Entrepreneurship
Successful global start-ups, or entrepreneurial businesses that are "born global," surprisingly often lack internationally experienced management.
false
a "gazelle" is a business establishment with at least 5 percent sales growth every year for 25 years
false
a great abundance of reliable data is available concerning the start-up performance and failure of new ventures
false
immersion in business can be cured by limiting work to eight hours a day
false
institutionalization is a deliberate step to incorporate the ethical objectives of society with the economic objectives of the venture
false
investors are willing to invest even if they do not immediately see the potential for growth and profit
false
the cognitive ability of entrepreneurs to acquire and transform information has yet to be studied
false
the comprehensive feasibility analysis approach is closely related to the preparation of a thorough business plan
false
the learn stage of the build measure learn feedback loop is a process in which one learns by trying out an initial idea and then measuring it to validate the effect
false
the three dimensions of performance associated with the triple bottom line are people the planet and profits
false
which of the following is a tool that enables entrepreneurs to judge a business venture potential
feasibility analysis
An approach developed as a criteria selection list from which entrepreneurs can gain insights into the viability of their venture is the
feasibility criteria approach.
Membership in the World Trade Organization represents _____ of the world's population at present.
more than 97 percent
the north american free trade agreement offers strong protection for
patents and copyrights but not trade secrets
every person has the "blank" and "blank" to pursue a career as an entrepreneur
potential; free choice
if we accept the argument the social entrepreneurship is a continuum at one extreme would be social entrepreneurs driven exclusively by producing social benefits being the mean
profitability with social benefits being the means
which of the following is not a displacement in the displacement school of thought?
racial
rapid technological advances in many industries cause a concern for "blank" in new venture development
rapid product obsolescence
Entrepreneurship has become synonymous with
socialism and monopolies
the basic challenge for social enterprise is addressing the obligations of business to
society
researchers believe that design methodology provides "blank" learning mechanisms important for converting ideas into form
specific
in the monroy-filter model of the risk typology, profit-seeking activity is associated with a "blank" desire to "blank"
strong;maximize profit
A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurship projects
true
An innovative team, or I-team, is made up or more people who formally create and share ownership
true
Ecopreneurship is a combination of ecologically and economically sustainable development.
true
Morals and law are not synonymous but may be viewed as two circles that are partially superimposed upon each other.
true
Obtaining external financing is considered one of the major types of problems for a new venture during its first year.
true
Only new patterns of thinking lead to new ideas and innovation.
true
Surprisingly, growth of sales is generally not considered a critical factor in assessing new ventures.
true
The maverick entrepreneur who avoids reaching out and finding help is a myth of the past.
true
ethics provides the basic rules or parameters for conducting any activity in an "acceptable" manner
true
inexperienced and incompetent management are the mains reason for failure
true
researchers uniformly agree that the easiest step in the creative endeavor is the evaluation and implementation phase
true
social entrepreneurships are known to combine resources to exploit opportunities to create social value
true
the brundtland definition of sustainable development is "meeting the needs of the present without compromising the ability of future to meet their needs"
true
the innovation process allows creative people to subconsciously mull over the information they have gathered
true
the left hemisphere of the brain is responsible for logical and analytical skills
true
the success of corporate entrepreneurship depends on the entrepreneurs within the firm
true
which does not apply to the strategic formulation school of thought?
unique places
As of 2015, the largest U.S. trading partners included
Canada, China, Mexico
Systematic evolution of product or service into newer or larger markets is referred to as radical innovation
False
Economist who wrote about entrepreneurship and its impact on economic development
Joseph Schumpeter
"blank" observed that "corporate entrepreneurship may be formal or informal activities aimed at creating new business relationships in established companies through product and process innovations and market developments"
Shaker A. Zahra
According to Robert C Ronstadt, entrepreneurship is the process of creating incremental wealth
True
Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time
True
Prepared entrepreneurs who seize opportunities when they arise often appear to be lucky.
True
There is no single definition for an entrepreneur
True
which of the following is NOT a precipitating event that Zahra identifies as motivating the decision to act entrepreneurially
a big increase in earnings
employee perception of "blank" is critical for the success of corporate entrepreneurship
an innovative environment
displacement school of thought can be divided into these three groups
economic, cultural, and political
Collective entrepreneurship, as a concept, refers to
entrepreneurial thinking that is diffused throughout the company
the marco view can be broken down into which of the following areas?
environment, financial/capital and displacement
Ray Kroc's development of McDonald's would be a good illustration of which form of innovation?
extension
Entrepreneur & Small Business owner are never used interchangeably
false
For-profit enterprises have yet to make significant contributions to the world of social entrepreneurship.
false
Innovation is planned and predictable.
false
Market Feasibility Analysis relies on
general economic trends and competitor data
the type of venture that is expected to attract venture capital would most likely be a "blank" venture
high-growth
which is not a way to combat stress
ignoring coping mechanisms
Entrepreneurship persistence is related to
implementing problem-solving techniques
a(n) "blank" approach to problem-solving includes soliciting feedback from the target audience early and often and is encouraged under design thinking
iterative
A decision to sell toys that pass minimum safety standards but can often result in minor accidents to children is an example of a(n) "blank" and "blank" decision
legal; unethical
customers and customer demand patterns relate to which of the following sources of the market feasibility analysis?
market data
stress can be dealt with
networking
Appositional relationships often lead to visions that result in which of the following?
new ideas, products and services
which of the following is a factor contributing to new venture failure
product/market problems.
Looking for different or unorthodox relationships among elements and people is one way to develop creativity. How might a person develop this capacity?
relational
Typically when faced with failure entrepreneurs
remain optimistic and view it as a learning experience
which of the following mental habits inhibits creativity and innovation
security hunting risks
which of the following designations is NOT synonymous with social entrepreneur
social activist
entrepreneurs usually have an internal locus of control
true
purpose accounting and transparency are characteristics associated with socially sustainable enterprises
true
the four basic types of innovation are invention extension duplication and synthesis
true
