Question 1

What are the levers that lead to the identification of opportunities?

Accepted Answer

The first four levers-eliminate, reduce,

Question 2

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Accepted Answer

A) born-global firm 
B) spin-out firm 
C) early internationalizing firm 
D) young resource-poor firm 
E) restructured existing firm 
A) born-global firm 
B) spin-out firm 
C) early internationalizing firm 
D) young resource-poor firm 
E) restructured existing firm

Question 3

_____ means exploiting a new business opportunity with limited funds.

Accepted Answer

The answer of _____ means exploiting a new business opportunity...

Question 4

_____ is defined as "the recognition of opportunities and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures."

Accepted Answer

A) Entrepreneurship 
B) SWOT 
C) Globalization 
D) International business 
E) Intrapreneurship 
A) Entrepreneurship 
B) SWOT 
C) Globalization 
D) International business 
E) Intrapreneurship

Question 5

The entrepreneur:

Accepted Answer

A) is typically the intraorganizational revolutionary. 
B) has the backing of an organization. 
C) challenges the status quo and fights to change the system from within. 
D) recognizes opportunities and uses resources to implement innovative ideas for new, thoughtfully planned ventures. 
E) operates as the profit centre of an organization. 
A) is typically the intraorganizational revolutionary. 
B) has the backing of an organization. 
C) challenges the status quo and fights to change the system from within. 
D) recognizes opportunities and uses resources to implement innovative ideas for new, thoughtfully planned ventures. 
E) operates as the profit centre of an organization.

Question 6

Early adopters are those consumers who generally wait for others to buy a new technology before they make use of it.

Accepted Answer

A) True 
 B)False

Question 7

A born-global firm is a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Accepted Answer

A) True 
 B)False

Question 8

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

Accepted Answer

A) new-market disruption 
B) bias for action 
C) angel investment 
D) venture capitalism 
E) low-end disruption 
A) new-market disruption 
B) bias for action 
C) angel investment 
D) venture capitalism 
E) low-end disruption

Question 9

A(n) _____ disruption targets noncustomers rather than low-end customers.

Accepted Answer

The answer of A(n) _____ disruption targets noncustomers rather than...

Question 10

What distinguishing feature separates a born-global firm from a traditional business organization?

Accepted Answer

The distinguishing feature of born-globa

Question 11

The _____ approach is one form of organizational intrapreneurship in which the firm sets up an internal new-venture division.

Accepted Answer

structural

Question 12

In the structural-separation approach of organizational intrapreneurship:

Accepted Answer

A) the firm sets up an internal new-venture division. 
B) new-venture activities are conducted within an existing business or business unit. 
C) an investment firm makes venture investments and brings managerial and technical expertise as well as capital to the investments. 
D) firms exploit a new business opportunity with limited funds. 
E) firms create a new market that was previously ignored by the dominant players of the existing market. 
A) the firm sets up an internal new-venture division. 
B) new-venture activities are conducted within an existing business or business unit. 
C) an investment firm makes venture investments and brings managerial and technical expertise as well as capital to the investments. 
D) firms exploit a new business opportunity with limited funds. 
E) firms create a new market that was previously ignored by the dominant players of the existing market.

Question 13

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

Accepted Answer

A) True 
 B)False

Question 14

An entrepreneur challenges the status quo and fights to change the system from within.

Accepted Answer

A) True 
 B)False

Question 15

A company that develops a revolutionary new way to do a particular activity and seeks to expand that new method nationally and internationally would be considered entrepreneurial.

Accepted Answer

A) True 
 B)False

Question 16

_____ refers to establishing organizations, either for-profit or nonprofit, whose focus is to implement innovative solutions to societal problems.

Accepted Answer

A) Entrepreneurial process 
B) Social entrepreneurship 
C) Bootstrapping 
D) Angel investor 
E) Venture capitalist 
A) Entrepreneurial process 
B) Social entrepreneurship 
C) Bootstrapping 
D) Angel investor 
E) Venture capitalist

Question 17

Efficiency-driven economies are:

Accepted Answer

A) highly sensitive to world economic cycles, commodity price trends, and exchange rate fluctuations. 
B) found in countries that have well-established higher education, well-organized goods and labor markets, and the capacity to harness existing technologies. 
C) found in countries that have mature financial markets, business laws, large domestic size, and flourishing innovation. 
D) associated with pillars such as institutions, infrastructure, macroeconomic stability, and health and primary education. 
E) not sensitive to world economic cycles and exchange rate fluctuations. 
A) highly sensitive to world economic cycles, commodity price trends, and exchange rate fluctuations. 
B) found in countries that have well-established higher education, well-organized goods and labor markets, and the capacity to harness existing technologies. 
C) found in countries that have mature financial markets, business laws, large domestic size, and flourishing innovation. 
D) associated with pillars such as institutions, infrastructure, macroeconomic stability, and health and primary education. 
E) not sensitive to world economic cycles and exchange rate fluctuations.

Question 18

Opportunity identification does not form a part of the entrepreneurial process.

Accepted Answer

A) True 
 B)False

Question 19

Entrepreneurs are the same as small-business owners in terms of the methodology, new product development, and the choice of markets.

Accepted Answer

A) True 
 B)False

Question 20

A(n) _____ is an affluent individual who provides capital for a business start-up.

Accepted Answer

A) angel investor 
B) social entrepreneur 
C) venture capitalist 
D) intrapreneur 
E) small-time business owner 
A) angel investor 
B) social entrepreneur 
C) venture capitalist 
D) intrapreneur 
E) small-time business owner

What are the levers that lead to the identification of opportunities?

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

_____ means exploiting a new business opportunity with limited funds.

_____ is defined as "the recognition of opportunities and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures."

The entrepreneur:

Early adopters are those consumers who generally wait for others to buy a new technology before they make use of it.

A born-global firm is a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

A(n) _____ disruption targets noncustomers rather than low-end customers.

What distinguishing feature separates a born-global firm from a traditional business organization?

The _____ approach is one form of organizational intrapreneurship in which the firm sets up an internal new-venture division.

In the structural-separation approach of organizational intrapreneurship:

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

An entrepreneur challenges the status quo and fights to change the system from within.

A company that develops a revolutionary new way to do a particular activity and seeks to expand that new method nationally and internationally would be considered entrepreneurial.

_____ refers to establishing organizations, either for-profit or nonprofit, whose focus is to implement innovative solutions to societal problems.

Efficiency-driven economies are:

Opportunity identification does not form a part of the entrepreneurial process.

Entrepreneurs are the same as small-business owners in terms of the methodology, new product development, and the choice of markets.

A(n) _____ is an affluent individual who provides capital for a business start-up.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Exporting, Importing, and Global Sourcing

Strategy and International Business

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters

Exam 11: Global Entrepreneurship and Intrapreneurship

What are the levers that lead to the identification of opportunities?

A(n) _____ refers to a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

_____ means exploiting a new business opportunity with limited funds.

_____ is defined as "the recognition of opportunities and the use or creation of resources to implement innovative ideas for new, thoughtfully planned ventures."

The entrepreneur:

Early adopters are those consumers who generally wait for others to buy a new technology before they make use of it.

A born-global firm is a business organization that seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Tom Peters and Robert Waterman, authors of "In Search of Excellence," identified _____ as a distinguishing feature of agile, entrepreneurial firms.

A(n) _____ disruption targets noncustomers rather than low-end customers.

What distinguishing feature separates a born-global firm from a traditional business organization?

The _____ approach is one form of organizational intrapreneurship in which the firm sets up an internal new-venture division.

In the structural-separation approach of organizational intrapreneurship:

Jeffry Timmons-one of the early leaders in entrepreneurship education-considered the opinion that entrepreneurs are born and not made, a myth.

An entrepreneur challenges the status quo and fights to change the system from within.

A company that develops a revolutionary new way to do a particular activity and seeks to expand that new method nationally and internationally would be considered entrepreneurial.

_____ refers to establishing organizations, either for-profit or nonprofit, whose focus is to implement innovative solutions to societal problems.

Efficiency-driven economies are:

Opportunity identification does not form a part of the entrepreneurial process.

Entrepreneurs are the same as small-business owners in terms of the methodology, new product development, and the choice of markets.

A(n) _____ is an affluent individual who provides capital for a business start-up.

Introduction

International Trade and Foreign Direct Investment

Culture and Business

World Economies

Global and Regional Economic Cooperation and Integration

International Monetary System

Foreign Exchange and the Global Capital Markets

International Expansion and Global Market Opportunity Assessment

Exporting, Importing, and Global Sourcing

Strategy and International Business

Winning Through Effective, Global Talent Management

Harnessing the Engine of Global Innovation

Competing Effectively Through Global Marketing, Distribution, and Supply-Chain Management

Understanding the Roles of Finance and Accounting in Global Competitive Advantage

Filters