Refer to the Scenario Below to Answer the Following Questions

question 82

Multiple Choice

Refer to the scenario below to answer the following questions.
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) social acceptance
• E) marketability

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Definitions:

Shared Models

Pertains to the common understanding or frameworks that members of a group or organization hold, allowing for coordinated actions and decisions.

Team Members

Individuals who are part of a group collaborating towards a common goal or project.

Cross-functional Teams

Teams composed of members from diverse functional areas within an organization, working together towards a common goal.

Training

The process of teaching or acquiring skills, knowledge, or competencies as a result of the teaching of vocational or practical skills and knowledge.