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Business English Exercises
 

The entrepreneurial life cycle (1)

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Home > Teaching Business English > Business English Lessons, Advanced Level # 228
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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.


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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.


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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.


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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.


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501 Business English Exercises — Printable, photocopiable.
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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.


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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.


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These vital management issues and activities play ......... in what we call the entrepreneurial life cycle.


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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.


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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.


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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.


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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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