Chapter 5: Growing & internationalizing the Entrepreneurial firm

How many strategies do entrepreneurial SMEs internationalize without leaving their home country?

• 3

• 4

• 5

• 6

SMEs can enter foreign markets through three broad modes:

• Direct exports, Licensing/franchising, FDI

• Direct exports, FDI and Become suppliers for foreign firms

• Licensing/franchising, FDI and Become suppliers for foreign firms

• Another answers

Five Entrepreneurial Strategies:

• Growth, Innovation, Network, Financing/Governance, Harvest/Exit

• Growth, Creation, Network, Financing/Governance, Harvest/Exit

• Development, Creation, Network, Financing/Governance, Harvest/Exit

• Growth, Creation, Network, Financing/Governance, Gathering/Exit

Which is NOT an advantage of an IPO?

• Improved financial condition

• Access to more capital

• Diversification of shareholder base

• Good privacy

An entrepreneur owns, operates, and takes the risk of a business venture

• True

• False

 Entrepreneur is _______. They set goals, make decisions, and act on their decisions.

• Action on orientation

• Act on feelings

• Act according to judgment

• Action on purpose

Which is the first round of public trading of company stock?

• Liability of newness 

• International entrepreneurship

• Initial public offering (IPO)

• Small and Medium Sized Enterprise (SME)

 What aren’t the strategies that characterize a growing entrepreneurial firm?

• Harvest/exit

• Financing/governance

• Innovation

• Direct exports

Insights on entrepreneurship by the three leading perspectives on strategy not include:

• Industry

• Institution

• Resource

• Social

Entrepreneurs are engines of creative destruction

• True

• False