METHODOLOGY ASSESSMENT 2 - Venture Creation: The Entrepreneurial Organization

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Initial Growth of a business occurs in which phase of its life cycle?

An entrepreneurial organization places innovation and opportunism at its heart in order to produce ___________________________.

An entrepreneurial organization should stay entrepreneurial (innovate and grow) ______________________________________.

A/an ______________ organization has few or no levels between staff and executives, which allows it to move more strategically and adapt more quickly.

An entrepreneurial organization does not just exist for its own sake. It should be engineered for a specific purpose or to exploit a specific advantage. This means that an entrepreneurial organization should be _________________.

When the people in an organization are given responsibilities, resources, and the authority to execute within their areas of responsibility, it is called a/an ______________________ organization.

The founder of an entrepreneurial organization should structure things so that everyone in the organization is a leader within their areas of authority, but everyone is also a/an _____________________ in other areas.

Another building block of the entrepreneurial organization is its culture, which should be open and inclusive. What does this mean?

The structure of an entrepreneurial organization should be less hierarchical, which lets you _______________ the exploitation of opportunitiies.

The business model is a component of an entrepreneurial organization that describes the organization's high-level strategy. On the operational side, the business model also explains how the organization can create _________________ , which will allow the organization to be sustainable.

The future position and value of an entrepreneurial organization is the organization's __________________.

A description of the entrepreneurial organization and its purpose is known as the _________________ of the organization.

"Company A is a leading orchestrator of the new global economy with Africa in the center" is an example of an organization's ______________ and is part of that organization's high-level corporate strategy.

Conditions like products and services offered, markets, technology, production capability, sales methods, distribution channels, natural resources, profit, and return on investment (ROI) are examples of the __________________________ of an organization's strategy.

"People first" is something you might find in the organizational ______________ section of the high-level strategy for that organization.

Traditions, ethics, and other standards that influence the way things are accomplished in an entrepreneurial organization are included in the ____________ section of that organization's high-level strategy.

What is the most important thing a business model should communicate about an organization?

When your organization ____________________________, it now has something it can exchange for money or other resources.

An organization's business process model includes those business processes ______________________________________________________.

Which of the items listed here describes how the organization designs, manages, markets, sells, delivers, and supports its products and services?

Which of the items listed here describes how the organization develops and manages its human capital, IT, financial resources, assets, enterprise risk and compliance, external relationships, and business capabilities?

Some elements that are external to the actual organization but are still very important to its business model are found on the Stratos Business Model Canvas in the central rectangle representing the internal business. These elements are _________________________________________________________________.

The central question for your business model is "How do we fulfill our purpose to serve our clients in a sustainable way while ________________________________________________________?"

If someone says their sustainable business model is characterized by "evolution," it means they are planning for their business to be able to _____________________________________________________________________.

Profit is a gain or positive increase, not just in terms of money, but in the form of any of these value systems or asset classes: financial, social, spiritual, resource, intellectual, political, or physical.

Are customers also considered to be stakeholders?

Which business model element answers these questions: "With whom do we partner, align, and/or collaborate?" and "What and who do we use to reach our customers?"