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Exam 7: Entrepreneurship

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Question 41

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The most dangerous risk in intrapreneurship is that of

A) spreading intrapreneurial efforts over too many projects.
B) over relying on a single large project.
C) working on too many underfunded projects.
D) limited personal energy on the part of the entrepreneur.
E) engaging in prospects that are too risky.

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Question 42

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Discuss the key planning elements used in developing the best business plans,and the importance of each.

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Developing the best business plans requi...

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Question 43

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Successfully fostering and managing intrapreneurship involves

Scenario B. Suppose that after reviewing the history of many successful entrepreneurial ventures, a few of them stand out in your mind as interesting. They are: 1. Minute Clinic's health care kiosks in Target and Albertson's Food stores. 2. Visionics biometric software that can assist in identifying runaways, shoplifters or terrorists. 3. Nanostring's molecular bar coding enterprise. 4. The tourism industry at Mt. St. Helens, a volcano in the U.S. that recently erupted. -Minute Clinic is an example of a business that was created as a result of

Successful entrepreneurs who are decisive,tenacious,disciplined and who are willing to sacrifice are examples of which characteristic of successful entrepreneurs?

Legitimacy is people's judgment of a company's acceptance,appropriateness,and desirability,generally stemming from company goals and methods that are consistent with societal values.

Social capital is a competitive advantage in the form of relationships with other people and the image other people have of you.

A new business having growth and high profitability as primary objectives is a(n)

An essential process in pursuing an entrepreneurial venture is planning.The first formal step is

A product that represents a novel idea requiring little financial investment would be displayed in the __________ of the entrepreneurial strategy matrix.

Intrapreneurs are

A formal planning step that focuses on the entire venture and describes all the elements involved in starting it is known as a(n)

Benefits of business incubators include

Established organizations' reactions to the recent rise in entrepreneurial activity is often

Which of the following is the fundamental reason for creating an opportunity analysis?

Scenario C. Four entrepreneurs are discussing the potential for success or failure of their ventures. A few of them realize that they did not understand the risk involved in their undertaking. They describe their start-ups in the following manner: 1. Raymond: "I had very little money invested but I was the first on the market with my product." 2. Lotina: "My firm had a very substantial amount of money invested in my venture because I had a completely new and unique product that was expensive to create." 3. Sharida: "I had almost nothing invested in my business which produced a product with many similar competitors already on the market." 4. Kevin: "I have spent an incredible amount of money getting my business going in an industry with many well-established competitors." -According to the Entrepreneurial Strategy Matrix,Sharida's scenario can be described as:

Why would an individual want to become an entrepreneur? Explain.

Informal efforts,as opposed to official job assignments,in which employees work to create new products and processes of their own choosing and initiative are known as

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.

Amazon.com uses the transaction fee model.