Identify the four important considerations/strategies in recruiting and assembling an effective team and organizational culture outlined in the text.
What will be an ideal response?
1. The entrepreneur's desired culture must match the business strategy outlined in the business plan.
2. The leader of the organization must create a workplace where employees are motivated and rewarded for good work.
3. The entrepreneur should be flexible enough to try different things.
4. Spend extra time in the hiring process.
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Giving opinions and vague impressions allows the reader to form their own opinion about the validity of information provided
Indicate whether the statement is true or false.
What is meant by calibrating?
a. The use of interpersonal space to convey meaning. b. Process of observing behavior before critical questions are asked. c. The strongest response to a threatened ego. d. Reinforcement of the confessor's decision.
_____ are classified along a continuum ranging from positive to negative, with neutrality at the midpoint.
a. Attitudes b. Beliefs c. Values d. Ideas
Return on net worth equals return on assets times _____
a. profit margin b. cost of goods sold c. asset turnover d. financial leverage