Exam 14: Developing Networks

Chris develops his company plan alone.He is now ready to launch and is looking for a founding team.Since his business is in petrochemicals, he assumes that the best team will be from his former university classmates who studied the subject with him.Discuss the pros and cons of Chris's assumptions.

According to research studied, what element was reported as the most important factor to new venture success?

YouTube is used primarily for which of the following?

When working with a founding team, it is important to keep a "hands off" approach, keeping the lines of responsibility clear

Erik and Janessa are considering a member for the founding team who has superior programming skills for their new software-related product.His successful programs are numerous and well known.They know that they want to expand to other products, and his experience would be valuable.In a networking discussion, the programmer stated that he was good at what he did and that working on Erik and Janessa's software would be "as good as any." Erik and Janessa felt that that was a sign that he was willing to be a founder.Discuss the advantages and disadvantages of adding him to the team.

A self-selected stakeholder is characterized by which of the following?

This dimension describes the type of social ties you have or don't have.

What social networking feature allows you to search people's bios using keywords?

Caine has been asking her boss for a promotion.Yesterday, Caine's supervisor asked Caine to take on an assignment that will require some overtime.The task is difficult, but the supervisor says that she will coach her through it.Caine considers the assignment but thinks that it will be too much work and declines.What advantage to networking did Caine decline?

Strong ties to family and friends can be restrictive to the entrepreneur because they are less likely to challenge our ideas.

Which of the following best describes the purpose of a founding team?

Sang attends a conference on 3D printing and discovers that, while everyone is interested in the technology, people attending come from all walks of life.What is the nature of the social capital that Sang has an opportunity to develop?

Sue and Chris have just started a waste recycling company and would like to engage in virtual networking.Discuss some of the ways that Sue and Chris might start.

What two questions should be asked when considering founding team members?

Which of the following would represent a successful networking venture?

Why did the founder of ThingMagic suggest that one should consider having a balance of personalities in order to achieve success?

Allen doesn't mind getting his hands dirty.As the co-owner of a small 10-person brewery, he is frequently seen scrubbing out containers, sweeping the floor, and ordering sandwiches for meetings.Recently, he was advised that he should not be doing these things, as doing so would lower his perceived image with the employees, who need to feel that he is in a special role.Discuss what Allen's response should be.

What is the recommended first step to determining who has the right skills for your founding team?

Kirby is selling to an IT company that is known for a casual work attire.Even though Kirby has just finished with a presentation and is in a sports jacket and tie, he stops off at home to put on a casual shirt and sweater.What is Kirby's action indicative of?

Which of the following would best describe the term cognitive comprehensiveness?