A New Subsidiary (Scenario)

question 81

Multiple Choice

A New Subsidiary (Scenario)
Philip works for a large multinational corporation with offices in 23 countries, 64,000 employees worldwide, and $8 billion in annual sales. The company was involved in several different industries: automotive parts, rapid transit systems, and recreational vehicles. Philip is the executive vice-president of new technology ventures.
Philip wants you to investigate and potentially launch a business focusing on alternative energy systems. The first area you are to explore is the potential business opportunity of ocean tidal energy. You are to explore what technology already exists that can be exploited, what additional technology development is needed, and figure out the viability of the tidal energy as an entrepreneurial venture.
-One can see the three key facets of the Timmins Model of the Entrepreneurial Process.The corporation is providing the resources (financial,etc.) ,you are leading the team,and it is your job to uncover and clarify the ________.

• A)feasibility
• B)opportunity
• C)profitability
• D)marketability

---

Definitions:

Circumscription

The process by which individuals limit their career options based on perceived barriers or societal expectations.

Compromise

A method of resolving differences where each party makes concessions to reach a mutually acceptable agreement.

Self-Concept

An individual's understanding and assessment of their own abilities, traits, and characteristics.

Niche Seeking

The process of finding a specialized segment of a market or an area well-suited for a person's talents or interests.