Week 2 papers

Question 1

What are the 5 different phases of growth according to (Greiner, 1972)?

Answer 1

1) Creativity
2) Direction
3) Delegation
4) Coordination
5) Collaboration

Question 2

What is an important element of the phases proposed by (Greiner, 1971)

Answer 2

Each phase is strongly influenced by the previous one

Question 3

What are the 3 different growth strategies according to (Krogh & Cusumano, 2001)?

Answer 3

1) Scaling
2) Duplication
3) Granulation

Question 4

Explain the growth strategy scaling by (Krogh & Cusumano, 2001)

Answer 4

Focuses on doing more of what a company is already good at by scaling

Question 5

Explain the growth strategy duplication by (Krogh & Cusumano, 2001)

Answer 5

Replicating successful business model in new markets

Question 6

Explain the growth strategy granulation by (Krogh & Cusumano, 2001)

Answer 6

Creating new business units that explore new technologies

Question 7

What do (Mullins & Forlani, 2005) find?

Answer 7

Most entrepreneurs prefer the risk of ‘missing the boat’ over ‘sinking the boat’

Question 8

What happens when entrepreneurs use external money according to (Mullins & Forlani, 2005)?

Answer 8

They are more willing to choose riskier ventures with a higher probability of loss

Question 9

What were entrepreneurs with high-risk propensity more likely to do according to (Mullins & Forlani, 2005)?

Answer 9

Take ventures with a higher likelihood of loss

Question 10

What is the study of (Shane, 2001) about?

Answer 10

The probability that an invention will be commercialized through firm formation is influenced by its importance, radicalness, and patent scope

Question 11

What did the study of (Shane, 2001) find?

Answer 11

Inventions are more likely to lead to new businesses if they are important, radically innovative, and have a broad patent protection.