inquiry
D) Customer discovery interviewing

Question 37

The single most valuable resource for an entrepreneur is ______. Having a mental bias toward action and reflection enables them to efficiently allocate this resource while executing a continuous series of dream, do, learn, and repeat loops.

A) time
B) money
C) collaborators
D) sponsors

Question 38

______ are the deep patterns that occur in transformational cycles all human and natural systems go through.

A) Panarchy
B) Adhocracy
C) Clan
D) Hierarchy

Question 39

______ love to encounter people who have problems because they know that their complaints, frustrations, and pains represent opportunities to make a positive impact.

A) Authority figures
B) Heroes
C) Freelance workers
D) Entrepreneurs

Question 40

A chef receives peppers instead of cucumbers in his food order, which was needed for a special salad. Which of the following examples is a way in which that problem is reframed as an opportunity?

A) The chef decides to take the special salad off of his menu.
B) The chef creates a new special salad involving peppers.
C) The chef calls and complains about the shipment of peppers and does not work with that delivery service again.
D) The chef quits in exasperation that things do not go his way.

Question 41

The ______ involves using a structured interview script to qualify an interviewee as a member of your assumed target segment and elicit beliefs and experiences relevant to the problem you are trying to solve and the solution you are working to develop.

A) appreciative inquiry
B) constructive dimension
C) customer discovery interview
D) mental model

Question 42

The ______ must maintain flexibility and persistence in response to a roller coaster of excitement, rejection, and uncertainty as well as possess the passion and optimism needed to persist through difficult times and the capacity to continuously reprioritize and rapidly adapt based on learning.

A) founder
B) chief executive
C) innovator
D) team builder

Question 43

A ______ is the smallest, simplest thing you can build that conveys the product's value proposition to customers (and potentially captures value back).

A) pivot
B) service
C) benchmark
D) minimum value product

Question 44

The ______'s role as an entrepreneurial leader is to translate the vision into a series of testable impact model assumptions, prioritize and conduct tests, and iterate as needed until a viable model is identified or the project is terminated.

A) innovator
B) team builder
C) chief executive
D) founder

Question 45

What are the four important distinguishing features that have been added to the concept of entrepreneurship?

Question 46

Being growth oriented, willing to make personal sacrifices to advance a shared purpose, and capable of influencing others are essential characteristics for ______.

A) followers
B) innovators
C) chief executives
D) team builders

Question 47

The pursuit of opportunity involves three major collections of activities corresponding to the conception, validation, and launch of new ideas. Validation-related activities include . . . what? Name two of the three.

Question 48

Customer discovery interviewing and prototyping minimum viable products are two examples of what?

A) rational persuasion
B) lean startup method
C) minimum viable product
D) incremental change

Question 49

Some components that are unique to the ______ canvas include type of intervention, key points of resistance, intended societal impact, and potential unintended consequences.

A) vertical operational model
B) lateral organizational
C) business model
D) social impact model

Question 50

The ______'s role as an entrepreneurial leader involves seeing opportunity and utilizing creativity to conceive of a new idea that has the potential to disrupt the status quo.

A) innovator
B) chief executive
C) founder
D) team builder

Question 51

The pursuit of opportunity involves three major collections of activities corresponding to the conception, validation, and launch of new ideas. Launch-related activities include . . . what? Name two of the three.

Question 52

The ______'s role as an entrepreneurial leader focuses most heavily on effective leadership activities as well as recruiting new personnel, and communicating a purpose that will align everyone's activities, and make all team members feel as if they are part of something important and larger than themselves.

A) team builder
B) innovator
C) founder
D) chief executive

Question 53

______ refers to an approach to organizational development that engages flexible, rapid methods to test and revise products and services before heavily investing.

A) Lean
B) Pivot
C) Satisficing
D) Ideation

Question 54

The ______ must guide the development of rigid policies and processes to extract inefficiencies from existing products as well as encourage ongoing experimentation to explore and pursue new opportunities.

A) innovator
B) chief executive
C) founder
D) team builder

Question 55

Characteristics pertaining to mental agility, efficiency, and management are essential for ______.

A) chief executives
B) team builders
C) innovators
D) founders

Question 56

The pursuit of opportunity involves three major collections of activities corresponding to the conception, validation, and launch of new ideas. Conception-related activities include . . . what? Name two of the four.

Question 57

Seth Goldman, cofounder of Honest Tea noticed a gap in the market for iced tea that was not heavily sweetened and decided to develop a new lightly sweetened formulation to pursue this opportunity. What is this pursuit an example of involving entrepreneurship?

Question 58

Different variations of ______ provide evidence from customers that allow you to iterate based on evidence before spending the time and money needed to actually develop a marketable version of your product or service.

A) minimum viable products
B) artifacts
C) habits
D) human capital management

Question 59

The ______'s role as an entrepreneurial leader becomes responsible for setting strategic direction and accountable for the overall performance/impact of the business, social enterprise, project, or program.

A) team builder
B) innovator
C) founder
D) chief executive

Question 60

An important part of the founder's role involves developing and communicating a compelling ______ for the unique value that will be provided by the new idea. It needs to articulate who will benefit, how they will benefit, why it matters, and why the benefits should be expected to greatly outweigh any potential risks.

A) mission statement
B) vision
C) motivation
D) innovation

Question 61

What are the four phases in an ecocycle framework that cycle in an infinite loop?

Question 62

What are four of the eight user-centered data collection techniques that can guide your exploration of opportunities?

Question 63

With regard to the entrepreneurial mindset, someone who employs the "sees differently" disposition will do what when encountering problems.

Question 64

What is the difference between a fixed mindset and a growth mindset?

Question 65

With regard to the entrepreneurial mindset, someone who employs the "sees it through" disposition will do what when encountering problems?

Question 66

What are three of the six general approaches to explore opportunities?

Question 67

In the business model canvas, there are nine key business components. What are four of them?

Question 68

Entrepreneurs see more opportunities, and they see more ways to take advantage of those opportunities using two mental habits. What are those two mental habits?

Question 69

In regard to the entrepreneurial mindset, the ______ will lead you to new skills, new knowledge, and new areas of expertise, while the ______ will leave you about where you started--with little skill in the task at hand and little confidence in your abilities.

Question 70

With regard to the entrepreneurial mindset, someone who employs the "sees it started" disposition will do what when encountering problems?

Question 71

A distinction between two types of reasoning can be illustrated with the example of a chef getting ready to prepare dinner. Using ______ would have the chef deciding what they wanted to eat and using a recipe to cook it, while using ______ would have them look at what ingredients they have around and then figure out how to use those ingredients to make something to eat.

Question 72

What are the four roles that entrepreneurial leaders play as they execute the entrepreneurial process by conceiving, validating, and launching new ideas into the marketplace?

Question 73

With regard to the entrepreneurial mindset, someone who sees more opportunity is . . .? (List the three dispositions or mental habits.)

Question 74

The panarchy model of an adaptive cycle includes four phases. What are those phases?

Question 75

With regard to the entrepreneurial mindset, someone who sees more answers has . . .? (List the three dispositions or mental habits.)