Entrepreneurship: Successfully Launching New Ventures, 4e (Barringer/Ireland) Chapter 1 Introduction to Entrepreneurship Study Guide 1) According to the Global. Entrepreneurship: Successfully Launching New Ventures, 2006, Bruce R. Duane Ireland, 0131865153, 9780131865150, Pearson Prentice. Ebooks for Free downloads In one place.Current search Barringer And Ireland Entrepreneurship. View PDF Entrepreneurship in Health. Bruce Barringer EntrepreneurshipBarringer & Ireland, Entrepreneurship: Successfully Launching New Ventures. Bruce R. Barringer holds the Johnny D. Pope Entrepreneurship Chair in the Department of Entrepreneurship at Oklahoma State University. He earned his Ph. D from the University of Missouri and his MBA from Iowa State University. His research interests include feasibility analysis, firm growth, corporate entrepreneurship, and the impact of interorganizational relationships on business organizations. Over the years, he has worked with a number of technology- based incubators and student- led entrepreneurship activities and clubs. He serves on the editorial review board of Entrepreneurship Theory and Practice and Journal of Small Business Management. His work has been published in Strategic Management Journal, Journal of Management, Journal of Business Venturing, Journal of Small Business Management, Journal of Developmental Entrepreneurship, and Quality Management Journal. Bruce’s outside interests include running, trail biking, and swimming. Ireland R. Duane is a University Distinguished Professor and holds the Conn Chair in New Ventures Leadership in the Mays Business School, Texas A& M University. Previously, he served on the faculties at University of Richmond, Baylor University, and Oklahoma State University. His research interests include strategic entrepreneurship, corporate entrepreneurship, strategic alliances, and effectively managing organizational resources. Duane’s research has been published in journals such as Academy of Management Journal, Academy of Management Review, Academy of Management Executive, Strategic Management Journal, Administrative Science Quarterly, Journal of Management, Journal of Business Venturing, Entrepreneurship Theory and Practice, and Strategic Entrepreneurship Journal among others. He is a co- author of both scholarly books and textbooks, including best- selling strategic management texts. Mike Morris (Syracuse University), Duane serves as a co- editor for the Prentice Hall Entrepreneurship Series. These books offer in- depth treatments of specific entrepreneurship topics, such as Business Plans for Entrepreneurs (authored by Bruce Barringer). Duane has served or is serving on the editorial review boards for a number of journals, including AMJ, AMR, AME, JOM, JBV, and ETP. He just completed a term as Editor for AMJ. He has completed terms as an associate editor for AME and as a consulting editor for ETP and has served as a guest co- editor for special issues of a number of journals including AMR, AME, and SMJ. He is a Fellow of the Academy of Management and a Fellow of the Strategic Management Society. He is the current Vice President and Program Chair for the Academy of Management. He is the recipient of both teaching and research awards.
Duane’s outside interests include running, reading, listening to a variety of music, and playing with his grandson. ![]() Successfully Launching New Ventures, 4e (Barringer/Ireland) Chapter 1 Introduction to Entrepreneurship 1. Gift. Zip, the company.. Entrepreneurship: Successfully Launching New Ventures, 4e (Barringer/Ireland)Chapter 1 Introduction to Entrepreneurship. Gift. Zip, the company profiled in the opening feature for Chapter 1, makes moneyvia: A)B)C)D)E) payments from companies that offer gift cards for displaying their cards on the sitethe direct sale of gift cards displayed on its sitemonthly subscription feesonline advertisingearning an affiliate fee for gift card purchases that originate from its site 2. Which of the following was not a contributing factor to Gift. Zip's early success? A)B)C)D)E) It was becoming increasingly affordable to launch an online business. PRangel investor funding. People were becoming increasingly comfortable buying online. The gift card market was growing. According to the Global Entrepreneurship Monitor (GEM) 2. According to the Global Entrepreneurship Monitor (GEM) 2. A)B)C)D)E) to take advantage of an attractive opportunitydue to lack of career prospectsas a result of government incentivesbecause an important role model was an entrepreneurto gain prestige 5. Which of the following statements regarding business success (or failure) rates iscorrect? A)B)C)D)E) After four years, 1. After four years, 2. After four years, 5. Two out of three businesses fail within the first four years. Nine out of ten businesses fail within the first four years. From thisdescription, we can most accurately conclude that Apple has a high level of: A)B)C)D)E) enterprise focusinnovative intensityentrepreneurial intensitycreative intensityinnovative concentration 7. Sarah Thorton is the founder of a company named Extreme Sports Apparel. Thecompany makes apparel products for extreme sports enthusiasts such as rockclimbers, triathletes, parasailors, and BMX bikers. Sarah wants her company topursue a high level of corporate entrepreneurship. To achieve that goal, Sarah'sfirm should be: A)B)C)D)E) innovative, risk averse, and take a & quot; wait and see& quot; posturetaking a & quot; wait and see& quot; posture, innovative, and risk takingproactive, not innovative, and risk takingtaking a & quot; wait and see& quot; posture, not innovative, and risk averseproactive, innovative, and risk taking 8. Netflix is an established firm that encourages and emphasizes entrepreneurialbehavior throughout its various divisions. According to the textbook, Netflixpractices: A)B)C)D)E) tactical entrepreneurshipcorporate entrepreneurshipstrategic entrepreneurshipbusiness entrepreneurshipenterprise entrepreneurship 9. The three primary reasons that people become entrepreneurs and start their ownfirms are to: A)B)C)D)E) gain prestige, realize financial rewards, and eliminate risk in their livesdo what they were & quot; born& quot; to do, be their own boss, and gain prestigetake big risks, be their own boss, and do what they were & quot; born& quot; to dobe their own boss, pursue their own ideas, and realize financial rewardstake advantage of government subsidies, pursue their own ideas, and realizefinancial rewards 1. According to the textbook, the number one reason that people becomeentrepreneurs is to: A) realize financial rewards. B) gain prestige C) be their own boss. D) continue a family tradition. E) pursue their own ideas. James Quinn is starting a firm in the financial services industry primarily to pursuefinancial rewards. According to the textbook, starting a business to make a lot ofmoney: A)B)C)D) often fails to live up to its hypeis equally as satisfying as other reasons for starting a businessis the number one reason people start their own businessis the number two reason that people start their own business, right behind the lackof better career prospects. E) does not rank among the top three reasons that people start their own business. According to the textbook, the four characteristics of successful entrepreneurs are: A) passion for the business, on the cutting edge of technological change, verycharismatic, and tenacity despite failure. B) young and energetic, passion for the business, product/customer focus, and seeksrecognition. C) passion for the business, tenacity despite failure, product/customer focus, andexecution intelligence. D) on the cutting edge of technological change, forward thinking, tenacity despitefailure, and product/customer focus. E) passion for the business, seeks recognition, young and energetic, and executionintelligence. The number one characteristic shared by successful entrepreneurs is: A)B)C)D)E) a desire to achieve financial rewardspassion for the businessa desire to employ other peoplea desire to fulfill a lifetime dreama desire to bring a revolutionary new product or service to market 1. Which of the following was not identified in the textbook as one of the fiveprimary reasons passion is important for the launch of a successful entrepreneurialorganization? A)B)C)D)E) the ability to stick to a plan even when faced with evidence that changes are neededa willingness to work hard for an extended period of timeability to overcome setbacks and & quot; no's& quot; the ability to listen to feedback on the limitations of your organization and yourselfperseverance and persistence when the going gets tough 1. Stacey Wills, who is at heart a craftsperson, recently started a firm tomanufacturer a new innovative food blender. Stacey's desire is to sell her foodblender to as many people as possible, because she firmly believes in the merits ofher product. Stacey's story best illustrates which of the following characteristics, orattributes, of a successful entrepreneur? A)B)C)D)E) product/customer focusexecution intelligencetenacity despite failurea desire to please consumersa desire to gain financial rewards 1. According to thefeature, You. Caster failed for two primary reasons: A)B)C)D)E) a poorly equipped team of entrepreneurs and a lack of passiontoo few customers and a lack of intellectual property protectiona lack of resolve and poor execution intelligencea lack of execution intelligence and a poor product/customer focusa lack of passion and too few customers 1. Chad and Allison Druxman launched a firm several years ago and have beenparticularly successful in introducing new products to the marketplace. One thingthat Chad and Allison are particularly good at is translating their thoughts,creativity, and imaginations into products that reach the marketplace. The abilityto make this happen is most closely related to which of the followingcharacteristics of successful entrepreneurs? A)B)C)D)E) passion for the businessexecution intelligencetenacity despite failureproduct/market focusa desire for recognition 1. The Savvy Entrepreneurial Firm feature in Chapter 1 focuses on Revio Mobile(maker of Angry Birds) and Zeo, two companies that have produced successfulproducts. The feature's main purpose is to illustrate the importance of . Which of the following is not one of the five common myths about entrepreneurs? A)B)C)D)E) Entrepreneurs are tenacious. Entrepreneurs are moderate risk takers. Entrepreneurs should be young and energetic. Entrepreneurs love the spotlight. Entrepreneurs are born not made. Which of the following was not identified in the textbook as one of the commontraits and characteristics of entrepreneurs? A)B)C)D)E) has a strong work ethicintolerant of ambiguityvisionarypromoterdecisive 2. According to the textbook, entrepreneurs are: A)B)C)D)E) gamblersmoderate risk takersaggressive risk takersforceful risk takersminimal risk takers 2. Suppose you are a Small Business Development Center counselor and you'relooking at the personality profiles of five potential entrepreneurs. Based on theprofiles, which individual has the most desirable mix of personal characteristics tobecome a successful entrepreneur? A)B)C)D)E) Candidate A: visionary, energetic, moderate risk taker. Candidate B: seeks recognition, self- starter, creative. Candidate C: visionary, high risk taker, energetic. Candidate D: high risk taker, achievement- motivated, networker. Candidate E: tolerant for ambiguity, seeks recognition, motivated primarily by money 2. Which of the following is not a personality trait or characteristic common amongentrepreneurs? A)B)C)D)E) promotervisionaryshort attention spanalert to opportunitiesself- starter 2. Which of the following statement is correct regarding entrepreneurial activity andage ranges? A) The highest percentage of entrepreneurs falls in the 1. B) The highest percentage of entrepreneurs falls in the 2. C) The highest percentage of entrepreneurs falls in the 3. D) The highest percentage of entrepreneurs falls in the 4. E) The highest percentage of entrepreneurs falls in the 5. According to the textbook, the biggest jump in entrepreneurial activity, by agerange, from 1. A)B)C)D)E) 1. 9 years old and younger age range. According to Chapter 1, investors often cite the . According to Chapter 1, a sentiment that venture capitalists often express is that: A) the strength of the entrepreneur and the strength of the business idea are of equalimportance. B) they would never fund a strong entrepreneur with a weak business idea. C) they would rather fund a strong entrepreneur with a mediocre business idea thanfund a strong business idea with a mediocre entrepreneur. D) a new venture's marketing plan is more important than either the strength of theentrepreneur or the strength of the business idea. E) they would rather fund a strong business idea with a mediocre entrepreneur thanfund a strong entrepreneur with a mediocre business idea. Pacific Printing LLC is a startup that is working on a new technology for the printingindustry. Because the technology it's working on is highly proprietary, thecompany is located in the warehouse district of a large western city. Pacific'sfounder, Jan Sims, rarely gives interviews, and is careful to not divulge much aboutwhat the company is doing.
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