Question 1

__________ exist(s) when there is a need in the market that can be satisfied by new goods or services.

Accepted Answer

A)  Potentiality 
B)  Market readiness 
C)  Entrepreneurial opportunities 
D)  Critical core competencies 
A)  Potentiality 
B)  Market readiness 
C)  Entrepreneurial opportunities 
D)  Critical core competencies

Question 2

WayWard Products has a deliberate strategy to encourage internal innovations.It has established processes to support autonomous strategic behavior as well as induced strategic behavior.WayWard Products is involved in:

Accepted Answer

A)  entrepreneurial incubation. 
B)  creative destruction. 
C)  internal corporate venturing. 
D)  cooperative innovation strategies. 
A)  entrepreneurial incubation. 
B)  creative destruction. 
C)  internal corporate venturing. 
D)  cooperative innovation strategies.

Question 3

Firms develop innovation in all of the following ways EXCEPT:

Accepted Answer

A)  through autonomous or induced strategic behavior. 
B)  by acquiring other companies. 
C)  through cooperative strategies. 
D)  via divestiture of low-performing units. 
A)  through autonomous or induced strategic behavior. 
B)  by acquiring other companies. 
C)  through cooperative strategies. 
D)  via divestiture of low-performing units.

Question 4

AgroPharm is searching for a top-level executive.AgroPharm has marketed its products only to U.S.farmers and agribusinesses in the past.Now, the company plans to expand operations to Mexico and Central America in the next two years.To maximize the chances of success, it is critical that the new executive:

Accepted Answer

A)  be of Hispanic descent. 
B)  have international experience. 
C)  possess an advanced degree in animal science. 
D)  have a background in managing agribusiness firms. 
A)  be of Hispanic descent. 
B)  have international experience. 
C)  possess an advanced degree in animal science. 
D)  have a background in managing agribusiness firms.

Question 5

Entrepreneurship is the process by which individuals or groups identify and pursue __________ without being immediately constrained by the __________ they currently control.

Accepted Answer

A)  opportunities; resources 
B)  opportunities; core competencies 
C)  threats; resources 
D)  threats; core competencies 
A)  opportunities; resources 
B)  opportunities; core competencies 
C)  threats; resources 
D)  threats; core competencies

Question 6

According to Peter Drucker, the primary goal of innovation is to:

Accepted Answer

A)  promote social well-being. 
B)  increase the number of jobs. 
C)  create wealth. 
D)  support national economies. 
A)  promote social well-being. 
B)  increase the number of jobs. 
C)  create wealth. 
D)  support national economies.

Question 7

A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.Many of the strongest complaints are from the representatives of management who complain that the research scientists are disorganized, haphazard, and undisciplined.Managers complain that the scientists do not adhere to any fixed rules or procedures.On the other hand, the research scientists complain that the managerial representatives are excessively rule-oriented bureaucrats and have no flexibility or spontaneity.The MAIN problem with this team seems to be centered around differences in:

Accepted Answer

A)  interpersonal orientation. 
B)  time orientation. 
C)  goal orientation. 
D)  formality of structure. 
A)  interpersonal orientation. 
B)  time orientation. 
C)  goal orientation. 
D)  formality of structure.

__________ exist(s) when there is a need in the market that can be satisfied by new goods or services.

WayWard Products has a deliberate strategy to encourage internal innovations.It has established processes to support autonomous strategic behavior as well as induced strategic behavior.WayWard Products is involved in:

Firms develop innovation in all of the following ways EXCEPT:

Entrepreneurship is the process by which individuals or groups identify and pursue without being immediately constrained by the they currently control.

According to Peter Drucker, the primary goal of innovation is to:

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

__________ exist(s) when there is a need in the market that can be satisfied by new goods or services.

WayWard Products has a deliberate strategy to encourage internal innovations.It has established processes to support autonomous strategic behavior as well as induced strategic behavior.WayWard Products is involved in:

Firms develop innovation in all of the following ways EXCEPT:

Entrepreneurship is the process by which individuals or groups identify and pursue __________ without being immediately constrained by the __________ they currently control.

According to Peter Drucker, the primary goal of innovation is to:

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

Entrepreneurship is the process by which individuals or groups identify and pursue without being immediately constrained by the they currently control.