Exam 13: Strategic Entrepreneurial Growth

Which of the following is not a reason for the lack of planning in new ventures?

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

New ventures are important to the economy in terms of

In many new small ventures planning is often

In principle, incumbents and entrepreneurs face the same challenges in finding new strategic positions. In practice, incumbents often have an edge.

In the entrepreneurial strategy matrix, the probability of a major financial loss is categorized as

The past is the best predictor of the future, according to which mind-set?

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

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

Participation by subordinates in a strategic plan is never appropriate.

All of the following are characteristic of entrepreneurial cultures except:

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

Most entrepreneurs are unfamiliar with planning information sources.

Wealth creation occurs at the intersection of entrepreneurial and strategic actions.

A "SWOT" analysis refers to

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

In administrative cultures, there is a need for clearly defined authority and responsibility.

The reason many small business managers lack expertise is that they are

Small firm owner/managers are usually very open and trusting about their businesses and the decisions that affect them.

A reason for lack of strategic planning has been found to be