Question 1

The creation of value requires commitment by the firm and must be customer driven.

Accepted Answer

A) True 
 B)False  True

Question 2

In venture capital typically all of the parties involved have money at risk.

Accepted Answer

A) True 
 B)False  True

Question 3

Entrepreneurial firms that have high capital needs typically obtain those funds from ____.

Accepted Answer

A)  friends 
B)  family 
C)  banks 
D)  savings & loan 
E)  venture capital funds 
A)  friends 
B)  family 
C)  banks 
D)  savings & loan 
E)  venture capital funds E

Question 4

All of the following would be intangible resources except ____.

Accepted Answer

A)  brand recognition 
B)  perception of quality 
C)  culture 
D)  innovation 
E)  financing 
A)  brand recognition 
B)  perception of quality 
C)  culture 
D)  innovation 
E)  financing

Question 5

The more complex the implementation the easier it is to connect the activities of the firm since there are more potential means to organize the various activities.

Accepted Answer

A) True 
 B)False

Question 6

The most complex implementation for internal efforts to develop a new technology or innovation involves tweaking.

Accepted Answer

A) True 
 B)False

Question 7

Interest carried refers to ____.

Accepted Answer

A)  the interest rate charged by a bank for a loan 
B)  the rate of return provided by venture capital 
C)  the percent which a venture capitalist will get from the venture capital fund 
D)  the percent investment an individual makes in a new venture 
E)  the amount of money an individual has to invest to participate in a venture capital fund 
A)  the interest rate charged by a bank for a loan 
B)  the rate of return provided by venture capital 
C)  the percent which a venture capitalist will get from the venture capital fund 
D)  the percent investment an individual makes in a new venture 
E)  the amount of money an individual has to invest to participate in a venture capital fund

Question 8

The employment at most Fortune 500 firms is ____.

Accepted Answer

A)  expanding rapidly 
B)  expanding slowly 
C)  neutral 
D)  declining 
E)  not clear at this time 
A)  expanding rapidly 
B)  expanding slowly 
C)  neutral 
D)  declining 
E)  not clear at this time

Question 9

The basis for competitive advantage of a technology focused firm ____.

Accepted Answer

A)  is difficult to identify 
B)  is the capabilities of the firm 
C)  will be changed every year 
D)  can not be overcome due to patents held by the firm 
E)  is a daily struggle for the firm to maintain 
A)  is difficult to identify 
B)  is the capabilities of the firm 
C)  will be changed every year 
D)  can not be overcome due to patents held by the firm 
E)  is a daily struggle for the firm to maintain

Question 10

The key sustainable competitive advantages for a firm using an internal innovation strategy include:

Accepted Answer

A)  improved process control, broader portfolio possibilities, and higher value-added products 
B)  improved process control, higher value-added products, and better proprietary positioning 
C)  reduced time to market, broader portfolio possibilities, faster decisions 
D)  faster decisions, higher value-added products, larger structures 
E)  better product understanding, faster decisions about market entry, larger firms 
A)  improved process control, broader portfolio possibilities, and higher value-added products 
B)  improved process control, higher value-added products, and better proprietary positioning 
C)  reduced time to market, broader portfolio possibilities, faster decisions 
D)  faster decisions, higher value-added products, larger structures 
E)  better product understanding, faster decisions about market entry, larger firms

Question 11

Benchmarking is used most often in:

Accepted Answer

A)  value creation 
B)  value appropriation 
C)  value protection 
D)  value destruction 
E)  it depends on the industry environment 
A)  value creation 
B)  value appropriation 
C)  value protection 
D)  value destruction 
E)  it depends on the industry environment

Question 12

Startup firms typically do not have slack resources.

Accepted Answer

A) True 
 B)False

Question 13

Describe the characteristics that a resource must have to create value.

Accepted Answer

. nonrepli

Question 14

Speed is important to the ability to successfully turn a firm around.

Accepted Answer

A) True 
 B)False

Question 15

Organizational revival through turnaround is accomplished through:

Accepted Answer

A)  retrenchment, speed of response, leadership and type of turnaround strategies 
B)  reorganization, layoffs, leadership change, and strategic redirection 
C)  layoffs, downsizing, outsourcing, and change in leadership 
D)  speed of response, decisiveness of top managers, organizational level, and layoffs 
E)  downsizing, outsourcing, speed of response and retrenchment 
A)  retrenchment, speed of response, leadership and type of turnaround strategies 
B)  reorganization, layoffs, leadership change, and strategic redirection 
C)  layoffs, downsizing, outsourcing, and change in leadership 
D)  speed of response, decisiveness of top managers, organizational level, and layoffs 
E)  downsizing, outsourcing, speed of response and retrenchment

Question 16

The driving force in the appropriation value process include ____.

Accepted Answer

A)  imitate, reassign/acquire resources 
B)  innovations, new venture 
C)  barriers, market power 
D)  competition, divestiture 
E)  investment, new markets 
A)  imitate, reassign/acquire resources 
B)  innovations, new venture 
C)  barriers, market power 
D)  competition, divestiture 
E)  investment, new markets

Question 17

The least complex implementation of external sources of technology and innovation is associated with ____.

Accepted Answer

A)  informal contracts 
B)  licensing 
C)  franchising 
D)  joint venture 
E)  merger/acquisition 
A)  informal contracts 
B)  licensing 
C)  franchising 
D)  joint venture 
E)  merger/acquisition

Question 18

What are the strategic capabilities that a firm needs to meet its goals and objectives as well as maintain competitive viability?

Accepted Answer

. Leadership
. Culture of supp

Question 19

The success rate of venture capital backed entrepreneurial firms is 80 percent.

Accepted Answer

A) True 
 B)False

Question 20

If the environment of a firm is described as fast cycle the key to success for a firm would be:

Accepted Answer

A)  adequate financing to overcome competitive pressures 
B)  marketing capability to explain differences in the firm's product 
C)  high levels of investment in capital assets in order to control output 
D)  continuous improvement in the firm 
E)  patent protection to prevent copying of their ideas by others 
A)  adequate financing to overcome competitive pressures 
B)  marketing capability to explain differences in the firm's product 
C)  high levels of investment in capital assets in order to control output 
D)  continuous improvement in the firm 
E)  patent protection to prevent copying of their ideas by others

The creation of value requires commitment by the firm and must be customer driven.

In venture capital typically all of the parties involved have money at risk.

Entrepreneurial firms that have high capital needs typically obtain those funds from ____.

All of the following would be intangible resources except ____.

The more complex the implementation the easier it is to connect the activities of the firm since there are more potential means to organize the various activities.

The most complex implementation for internal efforts to develop a new technology or innovation involves tweaking.

Interest carried refers to ____.

The employment at most Fortune 500 firms is ____.

The basis for competitive advantage of a technology focused firm ____.

The key sustainable competitive advantages for a firm using an internal innovation strategy include:

Benchmarking is used most often in:

Startup firms typically do not have slack resources.

Describe the characteristics that a resource must have to create value.

Speed is important to the ability to successfully turn a firm around.

Organizational revival through turnaround is accomplished through:

The driving force in the appropriation value process include ____.

The least complex implementation of external sources of technology and innovation is associated with ____.

What are the strategic capabilities that a firm needs to meet its goals and objectives as well as maintain competitive viability?

The success rate of venture capital backed entrepreneurial firms is 80 percent.

If the environment of a firm is described as fast cycle the key to success for a firm would be:

Management of Technology and Innovation: an Overview

Strategy Process and the Management of Technology and Innovation

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

Filters

Exam 9: Building Capabilities for Mti Success

The creation of value requires commitment by the firm and must be customer driven.

In venture capital typically all of the parties involved have money at risk.

Entrepreneurial firms that have high capital needs typically obtain those funds from ____.

All of the following would be intangible resources except ____.

The more complex the implementation the easier it is to connect the activities of the firm since there are more potential means to organize the various activities.

The most complex implementation for internal efforts to develop a new technology or innovation involves tweaking.

Interest carried refers to ____.

The employment at most Fortune 500 firms is ____.

The basis for competitive advantage of a technology focused firm ____.

The key sustainable competitive advantages for a firm using an internal innovation strategy include:

Benchmarking is used most often in:

Startup firms typically do not have slack resources.

Describe the characteristics that a resource must have to create value.

Speed is important to the ability to successfully turn a firm around.

Organizational revival through turnaround is accomplished through:

The driving force in the appropriation value process include ____.

The least complex implementation of external sources of technology and innovation is associated with ____.

What are the strategic capabilities that a firm needs to meet its goals and objectives as well as maintain competitive viability?

The success rate of venture capital backed entrepreneurial firms is 80 percent.

If the environment of a firm is described as fast cycle the key to success for a firm would be:

Management of Technology and Innovation: an Overview

Strategy Process and the Management of Technology and Innovation

Innovation: Planning

Internal Innovation: Implementation

Innovation: Evaluation and Control

Obtaining Technology: Planning

Obtaining Technology: Implementation

Obtaining Technology: Evaluation and Control

Organizational Learning and Knowledge Management

Appendix 1: Social Responsibility and the Management of Technology and Innovation

Appendix 2: Innovation: Project Management and New Product Development

Appendix 3: Managing Platforms and Portfolios of Technology

Appendix 4: Waves of Innovation and Predicting the Future

Filters