Question 1

Discuss the sources of capital for entrepreneurs in a startup.

Accepted Answer

• Commercial banks: asset bank borrowing

Question 2

The most difficult problem facing a potential entrepreneur is _____.

Accepted Answer

A)  finding the correct partner 
B)  obtaining startup capital 
C)  developing market knowledge 
D)  developing an appropriate market program 
E)  ensuring accurate delivery of the firm's output 
A)  finding the correct partner 
B)  obtaining startup capital 
C)  developing market knowledge 
D)  developing an appropriate market program 
E)  ensuring accurate delivery of the firm's output

Question 3

Patrick Clark, the entrepreneur who opened an upscale restaurant on the upper east side of New York City failed in his venture because _______.

Accepted Answer

A)  Gourmet magazine gave the restaurant a bad review 
B)  he was not in tune with what his clientele wanted 
C)  he did not trim his staff during hard times 
D)  capital was difficult to secure 
E)  he did not advertise 
A)  Gourmet magazine gave the restaurant a bad review 
B)  he was not in tune with what his clientele wanted 
C)  he did not trim his staff during hard times 
D)  capital was difficult to secure 
E)  he did not advertise

Question 4

All but one of the following are advantages of restaurants as an investment target.

Accepted Answer

A)  Industry is fragmented 
B)  Good growth potential 
C)  Low risk of obsolescence 
D)  Potential for mass distribution 
E)  Venture capitalists like single-unit restaurant ventures 
A)  Industry is fragmented 
B)  Good growth potential 
C)  Low risk of obsolescence 
D)  Potential for mass distribution 
E)  Venture capitalists like single-unit restaurant ventures

Question 5

The company that has employed corporate entrepreneurship to create Post-it Notes, translucent dental braces, and Scotch Tape is _____.

Accepted Answer

A)  3M 
B)  Tricon 
C)  GE 
D)  Lockheed 
E)  Scientific Atlanta 
A)  3M 
B)  Tricon 
C)  GE 
D)  Lockheed 
E)  Scientific Atlanta

Question 6

The goal at 3M is that _____ percent of the sales of each division come from products created within last five years.

Accepted Answer

A)  5 
B)  15 
C)  25 
D)  35 
E)  60 
A)  5 
B)  15 
C)  25 
D)  35 
E)  60

Discuss the sources of capital for entrepreneurs in a startup.

The most difficult problem facing a potential entrepreneur is _____.

Patrick Clark, the entrepreneur who opened an upscale restaurant on the upper east side of New York City failed in his venture because _______.

All but one of the following are advantages of restaurants as an investment target.

The company that has employed corporate entrepreneurship to create Post-it Notes, translucent dental braces, and Scotch Tape is _____.

The goal at 3M is that _____ percent of the sales of each division come from products created within last five years.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Global Strategic Management and the Future

Filters

Exam 9: Strategies for Entrepreneurship and Innovation

Discuss the sources of capital for entrepreneurs in a startup.

The most difficult problem facing a potential entrepreneur is _____.

Patrick Clark, the entrepreneur who opened an upscale restaurant on the upper east side of New York City failed in his venture because _______.

All but one of the following are advantages of restaurants as an investment target.

The company that has employed corporate entrepreneurship to create Post-it Notes, translucent dental braces, and Scotch Tape is _____.

The goal at 3M is that _____ percent of the sales of each division come from products created within last five years.

Strategic Management

The Environment and External Stakeholders

Strategic Direction

Organizational Resources and Competitive Advantage

Strategy Formulation at the Business-Unit Level

Corporate-Level Strategy and Restructuring

Strategy Implementation Through Interorganizational Relationships and Management of Functional Resources

Strategy Implementation Through Organizational Design and Control

Global Strategic Management and the Future

Filters