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Corporate Governan...
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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

True or False



1

Small businesses and entrepreneurial firms create a very small percentage of new jobs in the U.S. economy.
A)TRUE
B)FALSE
2

The threat of retaliation by established firms is something that small and young firms need to consider.
A)TRUE
B)FALSE
3

"Bootstrapping," according to the text, is used by young firms to decrease borrowing by getting the most out of every dollar and doing without anything but the bare necessities.
A)TRUE
B)FALSE
4

Most start-up businesses fail due to the fact that the founders lack commitment and neglect the business.
A)TRUE
B)FALSE
5

Employees who identify new product ideas or services are product champions.
A)TRUE
B)FALSE
6

Evolutionary applications of novel ideas within existing paradigms are radical innovations.
A)TRUE
B)FALSE






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