Innovation through Start-ups

According to Timmons, central success factors for start-ups include the opportunity, the resources and the team.

• True

• False

If Julia opens another pizzeria next to the university, this company is for the first five years called a start-up.

• True

• False

According to Cantillon, the entrepreneur is someone who realizes profits via arbitrage.

• True

• False

Entrepreneurs typically show a low internal locus of control.

• True

• False

To succeed, entrepreneurs must own all the resources required for the business.

• True

• False

Start-ups often struggle to get bank loans.

• True

• False

The initial financing of start-ups is often achieved via an IPO.

• True

• False

Team members should be heterogenous in terms of aims and conflict culture.

• True

• False

According to Schumpeter, Entrepreneurship is associated with "Creative destruction".

• True

• False

According to Timmons, at the beginning, the opportunity is large while resources are rather limited.

• True

• False