FTM 310 Test 1
Which of the following businesses was Justin Parer not involved with?
-A VCR reselling business -A start-up tech business
What are some interesting aspects of the Entrepreneurship Garage?
-All IP created is owned 100% by students -It is open 24/7
What are some of the companies that started in the Entrepreneurship Garage?
-BetaBox -FilterEasy -Frill -Bee Downtown -Undercover Colors
What are the titles Dr. Tom Miller has at NC State?
-Electrical and Computer Engineering faculty member -Senior Vice Provost for Academic Outreach and Entrepreneurship -Head of DELTA -Head of the Entrepreneurship Garage -Head of the Student Entrepreneurship program
What are some examples of social entrepreneurship companies?
-Toms -One Stitch Closer -Even -Walk your city -Light
Some of the strategies Robert Mondavi used to produce his wines included
-created process innovations such as steel fermentation tanks, vacuum cooking of bottles, and aging of wines in new French oak barrels. -developed new technologies that allowed special handling of grapes and cold fermentation of white wines. -assembled experts in the fields of viticulture and wine making to give advice on new wines. -building a state-of-the-art winery using where the best practices in the industry were used.
Robert Mondavi started Robert Mondavi Winery because
-of a severe family dispute over control of the family winery -he wanted to be the first in California to produce and market premium wines to compete with those from France, Spain and Italy
What was the primary reason Sama thought of creating her designed footwear business? What were some of the reasons of failure of Sama's business?
1.The designs were not protected and got copied 2.Not enough promoting 3.Not focus enough
What was the NC State Entrepreneurship program ranked this past year by the Princeton Review?
11
How many UN sustainable development goals are there?
17
How should we think about social entrepreneurship problems?
As upstream as possible
What is bricolage?
Bricolage is typically known as the making of a whole from many various parts.
Effectuation is the way some experts think. What is effectuation?
Effectuation is the way some individuals are minded in terms of decision processing; it allows many professionals and entrepreneurs the opportunity to make the best decisions in an uncertain situation.
How much does it cost to be a member of the NC State Entrepreneurship Garage?
Free
What was one of the unusual ways Robert Mondavi marketed his premium wines?
He traveled around the country offering restaurant employees the chance to the chance to taste his wines
After Justin Parer's pizza truck business failed, what did he do?
He went back to school
What is one specific skill that Nick Sailer said every entrepreneur should master?
Learn how to sell
What has Nick not spent much money on and why hasn't he?
Marketing; he utilizes his network
What company(s) has Nick Sailer been involved with?
Praxis, Praxis Coalition, Betabox
What does Praxis do?
Storytelling, strategy, design
Joe started working as a DJ when he was how old?
around 13
What business, as far as we know, did Joe Bunn not try?
dog walking
Elizabeth Benefield encourages us to fall in love with the _________, not the _________.
problem, solution
What helpful resource did Nick Sailer utilize while at NC State?
the Garage
DJ Joe Bunn is quite successful now. He has about 15 DJs working for him doing around 600 events each year. Where does the majority of his revenue come from now?
weddings