Using the information about managing a small business presented in this chapter, analyze whether you would like to work in a small business—either as an employee or as a founder. Given your personality, background, and experience, does working in or starting a new business appeal to you? What are the reasons for your opinion?
Answer to relevant QuestionsWhat characteristics make an industry attractive to entrepreneurs? Based on these characteristics, which industries are most attractive to entrepreneurs? The U.S. automotive industry is well established, with several large and many small competitors. Describe the unexploited niches in the U.S. auto industry and tell how entrepreneurs could offer products that fill those ...What is meant by unity of command? By the scalar principle? Can an organization have one without the other? Explain. In a traditional setting, is an ethics officer more likely to hold a line position or a staff position? Could the position be either a line position or a staff position? How about both? In all of your answers, be sure to ...What are the benefits of using the learning organization approach to design? Now consider that, in order to learn, organizations must be willing to tolerate many mistakes because it is only through the effort of ...
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