University of Florida Entrepreneurship Questions make changes for the answers ……………………………………………………………………………………………………………………… 3. Identify and briefly d

University of Florida Entrepreneurship Questions make changes for the answers ……………………………………………………………………………………………………………………… 3. Identify and briefly describe two of the five principles of effectuation we discussed in
class (1-2 sentences each: 5 points).
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4. In William Baumol’s manuscript, Entrepreneurship: Productive, Unproductive, and
Destructive, he mentions the five types of innovation introduced in the famous
economist Joseph Schumpeter’s 1942 work Capitalism, Socialism, and Democracy. We
discussed these in class in the context of “creative destruction”. Select two of these types
of innovation and briefly discuss how entrepreneurs disrupt economic equilibrium
through those innovations. You may provide a brief example if it helps illustrate your
point (10 points).
< enew 1) The introduction of service or idea. Creuting something nen that may mate people's life easier or better, like cars, made transport much easier and faster. zdtear Creating Room 27 Creating new raw material. Anexample to this Corn methangal and how cups are using this alternative method. ? a is ok ? ? T How do these nilions disrupt Exam 1 - Part B There are a total of 35 points available in this section, worth a total of 30 points (so yes, you can potentially earn a 35/30). Please keep your answers as short and succinct as possible. 1. According to the text, A Technique for Producing Ideas, there are 5 steps to the art of producing ideas”. Identify and briefly describe the steps, including any sub-steps. (10 points) 1) the gathering of Raw material Collecting what you can know or currently have. 2) The working overs of these material in your mind. Brainstorming your ideas and thoughts. 3) The incubation stage. 4) The birth of and know all about it. an idea. when you studied your iden. Feedback 15. The shaping and development of theiden and melling it useful 2. In William Baumol's manuscript, Entrepreneurship: Productive, Unproductive, and Destructive, we read about and discussed a number of civilizations throughout history, and different innovations that emerged from the configuration of the "rules of the game” in those societies. Choose one civilization you found interesting and discuss how the rules of the game encouraged the production of a particular innovation in that society (4-5 sentences; 10 points). One End Cirilization I found interesting was the medievil chinese e civilization and how innovation helped them to create Paper. I found this interesting because paper is probably one of the most famous inventations up to date it helped messages to be sent in clear mutter. rules of the game ? as 5 Purchase answer to see full attachment