Question 1

Bankruptcy can provide only for the liquidation of the business;reorganization is not an option.

Accepted Answer

A) True 
 B)False  False

Question 2

In the ________ approach,the manager is seen as willing to relinquish his or her priorities and power in the interests of an overall goal,and the appropriate people are included in setting cross-functional or cross-departmental goals and in making decisions.

Accepted Answer

consensus

Question 3

Describe how effective group communication is facilitated in successful entrepreneurial firms.

Accepted Answer

Listening and participation are facilitated by such methods as circular seating arrangements,few interruptions or side conversations,and calm discussion.

Question 4

What was the core theme of Jack Stack's management approach at Springfield Remanufacturing Corporation?

Accepted Answer

A)  Education 
B)  Profit sharing 
C)  Long-term goals 
D)  Communication 
A)  Education 
B)  Profit sharing 
C)  Long-term goals 
D)  Communication

Question 5

Identify four non-quantitative signals that would indicate the possibility of trouble.

Accepted Answer

Mentioned in the text:Inability to produ

Question 6

Many emerging businesses have no standard costs against which they can compare the actual costs of manufacturing products.The result is they have no variance reporting,and therefore will know only after the fact how ________ a product is.

Accepted Answer

The answer of Many emerging businesses have no standard costs...

Question 7

What is a major protection against and the biggest help in getting out of trouble?

Accepted Answer

A)  A long term strategy 
B)  Cash budgets and projections 
C)  Experienced advisors and directors 
D)  Depends on the venture 
A)  A long term strategy 
B)  Cash budgets and projections 
C)  Experienced advisors and directors 
D)  Depends on the venture

Question 8

One challenge fast-growth firms face is an over-abundance of viable opportunities.

Accepted Answer

A) True 
 B)False

Question 9

What is the primary source of reducing expenses in a troubled company?

Accepted Answer

A)  Advertising 
B)  Workforce reduction 
C)  Underutilized assets 
D)  Working capital 
A)  Advertising 
B)  Workforce reduction 
C)  Underutilized assets 
D)  Working capital

Question 10

With small companies,turnaround experts report that most strategic errors relate to the involvement of firms in which area?

Accepted Answer

A)  New competition 
B)  Change in management of advisors 
C)  Launching of a big project 
D)  All of the above 
A)  New competition 
B)  Change in management of advisors 
C)  Launching of a big project 
D)  All of the above

Question 11

In highly successful ventures,leadership is based on ________ rather than on authority.

Accepted Answer

The answer of In highly successful ventures,leadership is based on...

Question 12

Which of the following can be the most disrupting event during a period of explosive growth?

Accepted Answer

A)  Bringing in new senior management 
B)  Closing a round of expansion funding 
C)  Expanding of space or facilities 
D)  Overcoming a challenge from an entrenched competitor 
A)  Bringing in new senior management 
B)  Closing a round of expansion funding 
C)  Expanding of space or facilities 
D)  Overcoming a challenge from an entrenched competitor

Question 13

Explain how having a turnaround plan in place can help a troubled company.

Accepted Answer

The turnaround plan not only defines rem

Question 14

In the Chain of Greatness model,an entrepreneurial mind set leads to ________.

Accepted Answer

widespread

Question 15

The faster the rate of growth,the greater the potential for difficulty.

Accepted Answer

A) True 
 B)False

Question 16

Describe the decline in morale at a troubled company.

Accepted Answer

Among those who notice trouble developin

Question 17

What is the formula for calculating a company's Net Liquid Balance (NLB)?

Accepted Answer

NLB = (Cash + Market

Question 18

________ is not as liquid as receivables but still can be liquidated to generate quick cash.

Accepted Answer

The answer of ________ is not as liquid as receivables...

Question 19

Most causes of failure are external and out of the control of company management.

Accepted Answer

A) True 
 B)False

Question 20

What are the three most commonly found areas for potential cuts/improvements in a troubled company?

Accepted Answer

Working capital,payr

Bankruptcy can provide only for the liquidation of the business;reorganization is not an option.

In the ________ approach,the manager is seen as willing to relinquish his or her priorities and power in the interests of an overall goal,and the appropriate people are included in setting cross-functional or cross-departmental goals and in making decisions.

Describe how effective group communication is facilitated in successful entrepreneurial firms.

What was the core theme of Jack Stack's management approach at Springfield Remanufacturing Corporation?

Identify four non-quantitative signals that would indicate the possibility of trouble.

Many emerging businesses have no standard costs against which they can compare the actual costs of manufacturing products.The result is they have no variance reporting,and therefore will know only after the fact how ________ a product is.

What is a major protection against and the biggest help in getting out of trouble?

One challenge fast-growth firms face is an over-abundance of viable opportunities.

What is the primary source of reducing expenses in a troubled company?

With small companies,turnaround experts report that most strategic errors relate to the involvement of firms in which area?

In highly successful ventures,leadership is based on ________ rather than on authority.

Which of the following can be the most disrupting event during a period of explosive growth?

Explain how having a turnaround plan in place can help a troubled company.

In the Chain of Greatness model,an entrepreneurial mind set leads to ________.

The faster the rate of growth,the greater the potential for difficulty.

Describe the decline in morale at a troubled company.

What is the formula for calculating a company's Net Liquid Balance (NLB)?

________ is not as liquid as receivables but still can be liquidated to generate quick cash.

Most causes of failure are external and out of the control of company management.

What are the three most commonly found areas for potential cuts/improvements in a troubled company?

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce Is an Opportunity Sea Change

The Opportunity: Creating,shaping,recognizing,seizing

Screening Venture Opportunities

Opportunities for Social Entrepreneurship

The Business Plan

The Entrepreneurial Leader and the Team

Ethical Decision Making and the Entrepreneur

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, structure, and Negotiation

Obtaining Debt Capital

The Family As Entrepreneur

The Harvest and Beyond

Filters

Exam 17: Leading Rapid Growth, crises, and Recovery

Bankruptcy can provide only for the liquidation of the business;reorganization is not an option.

In the ________ approach,the manager is seen as willing to relinquish his or her priorities and power in the interests of an overall goal,and the appropriate people are included in setting cross-functional or cross-departmental goals and in making decisions.

Describe how effective group communication is facilitated in successful entrepreneurial firms.

What was the core theme of Jack Stack's management approach at Springfield Remanufacturing Corporation?

Identify four non-quantitative signals that would indicate the possibility of trouble.

Many emerging businesses have no standard costs against which they can compare the actual costs of manufacturing products.The result is they have no variance reporting,and therefore will know only after the fact how ________ a product is.

What is a major protection against and the biggest help in getting out of trouble?

One challenge fast-growth firms face is an over-abundance of viable opportunities.

What is the primary source of reducing expenses in a troubled company?

With small companies,turnaround experts report that most strategic errors relate to the involvement of firms in which area?

In highly successful ventures,leadership is based on ________ rather than on authority.

Which of the following can be the most disrupting event during a period of explosive growth?

Explain how having a turnaround plan in place can help a troubled company.

In the Chain of Greatness model,an entrepreneurial mind set leads to ________.

The faster the rate of growth,the greater the potential for difficulty.

Describe the decline in morale at a troubled company.

What is the formula for calculating a company's Net Liquid Balance (NLB)?

________ is not as liquid as receivables but still can be liquidated to generate quick cash.

Most causes of failure are external and out of the control of company management.

What are the three most commonly found areas for potential cuts/improvements in a troubled company?

The Global Entrepreneurial Revolution for a Flatter World

The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

The Entrepreneurial Process

Clean Commerce Is an Opportunity Sea Change

The Opportunity: Creating,shaping,recognizing,seizing

Screening Venture Opportunities

Opportunities for Social Entrepreneurship

The Business Plan

The Entrepreneurial Leader and the Team

Ethical Decision Making and the Entrepreneur

Resource Requirements

Franchising

Entrepreneurial Finance

Obtaining Venture and Growth Capital

The Deal: Valuation, structure, and Negotiation

Obtaining Debt Capital

The Family As Entrepreneur

The Harvest and Beyond

Filters