Start Ups and New Ventures (Chapter 6)
This is the process of starting a business by identifying opportunities and assembling resources.
What is Entrepreneurship?
These are broad, long-term achievements an organization aims for.
What are goals?
This level of strategy focuses on how to compete in a specific market.
What is business-level strategy?
This type of decision is repetitive and can be handled using rules or procedures.
What is a programmed decision?
This is the process of transmitting information and meaning from one party to another.
What is communication?
A business owned and managed by an individual for profit is called this.
What is a small business?
These specify how goals will be achieved.
What are plans?
This strategy seeks to create a unique product or service.
What is differentiation?
Unique, complex decisions that require judgment are called this.
What are non-programmed decisions?
Noise, language differences, and distractions are examples of this.
What are communication barriers?
This document outlines a new venture's goals, strategy and financial projections.
What is a business plan?
What are SMART goals?
What is a SWOT analysis?
This model describes decision makers as limited by time, information and cognitive ability.
What is bounded rationality?
This type of communication flows from lower to higher levels in an organization.
What is upward communication?
Entrepreneurs who start businesses within an existing organization are called this.
What are intrapreneurs?
This type of planning determines the organization's overall direction.
What is strategic planning?
This level of strategy determines which industries or markets to compete in.
What is corporate-level strategy?
This model describes how managers actually make decisions in organizational contexts.
What is the administrative model?
A group of people with complementary skills committed to a common purpose is called this.
What is a team?
This type of financing involves exchanging equity for startup capital from private investors.
What is venture capital?
This technique involves setting goals jointly by managers and employees.
What is management by objectives (MBO)?
Executing strategy successfully often depends on aligning structure, culture and this.
What are organizational systems/processes?
This decision-making approach involves intuitive and unconscious reasoning.
What is intuition?
This stage of team development involves conflict and disagreement.
What is storming?