Question 1

How should entrepreneurs form their management team? What common problems might they face?

Accepted Answer

a.In early growth, the first set of supervisors can come from within.
b.Later, as your company grows, it may be necessary to hire outside managers.
c.The main problem here is that your original team members may not have the necessary abilities and potential, and newcomers may not be accepted by other workers.

Question 2

According to the Driving Forces of Growth Model, opportunity domain interacts with which of the following?

Accepted Answer

A) Stakeholders 
B) Environmental conditions 
C) Profitability 
D) Coordination 
E) Organizational capabilities 
A) Stakeholders 
B) Environmental conditions 
C) Profitability 
D) Coordination 
E) Organizational capabilities E

Question 3

Managers should constantly develop the firm's entrepreneurial capability.

Accepted Answer

A) True 
 B)False  True

Question 4

What are the ways of nurturing entrepreneurs in an organization?

Accepted Answer

a.Identify those exhibiting passion for

Question 5

What should an entrepreneur focus on during early growth?

Accepted Answer

A) Expansion 
B) Strategy 
C) Operations 
D) Accounting 
E) Networking 
A) Expansion 
B) Strategy 
C) Operations 
D) Accounting 
E) Networking

Question 6

Discuss some options to support either the integration of outside managers into a venture, or to prepare existing employees for management roles.

Accepted Answer

a.Consider having new managers spend tim

Question 7

A positive cash conversion period means that:

Accepted Answer

A) You have an inefficient receivables control system 
B) You are getting cash in before you deliver products/services 
C) You have a very efficient receivables control system 
D) You are receiving cash after you deliver products/services 
E) Customers pay you before you provide them products/services 
A) You have an inefficient receivables control system 
B) You are getting cash in before you deliver products/services 
C) You have a very efficient receivables control system 
D) You are receiving cash after you deliver products/services 
E) Customers pay you before you provide them products/services

Question 8

Which of the following is NOT characteristic of an effective performance tracking system?

Accepted Answer

A) Determines where, when, and how to measure a key item, and who is responsible for measuring it. 
B) Metrics tied to a decision (should be nearly all metrics)are assigned the latest time before which the measure will be relevant to making the decision. 
C) The system is exhaustive of all possible metrics for a given questions. 
D) All of the above. 
A) Determines where, when, and how to measure a key item, and who is responsible for measuring it. 
B) Metrics tied to a decision (should be nearly all metrics)are assigned the latest time before which the measure will be relevant to making the decision. 
C) The system is exhaustive of all possible metrics for a given questions. 
D) All of the above.

Question 9

Which of the following is not mentioned in the chapter as a key objective for a control system?

Accepted Answer

A) To create culture 
B) To institute control 
C) To manage cash 
D) To track performance 
E) All of the above are mentioned 
A) To create culture 
B) To institute control 
C) To manage cash 
D) To track performance 
E) All of the above are mentioned

Question 10

The chapter warns that which of the following can lead to poor coordination between different activities within the company?

Accepted Answer

A) Overdue collections 
B) Inventory outages 
C) Uncontrolled growth 
D) Diminishing cash flows 
E) None of the above 
A) Overdue collections 
B) Inventory outages 
C) Uncontrolled growth 
D) Diminishing cash flows 
E) None of the above

Question 11

What option does the entrepreneur have if he or she decides to maintain a business?

Accepted Answer

A) Become an entrepreneurial leader 
B) Take alternate position in the firm 
C) Become a manager 
D) Seek other employment 
E) None of the above 
A) Become an entrepreneurial leader 
B) Take alternate position in the firm 
C) Become a manager 
D) Seek other employment 
E) None of the above

Question 12

The best management team consists of both internally promoted and externally hired people

Accepted Answer

A) True 
 B)False

Question 13

The company should be driven only by opportunities that leverage current capabilities

Accepted Answer

A) True 
 B)False

Question 14

Performance measures in an early-stage company are designed more for helping in entrepreneurial decision-making than for evaluating current performance

Accepted Answer

A) True 
 B)False

Question 15

Tracking performance is necessary to support quality decision making.

Accepted Answer

A) True 
 B)False

Question 16

Describe why performance measure must be linked to anticipated decisions.

Accepted Answer

a.There should be fewer top level decisi

Question 17

As the company grows, bureaucracy has to be increasingly instilled to help coordinate different departments

Accepted Answer

A) True 
 B)False

Question 18

According to the chapter, 50% of businesses started today will not exist in how many years?

Accepted Answer

A) 2 
B) 3 
C) 5 
D) 6 
E) 8 
A) 2 
B) 3 
C) 5 
D) 6 
E) 8

Question 19

Bootstrapping policy should not be discontinued once the company is successful

Accepted Answer

A) True 
 B)False

Question 20

What is the core of the growth model?

Accepted Answer

A) Leadership 
B) Resources and capabilities 
C) The opportunity domain 
D) The entrepreneur 
E) Execution 
A) Leadership 
B) Resources and capabilities 
C) The opportunity domain 
D) The entrepreneur 
E) Execution

How should entrepreneurs form their management team? What common problems might they face?

According to the Driving Forces of Growth Model, opportunity domain interacts with which of the following?

Managers should constantly develop the firm's entrepreneurial capability.

What are the ways of nurturing entrepreneurs in an organization?

What should an entrepreneur focus on during early growth?

Discuss some options to support either the integration of outside managers into a venture, or to prepare existing employees for management roles.

A positive cash conversion period means that:

Which of the following is NOT characteristic of an effective performance tracking system?

Which of the following is not mentioned in the chapter as a key objective for a control system?

The chapter warns that which of the following can lead to poor coordination between different activities within the company?

What option does the entrepreneur have if he or she decides to maintain a business?

The best management team consists of both internally promoted and externally hired people

The company should be driven only by opportunities that leverage current capabilities

Performance measures in an early-stage company are designed more for helping in entrepreneurial decision-making than for evaluating current performance

Tracking performance is necessary to support quality decision making.

Describe why performance measure must be linked to anticipated decisions.

As the company grows, bureaucracy has to be increasingly instilled to help coordinate different departments

According to the chapter, 50% of businesses started today will not exist in how many years?

Bootstrapping policy should not be discontinued once the company is successful

What is the core of the growth model?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Social Entrepreneurship: an Overview

Filters

Exam 13: Entrepreneurial Growth

How should entrepreneurs form their management team? What common problems might they face?

According to the Driving Forces of Growth Model, opportunity domain interacts with which of the following?

Managers should constantly develop the firm's entrepreneurial capability.

What are the ways of nurturing entrepreneurs in an organization?

What should an entrepreneur focus on during early growth?

Discuss some options to support either the integration of outside managers into a venture, or to prepare existing employees for management roles.

A positive cash conversion period means that:

Which of the following is NOT characteristic of an effective performance tracking system?

Which of the following is not mentioned in the chapter as a key objective for a control system?

The chapter warns that which of the following can lead to poor coordination between different activities within the company?

What option does the entrepreneur have if he or she decides to maintain a business?

The best management team consists of both internally promoted and externally hired people

The company should be driven only by opportunities that leverage current capabilities

Performance measures in an early-stage company are designed more for helping in entrepreneurial decision-making than for evaluating current performance

Tracking performance is necessary to support quality decision making.

Describe why performance measure must be linked to anticipated decisions.

As the company grows, bureaucracy has to be increasingly instilled to help coordinate different departments

According to the chapter, 50% of businesses started today will not exist in how many years?

Bootstrapping policy should not be discontinued once the company is successful

What is the core of the growth model?

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Social Entrepreneurship: an Overview

Filters