Entrepreneurial skills - Study guides, Study notes & Summaries

What comprises a new-venture team? correct answers the group of founders, key employees, and advisers that move a new venture from an idea to a fully functioning firm What is "liability of newness"? correct answers It refers to the fact that new companies often falter because the people involved can't adjust fast enough to their new roles and because the firm lacks a track record of success The founders - Founding team correct answers In the early days of a firm, the founders' knowledg...

1. A new graduate is seeking a new position in nursing and wants to "sell" herself effectively. The best strategy is to: a. Create a résumé. b. Practice interviewing. c. Call the personnel offices. d. Create a curriculum vitae correct answersANS: A A résumé provides a customized overview of details of your professional background that relates specifically to a position for which you are applying. Résumés advertise your skills to a prospective employer. 2. A nurse manager has been...

3 components of internal environments of an organization - Culture Values Climate 3 must have management skills - Conceptual/Decision Technical Interpersonal/Communication 3 ways to diagnose corporate culture - Dress Behavior Customer interaction Beliefs and values A CEO of a company would use which skills the most? - Controlling Autonomous work groups - Actually gather raw materials, quality control and responsible for an entire product or section of the production process. Barrier...

Test Bank for Organizational Behavior Managing People and Organizations, 14Ed., Ricky W. Griffin & Jean M. Phillips. ALL Chapters Included, Updated & LatestTest Bank for Organizational Behavior Managing People and Organizations, 14Ed., Ricky W. Griffin & Jean M. Phillips. ALL Chapters Included, Updated & LatestTest Bank for Organizational Behavior Managing People and Organizations, 14Ed., Ricky W. Griffin & Jean M. Phillips. ALL Chapters Included, Updated & LatestCOMPLETE - Elaborated Test Bank ...

MGMT100 TEST QUESTIONS WITH ALL CORRECT ANSWERS Common reasons for business failure - Answer- personal reasons, poor economic conditions, underestimation of start-up time, undercapitalisation, overestimation of market size, lack of managerial skills, lack of cash flow, wrong business location, poor selling point, incompetent human resources, ethical failure, zero strategic thinking, no commitment 5 stages of the entrepreneurial growth cycle - Answer- start-up, survival, growth, expansion,...

ETP2601 -ENTREPRENEURIAL SKILLS

QUESTIONS AND ANSWERS

2024 WGU C483 - PRINCIPLES OF MANAGEMENT ACTUAL QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Ans- Delivery of products or services What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A missi...

MAN 4720 Final Exam with Complete Solutions Strategic Management the ongoing process companies use to form a vision, analyze their external environment and their internal organization, and select one or more strategies to use to create value for customers and other stakeholders, especially shareholders Vision contains at least two components - a mission that describes the firm's DNA and the "picture" of the firm, as it hopes to exist in a future time period Strategy an action p...

Labor Land Capital Entrepreneurial skills correct answers Sources of wealth Salary correct answers Labor through hard work will allow them to earn? Rent correct answers Land will generate wealth in the form of? Interest correct answers As the venture is realizing good returns the capital will earn? Profit correct answers Managing the commercial affairs and ensuring that their company continuously grow and generate more? Finance correct answers Is the application of economic pri...