Using His Own Money and Resources, Shawnee-Who Had Recently Been

question 4

Multiple Choice

Using his own money and resources, Shawnee-who had recently been laid off from his job-started a new business based on the innovative ideas that he himself had generated. This is an example of a(n)

• A)entrepreneurship.
• B)joint venture.
• C)business incubation.
• D)diversification strategy.
• E)bootlegging venture.

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Definitions:

Shared Sense Of Purpose

A common understanding and commitment among members of a group or organization towards achieving a common goal.

Force-Field Analysis

A method developed by Kurt Lewin to analyze the factors that support or hinder a particular situation or change initiative.

New Direction

A change in strategy, goals, or objectives that leads an individual, team, or organization towards a different path or course of action.

Generic Change Model

A conceptual framework used to guide the process of implementing change in an organization, typically involving stages such as planning, execution, and review.