Module 3 Flashcards
Entrepreneur as risk bearer, who is seeking arbitrage.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).
a.
Entrepreneur has specific personal characteristics and is a coordinator of production resources.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).
b.
Entrepreneur has a strong need fo achievement, applied in the field of business and education plays an important role.
a. Cantillon (1725).
b. Say (1803).
c. McClelland (1961).
c.
Entrepreneurs need to:
a. Effectuate
b. Avoid overconfidence and understand other cultures.
c. Learn from failures.
d. Speak more than one language to travel the world.
e. All of the above.
a.b.c.
True or false. Entrepreneurs tend to use a causal process more often than an effectuation process.
False. They tend to use an effectuation process more.
Starts with a desired outcome. Focuses on the means to generate that outcome.
a. Causal process
b. Effectuation process
a.
Starts with what one has. Selects among possible outcomes.
a. Causal process
b. Effectuation process
b.
Principles of effectuation: link numbers to letters
1. Bird-in-hand
2. Crazy quilt
3. Lemodade
4. Affordable loss
5. Pilot-in-the-plane
a. Prescribes committing in advance to what one is willing to lose rather than investing in calculations about expected returns to the project.
b. Prescribes leveraging surprises for benefits rather than trying to avoid them, overcome them, or adapt to them.
c. Urges relying on and working with people as the prime driver of opportunity rather tha limiting entrepreneurial efforts to exploiting factors external to the individual.
d. Means-driven action, emphasizes creation of something new with existing means rather than discovering new ways to achieve given goals.
e. Involves negotiating with any and all stakeholders who are willing to make actual commitments to the projects, without worrying about opportunity costs, or carrying out elaborate competitive analyses.
1d
2e
3b
4a
5c
What is overconfidence caused by / leads to?
a. Behavioral anomalies
b. Increased risk of failure
c. Negative information
d. Positive information
e. All of the above
a.b.c.
What can contribute to failure among entrepreneurial firms?
Uncertainty, changing conditions, insufficient experience
True or false. Grief can interfere with the entrepreneur’s ability to learn from the failure, and can increase motivation to try again.
True
Working through, and processing, some aspect of the loss experience and, as a result of this process, breaking bonds with the object loss.
a. Loss-oriented
b. Restoration-oriented
a.
Based on both avoidance and a proactiveness towards secondary sources of stress arising from a major loss.
a. Loss-oriented
b. Restoration-oriented
b.
True of false. Entrepreneurial intentions can be determined by motivational factors that influence individuals to pursue entrepreneurial outcomes.
True
Conviction that one can successfully execute the entrepreneurial process.
a. Perceived desirability
b. Entrepreneurial self-efficacy
b.
Degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes.
a. Perceived desirability
b. Entrepreneurial self-efficacy
a.
Which one of those is not a culture dimension:
1. Long-term orientation
2. Feminity
3. Individualism
4. Power distance
5. Uncertainty avoidance
6. Indulgence
2.
The degree to which the members of a culture or society orient their thinking towards the more distant future versus today.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
1.
The degree of rigidity in the relations of individuals within a society.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
2.
The inequality of the distribution of power.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
3.
Measures the distribution of roles between genders.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
4.
Measures a society’s tolerance for ambiguity and uncertainty.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
5.
Measures the polarization against restraint.
1. Long-term orientation
2. Individualism
3. Power distance
4. Masculinity
5. Uncertainty avoidance
6. Indulgence
6.
Classifying countries by distinguishing a secular-rational values dimension on which one extreme is
characterized by importance of religion, deference to authority, absolute standards and traditional
family values, and the opposite, secular-rational, extreme by opposing preferences.
1. World Values Survey (WVS)
2. Global Leadership and Organizational Behavior Effectiveness (GLOBE)
1.
