TRUE Entrepreneurs are realistic about risk. Initial public stock offerings offer a way to raise capital through federally registered and underwritten sales of shares in the company. Social capital is a competitive advantage in the form of relationships with other people and the image other people have of you.
Today's large corporations are passive bystanders in the entrepreneurial explosion. Even established companies try to find and pursue new and profitable ideas. Bootlegging refers to official job assignments in which employees work to create new products and processes of their own choosing.
Entrepreneurial orientation is the tendency of an organization to identify and capitalize successfully on opportunities to launch new ventures by entering new or established markets with new or existing goods or services. Ed had many innovative ideas for the company. He became frustrated and left the corporation to pursue his own business.
His new business venture could be considered A. Independent entrepreneurs are individuals who establish a new organization without the benefit of corporate support. Lark recently started her own business. She has nearly recreated a company she worked for when she was in college, except that she has great business acumen and has been able to run the company much more efficiently and thus profitably.
Lark would best be classified as a A. According to Figure 7. In contrast, manager-administrators may be great at ensuring efficient operations but aren't necessarily innovators. When creating a new business one should start with A. Many entrepreneurs and observers say that in contemplating your business, you must start with a great idea. Howard Berke started Konarka Technologies to create solar cells in response to rising oil prices, which is an example of what category of possibilities when spotting opportunities?
Economic dislocations B. Demographic changes C. Lifestyle and taste changes D. Calamities E. Government initiatives and rule changes. Economic dislocations Rising oil prices, which would be considered an economic dislocation, have spurred a variety of developments related to alternative energy or energy efficiency. Laura is interested in running a business and wants to open the same type of store her sister has in another town, a Massage Bliss, a popular new chain.
Laura wants to become a n A. A franchisee is a partner in an entrepreneurial alliance who manages a new store of the same type in a new location according to the terms of the alliance with the franchisor. Which of the following characteristic s contribute s to entrepreneurs' success? Commitment and determination tolerance of risk, ambiguity and uncertainty B. Motivation to excel C.
Leadership D. Opportunity obsession E. All of the above are characteristics that contribute to the entrepreneur's success. Successful entrepreneurs have the following characteristics: commitment and determination, leadership, opportunity obsession, tolerance of risk, ambiguity, and uncertainty, creativity, self-reliance, and ability to adapt, and motivation to excel.
Based upon the Entrepreneurial Strategy Matrix, which of the following products is most likely to have the highest risks and returns? Velcro fasteners B. Tax preparation service C. New pharmaceutical drug D. New restaurant E. Lawn-mowing service. New pharmaceutical drug In the upper-right quadrant in Figure 7. A new drug or a new automobile would likely fall into this category.
The possible risks and returns are highest in the upper right quadrant. Entrepreneurs face failure in which of the following situations? Only the public sector. Only the private sector. Only in less-developed nations. Only in not-for-profits. In any organization. Entrepreneurs succeed or fail in private, public, and not-for-profit sectors, as well as in nations at all stages of development and of all political types. Census Bureau statistics indicate that most start-up businesses with employees are financed through A.
Recent numbers from the Census Bureau say that more than three-fourths of startup companies with employees were financed by entrepreneurs' own assets or assets of their families. The odds of survival of a small business decrease if A. Also, good economic times may make it easier to start a company and to survive. Skunkworks B.
Business incubators C. Spin-offs D. Bootleggings E. Global start-ups. Benefits of business incubators include A. Incubators offer benefits such as low rents and shared costs. Shared staff costs, such as for receptionists and secretaries, avoid the expense of a fulltime employee but still provide convenient access to services. Many entrepreneurs choose to open their own business because they want to "call their own shots. As the business grows, entrepreneurs often hesitate to delegate work they are used to doing.
Leadership deteriorates into micromanagement. IPOs B. Managers; entrepreneurs. Franchisees; managers. Franchisors; franchisees. Entrepreneurs; franchisee. Penelope independently owns and operates Olive Inc. She tends not to manage particularly aggressively and expects moderate sales, profits, and growth. There is a myth that entrepreneurs are essentially. They tend to be. Observers say that in contemplating one's business, one must start with.
Polo Corp. This type of business model is known as the. The side street effect refers to. The subscription model. Which of the following characteristics helps an entrepreneur succeed? Orson Inc. In which quadrant of the entrepreneurial strategy matrix will the venture be placed? Informal efforts, as opposed to official job assignments, in which employees work to create new products and processes of their own choosing and initiative refer to.
Albert works as a technician for a large manufacturer of biomedical equipment. He has discovered a technique to produce composite materials more efficiently. The company encourages its employees to pursue new ideas on company premises. Which of the following does Albert's company support? An organization that resists entrepreneurial initiative. The most dangerous risk in intrapreneurship is that of.
In the context of entrepreneurial orientation, which of the following tendencies occurs when an organization is as willing to commit significant resources and perhaps borrow heavily, to venture into the unknown? Jonah has a new idea to revamp the mail processing at his large company. His boss tells him to go for it and report back on the barriers and efficiencies of his idea.
This approach is called. The tendency of an organization to act in anticipation of future problems and opportunities is. If a company is striking fast to beat competitors to the punch, tackle them head-to-head, and analyze and target competitors' weaknesses, then they are practicing.
The second step in building support for your idea is. When you can offer promises of payoffs from the project in return for support, time, money, and other resources that peers and others contribute, you are participating in. Quizzes you may like. Business Organizations Economics.
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B focus on one very large, innovative project. The group could be referred is developing a new software. Q 89 Q 89 Katie Family members and the board C To excite potential customers from company goals and methods not to proceed E To work out the details of. A to become a franchisee primary reason why many entrepreneurs blessing," and "clearing the investment" Peter Drucker advises them to run the business. Anil has hired trustworthy employees B to gain more control desirability,generally stemming from company goals and methods that are consistent with societal values,is known as. Definition: having fewer than employees, of the following key planning relationships,and most of his acquaintances the stock price necessary to. Q 83 Q 83 Ned judgment of a company's acceptance,appropriateness,and in paint, but it could lower bid for the work than his competitors. E hire the right people. Q 66 Q 66 Aleta. E are restricted by the."Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are steps of: a. Opportunity analysis b. Patent processing c. External. "Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are steps of: Building support for an intrapreneurial idea. Suppose. Horse trading," "making cheerleaders," "getting the blessing," and "clearing the investment" are the steps in A. Opportunity analysis.B. Patent processing.