Question 1

The use or application of entrepreneurship within an established firm is called:

Accepted Answer

A)  corporate emergence. 
B)  transformational leadership. 
C)  exceptional R&D. 
D)  corporate entrepreneurship. 
A)  corporate emergence. 
B)  transformational leadership. 
C)  exceptional R&D. 
D)  corporate entrepreneurship. D

Question 2

Joseph Schumpeter suggested that firms engage in three types of innovative activity when managing the innovation process: imitation, invention, and innovation.

Accepted Answer

A) True 
 B)False  True

Question 3

Acquisitions are a means of extending the company's product line and increasing revenues. The capital market values growth. Therefore, some firms make acquisitions to improve their standing in the capital markets.

Accepted Answer

A) True 
 B)False  True

Question 4

Research suggests that _________ is needed to encourage entrepreneurial behavior.

Accepted Answer

A)  individualism rather than collectivism 
B)  a balance between individualism and cooperative behavior 
C)  collectivism rather than individualism 
D)  limited autonomy and incentives 
A)  individualism rather than collectivism 
B)  a balance between individualism and cooperative behavior 
C)  collectivism rather than individualism 
D)  limited autonomy and incentives

Question 5

A company with a need for immediate, large returns should invest in research and development.

Accepted Answer

A) True 
 B)False

Question 6

Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market.

Accepted Answer

A) True 
 B)False

Question 7

Research shows that internationally diversified firms tend to be ____ than domestic-only firms.

Accepted Answer

A)  less profitable 
B)  more innovative 
C)  less technologically advanced 
D)  more likely to have an individualistic culture 
A)  less profitable 
B)  more innovative 
C)  less technologically advanced 
D)  more likely to have an individualistic culture

Question 8

Internal corporate venturing does NOT involve:

Accepted Answer

A)  autonomous strategic behavior. 
B)  induced strategic behavior. 
C)  strategic alliances. 
D)  product champions. 
A)  autonomous strategic behavior. 
B)  induced strategic behavior. 
C)  strategic alliances. 
D)  product champions.

Question 9

A successful ____ innovation will be less risky but less profitable than a successful ____ innovation.

Accepted Answer

A)  incremental; novel 
B)  novel; incremental 
C)  alliance-generated; acquisition-generated 
D)  acquisition-generated; alliance-generated 
A)  incremental; novel 
B)  novel; incremental 
C)  alliance-generated; acquisition-generated 
D)  acquisition-generated; alliance-generated

Question 10

While both incremental and novel innovations can create value, incremental innovations have the potential to contribute more significantly to a firm's efforts to earn above-average returns.

Accepted Answer

A) True 
 B)False

Question 11

Define the three types of innovative activity. Which is the most critical activity for U.S. firms?

Accepted Answer

Firms engage in three types of innovativ

Question 12

Induced strategic behavior is a process that fosters product innovations that:

Accepted Answer

A)  are likely to change a firm's strategic intent and mission. 
B)  will lead to greater financial returns. 
C)  are aligned closely with current strategy and structure. 
D)  will come to market in a short period of time. 
A)  are likely to change a firm's strategic intent and mission. 
B)  will lead to greater financial returns. 
C)  are aligned closely with current strategy and structure. 
D)  will come to market in a short period of time.

Question 13

Induced strategic behavior does not result in true innovation because it is a top-down process rather than a bottom-up process.

Accepted Answer

A) True 
 B)False

Question 14

Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of chemical fertilizers. But established agricultural chemical companies have rejected his proposals. After 6 months of promoting his invention during his time off from his regular job, Roland has decided to set his dream aside. Roland lacks a key characteristic of successful entrepreneurs, which is:

Accepted Answer

A)  the ability to identify opportunities. 
B)  a corporate sponsor. 
C)  financial slack. 
D)  passion for his invention. 
A)  the ability to identify opportunities. 
B)  a corporate sponsor. 
C)  financial slack. 
D)  passion for his invention.

Question 15

Discuss the differences between autonomous strategic behavior and induced strategic behavior.

Accepted Answer

Autonomous strategic behavior and induce

Question 16

A major barrier to the use of cross-functional teams is:

Accepted Answer

A)  excessive individualism of creative people. 
B)  lack of communication skills of technical people. 
C)  independent frames of reference of team members. 
D)  lack of social capital by team members. 
A)  excessive individualism of creative people. 
B)  lack of communication skills of technical people. 
C)  independent frames of reference of team members. 
D)  lack of social capital by team members.

Question 17

Value creation through internal innovation originates with:

Accepted Answer

A)  an entrepreneurial mind-set. 
B)  cross-product development teams. 
C)  shared values and entrepreneurial leadership. 
D)  innovation. 
A)  an entrepreneurial mind-set. 
B)  cross-product development teams. 
C)  shared values and entrepreneurial leadership. 
D)  innovation.

Question 18

The dimensions on which functional departments can vary include all the following EXCEPT ____ orientation.

Accepted Answer

A)  time 
B)  customer 
C)  technological 
D)  interpersonal 
A)  time 
B)  customer 
C)  technological 
D)  interpersonal

Question 19

The development of the original personal computer (PC) was a(n) ____ innovation at the time, whereas adding a different kind of whitening agent to a soap detergent in an example of a(n) ____ innovation.

Accepted Answer

A)  incremental; novel 
B)  novel; incremental 
C)  concentric; novel 
D)  novel; concentric 
A)  incremental; novel 
B)  novel; incremental 
C)  concentric; novel 
D)  novel; concentric

Question 20

To be successful, an autonomous process for developing new products relies on:

Accepted Answer

A)  the diffusion of tacit knowledge. 
B)  the acquisition of innovative firms. 
C)  strategic alliances with other firms. 
D)  internal corporate venturing. 
A)  the diffusion of tacit knowledge. 
B)  the acquisition of innovative firms. 
C)  strategic alliances with other firms. 
D)  internal corporate venturing.

The use or application of entrepreneurship within an established firm is called:

Joseph Schumpeter suggested that firms engage in three types of innovative activity when managing the innovation process: imitation, invention, and innovation.

Acquisitions are a means of extending the company's product line and increasing revenues. The capital market values growth. Therefore, some firms make acquisitions to improve their standing in the capital markets.

Research suggests that _________ is needed to encourage entrepreneurial behavior.

A company with a need for immediate, large returns should invest in research and development.

Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market.

Research shows that internationally diversified firms tend to be ____ than domestic-only firms.

Internal corporate venturing does NOT involve:

A successful innovation will be less risky but less profitable than a successful innovation.

While both incremental and novel innovations can create value, incremental innovations have the potential to contribute more significantly to a firm's efforts to earn above-average returns.

Define the three types of innovative activity. Which is the most critical activity for U.S. firms?

Induced strategic behavior is a process that fosters product innovations that:

Induced strategic behavior does not result in true innovation because it is a top-down process rather than a bottom-up process.

Discuss the differences between autonomous strategic behavior and induced strategic behavior.

A major barrier to the use of cross-functional teams is:

Value creation through internal innovation originates with:

The dimensions on which functional departments can vary include all the following EXCEPT ____ orientation.

The development of the original personal computer (PC) was a(n) innovation at the time, whereas adding a different kind of whitening agent to a soap detergent in an example of a(n) innovation.

To be successful, an autonomous process for developing new products relies on:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Filters

Exam 13: Strategic Entrepreneurship

The use or application of entrepreneurship within an established firm is called:

Joseph Schumpeter suggested that firms engage in three types of innovative activity when managing the innovation process: imitation, invention, and innovation.

Acquisitions are a means of extending the company's product line and increasing revenues. The capital market values growth. Therefore, some firms make acquisitions to improve their standing in the capital markets.

Research suggests that _________ is needed to encourage entrepreneurial behavior.

A company with a need for immediate, large returns should invest in research and development.

Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market.

Research shows that internationally diversified firms tend to be ____ than domestic-only firms.

Internal corporate venturing does NOT involve:

A successful ____ innovation will be less risky but less profitable than a successful ____ innovation.

While both incremental and novel innovations can create value, incremental innovations have the potential to contribute more significantly to a firm's efforts to earn above-average returns.

Define the three types of innovative activity. Which is the most critical activity for U.S. firms?

Induced strategic behavior is a process that fosters product innovations that:

Induced strategic behavior does not result in true innovation because it is a top-down process rather than a bottom-up process.

Discuss the differences between autonomous strategic behavior and induced strategic behavior.

A major barrier to the use of cross-functional teams is:

Value creation through internal innovation originates with:

The dimensions on which functional departments can vary include all the following EXCEPT ____ orientation.

The development of the original personal computer (PC) was a(n) ____ innovation at the time, whereas adding a different kind of whitening agent to a soap detergent in an example of a(n) ____ innovation.

To be successful, an autonomous process for developing new products relies on:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Filters

A successful innovation will be less risky but less profitable than a successful innovation.

The development of the original personal computer (PC) was a(n) innovation at the time, whereas adding a different kind of whitening agent to a soap detergent in an example of a(n) innovation.