OL320S First 2 topics

2. is a noteworthy or significant event (1,000th customer, 1st mil.)
6. The process by which new products and technologies deveoped by entrepreneurs over time make current products and technologies obsolete;stimulus of economic activity
8. name of event - prompts an individual to become an entrepreneur
11. short overview of the entire business plan; it provides the reader with everything s/he needs to know about the new venture's distinctive nature.
12. a firm's plan for how it competes, uses its resources structures its relationships, interfaces with customers, and creates value to sustain itself on the basis of the profits it generates
13. phrase that a business plans to use to reinforce its position in the marketplace

1. in the JTBD article was mentioned as the source of apprehension by retirees to move
3. the ability to fashion a solid business idea into a viable business and is a key characteristic of successful entrepreneurs
4. type of prototype - is a representation of what the service would be like and how it will be experienced by the customer
5. panel of individuals - elected by a corporation's shareholders to oversee the management of the firm
7. leading theorist of disruptive innovation
9. introduced Schlepp Blindedness
10. term - companies already competing in the industry and serve existing customers