BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 8 solutions complete answers

BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 8 solutions complete answers 

 

Entrepreneurial start-ups and small businesses ______.

 

True or false: New value is only associated with start-up companies.

 

Hobbies, past work experiences, suggestions by family and friends, technological developments and needs of customers are all sources of ______.

 

Which of the following statements regarding financial resources are true? (Check all that apply.)

 

Which of the following are the most important sources of financial resources for entrepreneurs? (Check all that apply.)

 

True or false: Small businesses create the majority of U.S. jobs.

 

When local businesses, prior jobs, industry organizations, and other contacts support an entrepreneur's new venture it is called ______ capital.

 

Which of the following factors must be present in order for an entrepreneurial venture to create new value? (Check all that apply.)

 

Entrepreneurial leaders must possess the characteristics of ______.

 

______ is the major factor that creates all viable opportunities that emerge in the business landscape.

 

New venture managers in the process of evaluating the threats and industry conditions should use Porter's Five Forces model to consider which of the following? (Check all that apply.)

 

Which of the following statements about the types of financial resources for new business are true? (Check all that apply.)

 

Which of the following statements regarding pioneering new entries are correct? (Check all that apply.)

 

______ are private individuals who provide equity capital to new ventures.

 

An overall cost leadership strategy requires new entrants to ______.

 

A venture's social capital consists of the firm's ______.

 

Which of the following statements about the major dangers that new entrants face are correct? (Check all that apply.)

 

Which of the following are characteristics necessary for successful entrepreneurial leadership? (Check all that apply.)

 

The intense rivalry, involving actions and responses, among similar competitors that has the potential to alter a company's strategy is known as ______.

 

Creators of new ventures should be particularly careful to evaluate both the ______ before entering a new market.

 

Which of the following are reasons companies launch new competitive actions? (Check all that apply.)

 

One strong risk associated with using a pioneering strategy is ______.

 

______ is a firm's awareness of its closest competitors and the kind of competitive actions they might be planning.

 

The keys to successfully implementing overall cost leadership include ______. (Check all that apply.)

 

Motivation for response and ______ should be evaluated before deciding how to respond to an attack by competitors.

 

Well-established incumbents may pose a threat to smaller new entries due to their ______.

 

Tactical actions ______. (Check all that apply.)

 

Which of the following is the most common reason why the cycle of competitive actions and reactions gets started?

 

Which of the following statements about single-industry businesses and competitive reactions is true?

 

Acts that might provoke competitors to react, such as new market entry or price cutting, is the component of competitive dynamic analysis known as ______.

 

In responding to an attack by a larger company, a small firm may be limited to ______.

 

Which of the following statements about threat analysis are true? (Check all that apply.)

 

A firm's strategy of both cooperating and competing with rival firms is called ______.

 

A competitor that has been attacked has to decide which of the following? (Check all that apply.)

 

A type of competitive action that requires significant planning and resource allocation is called ______ actions.

 

A firm that has a high concentration of its business in a particular industry is said to have high ______ dependence in that industry.

 

A larger firm with "deep pockets" would likely respond to a competitor by doing which one of the following?

 

A firm's choice not to react to a rival's new competitive action is known as ______.

 

 

A(n) ______ new entry describes a firm's entry into an industry with products or services that capitalize on proven market successes and that usually includes a strong marketing orientation.
 
 
A(n) _______ new entry is a firm's entry into a market by offering a product or service that is somewhat new and sufficiently different to create value for customers by capitalizing on current market trends.
 
 
A(n) ______ new entry is a firm's entry into an industry with a radical new product or highly innovative service that changes the way business is conducted.
 
 
Both pioneering and adaptive entrants usually involve some sort of _______ strategy to set their entry apart.
 
 
______ commonality is whether or not competitors are vying for the same customers and how many markets they share in common.
 
 
Companies using an adaptive new entry strategy must keep the idea ______.
 
 
A competitor's likely reaction to a competitive action initiated against it generally depends on which three factors?
 
 
Co-opetition has many benefits for companies that compete; however, they sometimes come under government scrutiny and are accused of ______, a practice that has legal consequences in the United States.
 
 
Crowdfunding investment systems bring together potential investors and entrepreneurs by announcing business ideas ______.
 
 
The discovery phase of the opportunity recognition process refers to ______.
 
 
The final step before initiating a competitive response is to ______.
 
 
A firm is most likely to react to a competitive challenge ______.
 
 
Firms are more likely to respond to competitive moves initiated ______.
 
 
In contrast to larger, established firms, young firms are more capable of doing which of the following in deploying low cost-leadership strategies? (Check all that apply.)
 
 
In terms of entrepreneurship, opportunity evaluation involves analyzing an opportunity to determine whether it is viable and strong enough to ______.
 
 
In the United States, the federal government provides support for entrepreneurial firms in which of the following key arenas? (Check all that apply.)
 
 
______ is funding a venture by pooling small investments from a large number of investors, usually through a website..
 
 
A key to using an imitative new entry successfully is to introduce the product or service to a market ______.
 
 
 
 
 
 
 
 
 
 

Opportunity recognition is the process of ______.
 
 
Potential customers of an adaptive new entry strategy must believe that the value proposition is ______.
 
 
Small companies are especially suited to using a focus strategy because they ______.
 
 
Start-ups that enter mature industries to create a niche market lend themselves to using a(n) ______ strategy.
 
 
The two factors that are used to assess whether or not companies are close competitors are ______ commonality and ______ similarity.
 
 
A viable business opportunity must be potentially profitable. In other words, it should be ______.
 
 
Which of the following are among the four qualities necessary for an opportunity to be viable? (Check all that apply.)
 
 
Which of the following are major types of strategic alliance for strengthening entrepreneurial firms? (Check all that apply.)
 
 
 
 
 
 
 
 

Which of the following are true about collusion among companies? (Check all that apply.)
 
 
Which of the following attributes of new ventures allow them to be more successful than larger firms in deploying low cost-leadership strategies? (Check all that apply.)
 
 
Which of the following statements about adaptive new entries are true? (Check all that apply.)
 
 
Which of the following statements about both pioneering and adaptive entry strategies is true? (Check all that apply.)
 
 
Which of the following statements about government resources are correct? (Check all that apply.)
 
 
Which of the following statements about opportunity recognition are true? (Check all that apply.)