Inc4803 Exam Preparation 2023(Oct_nov2020_2021)

Characteristics of entrepreneurial activities {Ans: highly uncertain,}Soylent Case Study: {Ans: Explores strategic considerations in customer selection and market entry strategy for a new product, highlighting the importance of identifying and prioritizing potential customer segments.}Three Principle of Entrepreneurial strategy {Ans: 1. Choice Matters 2. These Choices Matter 3. These Choices Matter Together}Choosing between beachhead markets means choosing between {Ans: Equally Viable S-curves}Competing with Established Firms or Competing to Partner with Established Firms? {Ans: }Step three recommends you test how many beachhead markets {Ans: 2}Step 2: Strategic Ranking of Alternative Beachheads {Ans: Sequencing Strategic fit}disruptive innovations emerge in the _______ as incumbents {Ans: same/parallel}Choose your organization and identity {Ans: * founder purpose * external position * ecosystem * internal organization}1- Choice matters * from active view of strategy {Ans: The key strategic choice that entrepreneurs make is to choose their environment}Idea does not equal strategy t or f {Ans: t}crossing the chasm requires {Ans: changing the value proposition for a given idea}Xerox created several "brand-new" S-curves, but was not able to jump {Ans: true}Do our products/features need to change substantially? {Ans: }choosing how to implement that idea in