The What Went Wrong Feature in Chapter 9 Focuses on Monitor110

question 15

Multiple Choice

The What Went Wrong feature in Chapter 9 focuses on Monitor110, a 2005 startup that helped hedge fund managers and professional investors make better investment decisions . According to the feature, Monitor110's failure is an example of how a lack of ________ and ________ can damage a new venture team.

• A) teamwork, a well-qualified board of directors
• B) money, a highly motivated new venture team
• C) industry experience, prior entrepreneurial experience
• D) good legal advice, industry experience
• E) consensus, a clear leader

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Definitions:

Inference Rules

Rules that govern the logical steps allowing the deduction of conclusions from premises.

Means-end Analysis

A problem-solving strategy that involves breaking down problems into smaller, more manageable parts and addressing these to achieve a desired goal.

Incremental Steps

Small, progressive actions or changes made to gradually achieve a larger goal.

Systematic Test

A methodical approach to testing that follows a plan, guidelines, or set procedures to evaluate outcomes.