English Language Tests-Intermediate level's archive The entrepreneurial life cycle (1) 1. Robert W. Price writes that the entrepreneurial life cycle repeats itself in businesses of all sizes, from start-ups in a to corporate entrepreneurship activities in global Fortune 500 companies. garage garden toolbox trailer 2. It starts with an entrepreneur who perceives an opportunity, creates an organization to pursue it, assembles the required resources, implements a practical plan, and the risks and the rewards, all in a timely manner for all involved. assumes consumes presumes resumes 3. This is the significant difference that entrepreneurial management apart from other business management practices: in almost all cases, the person making the decisions has personal risk at stake. draws makes puts sets 4. The worst-case for folks 'at work' is getting fired; the worst case for entrepreneurs is losing their home, personal credit, and lifestyle, as well as the destruction of family relationships. imbroglio intaglio portfolio scenario 5. We define entrepreneurial management as the practice of taking entrepreneurial knowledge and utilizing it for increasing the effectiveness of new business as well as operating small- and medium-sized businesses. instigating invigorating venturing verifying 6. The heart of entrepreneurial management is continually these vital management issues: the mission and values statement, the goals and objectives, growth strategy, people and resources, organizational capabilities, financing strategy, and its vision of success. belaying bobbling jousting juggling 7. These vital management issues and activities play in what we call the entrepreneurial life cycle. about on out through 8. It was once said that entrepreneurship is a lot like driving fast on an icy road, but we prefer to think of entrepreneurship as less and more methodical. feckless intuitive prohibitive reckless 9. Entrepreneurship is a continual problem-solving process; it is like putting together a huge puzzle; at first pieces will seem to be missing, obscure, or not clearly recognizable. anacrostic crossword jigsaw sudoku 10. Size, profitability, commitment, complexity, scale of organizational structure, decrease in risk, increase in value, and decrease in involvement characterize each stage of the entrepreneurial life cycle. builders' creators' founders' progenitors' . English Language Tests-Intermediate level's archive The entrepreneurial life cycle (1) 1. Robert W. Price writes that the entrepreneurial life cycle repeats itself. credit, and lifestyle, as well as the destruction of family relationships. imbroglio intaglio portfolio scenario 5. We define entrepreneurial management as the practice of taking entrepreneurial. juggling 7. These vital management issues and activities play in what we call the entrepreneurial life cycle. about on out through 8. It was once said that entrepreneurship is a lot