Entrepreneurship - Chapter 9
Quiz
Networks are made up of nodes, connect by ties.
- True
- False
Networks are thought to be important to entrepreneurs because:
- They are a source of ideas and feedback
- Network members may hold valuable resources
- Network members may become customers or suppliers
- All of the above
Trust is an important factor in networks because:
- You can’t trust someone you don’t know
- It helps us to deal with complexity
- Our investments might go wrong otherwise
- It’s hard to meet people you don’t trust.
Which of the following statements is not true?
- Networks can link individuals
- Networks can link groups and enterprises
- Networks may be based on family or professional ties
- Networks are not very common
Web-based social networks are most successful if they:
- Charge for using facilities
- Have high volumes of regular users
- Sell advertising content
- Have capacity for posting videos
Which of the following is NOT generally a barrier to successful networking?
- Shyness
- Being wary of strangers
- Not having enough money
- Weak communication skills
Which is not a means of overcoming personal barriers to networking?
- Seek an introduction to individuals
- Attend events which are labelled as an opportunity to network
- Not paying attention to other people
- Seek common ground in conversation
Which statement is untrue? Pitching is an essential skill for networking because:
- People aren’t interested in listening
- Being succinct in your message is appreciated by other people
- You need to be prepared to speak to people at any time
- Practising helps you to clarify what you have to offer.
Benefits of using web-based social networks for entrepreneurial purposes do NOT include:
- Being able to operate illegally
- Inexpensive access to potential customers
- Potential for brand-building
- Opportunity to market test something new
Networks are NOT good vehicles for:
- Sharing resources
- Learning
- Finding partners
- Organising your finances