Exam 1: Practicing Entrepreneurship

Corporate entrepreneurship and intrapreneurship are different processes.

According to the textbook,entrepreneurship has traditionally been viewed as ______.

Michael is a franchise restaurant owner.Which of the following best describes his franchising costs?

Research revealed what percentage of Inc.500 founders wrote formal business plans prior to launching their companies?

By definition,a ______ is a systematic way of approaching a task.

Your classmate is planning a new venture.He has spent a lot of time on planning and analysis,taking a managerial approach as he attempts to predict the future.This type of path is typically taken by what type of entrepreneur?

Family-owned businesses account for ______ of new jobs in the U.S.economy.

Discuss the statement "Entrepreneurship can be taught (it's a method that requires practice.)" Do you agree? Why or why not?

As an entrepreneur,if you have to choose between planning an action and taking an action,you should opt for taking the action.

Discuss the Act-Learn-Build model as it relates to risk takers.

Bill Gates and Mark Zuckerberg are shining examples of overnight success.

Tony is a manager at a company that builds solar panels.In his position,he used the feedback from his team members as the basis of a plan for the company to start installing the solar panels in order to enhance the company's competitive position and profitability.Tony is an example of a(n)______.

The entrepreneurial method requires consistent practice so that ______ can be continuously developed and applied to future endeavors.

______ are people who start several businesses,whether at the same time or one after the other.

As babies,we learned by trial and error.Through traditional education,we think more like ______.

According to the authors,anything you do that requires deliberate practice helps develop ______,which is/are transferable to entrepreneurship.

The process approach to entrepreneurship emphasizes ______.

Successful entrepreneurs have a tendency to collaborate with competitors.

High performers use ______ to carry out carefully focused efforts to improve performance.

Bill is the paternal head of his family as well as the family enterprise.He is concerned about the business and wants to ensure its survival for the long run.You,as a consultant,advise him to focus on ______.