Exam 11: Anticipating Failure

According to The Global Entrepreneurship Monitor report,the fear of failure in the United States is higher than in which of the following?

In studying failure around the world,Global Entrepreneurship Monitor recognized three types of economies.Which of the following represents the degree to which those capable of starting a business may intend to do so over three years?

According to the text,bankruptcy or forced sale is probably the biggest failure for a startup.

The key to building a blame-free environment is to ______.

With inattention,an entrepreneur becomes sidetracked from the core business.

Rory and Katie manufactured a smartphone-related product marketed for personal safety.Unsure about the best market segment to target,they developed a product for older adults and the general public but they decided to also market it for children.Which of the following is the most likely cause for failure here?

Which of the following describes a blame-free environment?

Cultural differences may influence the way we approach failure.

A change in direction in response to a small failure is called a ______.

People living in the Caribbean score among the lowest for fear of failure.

Explain how an entrepreneur might fail from lack of ability.

Once you establish the extent of your fear of failure,which of the following would be a good step toward coping with it?

Justin opened a physical therapy business in a new location and hired two well-known therapists.Once the business was up and running,Justin began work on launching a restaurant in a neighboring town.With Justin at the restaurant most days,the physical therapy business began to flounder.Which startup failure is represented in this scenario?

It is important for entrepreneurs to manage the negative emotions associated with failure so they can ______.

A strong fear of failure is often rooted in one's ______,as demonstrated by the Global Entrepreneurship Monitor report.

Antifailure bias inhibits us from learning from failure.

Describe Angela Lee Duckworth's research into grit at the United States Military Academy at West Point.Why might she have chosen West Point? What were her findings? What was her assessment of the West Point Whole Candidate Score as compared to her tool to measure grit?

Lee just lost a major client.The next day,she made a list of potential new clients and started calling them to set up an introductory meeting.Which of the following characteristics is associated with this action?

When Joelle Mertzel interviewed over 1,000 people about her prototype,she was ______.

Many entrepreneurs who have failed become more confident,prepared,and motivated to attempt another startup.