Complete the Following Statements

question 24

Short Answer

Complete the following statements:
Firstly, establishing a shared vision for the venture requires that members of the team start out with an essentially similar set of ______ about what they want to ______. Secondly, members of the team need to begin with a broadly similar set of values regarding the proposed venture. In this context, the term values refers to ______ and ______ regarding the kind of venture you want to establish and your general approach to the task. Thirdly, we need to consider the motivation of individual team members. There are two relevant aspects to motivation: the ______ of the motivation (i.e. what are the factors driving this person to take part in the venture?); and its ______ (i.e. how strongly is the person driven to contribute to the success of the venture?).

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Definitions:

Patents

Intellectual property rights granted to an inventor, giving the holder exclusive rights to the invention for a certain period.

Copyrights

Legal rights given to creators for the protection of their original works, limiting the use of these works by others without permission.

Franchises

A type of license that grants a franchisee access to a franchisor’s proprietary business knowledge, processes, and trademarks, thus allowing the franchisee to sell a product or service under the franchisor's business model.

Plant Assets

Long-term tangible assets that are used in the production or supply of goods and services, such as machinery, buildings, and vehicles.