Ch. 8 - Entrepreneurial Strategy and Competitive Dynamics

Front

What does entrepreneurship involve?

Back

Value creation and risk.

Answer explanation

Front

What involves becoming aware of a new business concept? Options: Discovery, Evaluation, Implementation, Expansion

Back

Discovery

Answer explanation

Front

What involves analyzing the viability of a new business concept? Options: Evaluation, Discovery, Implementation, Conceptualization

Back

Evaluation

Front

What are considered resources essential for entrepreneurial success? Options: Financial, human, and social capital, and government resources, Raw materials, Production tools, Marketing strategies

Back

Financial, human, and social capital, and government resources

Front

What is emphasized first in the new approach to Lean Entrepreneurship? Options: Talking to customers, Raising money, Developing the product, Adding features

Back

Talking to customers

Answer explanation

Front

What is a goal of new venture entry strategies?

Back

All

Front

What is a goal of pioneering new entry strategies?

Back

Create new ways to solve old problems

Answer explanation

Front

What is a characteristic of imitative new entry strategies?

Back

Capitalizing on proven market successes

Answer explanation

Front

What is a key goal of adaptive new entry strategies?

Back

Capitalizes on current market trends

Answer explanation