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

Martha has recently created a Facebook account. She also understands that she can utilize this to advertise her growing recycling business. This is an example of ________.

Exploitation exists when entrepreneurs overestimate the extent to which they can control the outcome of an opportunity.

Rick and Jose gain new market information regarding a potential entrepreneurial opportunity. Despite the fact that both of them have gained access to this new information, only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity. What is this an example of?

An example of organizational rejuvenation is when Meryl Computers Inc., a computer hardware company, changes policies and procedures within the company to support innovation.

The ability of entrepreneurs to understand how to turn a new technology into a product or service that will be valued by consumers refers to the ability to assess ________.

Explain the fundamentals of entrepreneurship.

One distinction between commercial and social entrepreneurship involves the availability of resources such as funding and employees.

Entrepreneurship refers to the identification, evaluation and exploitation of opportunities.

Entrepreneurial opportunity is ________.

When analyzing entrepreneurial opportunities, the opportunity identification step is, "Where the rubber meets the road" and often presents a difficult challenge.

Research suggests that organizations started by entrepreneurial teams tend to perform better than those started by individual entrepreneurs working by themselves. What is this attributed to?

________ is the second step of the entrepreneurial process.

The Internet allowed Netflix to offer customers a new way to rent DVDs and video games. This is an example of ________.

Which type of opportunity is Citibank pursuing if it provides services in China?

What is corporate entrepreneurship?

________ refers to the resources that the entrepreneur could lose if the opportunity does not succeed.

Which of the following is true about social entrepreneurship?

The use of corn to make ethanol create a new use for corn. This kind of opportunity comes from which of the following?

Which of the following is true about the differences between angel investors and venture capitalists?

Entrepreneurial opportunities offering value to communities as opposed to offering value towards personal or shareholder wealth is known as ________ entrepreneurship.