Exam (elaborations)
ESB V2 QUESTIONS WITH ACCURATE ANSWERS
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Exam of 3 pages for the course esb at esb (ESB V2)
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ESB V2business life cycle stages - answer Every student Should take Reading PE and
English
existance - answer get business up and running
survival - answer start to add new customers, you are making a profit
success - answer Looking for ways to continue to grow the business
take off - answer Owner must decides how they can grow their company may want
or may choose to sell the company
Resource Maturity - answer owner has separated financially
Pivot or persist - answer are there more opportunities using the same strategy or
should you make changes and go another direction
exit plan - answer When an owner may choose to sell their company
The Design thinking process learning - answer every day I post things
empathize - answer learn about the customers challenges. Spend time with
customers to see their needs.
define - answer analyze the information gathered during the empathize stage.
Ideate - answer develop many solution ideas and narrow down the best solutions.
prototype - answer create multiple inexpensive product versions
test - answer test the product and make any changes needed before releasing it to
customer.
self-reliance - answer trusting oneself, your goals and your progress. You can't
depend on anyone else you are responsible for the success of your business.
forward-thinking - answer think about and preparing for the future.
opportunity recognition - answer The way you approach new ideas
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