Exam 2: The Entrepreneurial Mind: Crafting a Personal Entrepreneurial Strategy

Evidence suggests that the most durable entrepreneurial careers,those found to last 25 years or more,were begun at an earlier age before the person had made any substantial commitments to a specific career path.

Successful entrepreneurs are likely to have accumulated the net worth and/or credibility prior to starting their venture.

Research has found that people are motivated by which of the following?

The average age of entrepreneurs starting high-potential businesses is in the mid-40s.

In the context of entrepreneurship,the need for power is about achieving influence.

Increasingly,research studies on the career paths of entrepreneurs and the self-employed suggest that which of the following is the central factor in successful venture creation?

In general,how long will venture capitalists work with a start-up before declaring the company a 'lemon'?

Which of the following attributes are not entrepreneurial?

According to venture investors,what is a realistic time frame for growing a higher potential business to the point where a capital gain can be realized?

Successful entrepreneurs possess a well-developed capacity to exert influence without formal power.

Many successful entrepreneurs do not have prior industry experience.

Crafting a personal entrepreneurial strategy can be viewed as the personal equivalent of developing a ________.

Which of the following is not one of the three attributes that research has shown underlie the success in a new venture?

One somewhat predictable research finding was that entrepreneurial leaders are not patient individuals.

The ________ is the need to build a warm relationship with someone else and/or to enjoy mutual friendship.

In what ways is having Courage an important part of being an entrepreneur?

Successful entrepreneurs often exhibit a strong need for status,money and power.

Crafting a Personal Entrepreneurial Strategy can

According to the authors,which of the seven dominant themes of entrepreneurship is the most important?

Almost without exception,entrepreneurs live under huge,constant pressures until their firms have survived the startup phase;after that,it typically gets easier.