Developing Networks and Building Teams

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Questions and Answers

Which of the following is NOT a benefit of developing networks?

  • Trading information and skills with others
  • Receiving expert advice and introductions
  • Gathering unique information from network contacts
  • Accessing private information (correct)

How many relationships can research show we effectively manage?

  • Up to 50 relationships
  • Up to 25 relationships (correct)
  • Up to 10 relationships
  • Up to 100 relationships

Which of the following is NOT a recommended way to build networks?

  • Participating in organizations for Entrepreneurs
  • Checking online for public calendars of local events
  • Using social media platforms (correct)
  • Attending networking events

What is impression management in the context of networking?

<p>Managing how people perceive you (A)</p> Signup and view all the answers

What should you do before attending a networking event?

<p>Research the attendees (C)</p> Signup and view all the answers

What is an elevator pitch?

<p>A rehearsed answer to the question 'Who are you and what do you do?' (A)</p> Signup and view all the answers

What is one networking tip mentioned in the text?

<p>Pay attention to how people perceive you (A)</p> Signup and view all the answers

Which organization is NOT mentioned as an organization for entrepreneurs?

<p>National Federation of Independent Business (C)</p> Signup and view all the answers

What is the value of social capital in networking?

<p>Providing expert advice and introductions (C)</p> Signup and view all the answers

What is the recommended approach to networking at events?

<p>Approach people you find interesting or relevant (B)</p> Signup and view all the answers

Which of the following is NOT a tip for effective networking?

<p>Commit fully to the discussion and look people in the eye when talking with them (B)</p> Signup and view all the answers

What is the value of having a diverse founding team?

<p>It leads to better performance compared to teams of individuals (A)</p> Signup and view all the answers

What is the role of mentors in entrepreneurship?

<p>They provide advice based on years of experience (B)</p> Signup and view all the answers

What is the purpose of "reading" the room when you arrive at a networking event?

<p>To adjust your pitch based on the information you gather (C)</p> Signup and view all the answers

What is the importance of team commitment and cognitive comprehensiveness?

<p>They help in avoiding groupthink (B)</p> Signup and view all the answers

What is the significance of self-selected stakeholders in entrepreneurship?

<p>They assist in building a better business by connecting entrepreneurs with resources (A)</p> Signup and view all the answers

What should an entrepreneur do when asking questions during networking?

<p>Ask questions and actually listen to the answers (B)</p> Signup and view all the answers

What is the recommended approach to building relationships during networking?

<p>Look for ways to help and have a meaningful dialogue (C)</p> Signup and view all the answers

Why is it important to have a founding team with complementary skills?

<p>It allows for a more hands-on approach (C)</p> Signup and view all the answers

What is the recommended timeframe for sending a follow-up note or email after networking?

<p>Within 24 hours (B)</p> Signup and view all the answers

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