When the expression uncertainty is discussed in Chapter 2, a four-tiered matrix is displayed which attempts to define the entrepreneurial playing field and how it typically differs from the managerial playing field in terms of uncertainty (Sarasvathy). Which characteristics fall into the quadrant in which entrepreneurship typically plays?
A) high uncertainty, high risk, high opportunity, minimal planning
B) high uncertainty, high risk, minimal opportunity, minimal planning
C) high uncertainty, low risk, high opportunity, minimal planning
D) high uncertainty, medium risk, high opportunity, minimal planning

Question

Quizplus · Accepted Answer

Entrepreneurship often operates in environments characterized by high uncertainty, high risk, and high opportunity, where minimal planning is possible due to the unpredictable nature of the market and innovation processes. This contrasts with more traditional managerial settings, where risks and outcomes can be more readily anticipated and planned for.

When the Expression Uncertainty Is Discussed in Chapter 2, a Four-Tiered