Quiz Maker LogoMake your own QuizCopy & Edit
Make your own quizManage my QuizzesPlans / FeaturesGuides and HelpContactPrivacy & Security

METHODOLOGY ASSESSMENT 2 - Venture Creation: The Entrepreneurial Organization

This assessment contains 28 multiple-choice questions. The passing score is 80 percent.
Read each question or statement. Select the best answer or completion from the options provided.
This assessment contains 28 multiple-choice questions. The passing score is 80 percent.
Read each question or statement. Select the best answer or completion from the options provided.
Please enter your full name:
Initial Growth of a business occurs in which phase of its life cycle?
Phase 1 - Opportunistic
Phase 2 - Refine
Phase 3 - Establish
Phase 4 - Decide
An entrepreneurial organization places innovation and opportunism at its heart in order to produce ___________________________.
Economic and social value.
Economic or social value.
economic value.
Social value.
An entrepreneurial organization should stay entrepreneurial (innovate and grow) ______________________________________.
During its entire life cycle.
Only in the Maturity phase.
Throughout the Startup phase.
Until it is sold publicly.
A/an ______________ organization has few or no levels between staff and executives, which allows it to move more strategically and adapt more quickly.
Flat
Fluid
Open
Organic
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 _________________.
Agile.
Strategic.
Tactical.
Traditional.
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.
Employee-owned
Entrepreneurial
Leader-led
Manager-led
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.
Employee.
Follower.
Manager.
Owner.
Another building block of the entrepreneurial organization is its culture, which should be open and inclusive. What does this mean?
Each department should share information on a "need to know" basis only.
Members of the organization should be led but not micro-managed by executives.
Racial, gender, and religious discrimination should be strictly forbidden.
Social interaction and communication of ideas should be actively facilitated.
The structure of an entrepreneurial organization should be less hierarchical, which lets you _______________ the exploitation of opportunitiies.
Avoid
Maximize
Minimize
Mitigate
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.
Disruption
Equity
Reputation
Value
The future position and value of an entrepreneurial organization is the organization's __________________.
Culture.
Driving force.
Mission.
Vision.
A description of the entrepreneurial organization and its purpose is known as the _________________ of the organization.
Culture.
Mission.
Values.
Vision.
"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.
Climate.
Culture.
Mission.
Vision.
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.
Cultural values
Driving forces
Economic forecast
Mission statement
"People first" is something you might find in the organizational ______________ section of the high-level strategy for that organization.
Drivers
Mission
Values
Vision
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.
Climate
Culture
Mission
Values
What is the most important thing a business model should communicate about an organization?
How an organization will logically create value
The hierarchical structure of the organization
The organization's detailed business processes
Where an organization will get their funding
When your organization ____________________________, it now has something it can exchange for money or other resources.
Creates market value
Hires the best people
Leverages its network
Safeguards its assets
An organization's business process model includes those business processes ______________________________________________________.
That align with and support the corporate strategy.
That define the corporate value-creation priorities.
That describe the high-level corporate strategy.
That explain the organization's structural design.
Which of the items listed here describes how the organization designs, manages, markets, sells, delivers, and supports its products and services?
Business model
Business process model
High-level corporate strategy
Organizational model
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?
Business model
Business process model
High-level corporate strategy
Organizational model
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 _________________________________________________________________.
Business Environment from local to international
Customers/Stakeholders, Channels, and Partners
Governments, International Organizations, and NGOs
Value Chains, Clusters, Ecosystems, and Networks
In order to minimize unneeded effort and reduce confusion, it is important to decide early on the appropriate _________ for your business model. In other words, you need to decide whether the focus will be on project, process, product/service, or enterprise.
Format
Funding
Level
Sponsors
The central question for your business model is "How do we fulfill our purpose to serve our clients in a sustainable way while ________________________________________________________?"
Creating the most disruption in the market?
Making the greatest profit for shareholders?
Quickly generating the highest stock price?
Sharing the benefits with our stakeholders?
If someone says their sustainable business model is characterized by "evolution," it means they are planning for their business to be able to _____________________________________________________________________.
Change gradually with expected shifts in the business environment.
Change rapidly when the business environment shifts dramatically.
Grow quickly by multiplying their customers and revenue over time.
Grow slowly by adding customers and revenue each month or quarter.
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.
True
False
Are customers also considered to be stakeholders?
No
Yes
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?"
Customer element
Financials element
Network & Channel element
Process element
{"name":"METHODOLOGY ASSESSMENT 2 - Venture Creation: The Entrepreneurial Organization", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Since we view the Globalstratos \/ Afribiz companies as a\/an _____________________ economy, we set ourselves up to do business in much the same way as we believe the new economy should work – by regarding community needs and inclusion, as well as other environmental factors, to be the key components of a venture, project, or business. This allows us to model our vision of the new economy to our customers, partners, and other stakeholders., One important mission of the Globalstratos \/ Afribiz companies is to help individuals, communities, and organizations develop entrepreneurial enterprises that can ____________________________________________________________., A key differentiator for the Globalstratos \/ Afribiz model is that we not only build capacity, but we also address how to plug people, organizations, and communities into opportunities that we create by ____________________________________________________________________.","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}

More Quizzes

How well do YOU know Gryis?
15818
Contact Reason Test
520
ORU Trivia
26130
UNC Basketball Quiz
1586
Who Am I?
1050
Unit 6 Review
19100
Circular motion + force
1050
Financial Management 1
2010116
1986 Trivia
840
FVPC August Unit Meeting
13616
Medieval England
1050
CHANGE READINESS ASSESSMENT   Choose the number that best describes the negative behaviours in your organization. If it is 100% and always true, choose 10. If it is completely false choose 1. So you have to choose the number on a scale of 1 to 10. The context of this assessment is HR team of BFL.  Pay some attention to what is going on in the larger context of your overall group companies. Use your personal experience as well as what  you hear from others.
100
Quiz Maker Logo Make your own Quiz
Powered by: Quiz Maker