Provide some reasons why a team approach to starting a business is preferable over a founder who wishes to go at it alone.
What will be an ideal response?
A growing body of research supports a team approach to startup for a variety of reasons:The intense effort required of a startup can be shared.Should any one team member leave, it is less likely to result in the abandonment of the startup.With a founding team whose expertise covers major functional areas-marketing, finance, operations-the new venture can proceed further before it will need to hire additional personnel.A skilled founding team lends legitimacy to the new venture in the eyes of lenders, investors, and others.The entrepreneur's ability to analyze information and make decisions is improved because he or she benefits from the diverse expertise of the team, and ideas may be viewed and analyzed from several perspectives.
You might also like to view...
What criteria do patients often use when selecting physicians?
a. medical schooling b. proximity to their home c. perceived image d. experience
Canned tuna fish is most likely to have:
A) high promotional elasticity and high holding cost. B) high promotional elasticity and low holding cost. C) low promotional elasticity and high holding cost. D) low promotional elasticity and low holding cost.
Which of these statements accurately describes exploratory informative presentations? a. They should resolve any unanswered questions on the topic. b. Experts on the subject may be tentative with their conclusions. c. They assume the audience has some previous knowledge about the topic. d. They do not invite the audience to learn or discover. ______ is a form of informative presentation that uses entertainment, often in the form of humorous stories, sad tales, or daring narratives of adventure, to inform audiences about important social issues. a. Reality television b. A feature story c. Edutainment d. Fake news ______ informative presentations describe interesting people, places, or events. A key to this type of speech is allowing the audience to imagine interacting with the person,
place, or event. a. Explanatory b. Exploratory c. Demonstrative d. Descriptive
Which transfer price approach is used when the transfer price is set at the amount sold to outside buyers?
A) Market Price B) Cost Price C) Negotiated Price D) Variable Price