Multiple Response Quiz


1	Why do enterprising ventures keep close to their customers?
		A)	to seek out new opportunities
		B)	to minimise risk
		C)	to make sure they are not stolen by the competition.


2	Why do the more entrepreneurial organisations tend to adopt flatter, more horizontal structures
		A)	to minimise management costs
		B)	to reduce reaction times
		C)	to speed-up technological innovation
		D)	to stimulate creativity


3	What, according to Hitt and Reed (2000) are the challenges firms face that attempt to create flatter organisational structures? They need to
		A)	Recruit and retain highly-trained flexible people
		B)	create new mind-sets for their workers
		C)	remove independent frames of reference and replace them with a cross-functional perspective


4	Which of the following is not one of the 6 processes that Eisenhardt et al (2000) believe to be necessary to balance the entrepreneurial venture at the edge of both chaos and time?
		A)	Improvisation
		B)	Co-adaptation or collaboration
		C)	Co-operation
		D)	Patching
		E)	Regeneration
		F)	Revitalisation
		G)	Experimentation
		H)	Time-pacing


5	What are the two criteria that Sonfield and Lussier (1997) use to classify the strategies of entrepreneurial ventures? Are they:-
		A)	Customer orientation?
		B)	Innovation?
		C)	Product portfolio?
		D)	Risk?


6	Reward systems affect the culture of the venture by:-
		A)	Controlling and shaping the behaviour of employees
		B)	Attracting in certain types of employee
		C)	Signalling how senior management expect them to behave
		D)	Encouraging non-conformists to leave the venture


7	According to Kanter (1983) the reward systems in entrepreneurial ventures emphasise
		A)	payment for past performance
		B)	investment in people and projects
		C)	continuous performance
		D)	successful completion of the task

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