Exam 2: Management and Entrepreneurship: Handling Start-Ups and New Ventures

Jose has successfully started a business of repairing cars.However,without immediate income to sustain the business,he may have to close his shop.His friend,Adam,invests in the company and gives the company a much-required boost.In this situation,Adam is a(n)________.

Describe the five factors that influence the ability of individuals to identify opportunities.

Which of the following is true about the differences between angel investors and venture capitalists?

Research suggests that organizations started by entrepreneurial teams tend to perform better than those started by individual entrepreneurs working by themselves.What is this attributed to?

Rick and Jose gain new market information regarding a potential entrepreneurial opportunity.Despite the fact that both of them have gained access to this new information,only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity.What is this an example of?

One distinction between commercial and social entrepreneurship involves the availability of resources such as funding and employees.

Even if an entrepreneur's idea is feasible,opportunities are associated with risk.In this context,________ refers to the resources reduced if an opportunity does not succeed.

The success of corporate entrepreneurship efforts depends on many factors.Which of the following are examples of dependent factors?

________ refers to the identification,evaluation,and exploitation of opportunities.

What occurs when an entrepreneur decides whether he or she has just a good idea or a viable opportunity that will provide the desired outcomes?

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Beth heads the team of designers at La Belle,Inc. ,a well-known brand of designer bags.She is an extraordinary designer and manages her team excellently.In the past,La Belle has successfully implemented many of Beth's innovative ideas to their benefit.The company has now decided that Beth should be given the responsibility of managing its new business unit that specializes in clothes,shoes,and other accessories.What type of entrepreneurship is displayed in this scenario?

Entrepreneurial opportunity is ________.

The Internet allows Netflix to offer customers a new way to rent DVDs and video games.This is an example of ________.

Which of the following is true about factors that adversely influence the accuracy of an entrepreneur's risk perceptions?

Jerry starts his own business even when he is advised by family and friends that it is not a suitable opportunity.His friends feel that the market is uncertain and a new entry at this juncture is inadvisable.Jerry soon realizes that his friends were right and he should have taken their advice.In spite of himself,he is forced to admit that the market situation is such that it would take more than being a good entrepreneur to survive.Which of the following is Jerry experiencing?

Which of the following is true about the differences between commercial and social entrepreneurship?

What will entrepreneurs study in a feasibility analysis?

Explain the fundamentals of entrepreneurship.

Which of the following is an example of corporate entrepreneurship?