Question 1

A SWOT analysis refers to analyzing strengths, weaknesses, opportunities, and threats.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following are the three types of leadership of consequence to new ventures described by the text?

Accepted Answer

A) competitive, innovative, and strategic 
B) competitive, innovative, and visionary 
C) visionary, strategic, and managerial 
D) visionary, managerial, and competitive 
A) competitive, innovative, and strategic 
B) competitive, innovative, and visionary 
C) visionary, strategic, and managerial 
D) visionary, managerial, and competitive

Question 3

In the entrepreneurial strategy matrix, the creation of something new and different is categorized as a(n)

Accepted Answer

A) innovation. 
B) risk. 
C) time lag. 
D) psychological commitment. 
A) innovation. 
B) risk. 
C) time lag. 
D) psychological commitment.

Question 4

The entrepreneurial strategy matrix measures risk and innovation.

Accepted Answer

A) True 
 B)False

Question 5

Research has shown a distinct lack of planning on the part of new ventures.

Accepted Answer

A) True 
 B)False

Question 6

New venture managers lack knowledge in the strategic planning process because they

Accepted Answer

A) refuse to learn new things. 
B) have minimal exposure to the planning process. 
C) attempt to implement actions too quickly. 
D) are overconfident. 
A) refuse to learn new things. 
B) have minimal exposure to the planning process. 
C) attempt to implement actions too quickly. 
D) are overconfident.

Question 7

A SWOT analysis refers to

Accepted Answer

A) strengths, weaknesses, opportunities, and threats. 
B) suppliers, workers, opportunities, and tactics. 
C) strengths, warnings, options, and threats. 
D) scarcity, weaknesses, opportunities, and tactics 
A) strengths, weaknesses, opportunities, and threats. 
B) suppliers, workers, opportunities, and tactics. 
C) strengths, warnings, options, and threats. 
D) scarcity, weaknesses, opportunities, and tactics

Question 8

Which of the following is not a distinct form of tolerance for failure?

Accepted Answer

A) moral failure 
B) experimental failure 
C) personal failure 
D) uncontrollable failure 
A) moral failure 
B) experimental failure 
C) personal failure 
D) uncontrollable failure

Question 9

Many research studies suggest that strategic planning influences a venture's survival.

Accepted Answer

A) True 
 B)False

Question 10

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as _____ planning.

Accepted Answer

A) dimensional 
B) tactical 
C) strategic 
D) operational 
A) dimensional 
B) tactical 
C) strategic 
D) operational

Question 11

Four specific managerial actions are necessary during the growth stage: control, responsibility, intolerance of failure, and change.

Accepted Answer

A) True 
 B)False

Question 12

Define strategic planning, and describe the five basic steps that must be followed in establishing a strategic plan.

Accepted Answer

Strategic planning is the primary step i

A SWOT analysis refers to analyzing strengths, weaknesses, opportunities, and threats.

Which of the following are the three types of leadership of consequence to new ventures described by the text?

In the entrepreneurial strategy matrix, the creation of something new and different is categorized as a(n)

The entrepreneurial strategy matrix measures risk and innovation.

Research has shown a distinct lack of planning on the part of new ventures.

New venture managers lack knowledge in the strategic planning process because they

A SWOT analysis refers to

Which of the following is not a distinct form of tolerance for failure?

Many research studies suggest that strategic planning influences a venture's survival.

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as _____ planning.

Four specific managerial actions are necessary during the growth stage: control, responsibility, intolerance of failure, and change.

Define strategic planning, and describe the five basic steps that must be followed in establishing a strategic plan.

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

A SWOT analysis refers to analyzing strengths, weaknesses, opportunities, and threats.

Which of the following are the three types of leadership of consequence to new ventures described by the text?

In the entrepreneurial strategy matrix, the creation of something new and different is categorized as a(n)

The entrepreneurial strategy matrix measures risk and innovation.

Research has shown a distinct lack of planning on the part of new ventures.

New venture managers lack knowledge in the strategic planning process because they

A SWOT analysis refers to

Which of the following is not a distinct form of tolerance for failure?

Many research studies suggest that strategic planning influences a venture's survival.

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as _____ planning.

Four specific managerial actions are necessary during the growth stage: control, responsibility, intolerance of failure, and change.

Define strategic planning, and describe the five basic steps that must be followed in establishing a strategic plan.

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