Question 1

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) C) and D)

Question 2

Radical innovation often involves open-ended experimentation which can be very time consuming.

Accepted Answer

A) True 
 B)False  True

Question 3

Process innovations are often associated with a low cost leadership strategy.

Accepted Answer

A) True 
 B)False

Question 4

Amazon was able to define the online bookselling market by entering the market early and defining the user experience.This is an example of _____________.

Accepted Answer

A)   innovativeness
B)   proactiveness
C)   competitive aggressiveness
D)   autonomyE) B) and C)
F) A) and B)

Question 5

By some accounts,only about 50 percent of corporate ventures reach profitability after six years.Is corporate venturing worth it? Discuss the advantages and disadvantages of internal venturing in relation to the extent of its financial success.

Accepted Answer

Corporate venturing can be a risky endea...

Question 6

As an industry matures,there are greater opportunities for change and so innovations tend to be more radical.

Accepted Answer

A) True 
 B)False

Question 7

Radical innovations are evolutionary applications of novel ideas within existing paradigms.

Accepted Answer

A) True 
 B)False

Question 8

Corporate venturing that is focused permeates all parts of the organization and involves every member of the organization.

Accepted Answer

A) True 
 B)False

Question 9

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.This is referred to as _____________.

Accepted Answer

A)   associating
B)   integrating
C)   visioning
D)   allocatingE) None of the above
F) B) and C)

Question 10

One of the potential pitfalls of real options analysis is that managers may have the incentive and know-how to game the system.

Accepted Answer

A) True 
 B)False

Question 11

According to the text,_____________,which support fledgling startups are often used to pursue specific entrepreneurial ventures developed by _____________.

Accepted Answer

A)   collaboration partners; strategic partners
B)   business incubators; new venture groups
C)   product champions; corporate venture capitalists
D)   lower-level managers; upper-level managersE) A) and B)
F) C) and D)

Question 12

After 15 teams created 128 different phones,Chris Galvin,former CEO of Motorola,recently eliminated the autonomous teams being used to develop new wireless phones.This was necessary because such teams _____________.

Accepted Answer

A)   often lack coordination
B)   never waste resources on projects with questionable feasibility
C)   always create inefficiencies through duplication of effort
D)   never duplicate efforts of the rest of the firmE) A) and B)
F) None of the above

Question 13

The term strategic envelope refers to the scope of innovation efforts of a firm.

Accepted Answer

A) True 
 B)False

Question 14

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 15

Which of the following do corporate business incubators typically not provide?

Accepted Answer

A)   physical space
B)   mentoring
C)   funding
D)   student internsE) A) and B)
F) A) and C)

Question 16

Only about fifty percent of corporate venturing efforts reach profitability within six years of their launch.

Accepted Answer

A) True 
 B)False  True

Question 17

Strategic reasons for undertaking a corporate venture do not include _____________.

Accepted Answer

A)   entering into new markets
B)   expanding capabilities by acquiring new knowledge
C)   building the base of corporation resources
D)   reducing stakeholder commitmentE) A) and B)
F) C) and D)

Question 18

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) B) and C)
F) A) and D)

Question 19

The Dutch Boy twist and pour paint container is an example of a high tech source of innovation.

Accepted Answer

A) True 
 B)False  False

Question 20

The strategic goals of corporate entrepreneurship are often just as important as the financial goals.

Accepted Answer

A) True 
 B)False

Exam 12: Managing Innovation and Fosteringcorporate Entrepreneurship

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

Correct AnswerverifiedShow Answer

Radical innovation often involves open-ended experimentation which can be very time consuming.

Correct AnswerverifiedTrue

Process innovations are often associated with a low cost leadership strategy.

Correct AnswerverifiedShow Answer

Amazon was able to define the online bookselling market by entering the market early and defining the user experience.This is an example of _____________.

Correct AnswerverifiedShow Answer

By some accounts,only about 50 percent of corporate ventures reach profitability after six years.Is corporate venturing worth it? Discuss the advantages and disadvantages of internal venturing in relation to the extent of its financial success.

Correct AnswerAnswered by ExamLex AICorporate venturing can be a risky endea...View AnswerShow Answer

As an industry matures,there are greater opportunities for change and so innovations tend to be more radical.

Correct AnswerverifiedShow Answer

Radical innovations are evolutionary applications of novel ideas within existing paradigms.

Correct AnswerverifiedShow Answer

Corporate venturing that is focused permeates all parts of the organization and involves every member of the organization.

Correct AnswerverifiedShow Answer

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.This is referred to as _____________.

Correct AnswerverifiedShow Answer

One of the potential pitfalls of real options analysis is that managers may have the incentive and know-how to game the system.

Correct AnswerverifiedShow Answer

According to the text,_____________,which support fledgling startups are often used to pursue specific entrepreneurial ventures developed by _____________.

Correct AnswerverifiedShow Answer

After 15 teams created 128 different phones,Chris Galvin,former CEO of Motorola,recently eliminated the autonomous teams being used to develop new wireless phones.This was necessary because such teams _____________.

Correct AnswerverifiedShow Answer

The term strategic envelope refers to the scope of innovation efforts of a firm.

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

Which of the following do corporate business incubators typically not provide?

Correct AnswerverifiedShow Answer

Only about fifty percent of corporate venturing efforts reach profitability within six years of their launch.

Correct AnswerverifiedTrue

Strategic reasons for undertaking a corporate venture do not include _____________.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The Dutch Boy twist and pour paint container is an example of a high tech source of innovation.

Correct AnswerverifiedFalse

The strategic goals of corporate entrepreneurship are often just as important as the financial goals.

Correct AnswerverifiedShow Answer

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True

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Answered by ExamLex AI
Corporate venturing can be a risky endea...
View Answer

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According to the text,_,which support fledgling startups are often used to pursue specific entrepreneurial ventures developed by _.

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True

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False

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