One of the Best Ways for an Entrepreneurial Firm to Overcome

question 30

Multiple Choice

One of the best ways for an entrepreneurial firm to overcome the liability of newness is:

• A)​Take the firm through an initial public offering (IPO).
• B)​Draw on entrepreneurs' social networks.
• C) ​Follow a specialized form of differentiation strategy.
• D) ​Use currently underutilized resources and capabilities better.

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Definitions:

Collaborative Decisions

Decision-making processes or actions that involve multiple stakeholders working together to achieve a consensus or shared outcome.

Information Quality

The degree to which data is accurate, reliable, and relevant for decision-making.

Principle Supply Chain

Refers to the fundamental elements and processes involved in moving a product from supplier to customer, including production, transportation, and distribution.