Multiple Choice
Growing a Web-Development Company (Scenario)
Vincent and Alice are partners in a one-year-old web development business called Spy-der Web Execution. Vincent comes from a graphic design background and specializes in the look and feel of web projects. Alice comes from the computer gaming industry and is a highly experienced programmer and web developer—with a particular leaning toward Wordpress as a website backbone.
So far they have brought in less business than they had anticipated—about 25 percent less. As a result, they are operating at just a little below break even, and it is costing them about $500 a month to cover expenses (including rent on a small office space where they meet clients) . The situation is disappointing and was not anticipated by either Vincent or Alice.
As with many businesses like this that are easy to get into with little investment, they did not do a full feasibility study or business plan. They are unsure about how to divide up their responsibilities (who is responsible for what) , and therefore neither person is proactively going after new business, managing each project's budget, and determining even if they are making money on the work.
You are now in the role of advising the partners about a number of issues.
-Of all the key elements of organizing their venture,the two-person partnership would likely have been least concerned about ________.
A) organization design and structure
B) research and development
C) employee retention
D) leading change
Correct Answer:

Verified
Correct Answer:
Verified
Q3: In a short essay,describe the nature of
Q4: In a fear-of-failure culture managers are hesitant
Q5: Creators of innovation that disrupt the status
Q6: The execution stage of starting an entrepreneurial
Q7: Typically,entrepreneurs are looking to hire individuals who
Q9: Along with organization design and structure,human resource
Q10: Growing a Web-Development Company (Scenario)<br>Vincent and Alice
Q11: The International Standards Organization has developed standards
Q12: A Mature Café (Scenario)<br>Sarah has been operating
Q13: In face of change,an entrepreneur must take