Exam 18: The Family As Entrepreneur

Families who intend to act entrepreneurially must be ________ focused.

As enterprise refers to economic activity,________ is the action of generating economic activity.

Allocations from family investment funds are usually non-operating investments in businesses and do not represent a significant portion of the family's total wealth.

When entrepreneurial processes are institutionalized through the governance structures and policies it promotes growth and change activities.

Family corporate venturing primarily involves which of the following?

Families comprise the dominant form of business organization worldwide,and provide more resources for the entrepreneurial economy than any other source.

Which of the following is not a characteristic of entrepreneurial methods for enterprising?

Business families who are interested in transgenerational entrepreneurship and wealth creation must cultivate the more formal approach to entrepreneurship.

Most often,formal family investment funds are created after a family has liquidated all or part of their family group.

Studies indicate that family-influenced companies consistently outperform non-family businesses on annual shareholder return,return on assets,and both annual revenue and income growth.

The family ________ category is when an existing family company or group starts new businesses.

Family ________ occurs where the family's entrepreneurial activity is focused on creating new streams of value within the business or group through innovation and transformational change activities.

Research shows that most often,family cash investments are given based upon formal investment criteria rather than on altruistic family sentiments.

The goal of dialogue is to find solutions that are not constrained by the boundaries of either of the original positions.

What are the six dimensions for family enterprising?

Families have the natural potential to build relationship capital better than other social group.

List five examples of relationship capital.

In family enterprising "team" encompasses the family ownership group,as well as the family and non-family entrepreneurial capabilities.

Families have the natural potential to destroy relationship capital more ruthlessly than any other social group.

Organizational formalization has been shown to constrain entrepreneurial behavior in family enterprises.