Exam 9: The Entrepreneurial Leader and the Team

When key people leave before they have satisfied their vesting agreement,a portion of their stock is retained by the company and can be made available to others.

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

What are the five fundamental realities with nearly any new venture?

Democratic structures among the founders such as equal stock ownership are recommended because they foster solidarity and avoid conflict.

While lawyers and accountants can be of enormous benefit to entrepreneurs,they cannot be counted on as business advisors.

What are the most challenging times for the founding entrepreneur?

Entrepreneurial leaders need a sound foundation in "new management techniques" such as capital asset pricing models,beta coefficients,and linear programming.

In rapid-growth firms,power and control are _________ and leadership is ________.

The high-growth stage is one of the most difficult periods in the life of a company as new layers of management and processes are adjusted to enable the company to __________.

The ever-expanding number of devices designed to exploit Internet accessibility is having a profound impact on _______.

Investors typically like to see what percent of the fully diluted company set aside for attracting future talent and creating incentives and rewards for high performance?

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

Entrepreneurial leaders are quick to give credit and recognize good performance,and they always accept more than their share of the blame when things don't work out.

There exists in growing new ventures a common _________ system that is most evident in behavior and attitudes.

With failure rates exceeding 60 percent,the high-growth stage is the most perilous stage for new ventures.

At what stage of entrepreneurial transition is there a need for organization and operating policies?

The _________ stage is by far the most perilous stage and is characterized by the direct and exhaustive drive,energy,and entrepreneurial talent of a lead entrepreneur and a key team member or two.

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

What is the most difficult stage for the founding entrepreneur in terms of power and control?

Managing for rapid growth involves a ________ orientation not found in mature and stable environments.