Exam 20: Management and Entrepreneurship: Handling Start-Ups and New Ventures

Bob's perception he has been successful with his past entrepreneurial opportunities and therefore his luck will continue with his latest venture is known as ________.

Which of the following is true of an individual who has a low level of entrepreneurial alertness?

________ involves the recognition, evaluation, and exploitation of opportunities that create social value as opposed to personal or shareholder wealth.

Which of the following demonstrates the correct sequence in the stages of entrepreneurship?

________ involves improving the firm's ability to execute strategies and focuses on new processes instead of new products.

________ allow entrepreneurs to produce goods or services at lower costs, which allows the entrepreneurs to satisfy the needs of customers more effectively.

Which of the following is the most frequently used type of corporate entrepreneurship?

When entrepreneurs identify how they will market, produce, and position their new products, they are involved in which of the following entrepreneurial processes?

________ occurs when firms develop new culture, processes, or structures to support new product innovations in current markets as well as with existing products in new markets.

Which of the following is true about corporate entrepreneurship?

Describe opportunity exploitation.

Entrepreneurial alertness refers to an individual's ability to notice and be sensitive to new information about objects, incidents, and patterns of behavior in the environment.

________ are firms that raise money from investors and then use this money to make investments in new firms.

When an individual or group of individuals in an existing corporation create a new organization or create a new group within an existing organization, they are involved in ________ entrepreneurship.

________ are wealthy individuals who provide capital to new companies.

What is entrepreneurial risk? In this context, explain downside loss.

________ is the likelihood and magnitude of the opportunity's downside loss.

Which of the following best describes an angel investor?

With respect to corporate entrepreneurship, sustained regeneration occurs when firms develop new culture, processes, or structures to support new product innovations.

Opportunities may sometimes arise from the discovery of new geographical markets in which new customers will value the new product or service.