Exam 4: Understanding Your Business Model and Developing Your Strategy

Which of the following is not related to Dickson's eight primary means to expand globally?

Explain the importance of start-ups having clear values and hiring those who will share those values

The primary purpose of outsourcing is to increase net margins

Explain the relationship between your broad strategy, business model, and operating/tactical plan

It is better to formulate the organizational culture after your company begins to grow, rather than at the company's inception.

By selling a higher volume of your product through a particular distribution channel, you increase your:

If you have a replicable business model, it is wise to use which of the following strategies to expand internationally:

What is the difference between "gradual global," "born global" and "born again global" types of entrepreneurial firms?

Companies should not outsource an activity if it is critical to its competitive advantage.

What is the revenue strategy of both Walmart and Amazon?

Venture capital funding rarely leads to mergers and acquisitions with foreign companies.

Dickson describe three types of global entrepreneurial firms

Non-profit organizations do not need revenue to operate.

Hiring a corporate lifer who is used to working in one functional area and has experience with comprehensive administrative support is always the right strategy for a startup firm.

Examples of an iterative launch strategy would be

Explain why it is important to break down the revenue model into categories.

In a Freemium business model, your COGS for free offerings can be viewed as a marketing expense

Which of the following is part of the first-mover myth?

Why do some products have COGS lower than others?

Certain stages of the "initial market test" can be cheap or even free.