Entrepreneurship Week 4 Vocabulary

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Across
  1. 3. identifying a problem or opportunity that motivates someone to search for solutions.
  2. 5. organized, step-by-step outline or guide that pulls together the ideas, thoughts, and key steps necessary to help set the stage for entrepreneurial success
  3. 6. developed by Ash Maurya as a derivation of the original business model canvas; this canvas differs by addressing unfair advantages, problems, solutions, and key metrics rather than customer relationships, key partners, key activities, and key resources
  4. 9. process that significantly impacts the market by making a product or service more affordable and/or accessible often by smaller companies in an industry
  5. 11. development of original ideas
  6. 13. means to enact the plan and test for success
  7. 14. new idea, process, or product, or a change to an existing product or process
  8. 15. innovation that modifies an existing product or service
  9. 16. one based on a new technology, a new advancement in the field, and/or an advancement in a related field that leads to the development of a new product
Down
  1. 1. most critical point of adoption, which often occurs at the end of the early adoption phase, before the early majority steps in and truly confirms (or not) the diffusion of an invention
  2. 2. developed by Osterwalder and Pigneur, used to develop a business model for a venture, including nine blocks that are mapped out to address customer segments, customer relationships, channels, revenue streams, value propositions, key partners, key activities, key resources, and cost structure
  3. 4. used for the development of social enterprises; assesses four strategic areas (stakeholder engagement, resource mobilization, knowledge development, and culture management) to address a social problem and provide sustainable social impact)
  4. 7. stage of the creative problem-solving process leading to the detailing and formation of idea generation by the entrepreneur
  5. 8. problem that people have with a product or service that might be addressed by creating a modified version that solves the problem
  6. 10. truly novel product, service, or process that, though based on ideas and products that have come before, represents a leap, a creation truly novel and different
  7. 12. a structure or outlined process that can be used to accomplish entrepreneurial goals through problem solving, idea generation and validation, and brainstorming.