Question 1

One reason why corporate entrepreneurship has done so well is that it allows organizations to

Accepted Answer

A)  increase salaries. 
B)  fire the dead wood. 
C)  encourage high risk taking. 
D)  tap the innovative talents of their people. 
A)  increase salaries. 
B)  fire the dead wood. 
C)  encourage high risk taking. 
D)  tap the innovative talents of their people. D

Question 2

One step an organization can take to make its corporate environment more innovative is to

Accepted Answer

A)  gain top management support of an entrepreneuring program. 
B)  fire top management and hire young executives. 
C)  change the dress code to "casual attire." 
D)  give across-the-board raises. 
A)  gain top management support of an entrepreneuring program. 
B)  fire top management and hire young executives. 
C)  change the dress code to "casual attire." 
D)  give across-the-board raises. A

Question 3

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

Accepted Answer

A) True 
 B)False  True

Question 4

Radical innovations must be nurtured.

Accepted Answer

A) True 
 B)False

Question 5

Organizational boundaries allow people to focus on new ideas.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

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 8

The success of corporate entrepreneurship depends on the entrepreneurs within the firm.

Accepted Answer

A) True 
 B)False

Question 9

A healthy environment for corporate entrepreneurship exists when employees feel a sense of ownership in the company.

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not a strategy for corporate entrepreneuring?

Accepted Answer

A)  promote personal growth 
B)  use people-style management 
C)  decrease the use of third-party contracts 
D)  allow entrepreneur to develop ideas 
A)  promote personal growth 
B)  use people-style management 
C)  decrease the use of third-party contracts 
D)  allow entrepreneur to develop ideas

Question 12

Very large corporations, such as 3M, have really struggled with corporate entrepreneurship ventures.

Accepted Answer

A) True 
 B)False

Question 13

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 14

The first step in planning a strategy of entrepreneurship for enterprise is

Accepted Answer

A)  identifying specific objectives. 
B)  sharing the vision of innovation. 
C)  applying the exact tools of the entrepreneur. 
D)  developing radical innovation. 
A)  identifying specific objectives. 
B)  sharing the vision of innovation. 
C)  applying the exact tools of the entrepreneur. 
D)  developing radical innovation.

Question 15

Entrepreneurship within the corporate structure allows employees to develop their ideas without

Accepted Answer

A)  losing their jobs to more loyal subordinates. 
B)  the risk associated with leaving the company. 
C)  making their spouses angry that they quit their jobs. 
D)  fear of being promoted. 
A)  losing their jobs to more loyal subordinates. 
B)  the risk associated with leaving the company. 
C)  making their spouses angry that they quit their jobs. 
D)  fear of being promoted.

Question 16

Transformational triggers in a corporate entrenpreneurial environment initiates the need for

Accepted Answer

A)  laying off workers. 
B)  strategically adapting to change. 
C)  changing company location. 
D)  achieving higher productivity standards. 
A)  laying off workers. 
B)  strategically adapting to change. 
C)  changing company location. 
D)  achieving higher productivity standards.

Question 17

Key features in the success of any innovative program include all of the following except

Accepted Answer

A)  confidence. 
B)  trust. 
C)  accountability. 
D)  high profitability. 
A)  confidence. 
B)  trust. 
C)  accountability. 
D)  high profitability.

Question 18

Typically, when faced with setbacks or 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 19

Which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy?

Accepted Answer

A)  the rapid evolution of technology and knowledge 
B)  demographic trends 
C)  government regulation 
D)  a robust venture capital market 
A)  the rapid evolution of technology and knowledge 
B)  demographic trends 
C)  government regulation 
D)  a robust venture capital market

Question 20

Secretly working on new ideas on company time as well as on personal time is referred to as

Accepted Answer

A)  skunk works. 
B)  champion. 
C)  bootlegging. 
D)  interactive learning. 
A)  skunk works. 
B)  champion. 
C)  bootlegging. 
D)  interactive learning.

One reason why corporate entrepreneurship has done so well is that it allows organizations to

One step an organization can take to make its corporate environment more innovative is to

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

Radical innovations must be nurtured.

Organizational boundaries allow people to focus on new ideas.

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

Corporate entrepreneurial activity takes place _____ the firm.

The success of corporate entrepreneurship depends on the entrepreneurs within the firm.

A healthy environment for corporate entrepreneurship exists when employees feel a sense of ownership in the company.

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

Which of the following is not a strategy for corporate entrepreneuring?

Very large corporations, such as 3M, have really struggled with corporate entrepreneurship ventures.

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

The first step in planning a strategy of entrepreneurship for enterprise is

Entrepreneurship within the corporate structure allows employees to develop their ideas without

Transformational triggers in a corporate entrenpreneurial environment initiates the need for

Key features in the success of any innovative program include all of the following except

Typically, when faced with setbacks or failure, entrepreneurs

Which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy?

Secretly working on new ideas on company time as well as on personal time is referred to as

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters

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

One reason why corporate entrepreneurship has done so well is that it allows organizations to

One step an organization can take to make its corporate environment more innovative is to

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

Radical innovations must be nurtured.

Organizational boundaries allow people to focus on new ideas.

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

Corporate entrepreneurial activity takes place _____ the firm.

The success of corporate entrepreneurship depends on the entrepreneurs within the firm.

A healthy environment for corporate entrepreneurship exists when employees feel a sense of ownership in the company.

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

Which of the following is not a strategy for corporate entrepreneuring?

Very large corporations, such as 3M, have really struggled with corporate entrepreneurship ventures.

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

The first step in planning a strategy of entrepreneurship for enterprise is

Entrepreneurship within the corporate structure allows employees to develop their ideas without

Transformational triggers in a corporate entrenpreneurial environment initiates the need for

Key features in the success of any innovative program include all of the following except

Typically, when faced with setbacks or failure, entrepreneurs

Which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy?

Secretly working on new ideas on company time as well as on personal time is referred to as

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 Entrepreneurs

Legal Challenges of Entrepreneurial Ventures

Marketing Challenges for Entrepreneurial Ventures

Financial Preparation for Entrepreneurial Ventures

Developing an Effective Business Plan

Strategic Entrepreneurial Growth

Valuation of Entrepreneurial Ventures

Harvesting the Entrepreneurial Venture

Filters