Exam 5: Opportunity Recognition

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What are the five attributes of real business opportunities?

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Briefly discuss the harvest issue of exit mechanism and strategy in evaluating venture opportunities.

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According to research,what is the primary reason companies lose customers?

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The goal for a firm is to avoid declining revenue conditions and become the _____ provider.

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In general,when do business plans become obsolete?

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High asset-intensive,high-margin businesses generate the highest profits and sustainable growth.

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Which of the following is true of market structures?

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Briefly discuss the risk/reward tolerance as a personal criterion in evaluating venture opportunities.

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The vast majority of radical innovations since World War II have come from new and small firms.

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According to the late Herbert Simon,Nobel laureate,the _____ is a creative process which involves the creative linking,or cross-association,of two or more in-depth "chunks" of experience,know-how,and contacts.

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________ is the process of linking knowledge in one field or marketplace with quite different technical,business,or market know-how from others.

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In the United States,the economy is dominated by _____ businesses.

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High value for a company can be created by the potential to be a market leader and to capture at least _____ percent share of the market.

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According to the capital markets food chain for entrepreneurial ventures,the enterprise value of a company in the R&D stage venture is typically under $1 million.

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Having a favorable window of opportunity is most closely related to:

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The primary reason that first-time entrepreneurs run out of cash at a faster rate than they bring in customers and profitable sales is that they have not focused on the right opportunity.

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When evaluating venture opportunities in the medical and life sciences today,a minimum market size of _____ in sales is attractive.

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Spontaneous,facilitated collaboration with no criticisms is a creative group process referred to as ____.

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Briefly discuss profits after tax as a criterion in evaluating venture opportunities.

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What opportunity is most likely to be created when proprietary or contractual advantage is the root of change?

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