Question 1

Whereas ________ are often associated with a low-cost leader strategy, ________ 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) B) and D)
F) None of the above

Question 2

Radical innovations

Accepted Answer

A)   often result in quick profits.
B)   often occur because of technological change.
C)   usually apply simultaneously to products and processes.
D)   are a form of contentious innovation.E) B) and C)
F) A) and B)

Question 3

In a typical corporation, which of the following factors does not determine how entrepreneurial projects will be pursued?

Accepted Answer

A)   structural features that guide and constrain action
B)   corporate culture
C)   organizational systems that foster learning and manage rewards
D)   number of innovation projects in the pipelineE) A) and C)
F) B) and C)

Question 4

Innovations that extend sales in an existing market, usually by enabling new products or services to be sold at higher margins, are known as ________ innovations.

Accepted Answer

A)   radical
B)   disruptive
C)   technology
D)   sustainingE) All of the above
F) B) and C)

Question 5

Business incubators are designed to support fledgling entrepreneurial ventures until they can operate as stand-alone businesses.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is not one of the dimensions of entrepreneurial orientation?

Accepted Answer

A)   proactiveness
B)   risk taking
C)   autonomy
D)   opportunismE) A) and B)
F) A) and D)

Question 7

A(n)  ________ manager's role is to question the viability of corporate venture projects.

Accepted Answer

A)   product champion
B)   exit champion
C)   rising star
D)   mentorE) A) and D)
F) None of the above

Question 8

Research indicates that leaders of innovative firms spend 50 percent more time on discovery activities than the leaders of less innovative firms.

Accepted Answer

A) True 
 B)False

Question 9

Two common forms of a focused approach to corporate entrepreneurship include ________ and ________.

Accepted Answer

A)   internal collaboration; internal venturing
B)   social capital; collaboration capital
C)   business incubators; new venture groups
D)   focus groups; business incubatorsE) A) and B)
F) All of the above

Question 10

________ involves building entrepreneurial businesses within existing corporations.

Accepted Answer

A)   Insourcing
B)   On-shoring
C)   Intrapreneurship
D)   EntrepreneurshipE) B) and D)
F) B) and C)

Question 11

Incremental innovations

Accepted Answer

A)   are usually highly disruptive.
B)   usually represent technological transitions.
C)   are usually small improvements in products and processes.
D)   nearly always can be patented.E) A) and C)
F) All of the above

Question 12

For innovation team members to work enthusiastically on innovation projects, it is important to separate the performance of individual team members from the performance of the innovation itself.

Accepted Answer

A) True 
 B)False

Question 13

Intel uses option contracts for the right to purchase key pieces of equipment at a specific future date. They simulate the likelihood that they will need to purchase a specific piece of equipment and then create the options contracts to reduce risk and potentially save money.

Accepted Answer

A) True 
 B)False

Question 14

Creative intelligence involves the ability to see patterns in data, integrating data, and making insights. Which of the following are the four patterns of action managers should to developmore creative and higher potential innovations?

Accepted Answer

A)   observing, experimenting, cataloging, and networking
B)   questioning, observing, integrating, and networking
C)   questioning, observing, experimenting, and networking
D)   observing, experimenting, cataloging, and integratingE) A) and D)
F) A) and C)

Question 15

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision andcarrying it through to completion?

Accepted Answer

A)   autonomy
B)   innovativeness
C)   competitive aggressiveness
D)   risk takingE) All of the above
F) None of the above

Question 16

Which kind of risk taking requires that a company borrow heavily or commit a large portion of its resources in order to grow?

Accepted Answer

A)   business risk taking
B)   financial risk taking
C)   personal risk taking
D)   technological risk takingE) A) and B)
F) A) and C)

Question 17

If a company regularly imitates rivals by copying new products, marketing messages, or other aspects of their strategy, this is an example of

Accepted Answer

A)   innovativeness.
B)   proactiveness.
C)   competitive aggressiveness.
D)   autonomy.E) B) and C)
F) C) and D)

Question 18

________ means individuals with highly innovative DNA traits have the ability to connect seemingly unrelated questions, problems, and ideas from different fields that allows them the opportunity to creatively see opportunities others miss.

Accepted Answer

A)   Associating
B)   Integrating
C)   Visioning
D)   AllocatingE) A) and B)
F) A) and C)

Question 19

Whereas ________ often emerge as heroes, ________ run the risk of losing status by opposing popular projects.

Accepted Answer

A)   managers; employees
B)   product champions; exit champions
C)   exit champions; product champions
D)   shareholders; managersE) C) and D)
F) A) and C)

Question 20

Which of the following is not a dilemma faced by corporations trying to manage the innovation process?

Accepted Answer

A)   launching incremental versus preemptive innovations
B)   emphasizing marketing versus management innovations
C)   choosing between experience and initiative
D)   choosing between internal rather and external staffingE) B) and D)
F) B) and C)

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

Business incubators are designed to support fledgling entrepreneurial ventures until they can operate as stand-alone businesses.

Correct AnswerverifiedShow Answer

Which of the following is not one of the dimensions of entrepreneurial orientation?

Correct AnswerverifiedShow Answer

A(n) ________ manager's role is to question the viability of corporate venture projects.

Correct AnswerverifiedShow Answer

For innovation team members to work enthusiastically on innovation projects, it is important to separate the performance of individual team members from the performance of the innovation itself.

Correct AnswerverifiedShow Answer

If a company regularly imitates rivals by copying new products, marketing messages, or other aspects of their strategy, this is an example of

Correct AnswerverifiedShow Answer

Creative intelligence involves the ability to see patterns in data, integrating data, and making insights. Which of the following are the four patterns of action managers should to developmore creative and higher potential innovations?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Incremental innovations

Correct AnswerverifiedShow Answer

________ means individuals with highly innovative DNA traits have the ability to connect seemingly unrelated questions, problems, and ideas from different fields that allows them the opportunity to creatively see opportunities others miss.

Correct AnswerverifiedShow Answer

________ involves building entrepreneurial businesses within existing corporations.

Correct AnswerverifiedShow Answer

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision andcarrying it through to completion?

Correct AnswerverifiedShow Answer

Which kind of risk taking requires that a company borrow heavily or commit a large portion of its resources in order to grow?

Correct AnswerverifiedShow Answer

Research indicates that leaders of innovative firms spend 50 percent more time on discovery activities than the leaders of less innovative firms.

Correct AnswerverifiedShow Answer

Intel uses option contracts for the right to purchase key pieces of equipment at a specific future date. They simulate the likelihood that they will need to purchase a specific piece of equipment and then create the options contracts to reduce risk and potentially save money.

Correct AnswerverifiedShow Answer

Innovations that extend sales in an existing market, usually by enabling new products or services to be sold at higher margins, are known as ________ innovations.

Correct AnswerverifiedShow Answer

Which of the following is not a dilemma faced by corporations trying to manage the innovation process?

Correct AnswerverifiedShow Answer

Two common forms of a focused approach to corporate entrepreneurship include ________ and ________.

Correct AnswerverifiedShow Answer

Whereas ________ often emerge as heroes, ________ run the risk of losing status by opposing popular projects.

Correct AnswerverifiedShow Answer

Radical innovations

Correct AnswerverifiedShow Answer

In a typical corporation, which of the following factors does not determine how entrepreneurial projects will be pursued?

Correct AnswerverifiedShow Answer

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

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Two common forms of a focused approach to corporate entrepreneurship include and .

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Whereas often emerge as heroes, run the risk of losing status by opposing popular projects.

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