Isidore Security Services is a national provider of guard and security services for businesses.It has been in business for over 90 years, having been founded by one of Teddy Roosevelt's Rough Riders (Isidore O'Malley) .Lately, it has been losing clients to more aggressive and innovative firms offering remote security monitoring systems instead of a guard-based approach.The board of directors of Isidore Security Services is concerned that this downward trend may threaten the existence of this venerable firm and the jobs of its employees.Which of the following statements is true?
A) This is an example of an established firm neglecting the opportunity-seeking aspect of strategic entrepreneurship.
B) This example shows the dysfunctional aspects of unrestricted entrepreneurialism.
C) This is an example of the lack of human capital hampering internal innovation.
D) Isidore Security Services is suffering from the "novelty effect" wherein new firms are more attractive to clients/customers merely because they are new and not because they add value.
Correct Answer:
Verified
Q50: According to Peter Drucker, the primary goal
Q51: The number of patents held by an
Q52: Entrepreneurs tend to have all the following
Q53: If the firm's current employees are well-trained
Q54: Pet Care Companion Connection (PCCC) is an
Q56: Products developed through _ are often offered
Q57: BerEdel Group (BEG) is an international diversified
Q58: Roland has developed and patented an inexpensive
Q59: The risks of international entrepreneurship include all
Q60: _ exist(s) when there is a need
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents