What Factors Do You Have to Consider When Selecting a Target

question 24

Multiple Choice

What factors do you have to consider when selecting a target industry for a venture:

• A) The technology life cycle stage of the industry overall, often reflected by new technologies, products, and services recently announced by players in the industry
• B) The channels of distribution within an industry
• C) No existing barriers to entry that might make your life extremely difficult as an entrepreneur
• D) All of the above

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Definitions:

Behavioral Model

A framework for understanding and predicting individual behavior through analysis of observable actions and external stimuli.

Initiating Structure

A leadership behavior characterized by clearly defining roles, setting tasks, and establishing channels of communication for achieving objectives.

Consideration Behaviors

The actions or approaches taken by individuals or leaders that show attention to and care for the feelings and needs of others.

Primary Weakness

The most significant shortcoming or area needing improvement in an individual, system, or process.