Question 1

The risks of international entrepreneurship include all of the following EXCEPT:

Accepted Answer

A)  unstable foreign currencies. 
B)  problems with market efficiencies. 
C)  limitations on market size. 
D)  strong "buy-domestic" programs. 
A)  unstable foreign currencies. 
B)  problems with market efficiencies. 
C)  limitations on market size. 
D)  strong "buy-domestic" programs.

Question 2

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

Accepted Answer

A) True 
 B)False

Question 3

When used effectively, cross-functional teams will often bring about:

Accepted Answer

A)  faster product development processes. 
B)  an increased need for additional information. 
C)  conflicting information about the business environment. 
D)  future cooperative alliances. 
A)  faster product development processes. 
B)  an increased need for additional information. 
C)  conflicting information about the business environment. 
D)  future cooperative alliances.

Question 4

The essence of entrepreneurship is to capture most of the existing markets from less aggressive and innovative competitors.

Accepted Answer

A) True 
 B)False

Question 5

Describe the three strategic approaches used to produce and manage innovation: internal corporate venturing, cooperative strategies, and acquisitions.

Accepted Answer

Internal corporate venturing is the set

Question 6

Flanders Corp.is an established company with customers who understand its products' characteristics.Flanders continues to invest significantly into R&D to make improvements to its products.What type of innovation does Flanders pursue?

Accepted Answer

A)  Incremental 
B)  Novel 
C)  Radical 
D)  Parallel 
A)  Incremental 
B)  Novel 
C)  Radical 
D)  Parallel

Question 7

PracticalSolutions is a small firm providing employee assistance programs for companies with troubled employees.PracticalSolutions frequently partners with other consulting firms to provide creative solutions for companies with personnel problems.This history of partnering exemplifies:

Accepted Answer

A)  intellectual capital. 
B)  institutional capital. 
C)  alignment of complementary assets. 
D)  alignment of contradictory assets. 
A)  intellectual capital. 
B)  institutional capital. 
C)  alignment of complementary assets. 
D)  alignment of contradictory assets.

Question 8

More established firms, as compared to younger ventures, tend to excel in what part of strategic entrepreneurship?

Accepted Answer

A)  Advantage-seeking 
B)  Opportunity-seeking 
C)  Value-creating 
D)  Revenue-creating 
A)  Advantage-seeking 
B)  Opportunity-seeking 
C)  Value-creating 
D)  Revenue-creating

Question 9

In the implementation of internal innovations, formal and informal processes are best supported through __________ organizational structures.

Accepted Answer

A)  vertical 
B)  horizontal 
C)  functionally oriented 
D)  multidivisional 
A)  vertical 
B)  horizontal 
C)  functionally oriented 
D)  multidivisional

Question 10

A negative effect of acquiring other firms for the purpose of innovation is:

Accepted Answer

A)  innovations cannot be transferred between organizations. 
B)  the effect it can have on the firm's own ability to produce innovations. 
C)  innovations may not actually be present in the firm after the purchase is completed. 
D)  the acquired firm's employees usually leave. 
A)  innovations cannot be transferred between organizations. 
B)  the effect it can have on the firm's own ability to produce innovations. 
C)  innovations may not actually be present in the firm after the purchase is completed. 
D)  the acquired firm's employees usually leave.

Question 11

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are ways that firms implement internal innovations.

Accepted Answer

A) True 
 B)False

Question 12

Autonomous strategic behavior is a(n) __________ process in which product champions pursue new ideas.

Accepted Answer

A)  top-down 
B)  horizontal 
C)  integrated 
D)  bottom-up 
A)  top-down 
B)  horizontal 
C)  integrated 
D)  bottom-up

Question 13

Larger, established firms, increasingly those competing globally, use their R&D labs to create disruptive technologies and products.

Accepted Answer

A) True 
 B)False

Question 14

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items.These are examples of:

Accepted Answer

A)  incremental innovation. 
B)  invention. 
C)  imitation. 
D)  the use of social capital. 
A)  incremental innovation. 
B)  invention. 
C)  imitation. 
D)  the use of social capital.

Question 15

A society's cultural characteristics influence a nation's rate of entrepreneurship and its related practices.

Accepted Answer

A) True 
 B)False

Question 16

Joseph Schumpeter argued that firms engage in three types of innovative activities: imitation, invention, and innovation.

Accepted Answer

A) True 
 B)False

Question 17

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

Accepted Answer

A) True 
 B)False

Question 18

The three types of innovative activity include all of the following EXCEPT:

Accepted Answer

A)  invention. 
B)  imitation. 
C)  implementation. 
D)  innovation. 
A)  invention. 
B)  imitation. 
C)  implementation. 
D)  innovation.

Question 19

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 20

Amazon's Dash button allows customers to reorder household essentials at the click of a button.This is an example of a radical innovation that provided significant technological changes.

Accepted Answer

A) True 
 B)False

The risks of international entrepreneurship include all of the following EXCEPT:

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

When used effectively, cross-functional teams will often bring about:

The essence of entrepreneurship is to capture most of the existing markets from less aggressive and innovative competitors.

Describe the three strategic approaches used to produce and manage innovation: internal corporate venturing, cooperative strategies, and acquisitions.

Flanders Corp.is an established company with customers who understand its products' characteristics.Flanders continues to invest significantly into R&D to make improvements to its products.What type of innovation does Flanders pursue?

PracticalSolutions is a small firm providing employee assistance programs for companies with troubled employees.PracticalSolutions frequently partners with other consulting firms to provide creative solutions for companies with personnel problems.This history of partnering exemplifies:

More established firms, as compared to younger ventures, tend to excel in what part of strategic entrepreneurship?

In the implementation of internal innovations, formal and informal processes are best supported through __________ organizational structures.

A negative effect of acquiring other firms for the purpose of innovation is:

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are ways that firms implement internal innovations.

Autonomous strategic behavior is a(n) __________ process in which product champions pursue new ideas.

Larger, established firms, increasingly those competing globally, use their R&D labs to create disruptive technologies and products.

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items.These are examples of:

A society's cultural characteristics influence a nation's rate of entrepreneurship and its related practices.

Joseph Schumpeter argued that firms engage in three types of innovative activities: imitation, invention, and innovation.

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

The three types of innovative activity include all of the following EXCEPT:

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

Amazon's Dash button allows customers to reorder household essentials at the click of a button.This is an example of a radical innovation that provided significant technological changes.

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 risks of international entrepreneurship include all of the following EXCEPT:

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

When used effectively, cross-functional teams will often bring about:

The essence of entrepreneurship is to capture most of the existing markets from less aggressive and innovative competitors.

Describe the three strategic approaches used to produce and manage innovation: internal corporate venturing, cooperative strategies, and acquisitions.

Flanders Corp.is an established company with customers who understand its products' characteristics.Flanders continues to invest significantly into R&D to make improvements to its products.What type of innovation does Flanders pursue?

PracticalSolutions is a small firm providing employee assistance programs for companies with troubled employees.PracticalSolutions frequently partners with other consulting firms to provide creative solutions for companies with personnel problems.This history of partnering exemplifies:

More established firms, as compared to younger ventures, tend to excel in what part of strategic entrepreneurship?

In the implementation of internal innovations, formal and informal processes are best supported through __________ organizational structures.

A negative effect of acquiring other firms for the purpose of innovation is:

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are ways that firms implement internal innovations.

Autonomous strategic behavior is a(n) __________ process in which product champions pursue new ideas.

Larger, established firms, increasingly those competing globally, use their R&D labs to create disruptive technologies and products.

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items.These are examples of:

A society's cultural characteristics influence a nation's rate of entrepreneurship and its related practices.

Joseph Schumpeter argued that firms engage in three types of innovative activities: imitation, invention, and innovation.

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

The three types of innovative activity include all of the following EXCEPT:

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

Amazon's Dash button allows customers to reorder household essentials at the click of a button.This is an example of a radical innovation that provided significant technological changes.

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