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Exam 11: Anticipating Failure

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Question 51

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According to the text,why do many see failure as the path by which individuals travel to develop into entrepreneurs?

A) Once the business is closed,stress is reduced,freeing the mind for creative thinking.
B) The process of avoiding failure makes the entrepreneur more vigilant.
C) Failure can intensify the cognitive processes involved in learning,resulting in improvements in future performance.
D) Those who aren't suited for business get out early,leaving the field open for others' successes.

E) All of the above
F) None of the above

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Question 52

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According to Stanford psychologist Carol Dweck,people with ______ tend to believe that intelligence and talent is something we're born with,and they avoid failure at all costs.

A) a growth mindset
B) a fixed mindset
C) grit
D) an entrepreneurial mindset

E) All of the above
F) B) and D)

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Question 53

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When people feel comfortable enough to report failures,it is a sign that there is a successful blame-free environment.

Describe how a fear of failure affects entrepreneurs,including whether there are any positive aspects to a fear of failure.

Describe the steps you can take to create a blame-free environment.

According to psychologist Angela Lee Duckworth,grit is the quality that enables people to work hard and sustain interest in their long-term goals.

Two college friends started a company.While they were friends,they had never worked together.Why might their company fail?

Amy C Edmondson,professor of leadership and management at Harvard Business School,describes a spectrum for failure that runs from blameworthy to praiseworthy.According to Edmondson,a praiseworthy reason for failure is ______.

The Global Entrepreneurship Monitor report showed that the type of economy in which an entrepreneur is operating is a significant factor in fear of failure rates.

In the context of experimentation,what is another way to think about the word failure?