1) What does the acronym SCAMPER stand for? How does it help entrepreneurs identify new opportunities? LO: 04-03 - Understand how creativity methods can help business owners recognize new opportunities.

2) There are two ways to think about opportunities and business creation. One is the effectuation model of entrepreneurship mentioned in Chapter One. With this model, you start with what you haveyour skills, knowledge, networks, and what needs you see that you can meet by using what you have. The second approach is called the causal model of entrepreneurship. Define this model and contrast it with the previous effectuation model of entrepreneurship. LO: 04-02 - Recognize the sources of opportunity entrepreneurs draw on to get business ideas.

Also, read one of your peers' answers and comment on her or his work. This assignment is worth 30 points. Your response to a peer's work is worth 15 points and your own answers to the two questions are worth 7.5 points each. So the total points for this assignment are 30 points. I included the learning objective of each question.