Exam 3: The Entrepreneurial Process

Unlike the venture capitalists,private investors are a prime source for less capital-intensive startups and early-stage businesses.

It is appropriate for an entrepreneur to 'think money first' with opportunities that will require venture funding at the seed stage.

Fast-growth firms maintain control by selectively granting employee stock ownership.

Small,simple businesses are more affordable,more manageable,less demanding,and less risky than high-potential ventures.

One of the biggest mistakes aspiring entrepreneurs make is that they think too small.

Entrepreneurship can include organizations of all types and in all stages.

Discuss the overall paradoxical conflict inherent in the entrepreneurial process.

Building a ________ venture means achieving economic,environmental,and social goals without compromising the same opportunity for future generations.

Many successful entrepreneurs have created their own investment pools,but they do not compete directly with venture capitalists for deals.

Entrepreneurship does not occur in the public sector.

What is at the base of the Timmons Model?

A good opportunity will exhibit which of the following?

What is at the heart of the entrepreneurial process?

What are the three driving forces of the Timmons Model?

Entrepreneurs with a desire to be with and work with their family may lead them to develop a ________ business.

By following the prevailing best-management practices,large corporations have been able to successfully thwart competitive challenges of young entrepreneurial firms.

The highly dynamic,changing character of technology,markets,and competition make it impossible to know all your competitors today,let alone five years from now.

"Durability" of an opportunity relates to:

Which of the following is not a factor in why big companies fail to respond effectively to entrepreneurial competition?

Entrepreneurship results in the creation,enhancement,realization,and renewal of ________,not just for owners,but for all participants and stakeholders.