Orson Inc, an Entrepreneurial Venture, Does Not Have Any Distinctive Services

question 20

Multiple Choice

Orson Inc., an entrepreneurial venture, does not have any distinctive services when compared with the well-established competitors in the same field, and the business will require a sizable investment. In which quadrant of the entrepreneurial strategy matrix will the venture be placed?

• A) high innovation/low risk
• B) high innovation/high risk
• C) low innovation/low risk
• D) low innovation/high risk
• E) medium innovation/low risk

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Definitions:

Accommodation

The process by which the eye's lens changes shape to focus on near or distant objects, or in psychology, altering one's beliefs to make them compatible with reality.

Assimilation

A cognitive process where individuals integrate new information into existing knowledge structures or schemas.

Schema

A cognitive framework or concept that helps organize and interpret information in the world around us.

Structure

The arrangement or organization of components within a system or the manner in which something is built or organized.