Question 1

The benefits of converting innovations into successful business ventures include

Accepted Answer

A)   declining competitiveness.
B)   shutting down product lines.
C)   growth and rewards.
D)   focus groups and business incubators.E) A) and C)
F) A) and B)

Question 2

Outline the opportunity process and discuss the qualities necessary for an opportunity to become viable.

Accepted Answer

The starting point for any new venture i...

Question 3

Process innovations are often associated with a low cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 4

All of the following statements about innovativeness are true except

Accepted Answer

A)   it refers to making decisions and taking risks without certain knowledge of probable outcomes.
B)   it refers to a firm's efforts to find new opportunities and novel solutions.
C)   it involves creativity and experimentation.
D)   it is aimed at developing new products, services, and processes.E) A) and B)
F) B) and D)

Question 5

In corporations with a strong entrepreneurial culture,the willingness and ability to change

Accepted Answer

A)   is imposed from the top down.
B)   is considered a core capability.
C)   often leads to instability.
D)   often worries stakeholders such as suppliers and creditors.E) B) and D)
F) None of the above

Question 6

Corporate entrepreneurship is sometimes called "intrapreneuring."

Accepted Answer

A) True 
 B)False

Question 7

Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from on-going operations of the firm.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following dimensions of entrepreneurial orientation is described as "a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities"?

Accepted Answer

A)   Proactiveness
B)   Risk taking
C)   Autonomy
D)   Competitive aggressivenessE) C) and D)
F) A) and B)

Question 9

Financial resources are the only kind of resource a new venture needs.

Accepted Answer

A) True 
 B)False

Question 10

Every idea developed by an entrepreneur represents a viable business opportunity.

Accepted Answer

A) True 
 B)False

Question 11

Focus strategies are often associated with small businesses because there is a natural fit between the narrow scope of the strategy and the

Accepted Answer

A)   small size of the firm.
B)   a strong spirit of entrepreneurship.
C)   a top-down approach to supporting entrepreneurial behaviour.
D)   an entrepreneurial culture.E) None of the above
F) All of the above

Question 12

Changes in the external environment spark innovative new ideas.

Accepted Answer

A) True 
 B)False

Question 13

The benefits gained by firms that are the first to enter new markets,establish brand identity,and/or adopt new technologies are known as

Accepted Answer

A)   competitive aggressiveness.
B)   technological capabilities.
C)   first mover advantages.
D)   breakthrough innovations.E) All of the above
F) A) and B)

Question 14

Discuss the concept of venture capital as a means of funding entrepreneurial initiatives.

Accepted Answer

Venture capital is a form of private equ...

Question 15

_____ are often associated with a low-cost leader strategy,whereas,_____ are frequently an important aspect of a differentiation strategy.

Accepted Answer

A)   Process innovations; product innovations
B)   Product innovations; service innovations
C)   Radical innovations; instrumental innovations
D)   Marketing innovations; management innovationsE) None of the above
F) A) and B)

Question 16

According to the text,firms that want to enhance their entrepreneurial position by being competitively aggressive should

Accepted Answer

A)   enter markets with drastically lower prices.
B)   foster creativity and experimentation.
C)   continuously seek out new products or services.
D)   research risk factors to minimize uncertainty.E) All of the above
F) C) and D)

Question 17

Which of these statements is incorrect? Canadian communications Rogers got started by

Accepted Answer

A)   being involved in wireless telegraphy.
B)   creating a radio tube that could be operated from a 110 volt current instead of batteries.
C)   being the leading manufacturer of radios in Canada and the U.S.
D)   introducing process innovation.E) A) and D)
F) A) and C)

Question 18

Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 19

As an industry matures,there are greater opportunities for change and so innovations tend to be more radical.

Accepted Answer

A) True 
 B)False

Question 20

Corporate venturing that is focused permeates all parts of the organization and involves every member of the organization.

Accepted Answer

A) True 
 B)False

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

Corporate venturing that is focused permeates all parts of the organization and involves every member of the organization.

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Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.

Correct AnswerverifiedShow Answer

As an industry matures,there are greater opportunities for change and so innovations tend to be more radical.

Correct AnswerverifiedShow Answer

Discuss the concept of venture capital as a means of funding entrepreneurial initiatives.

Correct AnswerverifiedVenture capital is a form of private equ...View AnswerShow Answer

Every idea developed by an entrepreneur represents a viable business opportunity.

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According to the text,firms that want to enhance their entrepreneurial position by being competitively aggressive should

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Process innovations are often associated with a low cost leadership strategy.

Correct AnswerverifiedShow Answer

Corporate entrepreneurship is sometimes called "intrapreneuring."

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Which of these statements is incorrect? Canadian communications Rogers got started by

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Which of the following dimensions of entrepreneurial orientation is described as "a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities"?

Correct AnswerverifiedShow Answer

In corporations with a strong entrepreneurial culture,the willingness and ability to change

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All of the following statements about innovativeness are true except

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The benefits of converting innovations into successful business ventures include

Correct AnswerverifiedShow Answer

Outline the opportunity process and discuss the qualities necessary for an opportunity to become viable.

Correct AnswerverifiedThe starting point for any new venture i...View AnswerShow Answer

Changes in the external environment spark innovative new ideas.

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Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from on-going operations of the firm.

Correct AnswerverifiedShow Answer

Financial resources are the only kind of resource a new venture needs.

Correct AnswerverifiedShow Answer

_____ are often associated with a low-cost leader strategy,whereas,_____ are frequently an important aspect of a differentiation strategy.

Correct AnswerverifiedShow Answer

The benefits gained by firms that are the first to enter new markets,establish brand identity,and/or adopt new technologies are known as

Correct AnswerverifiedShow Answer

Focus strategies are often associated with small businesses because there is a natural fit between the narrow scope of the strategy and the

Correct AnswerverifiedShow Answer

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Venture capital is a form of private equ...
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The starting point for any new venture i...
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_ are often associated with a low-cost leader strategy,whereas,_ are frequently an important aspect of a differentiation strategy.

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