Dimensions of Entrepreneurial Context Quiz
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Questions and Answers

According to the authors, what is the primary purpose of defining context?

  • To explain the motivations behind starting a new enterprise
  • To categorize the different types of entrepreneurial opportunities
  • To identify the factors that enable or constrain entrepreneurship
  • To understand the diverse outcomes of entrepreneurial behavior (correct)
  • How many dimensions of context do the authors identify?

  • 5
  • 6 (correct)
  • 4
  • 7
  • According to the second study by Welter (2011), what does the 'where' dimension of context refer to?

  • The historical influences on an enterprise
  • The circumstances that enable or constrain entrepreneurship
  • The combination of opportunities and risks faced by entrepreneurs
  • The place or location of an entrepreneur or enterprise (correct)
  • Which of the following is NOT mentioned as an example of the 'where' dimension of context?

    <p>Historical influences</p> Signup and view all the answers

    According to the second study, how does context affect entrepreneurial behavior?

    <p>By enabling or constraining entrepreneurial and innovative behavior</p> Signup and view all the answers

    What is the primary focus of the two studies mentioned in the text?

    <p>Examining the role of context in entrepreneurship</p> Signup and view all the answers

    What is the definition of digital entrepreneurship?

    <p>The pursuit of new venture opportunities presented by new media and internet technologies.</p> Signup and view all the answers

    How has Hofstede's cultural study influenced innovative and entrepreneurial activity?

    <p>It has been widely adopted by researchers and practitioners in understanding cultural dimensions.</p> Signup and view all the answers

    Why is the relationship between culture, innovation, and entrepreneurship considered complex?

    <p>Culture interacts with factors like history, geography, and economic infrastructure.</p> Signup and view all the answers

    How are Hofstede's ideas applied in research on entrepreneurship, innovation, and growth?

    <p>They are applied to analyze cultural dimensions in entrepreneurial and innovative studies.</p> Signup and view all the answers

    What is a key consideration highlighted regarding policy implications for enhancing innovation and entrepreneurship?

    <p>Culture must be taken into account, but there are no straightforward formulas for increasing innovation or entrepreneurship.</p> Signup and view all the answers

    Why have there been critiques of Hofstede's work in the twenty-first century?

    <p>Because some find fault with the methods used and the applicability of findings to present contexts.</p> Signup and view all the answers

    What is the primary reason for hardware stores to use database systems?

    <p>To allow users to access information on parts and process orders efficiently</p> Signup and view all the answers

    Why do travel agencies use automated booking and reservation systems?

    <p>To advise clients on the possibility of cheaper fares</p> Signup and view all the answers

    What is the primary characteristic of digital enterprises?

    <p>They use digital technology as the infrastructure to support their entire operations</p> Signup and view all the answers

    Which statement best describes the relationship between business processes and IT infrastructure in digital enterprises?

    <p>It is nearly impossible to disentangle business and social processes from their underlying IT infrastructures</p> Signup and view all the answers

    What is a common characteristic of the enterprises provided as examples of digital enterprises in Table 3.1?

    <p>They were founded after the year 2000, and their founders credit the growth in ICT for their success</p> Signup and view all the answers

    How do the managers of the hardware stores and travel agencies view their businesses?

    <p>They refuse to describe their businesses as digital businesses</p> Signup and view all the answers

    What type of securities did companies use to limit voting powers?

    <p>Founders’ shares</p> Signup and view all the answers

    Which company fought off bids by Trust House Forte by issuing lots of voting shares to family owners?

    <p>Savoy Hotel</p> Signup and view all the answers

    Why could Trust House Forte not get a majority of voting shares despite holding a majority of shares?

    <p>The family owners issued voting shares to dilute THF's control</p> Signup and view all the answers

    In the 1890s, which type of securities were as popular as government bonds for brewery companies despite having no voting rights?

    <p>Debentures</p> Signup and view all the answers

    Why did most family firms eventually dilute their control and equalize share voting rights?

    <p>To attract new investors and raise capital</p> Signup and view all the answers

    What prevented family members from taking up rights issues multiple times?

    <p>Financial constraints</p> Signup and view all the answers

    What was the received wisdom about the separation of ownership and control in US firms compared to British firms in the late 20th century?

    <p>US firms were quicker to separate ownership from control.</p> Signup and view all the answers

    According to Berle and Means, what was the potential reason behind the relative failure of British firms in the 20th century?

    <p>British firms were too focused on short-term dividends instead of long-term investment.</p> Signup and view all the answers

    What did Berle and Means argue about professional management compared to management by owner family members?

    <p>Professional management was better than management by owner family members.</p> Signup and view all the answers

    What was the received wisdom about family ownership of firms?

    <p>Family ownership was a recipe for disaster, especially in the long term.</p> Signup and view all the answers

    What question does the text raise about the argument made by Berle and Means?

    <p>Were British firms more family-oriented than comparable US firms?</p> Signup and view all the answers

    What does the term 'unchallenged' suggest about Berle and Means' argument regarding family ownership?

    <p>It suggests that their argument was widely accepted without opposition.</p> Signup and view all the answers

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