________ is the process of sharing power with employees.
A) Disempowerment
B) Motivation
C) Empowerment
D) Reinforcement
E) Instrumentality
C) Empowerment
Explanation: Empowerment is the process of sharing power with employees, thereby enhancing their confidence in their ability to perform their jobs and their belief that they are influential contributors to the organization.
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Based on the VRIO framework, which of the following start-up companies has the least potential to have a competitive advantage, to be profitable, and to grow?
A. a cat-sitting service, where you take care of people's cats when they are on vacation; you decide to advertise your services on Craigslist and the local newspaper B. a "companionship" service for elderly people who live alone because their children are busy working full-time jobs; working adults say such a service would be extremely valuable C. the only farm within a 100-mile radius that offers its customers organic beef and organic dairy products such as eggs and milk; no other local company offers these products D. a portrait-painting service by a talented artist who is known for his ability to make all men look handsome and all women look beautiful; very few other artists in the local area have this talent E. an enrichment program for children that hires talented people and sends each of them to a different school each day of the week; a web-based app helps the manager keep track of all the employees' schedules and locations
Business strategy based upon technology leadership has advantages and disadvantages. List three examples of each.
What will be an ideal response?
What value of the bullwhip measure would indicate that the bullwhip effect exists?
A) greater than 1 B) greater than 0 C) less than 0 D) less than 1 E) 1
Answer the following statement(s) true (T) or false (F)Answer the following statement(s) true (T) or false (F)
1. In early-stage financing, small amounts are given so that entrepreneurs can prove a business concept 2. Seed-stage financing consists of small amounts of capital to help entrepreneurs prove a concept. 3. Entrepreneurs should not conduct due diligence on potential venture capital investors. 4. An angel investor is frequently a family member or close friend. 5. The experience of the cofounders and previous successes will influence an investor’s willingness to invest in your company 6. If an entrepreneur issues convertible debt, he or she will lose control of the company.