New-Venture Team and Liability of Newness Quiz

Providing guidance

A person who is also an officer of the firm

Signaling

<p>A panel of experts who provide counsel and advice on an ongoing basis</p> Signup and view all the answers

<p>Because new firms typically can’t afford to employ experts in many areas</p> Signup and view all the answers

<p>To mitigate the liability of newness and overcome limitations related to customer and supplier relationships</p> Signup and view all the answers

<p>Members with diverse abilities and experiences contribute to overcoming the liability of newness</p> Signup and view all the answers

<p>Building and maintaining relationships with people who are similar or whose friendship could bring advantages to the firm</p> Signup and view all the answers

<p>A chart depicting the most important skills needed in a new venture and where skills gaps exist</p> Signup and view all the answers

<p>Level of education, prior entrepreneurial experience, relevant industry experience, and the ability to network</p> Signup and view all the answers