Question 1

The major thrust of corporate entrepreneurship is to

Accepted Answer

A) encourage greater risk taking. 
B) raise profitability. 
C) encourage innovation. 
D) increase morale. 
A) encourage greater risk taking. 
B) raise profitability. 
C) encourage innovation. 
D) increase morale.

Question 2

Corporate entrepreneurial activity takes place _____ the firm.

Accepted Answer

A) only with outside suppliers to 
B) with anyone outside 
C) both inside and outside 
D) inside 
A) only with outside suppliers to 
B) with anyone outside 
C) both inside and outside 
D) inside

Question 3

Which of the following is not a question in the corporate entrepreneurial planning process?

Accepted Answer

A) Does the firm encourage and reward entrepreneurs? 
B) Do employees frequently require permission? 
C) Does the firm direct resources toward entrepreneurship? 
D) Has the firm met government regulations for innovation? 
A) Does the firm encourage and reward entrepreneurs? 
B) Do employees frequently require permission? 
C) Does the firm direct resources toward entrepreneurship? 
D) Has the firm met government regulations for innovation?

Question 4

Skunk works are project groups that work within the traditional lines of authority.

Accepted Answer

A) True 
 B)False

Question 5

_____ people thoroughly understand the concept of corporate entrepreneurship.

Accepted Answer

A) Just about all 
B) Most 
C) Many 
D) Few 
A) Just about all 
B) Most 
C) Many 
D) Few

Question 6

Which of the following terms refers to the inaugural breakthroughs launched from experimentation and determined vision?

Accepted Answer

A) radical innovation 
B) incremental innovation 
C) collective entrepreneurship 
D) strategic management 
A) radical innovation 
B) incremental innovation 
C) collective entrepreneurship 
D) strategic management

Question 7

The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea.

Accepted Answer

A) True 
 B)False

Question 8

Corporate entrepreneurship is contingent upon individual members continuing to undertake innovative activities.

Accepted Answer

A) True 
 B)False

Question 9

A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurial projects.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not included in the set of innovative rules that 3M follows, which encourages employees to foster ideas?

Accepted Answer

A) Don't kill a project. 
B) Keep divisions small. 
C) Try to eliminate failure. 
D) Share the wealth. 
A) Don't kill a project. 
B) Keep divisions small. 
C) Try to eliminate failure. 
D) Share the wealth.

Question 11

Which of the following is an advantage to developing an entrepreneurial environment?

Accepted Answer

A) a good benefits program 
B) retention and motivation of the best employees 
C) creation of a workforce that adheres to strict rules 
D) a flexible work environment regarding time off work 
A) a good benefits program 
B) retention and motivation of the best employees 
C) creation of a workforce that adheres to strict rules 
D) a flexible work environment regarding time off work

Question 12

Developing corporate entrepreneurial managers involves teaching them to

Accepted Answer

A) conduct business as usual 
B) break out of the box. 
C) give across-the-board raises. 
D) think of new ad campaigns. 
A) conduct business as usual 
B) break out of the box. 
C) give across-the-board raises. 
D) think of new ad campaigns.

Question 13

Typically, when faced with failure, entrepreneurs

Accepted Answer

A) remain optimistic and view it as a learning experience. 
B) become outraged and take a short vacation. 
C) blame top management. 
D) resign. 
A) remain optimistic and view it as a learning experience. 
B) become outraged and take a short vacation. 
C) blame top management. 
D) resign.

Question 14

Bureaucrats in an organization must

Accepted Answer

A) standardize procedures. 
B) engage in horizontal management. 
C) learn to give way to intrapreneurs. 
D) avoid risky moves. 
A) standardize procedures. 
B) engage in horizontal management. 
C) learn to give way to intrapreneurs. 
D) avoid risky moves.

Question 15

Which of the following is not a precipitating event that Zahra identifies as motivating the decision to act entrepreneurially?

Accepted Answer

A) market instability 
B) competitive threat from rivals 
C) new demand for a firm's products 
D) a big increase in earnings 
A) market instability 
B) competitive threat from rivals 
C) new demand for a firm's products 
D) a big increase in earnings

Question 16

Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following factors can organizations concentrate on in structuring an entrepreneurial climate?

Accepted Answer

A) radical innovation, incremental innovation, and vision 
B) skunk works, multiple approaches, and vision 
C) top management support, time, resources, rewards, and organizational boundaries 
D) rewards, resources, innovation, and vision 
A) radical innovation, incremental innovation, and vision 
B) skunk works, multiple approaches, and vision 
C) top management support, time, resources, rewards, and organizational boundaries 
D) rewards, resources, innovation, and vision

Question 18

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

Accepted Answer

A) True 
 B)False

Question 19

In following the rules for innovation, a manager should do all of the following except

Accepted Answer

A) encourage action. 
B) use formal meetings whenever possible. 
C) punish failure. 
D) reward performance. 
A) encourage action. 
B) use formal meetings whenever possible. 
C) punish failure. 
D) reward performance.

Question 20

Understanding the entrepreneur is only part of understanding the entrepreneurial process.

Accepted Answer

A) True 
 B)False

The major thrust of corporate entrepreneurship is to

Corporate entrepreneurial activity takes place _____ the firm.

Which of the following is not a question in the corporate entrepreneurial planning process?

Skunk works are project groups that work within the traditional lines of authority.

_____ people thoroughly understand the concept of corporate entrepreneurship.

Which of the following terms refers to the inaugural breakthroughs launched from experimentation and determined vision?

The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea.

Corporate entrepreneurship is contingent upon individual members continuing to undertake innovative activities.

A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurial projects.

Which of the following is not included in the set of innovative rules that 3M follows, which encourages employees to foster ideas?

Which of the following is an advantage to developing an entrepreneurial environment?

Developing corporate entrepreneurial managers involves teaching them to

Typically, when faced with failure, entrepreneurs

Bureaucrats in an organization must

Which of the following is not a precipitating event that Zahra identifies as motivating the decision to act entrepreneurially?

Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time.

Which of the following factors can organizations concentrate on in structuring an entrepreneurial climate?

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

In following the rules for innovation, a manager should do all of the following except

Understanding the entrepreneur is only part of understanding the entrepreneurial process.

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters

Exam 3: The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship

The major thrust of corporate entrepreneurship is to

Corporate entrepreneurial activity takes place _____ the firm.

Which of the following is not a question in the corporate entrepreneurial planning process?

Skunk works are project groups that work within the traditional lines of authority.

_____ people thoroughly understand the concept of corporate entrepreneurship.

Which of the following terms refers to the inaugural breakthroughs launched from experimentation and determined vision?

The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea.

Corporate entrepreneurship is contingent upon individual members continuing to undertake innovative activities.

A corporation can encourage entrepreneurship activities if top management sponsors entrepreneurial projects.

Which of the following is not included in the set of innovative rules that 3M follows, which encourages employees to foster ideas?

Which of the following is an advantage to developing an entrepreneurial environment?

Developing corporate entrepreneurial managers involves teaching them to

Typically, when faced with failure, entrepreneurs

Bureaucrats in an organization must

Which of the following is not a precipitating event that Zahra identifies as motivating the decision to act entrepreneurially?

Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time.

Which of the following factors can organizations concentrate on in structuring an entrepreneurial climate?

As part of creating an innovative climate, a firm should base rewards given upon results achieved.

In following the rules for innovation, a manager should do all of the following except

Understanding the entrepreneur is only part of understanding the entrepreneurial process.

Entrepreneurship Evolutionary Development--Revolutionary Impact

The Entrepreneurial Mind-Set in Individuals: Cognition and Ethics

Social Entrepreneurship and the Global Environment for Entrepreneurship

Innovation: the Creative Pursuit of Ideas

Assessment of Entrepreneurial Opportunities

Pathways to Entrepreneurial Ventures

Sources of Capital for Entrepreneurial Ventures

Legal Challenges for Entrepreneurial Ventures

Marketing Research for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting Entrepreneurial Ventures

Filters