Entrepreneurship

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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


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