Exam 8: Module Special Topics in Strategy

Research has shown that small firms that mixed efficiency (low-cost)and flexibility (differentiation)strategies significantly outperformed those firms that utilized one or the other.

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(True/False)

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Question 1

Correct Answer:

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False

Describe the characteristics of an entrepreneurial venture and a small business.

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Question 2

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Small businesses are independently owned, operated, and financed. They have fewer than 100 employees, and they do not emphasize new or innovative practices. Additionally, small businesses have little impact on the industry. With entrepreneurial ventures, those organizations have innovative strategic practices, and those ventures may have risk involved. The strategic goals in entrepreneurial ventures are profitability and growth. Entrepreneurial ventures often seek out new opportunities.

Entrepreneurial ventures pursue opportunities, are characterized by innovative practices, and have growth and profitability as their main goals.

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Question 3

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True

A small business is defined as one that is independently owned, operated, and financed; has fewer than 100 employees; engages in innovation marketing practices; and has relatively little impact on its industry.

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Question 4

You recommend performing an external analysis for Chuck's Bikes and Trikes. The arguments to support this external analysis recommendation include

(Multiple Choice)

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Question 5

Small businesses account for ________ percent of the private sector output.

(Multiple Choice)

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Question 6

A strategic partnership between a not-for-profit organization and a corporate partner is referred to as

(Multiple Choice)

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Question 7

Explain the advantages and disadvantages of strategic planning with entrepreneurial ventures and small businesses.

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Question 8

In almost every study, strategy research has shown positive linkages between planning and business performance.

(True/False)

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Question 9

Which of the following is not an example of a not-for-profit organization?

(Multiple Choice)

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Question 10

Small businesses employ over half of all private workers.

(True/False)

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Question 11

Public sector organizations are not considered to be not-for-profit organizations.

(True/False)

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Question 12

Small businesses employ over ________ of all private workers.

(Multiple Choice)

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Question 13

Recruiting, motivating, and retaining employees is a big challenge for all organizations.

(True/False)

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Question 14

A not-for-profit organization must meet the requirements of ________ of the U.S. Internal Revenue Service tax code.

(Multiple Choice)

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Question 15

Small businesses and entrepreneurial ventures are the driving force of change in the process of

(Multiple Choice)

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Question 16

Charles Hanson has employed 25 employees even though the repair facility is located in a small rural town. Chuck's Bikes and Trikes is an example of

(Multiple Choice)

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Question 17

Which of the following is not a source of revenue for not-for-profit organizations?

(Multiple Choice)

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Question 18

The competitive strategy choices for small businesses and entrepreneurial ventures are

(Multiple Choice)

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Question 19

How do small businesses impact jobs?

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Question 20

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Research has shown that small firms that mixed efficiency (low-cost)and flexibility (differentiation)strategies significantly outperformed those firms that utilized one or the other.

Describe the characteristics of an entrepreneurial venture and a small business.

Entrepreneurial ventures pursue opportunities, are characterized by innovative practices, and have growth and profitability as their main goals.

A small business is defined as one that is independently owned, operated, and financed; has fewer than 100 employees; engages in innovation marketing practices; and has relatively little impact on its industry.

You recommend performing an external analysis for Chuck's Bikes and Trikes. The arguments to support this external analysis recommendation include

Small businesses account for ________ percent of the private sector output.

A strategic partnership between a not-for-profit organization and a corporate partner is referred to as

Explain the advantages and disadvantages of strategic planning with entrepreneurial ventures and small businesses.

In almost every study, strategy research has shown positive linkages between planning and business performance.

Which of the following is not an example of a not-for-profit organization?

Small businesses employ over half of all private workers.

Public sector organizations are not considered to be not-for-profit organizations.

Small businesses employ over ________ of all private workers.

Recruiting, motivating, and retaining employees is a big challenge for all organizations.

A not-for-profit organization must meet the requirements of ________ of the U.S. Internal Revenue Service tax code.

Small businesses and entrepreneurial ventures are the driving force of change in the process of

Charles Hanson has employed 25 employees even though the repair facility is located in a small rural town. Chuck's Bikes and Trikes is an example of

Which of the following is not a source of revenue for not-for-profit organizations?

The competitive strategy choices for small businesses and entrepreneurial ventures are

How do small businesses impact jobs?

Introducing the Concepts

The Context of Managing Strategically

Assessing Opportunities and Threats: Doing an External Analysis

Assessing Strengths and Weaknesses: Doing an Internal Analysis

Functional and Competitive Strategies

Corporate Strategies

International Strategies

Filters