Video Worksheet 2 Introduction to Entrepreneurship
6/01/23
Video Worksheet 2: Introduction to Entrepreneurship Name:_______________________
Objective: What is innovation and entrepreneurship and why are they important to society?
Economies are complex systems full of producers and consumers. Producers own businesses and try to satisfy the wants and needs of their customers. Consumers make decisions on which products/services will make them happiest and bring the most value to their lives.
Entrepreneur–A person who starts a business where they share their new product or service, take on personal risk, and try to improve people's lives.
Innovators–People who develop an improved product or service to fulfill a consumer need or want.
Pain Point–A market opportunity coming from needs that are not being fulfilled, problems that remain unsolved, and things that do not work.
After-watching debrief:
- What is the difference between innovation and entrepreneurship?
- Can someone be an entrepreneur without being an innovator? Provide reasoning to support your answer.
- Give examples of pain points mentioned in the video and the corresponding solutions or business opportunities that were created.
- Discuss the significance of identifying pain points in the process of innovation and entrepreneurship.
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