According to effectuation, entrepreneurs should focus on:Question 22Answera.leveraging available resourcesb.minimizing uncertaintiesc.maximizing market shared.following a linear business plan

Effectual entrepreneurs typically:Question 16Answera.embrace uncertainty and ambiguityb.seek external validation before taking actionc.collaborate with established competitorsd.set rigid goals and milestones

Which of the following best describes the approach of effectual entrepreneurs?Question 9Answera.They experiment and learn from failures.b.They pursue a predetermined market opportunity.c.They focus on predicting and controlling the future.d.They rely heavily on external expertise and resources.

According to effectuation, entrepreneurs:Question 14Answera.create opportunities by leveraging their resources and skillsb.ceek external funding before starting a venturec.innovate based on existing technologyd.start with a predetermined market demand

Which of these can help entrepreneurs to determine market opportunity?a.Creating an effective ideation.b.Checking for environmental factors.c.Checking for creativity potential.d.Creating an effective mind map.

When an entrepreneur engages in business analysis, s/he takes into account all of these factors except: a) Feasibility of the idea b) Preferred lifestyle c) Marshalling resources d) Planning the business