Opportunity Recognition (OR): Definition & Examples

Instructions:

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question 1 of 3

Opportunity recognition is:

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1. Opportunity recognition requires all of these steps EXCEPT:

2. Most opportunities come from one of five places, including all of the following EXCEPT:

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About This Quiz & Worksheet

Assess your comprehension of opportunity recognition with this quiz and worksheet. Among other topics, this convenient multiple-choice quiz requires you to be familiar with the role of opportunity recognition in innovation.

Quiz & Worksheet Goals

You'll be tested on the following:

  • What 'opportunity recognition' means
  • Steps required in opportunity recognition
  • What may or may not be the origin of an opportunity
  • Opportunity recognition in innovation
  • How it's used in continuous process improvement

Skills Practiced

  • Defining key concepts - ensure that you can accurately define main terms, such as 'opportunity recognition'
  • Interpreting information - verify that you can read information about required steps in opportunity recognition and interpret it correctly
  • Making connections - use what you've learned to make connections between opportunity recognition and continuous process improvement

Additional Learning

Explore this topic further by reviewing the lesson titled Opportunity Recognition (OR): Definition & Examples. Here's a snapshot of what it covers:

  • How Amazon and other companies realized opportunities
  • An overview of what's involved in opportunity recognition
  • What businesses must do to stay relevant
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