Michael Wants to Carry Out His Mentor's Long-Range Strategic Vision

question 23

Multiple Choice

Michael wants to carry out his mentor's long-range strategic vision of expanding the company's customer base by entering the casino business in Las Vegas.He issues a series of memos that explain the importance of these projects and makes sure that all necessary resources are at the disposal of the project management team,which is fortunate to have such a(n) :

• A)Creative originator at the helm.
• B)Entrepreneur.
• C)Godfather.
• D)Project manager.

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Definitions:

Startup

A new business venture in its early stages, typically characterized by innovation, fast growth, and a scalable business model.

Corporate Entrepreneurship

A process of creating new products, ventures, processes, or renewal within large organizations.

Intrapreneurship

The practice of applying entrepreneurial skills and approaches within an existing organization to drive innovation and strategic growth.

Planning

The process of making plans for something, including setting goals, defining steps, and allocating resources.