Exam 8: The Entrepreneurial Leader and the Team

Which stage of venture growth offers one of the most difficult challenges as new layers of management are created to enable scale?

The research and development stage of venture growth is sometimes referred to as the _____ stage.

The ultimate goal of any venture capital-backed company is to realize a harvest at a price at least _____ to _____ times the original investment.

Which of the following is true of the maturity stage of venture growth?

Which of the following factors is frequently overvalued while developing a reward system for a venture,particularly the distribution of stock?

Research indicates that if an idea is not turned into a going concern within six months,the chances of a startup fall dramatically.

In rapid-growth firms,power and control are delegated and leadership is shared.

Discuss the concept of management in rapid-growth firms.

What are some of the crises that growing ventures may face in the leading stage of entrepreneurial transition?

Key people who do not work out earn only the stock they are entitled to,and the rest is still available to the company to reward and motivate others.

At which stage of the entrepreneurial transition do conflicts among founders most often arise?

An ownership structure in which a key person commands 15 to 25 percent or more of the company's equity because of his or her technical contribution will help raise venture capital.

Discuss the principles founders should keep in mind when they decide how to compensate themselves and the team,new talent,and the brain trust in their ventures.

According to the study of practicing entrepreneurs,entrepreneurial leaders need a sound foundation in "new management techniques" such as capital asset pricing models,beta coefficients,and linear programming.

Which stage of the entrepreneurial transition is characterized by counterintuitive decision making and structure?

From the high-growth stage of venture growth,a company moves to the _____ stage.

While many outstanding advisors,such as lawyers and accountants,are of enormous benefit to entrepreneurs,they are not always businesspeople,and often cannot make the best business judgments for those they represent.

Briefly discuss the ways entrepreneurs acquire expertise and skills they do not currently possess but which are needed to build their business.

There exists in growing new ventures a common _____ system that is most evident in behavior and attitudes and is difficult to articulate and elusive to measure.

The startup stage of venture growth is usually referred to as the nascent stage.