The Art of Innovation
13 important questions on The Art of Innovation
What are the various Methods of Researching a Business Opportunity?
- Analogs
- Technology confluence/intersection
- Points of pain
- The Like
What are the various ways to generate business ideas?
- Develop ideas as an extension or redesign an existing service
- Resegment and create an improved service
- Redifferentiate and market the product at lower price
- Add value to an existing product or service
- Develop or redesign a new version of an existing product
What is the five-step model that help Entrepreneurs know a winning business area(Opportunity)?
- Seize the Opportunity
- Investigate the Need through Market Research
- Develop the Plan
- Determine the Resources needed
- Manage the business
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
For my 1st exam I got a C. Then, I started looking for ways to learn better and I came across Study Smart. Since then I have scored a A+, A, A- and another A. I highly recommend it to everyone who wants to hear it. I am so happy with it!!
I was struggling to finish all my first-year subjects for 3 years. Then I discovered Study Smart, which helped me to finish all of them within 3 months.
Because of StudySmart, things are going well in many ways. Before, I always had study stress and no time for anything. Now I feel calm and confident (because of the program). I used to score a B, now I usually score an A or A+.
Hey Chris, I really want to thank you very much for developing the platform, I usually got around C for my exams, now I scored an A+, an A and a A- !!
Since using Study Smart, my average has increased significantly. I even completed a statistics course with a A+ while I'm bad at statistics. I took on extra courses this year, because of Study Smart. Thanks so much!
Ever since I started studying with StudySmart I passed all my exams !!! No more re-sits!! At first, I was happy with a pass and now I only get good grades. Many thanks!
I aced all the courses I studied with Study Smart. For law, I first scored a D, and now an A! I’m 100% sure that I’ll pass all the courses I study with Study Smart.
I always thought I studied well. My grades were fine. I could never have imagined that applying these study skills would have such a huge and direct impact on my grades, my speed and the pleasure I have in learning.
For the first time, I finally feel totally confident about the way I learn. I have the perfect overview and make great progress in terms of speed and the grades I get. Thanks, Chris!
I immediately started to enjoy learning again, and my grades soared. All of a sudden, everything went better. I highly recommend Study Smart to all students..
Being able to create my materials online made the process of studying so much smoother and quicker. I no longer have to spend a huge amount of my time on creating my summaries.
At first, my notes were a mess. Now I use Study Smart to take my notes in a perfectly structured way. It helps me to save a lot of time and do other things I enjoy.
Students that study with Study Smart get better grades. The system applies all the learning methods in such a way that both well-performing students and students who struggle perform much better.
Hi Chris, I would like to thank you very much. Last year I scored C on a course, and this year I got an A+ thanks to your method! Thank you very much!
The largest effect is that my child is more enthusiastic about school! Every parent wants their children to be happy at school, Study Smart made it happen.
In high school, I failed several exams, and that has really changed now. I actually needed this tool very much back then. Since I started studying with StudySmart, I haven't had any D's. My average score is now an A and those are results I would have never had in the past
With my old method, I passed only 3 out of 8 courses. Since I started taking my notes digitally in Study Smart, I have passed all my courses on the first try. For me, StudySmart takes away the stress of wondering if I will pass or not.
Thanks to StudySmart, I passed all my exams, and with better grades than before! On top of that, I have mastered a very good study method now, which I am confident will help me earn my degree.
What must be done in the Phase 1: Seize the opportunity?
- Know what the Factors create Opportunity
- Calculate the Opportunity Costs
- Access the Risks and Rewards
What are the Factors that Create Opportunity?
- Technology factors
- Economic factors
- Demographic factors
What must be done in the Phase 2: Investigate the Need through Market Research?
- Ask prelimanary questions
- Prepare data collection
- Execute a study to get answers
What are the Sources for finding answers for the Preliminary questions?
- Experts in the field
- Internet searches
- Library research
- Questionnaires/surveys
- Existing research
- Trade associations
- Market research firms
What will a good Business Plan do?
- Determine the viability of the business and application in selected markets.
- Provide guidance in planning and organizing the activities and goals.
- Serve as a vehicle to obtain financing and personnel for the business.
What are the three Critical Junctures that the Business Plan guides?
- It simplifies decision making during times of crisis.
- It is the roadmap at points of indecision.
- It is a motivational guide during setbacks or downturns.
What are the Aspects of assessing Resource capabilities in Phase 4: Determine the Resources needed ?
- Personal contacts and networking
- Financing requirements
- Sources of technical skills
What two Events involves in Phase 5: Manage the business?
- Deliver a total Solution
- Culivate advanced Resources
What are the Categories that the Framework evaluates?
- Market issues
- Financial and Harvest issues
- Competitive advantage issues
- Management team and Risk issues
Describe the Evaluation Screening process.
- Is the service, product, or idea unique to get a head start on the competition?
- Does the service or product represent a breakthrough ?
- Is the field changing so slowly that the innovation will be valuable for at least ten years?
- Have other, less expensive but adequate protective measures been explored?
- Has an attorney discussed the options an d recommended that a patent be pursued?
- I s it fee for a patent search and application affordable?
Try our study magic for free
a PDF, study it super fast
- No sign up, email or credit card needed!
- AI makes unlimited flashcards
- Get unlimited quizzes and tests
- Ask AI anything
- No sign up, email or credit card needed!
- Have and keep perfect overview
- Make flashcards, notes and mind maps
- Review, test and score!
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
