ENTR404 : Midterm Revision Exam

[Topic 1 Part 1] According to the 'Digital Entrepreneurship Scoreboard 2015', there are five pillars that can foster digital entrepreneurship, one of which is the Digital Entrepreneurial Mindset.

[Topic 1 Part 1] Shane and Venkataraman (2000) describe an entrepreneur as someone who engages in the process of discovering, evaluating and exploiting opportunities that lead to cost reduction.

[Topic 1 Part 1] In the cognitive psychology literature, a mindset represents the cognitive processes activated in response to a given task.

[Topic 1 Part 1] When new information is consistent with an entrepreneur's current mindset, the entrepreneur must either reject that information or change their mindset.

[Topic 1 Part 1] When an individual's cognitive filters are more hidden and subconscious, the individual is less likely to adapt their mindset.

[Topic 1 Part 1] According to Pinchot (1985), being entrepreneurial is the defining characteristic of an entrepreneur whose resources are greater than their dreams.

[Topic 1 Part 2] A digital entrepreneurial mindset (DEM) is defined as the inclination and ability to discover, evaluate and exploit opportunities while adopting digital technologies more quickly than a regular entrepreneur.

[Topic 1 Part 2] The Digital Maturity Model was developed in 2019 by Deloitte and MIT Sloan Management Review, based on a multi-annual survey of more than 3,500 executives and managers.

[Topic 1 Part 2] In the stage-gate process used to evaluate a digital opportunity, the entrepreneur pursues the opportunity if it passes the majority of the gates.

[Topic 1 Part 2] In the Digital Maturity Model, leadership and governance are described as the essential aspects of the technology dimension.

[Topic 1 Part 1] Which of the following is NOT one of the five pillars of the 'Digital Entrepreneurship Scoreboard 2015'?

[Topic 1 Part 1] Which of the following are described as the three standard dimensions of entrepreneurial behaviour?

[Topic 1 Part 1] Salman, a young founder, tells his team: 'When I fail, I learn, and my effort and attitude determine everything.' Which mindset does Salman display?

[Topic 1 Part 1] Ali has always believed that his customers prefer shopping in physical stores. He receives new market data that is novel and inconsistent with this belief. According to the notes, what are Ali's two possible responses?

[Topic 1 Part 1] In the organisational theory literature, the concept of mindset is quite often discussed in tandem with which of the following?

[Topic 1 Part 1] A manufacturing company moves from a traditional linear model of supply, manufacturing and distribution to a networked model where all data is stored in clouds and accessible to the whole value chain. Which opportunity do the notes link to this shift?

[Topic 1 Part 1] Which of the following is one of the main characteristics of a digital company?

[Topic 1 Part 2] A Bahraini founder studies how people in Manama currently solve their transport needs and, from the customers' perspective, how digitising existing services could meet those needs better. Which step of the opportunity process is this?

[Topic 1 Part 2] Which statement best reflects how the notes describe a digital entrepreneurial mindset (DEM)?

[Topic 1 Part 2] After passing all evaluation gates, a founder invests in building an efficient business system in order to receive returns from a new digital service. Which step is the founder now in?

[Topic 1 Part 2] A coffee chain uses its mobile app and rewards programme to collect customer insights, then decides which products to offer, how to customise them and where to give discounts. Which DEM business activity is this?

[Topic 1 Part 2] A company that used to sell its own products changes its model to an app that connects independent drivers with riders, creating and capturing value in a new way. Which DEM business activity does this represent?

[Topic 1 Part 2] A Manama trading firm moves all its business information to a hosted server so that employees, customers and third parties can collaborate online, and the firm can upscale or downscale easily. Which DEM business activity is this?

[Topic 1 Part 2] In the Digital Maturity Model, which dimension refers to issues such as agile change management and real-time analytics?

[Topic 1 Part 2] A consultant assessing a firm's digital maturity reviews its network, security and applications. Which dimension of the Digital Maturity Model is being assessed?

[Topic 1 Part 1] Compare the growth mindset and the fixed mindset. Define each, give at least four contrasting statements, and explain what the notes say about changing one's mindset.

[Topic 1 Part 1] List the four main characteristics of a digital company and the five pillars that can foster digital entrepreneurship according to the 'Digital Entrepreneurship Scoreboard 2015'.

[Topic 1 Part 1] Define and explain the concept of mindset from the two literatures covered in the notes, and explain how an individual's current mindset guides the way they handle new information.

[Topic 1 Part 2] Define the digital entrepreneurial mindset (DEM) and explain the three-step process of discovering, evaluating and exploiting digital opportunities.

[Topic 1 Part 2] Explain the Digital Maturity Model. State who developed it and when, define digital maturity, and discuss its five business dimensions.

[Topic 1 Part 1] Identify the type of mindset shown by Hamad and the type shown by Layla. Support your answer with evidence from the case.

[Topic 1 Part 2] At which step of the digital opportunity process is Layla currently working on the app idea? Justify your answer using the case details, and name the evaluation technique she is applying.

[Topic 1 Part 2] Layla's plan includes a loyalty app that records customer purchases and a shared cloud server for branch records. Identify the DEM business activity that each element represents and explain one benefit of each for Bait Al Khubz.