Question 1

Unique managerial concerns of growing ventures encompass all of the following except:

Accepted Answer

A) the one-man-band syndrome 
B) community pressures 
C) time-management issues 
D) agency problems 
A) the one-man-band syndrome 
B) community pressures 
C) time-management issues 
D) agency problems D

Question 2

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

Accepted Answer

A) True 
 B)False  True

Question 3

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

Accepted Answer

A) less formal planning because of constant changes. 
B) to formalize planning because there is a great deal of complexity. 
C) to establish a pattern of subordinate participation. 
D) to evaluate company strengths and weaknesses. 
A) less formal planning because of constant changes. 
B) to formalize planning because there is a great deal of complexity. 
C) to establish a pattern of subordinate participation. 
D) to evaluate company strengths and weaknesses. B

Question 4

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as

Accepted Answer

A) dimensional planning. 
B) tactical planning. 
C) strategic planning. 
D) operational planning. 
A) dimensional planning. 
B) tactical planning. 
C) strategic planning. 
D) operational planning.

Question 5

Misunderstanding industry attractiveness can be a fatal flaw in strategic planning.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

All of the following are characteristic of entrepreneurial cultures except:

Accepted Answer

A) action orientation 
B) hierarchy 
C) episodic use of required resources 
D) multiple informal networks 
A) action orientation 
B) hierarchy 
C) episodic use of required resources 
D) multiple informal networks

Question 8

Which of the following factors would not be considered a key dimension that shapes the strategic management activities of a growing firm?

Accepted Answer

A) speed of decision making 
B) internal political problems 
C) environmental uncertainty 
D) lack of knowledge 
A) speed of decision making 
B) internal political problems 
C) environmental uncertainty 
D) lack of knowledge

Question 9

Does strategic planning pay off?

Accepted Answer

Research show that it does. Most of the

Question 10

During the growth stage of a venture,entrepreneurs shift into a managerial style.

Accepted Answer

A) True 
 B)False

Question 11

Participation by subordinates in a strategic plan is never appropriate.

Accepted Answer

A) True 
 B)False

Question 12

The "best" strategic plan will be influenced by the abilities of the entrepreneur,the complexity of the venture,and the nature of the industry.

Accepted Answer

A) True 
 B)False

Question 13

Analysis of a firm's external and internal environments provides the firm with the information to develop

Accepted Answer

A) a degree of uncertainty 
B) administrative experience 
C) competitive strengths 
D) strategic intent and strategic mission 
A) a degree of uncertainty 
B) administrative experience 
C) competitive strengths 
D) strategic intent and strategic mission

Question 14

In the strategy matrix model,innovation is defined as

Accepted Answer

A) an invention. 
B) something new and different. 
C) copying and improving on competitor's products. 
D) using practical milestones. 
A) an invention. 
B) something new and different. 
C) copying and improving on competitor's products. 
D) using practical milestones.

Question 15

Research has shown that there is a distinct lack of strategic planning in new ventures. Relate some of the reasons for this lack of planning.

Accepted Answer

There are five reasons for the lack of s

Question 16

The entrepreneurial strategy matrix measures:

Accepted Answer

A) risk and security. 
B) commitment and time. 
C) risk and innovation. 
D) opportunity and time. 
A) risk and security. 
B) commitment and time. 
C) risk and innovation. 
D) opportunity and time.

Question 17

What is the one-person-band syndrome?

Accepted Answer

A) an invention 
B) following a competitor's lead 
C) failure to delegate 
D) effective time management 
A) an invention 
B) following a competitor's lead 
C) failure to delegate 
D) effective time management

Question 18

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

Accepted Answer

A) time scarcity 
B) lack of trust 
C) lack of dominance 
D) lack of knowledge 
A) time scarcity 
B) lack of trust 
C) lack of dominance 
D) lack of knowledge

Question 19

A reason new venture managers lack knowledge in the strategic planning process is because

Accepted Answer

A) they refuse to learn new things. 
B) they have minimal exposure to the planning process. 
C) they attempt to implement actions too quickly. 
D) they are overconfident. 
A) they refuse to learn new things. 
B) they have minimal exposure to the planning process. 
C) they attempt to implement actions too quickly. 
D) they are overconfident.

Question 20

A "SWOT" analysis refers to analyzing strengths,weaknesses,opportunities,and threats.

Accepted Answer

A) True 
 B)False

Unique managerial concerns of growing ventures encompass all of the following except:

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

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

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as

Misunderstanding industry attractiveness can be a fatal flaw in strategic planning.

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

All of the following are characteristic of entrepreneurial cultures except:

Which of the following factors would not be considered a key dimension that shapes the strategic management activities of a growing firm?

Does strategic planning pay off?

During the growth stage of a venture,entrepreneurs shift into a managerial style.

Participation by subordinates in a strategic plan is never appropriate.

The "best" strategic plan will be influenced by the abilities of the entrepreneur,the complexity of the venture,and the nature of the industry.

Analysis of a firm's external and internal environments provides the firm with the information to develop

In the strategy matrix model,innovation is defined as

Research has shown that there is a distinct lack of strategic planning in new ventures. Relate some of the reasons for this lack of planning.

The entrepreneurial strategy matrix measures:

What is the one-person-band syndrome?

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

A reason new venture managers lack knowledge in the strategic planning process is because

A "SWOT" analysis refers to analyzing strengths,weaknesses,opportunities,and threats.

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

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Exam 13: Strategic Entrepreneurial Growth

Unique managerial concerns of growing ventures encompass all of the following except:

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

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

Formation of long-range plans for effective management in light of a venture's strengths and weaknesses is referred to as

Misunderstanding industry attractiveness can be a fatal flaw in strategic planning.

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

All of the following are characteristic of entrepreneurial cultures except:

Which of the following factors would not be considered a key dimension that shapes the strategic management activities of a growing firm?

Does strategic planning pay off?

During the growth stage of a venture,entrepreneurs shift into a managerial style.

Participation by subordinates in a strategic plan is never appropriate.

The "best" strategic plan will be influenced by the abilities of the entrepreneur,the complexity of the venture,and the nature of the industry.

Analysis of a firm's external and internal environments provides the firm with the information to develop

In the strategy matrix model,innovation is defined as

Research has shown that there is a distinct lack of strategic planning in new ventures. Relate some of the reasons for this lack of planning.

The entrepreneurial strategy matrix measures:

What is the one-person-band syndrome?

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

A reason new venture managers lack knowledge in the strategic planning process is because

A "SWOT" analysis refers to analyzing strengths,weaknesses,opportunities,and threats.

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters