1. What are the two key issues that arise when you create an effective entrepreneurial team from scratch?

1. team mentality and team synergy
2. team numbers and team quality
3. team composition and team roles
4. team experience and team experience

2. Establishing a shared vision amongst team members refers to ______.

1. starting out with an essentially similar set of ideas about what they want to create
2. sharing moral principles and standards of behaviour
3. sharing the factors driving them to take part in the venture
4. sharing profits in an equitable manner

3. According to Larson and Starr (1993), what are the three broad tasks (in relation to their networks) that entrepreneurs need to pursue in order to develop successful new ventures?

1. create new ties; develop existing ties; review existing ties
2. make weak ties stronger and make strong ties more diverse
3. ensure a mix of different types of ties
4. ensure that there are both weak and strong ties in the network

4. The following example of networking represents which type of activity: In an entrepreneurial setting, you might be: renewing contact with an old school friend, now working in a finance house, to provide advice or support for the venture; converting an informal contact made while on holiday into a potential client; or building a much closer relationship with a supplier, which may lead to a formal alliance or merger.

1. creating new ties
2. renewing and pruning existing ties
3. developing existing ties
4. extending existing ties

5. ______ between people in their personal contact network play an important communications role, enabling the entrepreneur to identify opportunities that are not evident to others.

1. Good relations
2. Weak ties
3. Strong ties
4. Unique connections