Exam 9: The Entrepreneurial Leader and the Team

Name three types of contributions that should be considered when slicing up the equity pie?

_________ is a critical element of entrepreneurial leadership.It is derived by actively leading,instilling vision and passion in others,and by creating a climate and spirit conducive to high performance.

Which of the following sources of influence is least important in rapid growth ventures?

What stage of entrepreneurial transition is characterized by an erosion of founders' creativity?

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

The practice of applying entrepreneurial principles within traditional corporations is called ________.

At what stage of entrepreneurial transition do conflicts between founders most often arise?

Discuss the concept of exerting influence without formal power.

The key to success in high-potential ventures is directly related to the talent and quality of the lead entrepreneur and the _______.

A ________ schedule ties the release of stock to a timeframe,usually of at least five and sometimes seven years or more,and to performance.

Which of the following generally carries the least weight when deciding on the distribution of stock?

Cash is king,and there is never enough. 2.You will be out of cash much sooner than you think. 3.Sales are what count most. 4.Talent is the key to success. 5.Equity creation and realization determine the payoff.

Since investors often gauge their equity expectations on previous performance,even young entrepreneurs should strive to hold onto a significant equity stake in the business.

What are some of the challenges that growing ventures can expect to face?

Workers joining an entrepreneurial venture can expect to receive more guidance and direction than they would typically find in a more established firm.

In what stage do new ventures exhibit a failure rate exceeding 60 percent;that is,in what stage do the lemons ripen?

Due to the importance of their technical contribution,highly-skilled founding entrepreneurs should expect an equity ownership of 15-25 percent.

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

In what ways has the Internet enhanced design and business collaboration?

The nascent stage can be as short as a few months or can last years.