In the Context of the Entrepreneurial Strategy Matrix, a Novel

question 51

Multiple Choice

In the context of the entrepreneurial strategy matrix, a novel product idea that involves a large financial investment would be described as

• A) high innovation/low risk.
• B) high innovation/high risk.
• C) low innovation/low risk.
• D) low innovation/high risk.
• E) low innovation/no risk.

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Definitions:

Ethical Use

The responsible and morally sound use of resources, information, and authority, in a manner that is considerate to others and adheres to established norms or standards.

Legitimate Power

The authority that a person possesses as a result of their position or role within an organization or society.

Role Modeling

The process of influencing others by exemplifying behaviors, attitudes, and values for them to emulate.

Strategic Contingencies

Activities that other groups depend on in order to complete their tasks.