Question

a difference between entrepreneurially managed firms and traditionally managed firms is that

traditionally managed firms are more concerned about minimizing the resources required to pursue an opportunity

entrepreneurially managed firms are more likely to have a structure well suited for the inter - nal efficiencies of allocating controlled resources

traditionally managed firms are more structured to make use of both their external networks and internal networks

entrepreneurially managed firms are more prepared (and psychologically free) to pivot to a different potential opportunity.

Explanation:

Entrepreneurially managed firms are typically more agile and adaptable. They are not bound by rigid structures and are more open - minded about exploring new opportunities. Traditional firms, on the other hand, often have more established and rigid systems. The key characteristic of entrepreneurially managed firms is their ability to pivot, which is in line with the concept of being prepared (and psychologically free) to shift to a different potential opportunity.

Answer:

entrepreneurially managed firms are more prepared (and psychologically free) to pivot to a different potential opportunity.