Exam 1: Exploring Entrepreneurship

According to the text many researchers have investigated...(fill in the blanks below). The idea that economic activity based on ______ clusters of smaller firms could be more ______ and flexible than either conventional ______ or large ______ corporations (e.g. Piore and Sabel 1984).

Match these types of innovation with their descriptions (based on Francis and Bessant 2005). -Component innovation.

Match these types of innovation with their descriptions (based on Francis and Bessant 2005). -Position innovation.

Match these approaches to marketing with their descriptions. -Use of developments in psychology and the social sciences to develop new ways of analysing and exploiting different consumer preferences and behaviours.

What is a social enterprise?

Match the type of knowledge with the relevant examples. -Social science knowledge with practical implications for entrepreneurship.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Co-creation of customer value.

Match the following stages of the Tuckman model to the typical communication patterns within the entrepreneurial team. -Performing.

What did Van Stel and Storey find from their study of UK enterprise policy? 'The lessons from the present paper are that public policies to raise the formation of new firms, particularly in areas, are likely to be ______ at best and ______ at worst'.

Match the following terms to their definitions. -Liabilities.

Match the type of knowledge with the relevant examples. -Practical knowledge of the entrepreneur.

Complete the following sentence by choosing the appropriate phrase for each gap. In much of the work adopting a ______ perspective, there is a largely ______ approach to entrepreneurship.

Fill in the missing words for this discussion of key performance indicators. In addition to the normal ______ produced as part of the management or statutory accounts there is other ______ information, which can give an ______ of how well (or not) an organization is ______.

Match the following team roles to their primary contribution. -Team Worker.

Match the following elements of a business plan with their descriptions. -Executive summary.

Match the following stages of the Tuckman model to the relevant outline of activity in a new venture. -Performing.

Complete the following insight offered by Simon Parker: 'In essence, the ______ of entrepreneurship analyses how economic ______ influence entrepreneurial behaviour, and how ______ In turn affects the broader economy.'

Match these approaches to marketing with their descriptions. -You work together with customers to create ideas, communities, events and lifestyles.

Complete the following sentence by choosing the appropriate phrase for each gap. In the late 20th century, a powerful coalition of economists and political scientists, sometimes referred to as the 'New Right', developed a series of ______ initiatives to create more ______ economies based on a ______ model.

Link the following entrepreneurial marketing techniques to the cases that illustrate their use. -Establishing personal credibility.