Question 1

Corporate entrepreneurship is best described as:

Accepted Answer

A)  the hiring of former entrepreneurs. 
B)  entrepreneurial action within an established organization. 
C)  the process of buying, or acquiring, entrepreneurial firms. 
D)  the process of hiring consultants to teach a firm how to be more creative. 
A)  the hiring of former entrepreneurs. 
B)  entrepreneurial action within an established organization. 
C)  the process of buying, or acquiring, entrepreneurial firms. 
D)  the process of hiring consultants to teach a firm how to be more creative. B

Question 2

When establishing corporate entrepreneurship in an organization rewards should:

Accepted Answer

A)  be tied to the department in which the idea originated 
B)  be tied to the parent company's stock performance 
C)  be tied to the performance of the entrepreneurial unit created from the idea 
D)  not be changed from whatever current system is being used so that risk is encouraged 
A)  be tied to the department in which the idea originated 
B)  be tied to the parent company's stock performance 
C)  be tied to the performance of the entrepreneurial unit created from the idea 
D)  not be changed from whatever current system is being used so that risk is encouraged C

Question 3

Discuss three major ways in which managerial and entrepreneurial decision making differs.

Accepted Answer

Eight areas of difference students can choose from:
1.strategic orientation
2.commitment to opportunity
3.commitment of resources
4.control of resources
5.management structure
6.reward philosophy
7.growth orientation
8.entrepreneurial culture
Basic differences in each dimension:
 TABLE 2.1 Distinguishing Entreprenuerially from Traditionally Managed Firms

Question 4

Define and explain the dual process model of coping with negative emotions.

Accepted Answer

Student should define process as shiftin

Question 5

Entrepreneurial culture and growth orientation consists of all of the following except:

Accepted Answer

A)  encouraging employees to generate ideas. 
B)  focusing on opportunities. 
C)  the desire to grow at a slow and controlled pace. 
D)  being creative. 
A)  encouraging employees to generate ideas. 
B)  focusing on opportunities. 
C)  the desire to grow at a slow and controlled pace. 
D)  being creative.

Question 6

Which of the following statements is not true of the loss orientation approach to negative emotions

Accepted Answer

A)  Loss orientation is based on both avoidance and proactiveness. 
B)  Loss orientation involves working through, and processing, some aspect of the loss experience. 
C)  Loss orientation breaks emotional bonds to the object lost. 
D)  Loss orientation focuses on the loss event to create an account of the failure. 
A)  Loss orientation is based on both avoidance and proactiveness. 
B)  Loss orientation involves working through, and processing, some aspect of the loss experience. 
C)  Loss orientation breaks emotional bonds to the object lost. 
D)  Loss orientation focuses on the loss event to create an account of the failure.

Question 7

Organizations that require a rapid return on investment and a high sales volume usually encourage and support new ideas.

Accepted Answer

A) True 
 B)False

Question 8

An organization wanting to establish a more entrepreneurial firm must implement a procedure for its creation.Identify and briefly explain the first three steps of the process.

Accepted Answer

The first step in this process is to sec

Question 9

One study found that new ventures started within a corporation performed better than those started independently by entrepreneurs.

Accepted Answer

A) True 
 B)False

Question 10

In corporate entrepreneurship,trial and error are encouraged.

Accepted Answer

A) True 
 B)False

Question 11

The corporate entrepreneur encourages teamwork and uses a multidisciplined approach,which violates organizational practices and structures taught in most business schools.

Accepted Answer

A) True 
 B)False

Question 12

For an organization with a traditional environment,it is best to facilitate an external process to establish an entrepreneurial environment.

Accepted Answer

A) True 
 B)False

Question 13

Entrepreneurially managed firm structure is usually flat with multiple informal networks.

Accepted Answer

A) True 
 B)False

Question 14

Entrepreneurs focus on how to minimize resources needed whereas traditional firms focus on accumulating resources.

Accepted Answer

A) True 
 B)False

Question 15

In encouraging a culture for corporate entrepreneurship,using older,proven,technology is recommended in order to increase stability in the organization.

Accepted Answer

A) True 
 B)False

Question 16

In an encouraging climate for corporate entrepreneurship,rewards should be based on the attainment of established performance goals.

Accepted Answer

A) True 
 B)False

Question 17

Identify and briefly describe the four key elements of corporate entrepreneurship.

Accepted Answer

1.New business venturing: These entrepre

Question 18

Which of the following is most effective in grief-recovery

Accepted Answer

A)  Restoration-orientation 
B)  Loss-orientation 
C)  Dual process 
D)  Grief recovery process 
A)  Restoration-orientation 
B)  Loss-orientation 
C)  Dual process 
D)  Grief recovery process

Question 19

It is important for an entrepreneur to understand all aspects of the environment.Part of this ability is reflected in the individual's level of creativity,which generally increases with age and education in most individuals.

Accepted Answer

A) True 
 B)False

Question 20

Traditionally managed firms typically punish failure.

Accepted Answer

A) True 
 B)False

Corporate entrepreneurship is best described as:

When establishing corporate entrepreneurship in an organization rewards should:

Discuss three major ways in which managerial and entrepreneurial decision making differs.

Define and explain the dual process model of coping with negative emotions.

Entrepreneurial culture and growth orientation consists of all of the following except:

Which of the following statements is not true of the loss orientation approach to negative emotions

Organizations that require a rapid return on investment and a high sales volume usually encourage and support new ideas.

An organization wanting to establish a more entrepreneurial firm must implement a procedure for its creation.Identify and briefly explain the first three steps of the process.

One study found that new ventures started within a corporation performed better than those started independently by entrepreneurs.

In corporate entrepreneurship,trial and error are encouraged.

The corporate entrepreneur encourages teamwork and uses a multidisciplined approach,which violates organizational practices and structures taught in most business schools.

For an organization with a traditional environment,it is best to facilitate an external process to establish an entrepreneurial environment.

Entrepreneurially managed firm structure is usually flat with multiple informal networks.

Entrepreneurs focus on how to minimize resources needed whereas traditional firms focus on accumulating resources.

In encouraging a culture for corporate entrepreneurship,using older,proven,technology is recommended in order to increase stability in the organization.

In an encouraging climate for corporate entrepreneurship,rewards should be based on the attainment of established performance goals.

Identify and briefly describe the four key elements of corporate entrepreneurship.

Which of the following is most effective in grief-recovery

It is important for an entrepreneur to understand all aspects of the environment.Part of this ability is reflected in the individual's level of creativity,which generally increases with age and education in most individuals.

Traditionally managed firms typically punish failure.

The Entrepreneurial Mind-Set

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters

Exam 2: Corporate Entrepreneurship

Corporate entrepreneurship is best described as:

When establishing corporate entrepreneurship in an organization rewards should:

Discuss three major ways in which managerial and entrepreneurial decision making differs.

Define and explain the dual process model of coping with negative emotions.

Entrepreneurial culture and growth orientation consists of all of the following except:

Which of the following statements is not true of the loss orientation approach to negative emotions

Organizations that require a rapid return on investment and a high sales volume usually encourage and support new ideas.

An organization wanting to establish a more entrepreneurial firm must implement a procedure for its creation.Identify and briefly explain the first three steps of the process.

One study found that new ventures started within a corporation performed better than those started independently by entrepreneurs.

In corporate entrepreneurship,trial and error are encouraged.

The corporate entrepreneur encourages teamwork and uses a multidisciplined approach,which violates organizational practices and structures taught in most business schools.

For an organization with a traditional environment,it is best to facilitate an external process to establish an entrepreneurial environment.

Entrepreneurially managed firm structure is usually flat with multiple informal networks.

Entrepreneurs focus on how to minimize resources needed whereas traditional firms focus on accumulating resources.

In encouraging a culture for corporate entrepreneurship,using older,proven,technology is recommended in order to increase stability in the organization.

In an encouraging climate for corporate entrepreneurship,rewards should be based on the attainment of established performance goals.

Identify and briefly describe the four key elements of corporate entrepreneurship.

Which of the following is most effective in grief-recovery

It is important for an entrepreneur to understand all aspects of the environment.Part of this ability is reflected in the individual's level of creativity,which generally increases with age and education in most individuals.

Traditionally managed firms typically punish failure.

The Entrepreneurial Mind-Set

Generating and Exploiting New Entries

Creativity and the Business Idea

Identifying and Analyzing Domestic and International Opportunities

Protecting the Idea and Other Legal Issues for the Entrepreneur

The Business Plan: Creating and Starting the Venture

The Marketing Plan

The Organizational Plan

The Financial Plan

Sources of Capital

Informal Risk Capital, Venture Capital, and Going Public

Strategies for Growth and Managing the Implication of Growth

Accessing Resources for Growth From External Sources

Succession Planning and Strategies for Harvesting and Ending the Venture

Filters