Exam 5: The Opportunity: Creating,shaping,recognizing,seizing

The highly organic and situational nature of the entrepreneurial process underscores the criticality of determining fit and the balancing of what?

The context in which the sale or acquisition of a company occurs is largely driven by the ________ at that particular time.

The best entrepreneurs specialize in making ________ mistakes only.

Which of the following is a right-mode brain characteristic?

The enterprise value of an R&D stage venture is typically under $1 million.

Superior opportunities solve a significant problem,remove a serious pain-point,or meet a significant want or need--for which someone is willing to pay a _________.

The viable time frame within which a venture can be developed is called the ________.

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

Marketplaces dominated by large,multibillion-dollar players are impenetrable by smaller,entrepreneurial companies since they are unable to compete with entrenched,resource-rich,established companies.

In general,when do business plans become obsolete?

Moore's Law and Metcalf's Law are most closely associated with what concept of opportunity recognition?

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.

Of utmost importance with new venture creation is the fit of the ________ and the management team with the opportunity.

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

Success is highly situational and requires a substantial amount of ________.

Which of the following is not a reality of new ventures?

If an idea is not an opportunity,what is an opportunity?

Abstract thinking-taking out a small bit of information and using it to represent the whole thing-is associated with the ________ side of the brain.

"Window of opportunity" is the time when the best management teams develop a solid strategy and meet with investors.

In order for an entrepreneur to estimate and communicate sustainable value to potential stakeholders,an opportunity should have a minimum market size of ________.