Exam 12: Scaling Ventures: The Future

When considering the risks of international growth, _______________ include changes in tax laws, rapid rises in costs, strikes, sudden increases in raw materials, and cyclical/dramatic shifts in GNP.

___________________ is caused by external factors and is usually the most difficult to prepare for. Top management must carefully analyze the context of this form of failure and work to prevent its recurrence

Hiring local talent who understand the market and empowering them with real decision-making authority is important while expanding to other countries

What are some of the important parameters that can be identified by conducting global market research?

Venture-backed private companies (founded after 2003) that have grown in value to at least $1 billion are commonly referred to as ______________.

Owners of smaller growing ventures should learn to use time as a resource and not allow time to use them.

_____________ represent(s) a set of principles prescribing a behavioral code that explains what is good and right or bad and wrong, possibly even providing an outline of moral duties and obligations.

Which of the following is NOT one of the critical steps involved in Time Management?

Though challenging during the growth stage, _______________ (through conferences, publications, and college courses) is an important way for growing entrepreneurs to stay abreast of industry changes and maintain a competitive edge.

EBay pulled its operations out of China just two years after entering the country in 2006

Which of the following are common expectations that communities have for small business owners? (Select all that apply)

What is the one-person-band syndrome and how might entrepreneurs work to escape it?

Managerial assistance from outside of the organization is dangerous and should be avoided.

New ventures have several advantages due to their small size.

During the growth stage, managers can assess whether they have a good blend of control and participation by asking which of the following questions?

_______________ is an important method of building relationships often enable entrepreneurs to use external resources that their smaller venture does not own

Entrepreneurs should strive to continue educating themselves on industry changes and managerial best practices.

It is important for the owner of a growing venture to maintain all decision-making authority