Exam 8: Module Special Topics in Strategy

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Small businesses and entrepreneurial ventures can compete successfully in narrow market niches by developing a low-cost, differentiation, or integrated competitive advantage.

(True/False)
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Small businesses are independent businesses that have fewer than ________ employees.

(Multiple Choice)
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The number of markets served by a small organization is determined predominantly by

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A not-for-profit organization created, funded, and regulated by the public sector or government can be referred to as

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The main difference between large and small organizations' strategy evaluation efforts will be in terms of the magnitude or extent of evaluation that is done.

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One study reported that the global nonprofit sector had total operating expenditures of over ________ trillion

(Multiple Choice)
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Which of the following is not one of the unique strategies that have been developed for not-for-profit organizations in order to cope with changing environmental conditions?

(Multiple Choice)
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Both small businesses and entrepreneurial ventures play an important role in the global economy.

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According to the Global Entrepreneurship Monitor (GEM)2011 report, there are more than ________ million entrepreneurs in the 54 countries covered.

(Multiple Choice)
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A strategic advantage of entrepreneurial ventures/small businesses over large businesses is

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An alliance in which the not-for-profit organization proposes and initiates the partnership is referred to as

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Strategic piggybacking is the development of a new activity that would generate revenue for the not-for-profit organization.

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Chuck Hanson encourages his employees to come with new ideas and ways to do business to replace existing practices. This process is called

(Multiple Choice)
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A business that is characterized by innovative strategic practices and which has as its main goals profitability and growth is called

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One difference between an entrepreneurial venture and a small business is the former's

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Which of the following is a strategic advantage of small businesses and entrepreneurial ventures over larger businesses?

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A small business is one that has fewer than 100 employees.

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The strategic management process differs for small businesses and entrepreneurial ventures when compared to larger organizations because

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Entrepreneurial ventures and small businesses are not the same.

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Chuck's Bikes and Trikes is likely using the ________ strategy.

(Multiple Choice)
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