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entrepreneurship theory process practice

Questions and Answers of Entrepreneurship Theory Process Practice

12. What is the meaning of the term critical risks?
13. Describe each of the three financial statements that are mandatory for the financial segment of a business plan.
14. Why should a business plan be updated?
15. Outline some of the critical points to capture in an ele- vator pitch.
13.1. Discuss the importance of strategic planning with emerging firms
13.2. Describe the nature of strategic planning
13.3. Outline the challenges of managing entrepreneurial growth
13.4. Explain the transition from an entrepreneurial to managerial approach
13.5. Identify the key factors that play a major role during the growth stage
13.6. Discuss the complex management of paradox and contradiction
13.7. List the steps useful for breaking through the growth wall
13.8. Explain the factors involved in growth hacking
13.9. Identify the challenges involved with "blitzscaling"
13.10. Explore the elements of building an entrepreneurial company
13.11. Identify the unique managerial concerns with growth businesses?
How is the strategic plan of an engineer/scientist entrepreneur likely to be different from that of an entrepreneur whose primary strength is in the manu- facturing area? Be complete in your answer.
Successful ventures balance entrepreneurial character- istics with managerial style. What does this statement mean?
10. Identify and describe the four key factors that need to be considered during the growth stage.
12. Identify the key factors in growth scaling
Define blitzscaling and identify its challenges.
14. Identify five unique managerial concerns of growing businesses.
16. Explain the concept of entrepreneurial leadership.
4. One of the most popular methods of business valuation is the adjusted tangible book value. Describe how this method works.
5. Explain how the P/E method of valuation works. Give an example.
7. How do the following methods of valuing a venture work: fixed price, multiple of earnings, return on investment, replacement value, liquidation value, excess earnings, and market value? In each
8. Explain why the following are important factors to consider when valuing a business: start-up costs, accuracy of projections, and degree of control.
14.1. Explain the importance of valuation
. Outline the underlying issues involved in the acquisition process
14.3. Describe the basic elements of due diligence
14.4. Outline the various aspects of analyzing a business
. List the major points to consider when establishing a firm's value
14.6. Highlight the available methods of valuing a venture
14.7. Discuss the three principal methods currently used in business valuations
14.8. Explain the additional factors that affect a venture's valuation
15.1. Discuss the concept of "harvest" as a plan for the future
15.2. Explain the key factors in the management succession of a venture
15.3. Identify some of the most important sources of succession
15.4. Explain the potential impact of regulations on family business succession
15.5. Outline the ways to develop a succession strategy
15.6. Describe the specifics of an initial public offering (IPO) as a potential harvest strategy
15.7. Discuss "selling out" as a final alternative in the harvest strategy?
2. A number of barriers to succession in privately held businesses exist. Using Table 15.1, identify some of the key barriers.
3. What pressures do entrepreneurs sometimes face from inside the family? (Use Figure 15.1 in your answer.)
4. What pressures do entrepreneurs sometimes face from outside the family? (Use Figure 15.1 in your answer.)
5. An entrepreneur can make a number of choices regarding a successor. Using Table 15.2 as a guide, dis- cuss each of these choices.
6. How might the Oakland Scavenger Company case affect succession decisions in small businesses?
10. Why do entrepreneurs look forward to the day when they can take their company public?
11. What eight steps should be followed to harvest a busi- ness? Discuss each of these steps.
Describe the contemporary methods of new venture evaluation: design methodology and the Lean Start-Up methodology.
What is the macro view of entrepreneurship?
What are the schools of thought that use the macro view of entrepreneurship?
What is the micro view of entrepreneurship?
What are the schools of thought that use the micro view of entrepreneurship?
What are the three specific types of displacement?
Describe the “framework of frameworks” approach to entrepreneurship.
Explain the predominance of new ventures in the economy.
Define a gazelle, and discuss its importance.
Paul Medwick is a commercial banker. In the past month, he has received loan applications from three entrepreneurs. All three have fledgling businesses with strong potential. However, Paul believes
What is entrepreneurial cognition, and how does it impact the mind-set of entrepreneurs? How does metacognition come into play here?
Is it true that most successful entrepreneurs have failed at some point in their business careers? Explain.
Describe factors associated with the entrepreneurial ego.
Ethics must be based more on a process than on a static code. What does this statement mean? Do you agree? Why or why not?
What is the concept of entrepreneurial motivation, and how has it been depicted?
When Southwest Airlines first taxied onto the runway of Dallas’s Love Field in 1971, industry gurus predicted it would be a short trip to bankruptcy for the Texas-based airline. But the first
What are two reasons that such a strong desire to develop corporate entrepreneurs has arisen in recent years?
What are some of the corporate obstacles that must be overcome to establish a corporate entrepreneurial environment?
What are some of the innovative principles identified by James Brian Quinn that companies need to establish?
What are five useful rules for innovation?
What are three advantages of developing a corporate entrepreneurial philosophy?
Identify the four key elements on which managers should concentrate to develop a corporate entrepreneurship strategy.
Explain the differences between radical and incremental innovation.
Identify the five specific entrepreneurial climate factors that organizations need to address in structuring their environment.
What are the roles of middle managers in corporate entrepreneurship? Be specific.
Not long ago, the average person was not aware of such delicacies as sushi and kiwi. Today, they flourish as accepted foods throughout the world. With that in mind, Susan Marring proposes a new
Define asocial entrepreneur.
Social enterprise can be classified into distinct categories. List some of the categories.
What are the forms of international alliances?
When entering the international marketplace, entrepreneurs should follow what five specific steps?
Explain the challenges involved in new-venture development.
During the past four months, George Vazquez has been putting together his plan for a new venture. George wants to open a pizzeria near the local university. The area has three pizza enterprises, but
List four major types of problems that new ventures confront.
Explain the traditional methods of new venture evaluation: profile analysis, feasibility criteria approach, and comprehensive feasibility method.
Explain the importance of establishing the legitimacy of a new venture.
Identify the three main pathways to entering business for a prospective entrepreneur.
Chris Wasserberg is a salesperson for a Fortune 100 firm. He has a bachelor’s degree in marketing and is one of the firm’s best salespeople. Chris will likely become a sales manager if he stays
What is the new-new approach to starting a new venture?How does this approach differ from a new-old approach?
Describe what dimensions the “Newness Framework” is based on.
What is meant by the term franchise?
How can a prospective franchisee evaluate a franchise opportunity? Explain.
When Joyce and Phil Abrams opened their bookstore one year ago, they estimated it would take them six months to break even. Because they had gone into the venture with enough capital to keep them
The Friendly Market is a large supermarket located in a city in the Southwest. “Friendly’s,” as it is popularly known, has more sales per square foot than any of its competitors because it
Why would a venture capitalist be more interested in buying a convertible debenture for $500,000 than lending the new business $500,000 at a 4 percent interest rate?
What is the objective of Regulation D?
If a person inherited $100,000 and decided to buy stock in a new venture through a private placement, how would Regulation D affect this investor?
How has crowdfunding changed the landscape of new-venture financing?
Some entrepreneurs do not like to seek new-venture financing because they feel that venture capitalists are greedy. In your opinion, is this true? Do these capitalists want too much?
Identify the legal forms available for entrepreneurs structuring their ventures: sole proprietorship, partnership, and corporation.
What is the ULPA? Describe it.
Explain the limited liability partnership.
What is a limited liability company?

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