Question 1

Which of the following stages of venture development requires major changes in entrepreneurial strategy?

Accepted Answer

A) new-venture development 
B) start-up activities 
C) business stabilization 
D) growth 
A) new-venture development 
B) start-up activities 
C) business stabilization 
D) growth

Question 2

The actual need for systematic planning will vary with the nature, size, and structure of the business.

Accepted Answer

A) True 
 B)False

Question 3

Describe what typically takes place during the new-venture development life-cycle stage.

Accepted Answer

The new-venture development state consis

Question 4

Emerging ventures that are rapidly expanding with constantly increasing personnel size and market operations will need

Accepted Answer

A) less formal planning because of constant changes. 
B) to formalize planning because there is a great deal of complexity. 
C) to establish a pattern of subordinate participation. 
D) to evaluate company strengths and weaknesses. 
A) less formal planning because of constant changes. 
B) to formalize planning because there is a great deal of complexity. 
C) to establish a pattern of subordinate participation. 
D) to evaluate company strengths and weaknesses.

Question 5

Does strategic planning pay off?

Accepted Answer

Research show that it does. Most of the

Question 6

Research indicates that strategic planning enhances a firm's performance.

Accepted Answer

A) True 
 B)False

Question 7

New ventures are important to the economy in terms of innovation and

Accepted Answer

A) planning. 
B) employment. 
C) knowledge. 
D) continuing the American way of life. 
A) planning. 
B) employment. 
C) knowledge. 
D) continuing the American way of life.

Question 8

Which of the following strategies is not included in the "I-r" section of the entrepreneurial strategy matrix?

Accepted Answer

A) Move quickly. 
B) Explore joint venture options. 
C) Lock in investment costs. 
D) Protect innovation. 
A) Move quickly. 
B) Explore joint venture options. 
C) Lock in investment costs. 
D) Protect innovation.

Question 9

Lack of expertise has never been considered a reason for the lack of strategic planning in new ventures.

Accepted Answer

A) True 
 B)False

Question 10

The past is the best predictor of the future according to the _____ mind-set.

Accepted Answer

A) entrepreneurial 
B) managerial 
C) cognitive 
D) risk-averse 
A) entrepreneurial 
B) managerial 
C) cognitive 
D) risk-averse

Question 11

What are important questions to ask, from entrepreneurial and administrative points of view, when managing entrepreneurial growth?

Accepted Answer

The Entrepreneur's Point of View
Where i

Question 12

Small business owners are often guarded about their businesses, which leads to

Accepted Answer

A) distrust of others when formulating a strategic plan. 
B) a myopic viewpoint. 
C) misunderstanding of the economic environment. 
D) lack of attention to the competition. 
A) distrust of others when formulating a strategic plan. 
B) a myopic viewpoint. 
C) misunderstanding of the economic environment. 
D) lack of attention to the competition.

Question 13

In many new small ventures, planning is often

Accepted Answer

A) well accomplished. 
B) overdone. 
C) overused. 
D) lacking. 
A) well accomplished. 
B) overdone. 
C) overused. 
D) lacking.

Question 14

Most entrepreneurs are unfamiliar with planning information sources.

Accepted Answer

A) True 
 B)False

Question 15

Describe some of the reasons for the lack of distinct planning in new ventures.

Accepted Answer

There are five reasons for the lack of s

Question 16

Which of the following is not perceived as a difficulty in long-range planning?

Accepted Answer

A) favorable market conditions 
B) inadequately defined objectives 
C) poor planning climate 
D) inexperienced managers 
A) favorable market conditions 
B) inadequately defined objectives 
C) poor planning climate 
D) inexperienced managers

Question 17

During the growth stage of a venture, entrepreneurs shift into a managerial style.

Accepted Answer

A) True 
 B)False

Question 18

The entrepreneurial strategy matrix measures _____ and _____.

Accepted Answer

A) risk; security 
B) commitment; time 
C) risk; innovation 
D) opportunity; time 
A) risk; security 
B) commitment; time 
C) risk; innovation 
D) opportunity; time

Question 19

In an entrepreneurial culture, strategic orientation is driven by

Accepted Answer

A) a perception of opportunity. 
B) controlled resources. 
C) employment of required resources. 
D) coordination of activity. 
A) a perception of opportunity. 
B) controlled resources. 
C) employment of required resources. 
D) coordination of activity.

Question 20

Participation by subordinates in a strategic plan is never appropriate.

Accepted Answer

A) True 
 B)False

Which of the following stages of venture development requires major changes in entrepreneurial strategy?

The actual need for systematic planning will vary with the nature, size, and structure of the business.

Describe what typically takes place during the new-venture development life-cycle stage.

Emerging ventures that are rapidly expanding with constantly increasing personnel size and market operations will need

Does strategic planning pay off?

Research indicates that strategic planning enhances a firm's performance.

New ventures are important to the economy in terms of innovation and

Which of the following strategies is not included in the "I-r" section of the entrepreneurial strategy matrix?

Lack of expertise has never been considered a reason for the lack of strategic planning in new ventures.

The past is the best predictor of the future according to the _____ mind-set.

What are important questions to ask, from entrepreneurial and administrative points of view, when managing entrepreneurial growth?

Small business owners are often guarded about their businesses, which leads to

In many new small ventures, planning is often

Most entrepreneurs are unfamiliar with planning information sources.

Describe some of the reasons for the lack of distinct planning in new ventures.

Which of the following is not perceived as a difficulty in long-range planning?

During the growth stage of a venture, entrepreneurs shift into a managerial style.

The entrepreneurial strategy matrix measures _ and _.

In an entrepreneurial culture, strategic orientation is driven by

Participation by subordinates in a strategic plan is never appropriate.

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

Exam 13: Strategic Entrepreneurial Growth

Which of the following stages of venture development requires major changes in entrepreneurial strategy?

The actual need for systematic planning will vary with the nature, size, and structure of the business.

Describe what typically takes place during the new-venture development life-cycle stage.

Emerging ventures that are rapidly expanding with constantly increasing personnel size and market operations will need

Does strategic planning pay off?

Research indicates that strategic planning enhances a firm's performance.

New ventures are important to the economy in terms of innovation and

Which of the following strategies is not included in the "I-r" section of the entrepreneurial strategy matrix?

Lack of expertise has never been considered a reason for the lack of strategic planning in new ventures.

The past is the best predictor of the future according to the _____ mind-set.

What are important questions to ask, from entrepreneurial and administrative points of view, when managing entrepreneurial growth?

Small business owners are often guarded about their businesses, which leads to

In many new small ventures, planning is often

Most entrepreneurs are unfamiliar with planning information sources.

Describe some of the reasons for the lack of distinct planning in new ventures.

Which of the following is not perceived as a difficulty in long-range planning?

During the growth stage of a venture, entrepreneurs shift into a managerial style.

The entrepreneurial strategy matrix measures _____ and _____.

In an entrepreneurial culture, strategic orientation is driven by

Participation by subordinates in a strategic plan is never appropriate.

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

The entrepreneurial strategy matrix measures _ and _.