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70.
In order for family-managed businesses to survive and prosper, management guru Peter
Drucker advises them to
71.
According to Peter Drucker, who should help plan succession for a family-managed
business?
72.
IPO is an acronym that stands for
73.
_____ are a way for a business to raise capital through federally registered and
underwritten sales of shares in the company.
74.
Which of the following is a reason why companies go public?
75.
A disadvantage of going public is the
76.
A reason why many entrepreneurs prefer to avoid going public is that they
77.
Renaldo is creating a business plan. His first formal step should be to
78.
A(n) _____ includes a description of the good or service, an assessment of the opportunity,
an assessment of the entrepreneur, a specification of activities and resources needed to
translate the idea into a viable business, and the individual's source of capital.
79.
Which of the following is the fundamental reason for creating an opportunity analysis?
80.
A(n) _____ is a formal planning step that focuses on an entire venture and describes all
the elements involved in starting it.
7-85
81.
Which of the following key planning elements should provide a competitive advantage that
can be defended?
82.
People's judgment of a company's acceptance, appropriateness, and desirability, generally
stemming from company goals and methods that are consistent with societal values, is
known as
83.
Ned has a wide network of relationships, and most of his acquaintances have a positive
opinion of his intelligence and integrity. This is an example of
84.
_____ provides a lasting source of competitive advantage.
85.
Which of the following nonfinancial resources is crucial to the success of a new business?
7-88
86.
The first step to building organizational support for an intrapreneur's idea that involves
explaining the idea to his or her boss and seeking approval to look for wider support is
called
87.
While building support for one's idea, getting together people who will offer support before
formal approval from higher levels is known as
88.
Which of the following stages for building support for an idea involves guaranteeing the
project's technical and political feasibility, often with a formal presentation to higher
management?
7-90
89.
Katie decides to offer one of her subordinates, Peter, his pick of tasks on a new project in
exchange for his vocal support of it at an upcoming meeting. In this case, Katie is
90.
"Horse trading," "making cheerleaders," "getting the blessing," and "clearing the
investment" are the steps in
91.
Steve works as a materials scientist for a paint manufacturer. He has developed a material
that does not work well in paint, but it could have applications as a deck sealant. Steve
has been made the team lead for a group of scientists tasked with determining some
marketable uses for the new material. The group could be referred to as
7-92
92.
_____ refers to informal efforts—as opposed to official job assignments—in which
employees work to create new products and processes of their own choosing and
initiative.
7-93
93.
Successfully fostering and managing intrapreneurship requires the company to
94.
Margo works in the software development team for a large corporation. Her employer
encourages employees to pursue new ideas on company premises and therefore she has a
side project involving applications for small kitchen appliances. In this scenario, Margo's
employer appears to support ____.
95.
The most dangerous risk in corporate entrepreneurship is possibility of
