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 (C)</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 (C)</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 (B)</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. (D)</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. (A)</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. (D)</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. (C)</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. (B)</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. (D)</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 (A)</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 (C)</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 (A)</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 (D)</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 (C)</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 (D)</p> Signup and view all the answers

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

<p>Founders’ shares (C)</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 (A)</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 (C)</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 (B)</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 (D)</p> Signup and view all the answers

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

<p>Financial constraints (A)</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. (D)</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. (B)</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. (D)</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. (D)</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? (C)</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. (C)</p> Signup and view all the answers

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