Podcast
Questions and Answers
What is one of the possible challenges faced by entrepreneurial firms when competing against established suppliers?
What is one of the possible challenges faced by entrepreneurial firms when competing against established suppliers?
- Inability to enter fragmented markets
- Decreasing demand for products or services
- Lack of technologically sound products
- Difficulty gaining initial adoptions from customers (correct)
Why are fragmented industries typically considered easy to enter?
Why are fragmented industries typically considered easy to enter?
- Lack of potential growth opportunities
- Presence of dominant competitors
- Firms of relatively equal size (correct)
- High barriers to entry
What is a key consideration for an entrepreneur looking to enter an industry experiencing declining demand?
What is a key consideration for an entrepreneur looking to enter an industry experiencing declining demand?
- Presence of dominant competitors
- Technological soundness of the product (correct)
- Erecting barriers to entry
- Short-lived growth trends
Why do emerging industries provide attractive opportunities for new ventures?
Why do emerging industries provide attractive opportunities for new ventures?
What may hinder an entrepreneur's ability to gain a foothold in a market against current suppliers?
What may hinder an entrepreneur's ability to gain a foothold in a market against current suppliers?
Why are there no barriers to entry for new competitors in fragmented industries?
Why are there no barriers to entry for new competitors in fragmented industries?
What is one drawback of competing against industries with established relationships with current suppliers?
What is one drawback of competing against industries with established relationships with current suppliers?
What must an entrepreneur ensure in order to survive a lengthy battle in gaining a foothold in the market?
What must an entrepreneur ensure in order to survive a lengthy battle in gaining a foothold in the market?
What must an entrepreneur ensure in order to compete effectively in a fragmented industry?
What must an entrepreneur ensure in order to compete effectively in a fragmented industry?
Why are fragmented industries normally easy to enter?
Why are fragmented industries normally easy to enter?
Why are emerging industries considered to provide the best opportunities for new ventures?
Why are emerging industries considered to provide the best opportunities for new ventures?
What type of industries provide the best opportunities for new ventures?
What type of industries provide the best opportunities for new ventures?
What makes it easy to enter a fragmented industry?
What makes it easy to enter a fragmented industry?
What should an entrepreneur investigate when considering entering a market niche experiencing growth?
What should an entrepreneur investigate when considering entering a market niche experiencing growth?
Why should an entrepreneur carefully investigate market niches experiencing growth?
Why should an entrepreneur carefully investigate market niches experiencing growth?
Why do declining industries face challenges despite some market niches experiencing growth?
Why do declining industries face challenges despite some market niches experiencing growth?
What is a key factor that can help an entrepreneurial firm succeed in a declining industry?
What is a key factor that can help an entrepreneurial firm succeed in a declining industry?
What is a characteristic of industries that are easy to enter but also lack barriers for new competitors?
What is a characteristic of industries that are easy to enter but also lack barriers for new competitors?
