What is perhaps the best way for entrepreneurs to break into entrenched markets?
a. Be the low cost provider
b. Use business model innovation
c. Go head-to-head with the market leader
d. None of the above
b. Use business model innovation
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Pareto's Law suggests that 80% of a company's revenues or profits are accounted for by 20% of a firm's products or customers
Indicate whether the statement is true or false
Which of the following is a disadvantage of decentralization?
A) Decisions made by one manager may negatively affect the profitability of the entire company. B) Helps retain quality managers. C) Decision making by managers closest to the operations. D) Managers are able to acquire expertise in their areas of responsibility.
Which of the following types of firms recognizes the current and future benefits of interactions with various stakeholders?
a. Skeptical firm b. Pragmatic firm c. Engaged firm d. Idealistic firm
Power and influence have a ________ effect on job performance and organizational commitment.
A. moderate negative B. moderate positive C. weak positive D. strong negative E. strong positive