 Strategic Management: Strategic Managment Gregory G. Dess,
University of Texas at Dallas
G.T. Lumpkin,
University of Illinois--Chicago
Effective Strategic Leadership: Fostering Corporate Entrepreneurship and New Venture Creation
Summary Review Questions| 1. What is the difference between discovery and formation in the process of opportunity recognition? Give an example of each.
2. How can bootstrapping help a young start-up or small business minimize its resource requirements? How would this impact decisions about strategic positioning?
3. What is the role of the product champion in bringing a new product or service into existence in a corporation? How can companies use product champions to enhance their venture development efforts?
4. Explain the difference between proactiveness and competitive aggressiveness in terms of achieving and sustaining competitive advantage.
5. Describe how the entrepreneurial orientation (EO) dimensions of innovativeness, proactiveness, and risk taking can be combined to create competitive advantages among entrepreneurial firms.
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2002 A McGraw-Hill Online Learning Centre