In the Innovation and Triggering Event Stages of the Startup

question 111

Multiple Choice

In the innovation and triggering event stages of the startup process model (see Figure 2.3) in the text, which of the following personal characteristics are needed by the small business owner?

• A) Better opportunity
• B) Planning
• C) Commitment
• D) Risk taking

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Definitions:

Crisis Management Program

A structured approach prepared by organizations to identify, assess, and address potential crises, minimizing impact and guiding recovery.

Anticipate

Anticipate means to foresee or predict the likely occurrence of something and prepare for it in advance, often used in strategic planning and decision-making processes.

Plan

A detailed proposal for doing or achieving something.

Staff

The group of individuals who work for an organization, contributing their skills and labor to achieve the objectives of the organization.