Define the term intentional iteration and explain why it is important.
What will be an ideal response?
Intentional iteration is the process of prototyping, testing, analyzing, and refinement. The process understands that learning occurs in steps and excellence is a process. It preconditions the entrepreneur to learn from each attempt and, rather than look at the steps as failure, the steps are progressive toward a better service or product. Because intentional iteration is planned, there is an expectation that the results will be reviewed so as to assure a quick pivot and adjustment.
You might also like to view...
Greentech is launching a line of miniature solar chargers for laptops, cellphones, and other electronic devices. The chargers are compact, affordable and the green energy technology is a value-added benefit for both the company and consumers
Which of the following would qualify as an advertisement for Greentech's new solar chargers? A) a front-page notice of the release of Greentech's solar chargers in all leading newspapers B) a press conference to discuss the various benefits, including environmental feature C) the use of dedicated sales personnel to explain the qualities of the new solar chargers to retailers D) an endorsement by a national environmental organization to tout the benefits of the new solar chargers E) an online lottery where interested buyers have a chance to win a prize
What is the type of change that typically requires new skills, capabilities, and significant new resources?
a. reactive b. proactive c. incremental d. discontinuous
Discuss the treatment of expenditures as assets versus immediate expenses
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $27,900; Supplies, $900; Equipment, $8500; Accounts Payable, $7300. What is the amount of equity as of August 31 of the current year?
A. $13,000. B. $29,100. C. $11,200. D. $30,000. E. $28,200.