Question 1

Both high-performing and low-performing small ventures have problems with

Accepted Answer

A) long-range planning. 
B) a poor planning climate. 
C) unfavorable economic conditions. 
D) both a and c. 
A) long-range planning. 
B) a poor planning climate. 
C) unfavorable economic conditions. 
D) both a and c. A

Question 2

What is one possible way to avoid the pitfall of no market niche (segment)?

Accepted Answer

A) conduct a market analysis 
B) check market niches in marketing journals to determine which one the venture falls into 
C) clearly specify which market niche the venture plans to target 
D) create a new one 
A) conduct a market analysis 
B) check market niches in marketing journals to determine which one the venture falls into 
C) clearly specify which market niche the venture plans to target 
D) create a new one C

Question 3

Identify the key dimensions influencing a firm's strategic planning activities.

Accepted Answer

There are five factors that shape the strategic management activities of growing companies. These factors are: demand on strategic manager's time; speed of decision making; problems of internal politics; environmental uncertainty; the entrepreneur's vision.

Question 4

Which of the following is a pitfall to avoid in planning?

Accepted Answer

A) lack of priorities 
B) lack of profit 
C) no admission of possible success in the plan 
D) refusal to write items down 
A) lack of priorities 
B) lack of profit 
C) no admission of possible success in the plan 
D) refusal to write items down

Question 5

The emphasis of the business plan should never be the final implementation of the venture.

Accepted Answer

A) True 
 B)False

Question 6

Describe the value of strategic planning as evidenced by research studies.

Accepted Answer

All of the current research indicates th

Question 7

Identify the approaches that can be used to implement a strategic plan.

Accepted Answer

There are four approaches described in C

Question 8

Which of the following ratios are analyzed using a pro forma balance sheet?

Accepted Answer

A) sales to revenue 
B) inventory turnover 
C) stockholders' equity to owners' equity 
D) R & D costs 
A) sales to revenue 
B) inventory turnover 
C) stockholders' equity to owners' equity 
D) R & D costs

Question 9

Which of the following is suggested for helping in the oral presentation of a business plan?

Accepted Answer

A) the use of mnemonic devices 
B) the use of 3"* 5" index cards 
C) rote memorization 
D) utilization of key words on an outline 
A) the use of mnemonic devices 
B) the use of 3"* 5" index cards 
C) rote memorization 
D) utilization of key words on an outline

Question 10

The final copy of the business plan should be

Accepted Answer

A) paper clipped so that the financial sources can easily look through it. 
B) put in a plastic folder. 
C) professionally bound and typeset. 
D) none of the above. 
A) paper clipped so that the financial sources can easily look through it. 
B) put in a plastic folder. 
C) professionally bound and typeset. 
D) none of the above.

Both high-performing and low-performing small ventures have problems with

What is one possible way to avoid the pitfall of no market niche (segment)?

Identify the key dimensions influencing a firm's strategic planning activities.

Which of the following is a pitfall to avoid in planning?

The emphasis of the business plan should never be the final implementation of the venture.

Describe the value of strategic planning as evidenced by research studies.

Identify the approaches that can be used to implement a strategic plan.

Which of the following ratios are analyzed using a pro forma balance sheet?

Which of the following is suggested for helping in the oral presentation of a business plan?

The final copy of the business plan should be

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mindset in Individuals

The Entrepreneurial Mind-Set in Organizations - Corporate Entrepreneurship

Innovation and Pathways to Entrepreneurial Ventures

Social Entrepreneurship Ethical Challenges

Legal Challenges of Entrepreneurial Ventures and Sources of Capital for Entrepreneurs

Assessment of Entrepreneurial Opportunities and Marketing Research for Entrepreneurial Ventures

Valuation of Entrepreneurial Ventures and Harvesting the Entrepreneurial Venture

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Exam 7: Developing an Effective Business Plan and Strategic Entrepreneurial Growth

Both high-performing and low-performing small ventures have problems with

What is one possible way to avoid the pitfall of no market niche (segment)?

Identify the key dimensions influencing a firm's strategic planning activities.

Which of the following is a pitfall to avoid in planning?

The emphasis of the business plan should never be the final implementation of the venture.

Describe the value of strategic planning as evidenced by research studies.

Identify the approaches that can be used to implement a strategic plan.

Which of the following ratios are analyzed using a pro forma balance sheet?

Which of the following is suggested for helping in the oral presentation of a business plan?

The final copy of the business plan should be

Entrepreneurship: Evolutionary Development-Revolutionary Impact

The Entrepreneurial Mindset in Individuals

The Entrepreneurial Mind-Set in Organizations - Corporate Entrepreneurship

Innovation and Pathways to Entrepreneurial Ventures

Social Entrepreneurship Ethical Challenges

Legal Challenges of Entrepreneurial Ventures and Sources of Capital for Entrepreneurs

Assessment of Entrepreneurial Opportunities and Marketing Research for Entrepreneurial Ventures

Valuation of Entrepreneurial Ventures and Harvesting the Entrepreneurial Venture

Filters