Exam 9: Growing Internationalizing The Entrepreneurial Firm

Many SMEs are founded by former employees of large firms who feel frustrated by their inability to translate innovative ideas into realities at the large firms.

Which of the following is true of an individualistic and low uncertainty-avoidance society?

_____ involves lending small sums ($50-$300)used to start small businesses with the intention of ultimately lifting the entrepreneurs out of poverty.

Destination Avenue,a travel agency,has recently introduced free Wi-Fi and laptop charging facilities in its buses.In this case,which of the following aspects of the VRIO (value,rarity,imitability,and organizational)framework is the agency focusing on?

All firms that internationalize follow a stage model.

Informal investment is mostly made by _____.

Which of the following statements is true of financing an entrepreneurial firm?

Small and medium enterprises (SMEs)are important because:

Analyze how formal and informal institutions affect entrepreneurship.

In the context of entry modes,_____ involves strategic alliances with foreign partners (such as joint ventures),foreign acquisitions,and/or greenfield wholly owned subsidiaries.

Discuss two ways for entrepreneurial success.

Simon is a product engineer at Worldly Solutions Inc.Even though he is well paid,he is frustrated because his new ideas and product designs are rejected as "non-feasible" by the members of the top management.So,he intends to start his own firm where his ideas will take shape.In this scenario,Worldly Solutions Inc.does not possess the characteristic of _____ to become an entrepreneurial firm.

According to the VRIO (value,rarity,imitability,and organizational)framework,resources must be imitable to ensure entrepreneurial success.

_____ has the lowest level of informal investment.

Entrepreneurs are founders and owners of new businesses or managers of existing firms.

In the context of entry modes,which of the following statements is true of the stage model?

Duador is a country that displays a high risk-taking behavior and has tolerance toward any changes.In this case,which of the following statements is true of Duador?

The resource-based view posits that it is largely intangible resources such as vision,drive,and willingness to take risk that fuels entrepreneurship around the globe.

An entrepreneurial firm can leverage its (tangible)resources such as financial capital in order to grow,even though it may be short on (intangible)vision and drive.

One of the biggest advantages of SME licensing and franchising is expanding abroad while risking relatively little capital.?