MOB 316 Test

subject Type Homework Help
subject Pages 3
subject Words 510
subject Authors Donald F. Kuratko

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Some entrepreneurs are easy to replace, and some cannot be replaced.
One of the benefits of a business plan for a financial source is that it forces the source to
view the plan for miscalculations.
The real value of any venture is its potential earning power.
Research has shown that there is a distinct lack of strategic planning in new ventures.
Relate some of the reasons for this lack of planning.
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An important issue in the Oakland Scavenger case is that of whether nonfamily
members should be allowed to be successors in family businesses.
Successful entrepreneurs fear failure the same way all people do.
The steps in developing a succession strategy are understanding the contextual aspects,
identifying successor qualities, and carrying out the succession plan.
What is the role of business brokers in acquiring an established entrepreneurial venture?
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Gazelles are almost always high tech.
How does a business plan benefit the entrepreneur?

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