Question 1

A "champion" is a person with a big ego and just gets in the way of corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 2

In restructuring corporate thinking, top management should

Accepted Answer

A)  identify potential entrepreneurs after an innovation program is in operation. 
B)  make the entrepreneur follow strict corporate guidelines. 
C)  promote entrepreneurship through experimentation. 
D)  create diversity and order in strategic activities. 
A)  identify potential entrepreneurs after an innovation program is in operation. 
B)  make the entrepreneur follow strict corporate guidelines. 
C)  promote entrepreneurship through experimentation. 
D)  create diversity and order in strategic activities.

Question 3

Which of the following will help to foster an innovative climate?

Accepted Answer

A)  encourage action from employees 
B)  punish mistakes 
C)  eliminate coffee breaks to encourage employees to work harder 
D)  do away with dress codes 
A)  encourage action from employees 
B)  punish mistakes 
C)  eliminate coffee breaks to encourage employees to work harder 
D)  do away with dress codes

Question 4

Which of the following helps account for the rise of interest in corporate entrepreneurship?

Accepted Answer

A)  A decrease in the number of sophisticated competitors. 
B)  An increase government regulation of small entrepreneurs. 
C)  An increase in corporations losing some of their best people. 
D)  A general increase in the number of competitors. 
A)  A decrease in the number of sophisticated competitors. 
B)  An increase government regulation of small entrepreneurs. 
C)  An increase in corporations losing some of their best people. 
D)  A general increase in the number of competitors.

Question 5

In an innovative climate, failure is viewed as

Accepted Answer

A)  the end of the world. 
B)  a learning experience. 
C)  O.K., inevitable, since the employee is probably not capable of further innovative thought. 
D)  a basis for firing. 
A)  the end of the world. 
B)  a learning experience. 
C)  O.K., inevitable, since the employee is probably not capable of further innovative thought. 
D)  a basis for firing.

Question 6

Internal venture capital that is set aside for special entrepreneurial projects is termed:

Accepted Answer

A)  intracapital. 
B)  project capital. 
C)  intrapreneurial seed money. 
D)  collective capital. 
A)  intracapital. 
B)  project capital. 
C)  intrapreneurial seed money. 
D)  collective capital.

Question 7

Not all corporate entrepreneurial behavior is good for the organization. Why?

Accepted Answer

The encouragement of corporate entrepren

Question 8

Groups that function outside traditional lines of authority permitting rapid turnaround of new ideas as well as instilling a high level of group loyalty are called:

Accepted Answer

A)  skunk works. 
B)  multiple approaches. 
C)  champions. 
D)  strategic innovators. 
A)  skunk works. 
B)  multiple approaches. 
C)  champions. 
D)  strategic innovators.

Question 9

Innovative factors identified by James Brian Quinn that exist in large organizations experienced in successful innovation include all of the following except:

Accepted Answer

A)  interactive learning. 
B)  uniform compensation. 
C)  multiple approaches. 
D)  skunk works. 
A)  interactive learning. 
B)  uniform compensation. 
C)  multiple approaches. 
D)  skunk works.

Question 10

Corporate venturing flourishes when a vertical management system is in place.

Accepted Answer

A) True 
 B)False

Question 11

Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation.

Accepted Answer

A) True 
 B)False

Question 12

The need for corporate entrepreneurship has risen in response to the rise of the global economy.

Accepted Answer

A) True 
 B)False

Question 13

Corporate entrepreneurial strategy should be thought of as

Accepted Answer

A)  vision directed 
B)  dichotomous 
C)  restricted to one group in the firm 
D)  management directed 
A)  vision directed 
B)  dichotomous 
C)  restricted to one group in the firm 
D)  management directed

Question 14

Which of the following are specific factors identified by researchers, that organizations can 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 15

Today's managers must foster excitement for innovation and remove obstacles for employees to engage in corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Entrepreneurial characteristics include

Accepted Answer

A)  a strong drive to succeed. 
B)  superior intelligence. 
C)  high risk taking. 
D)  low morals. 
A)  a strong drive to succeed. 
B)  superior intelligence. 
C)  high risk taking. 
D)  low morals.

Question 18

All of the following are important characteristics for establishing an intrapreneurial climate except

Accepted Answer

A)  the presence of explicit goals. 
B)  feedback. 
C)  positive reinforcement. 
D)  punishment of mistakes. 
A)  the presence of explicit goals. 
B)  feedback. 
C)  positive reinforcement. 
D)  punishment of mistakes.

Question 19

The second step in planning a strategy of entrepreneurship for the enterprise is

Accepted Answer

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

Question 20

A competitor's move to increase market share can be a precipitative event in corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

A "champion" is a person with a big ego and just gets in the way of corporate entrepreneurship.

In restructuring corporate thinking, top management should

Which of the following will help to foster an innovative climate?

Which of the following helps account for the rise of interest in corporate entrepreneurship?

In an innovative climate, failure is viewed as

Internal venture capital that is set aside for special entrepreneurial projects is termed:

Not all corporate entrepreneurial behavior is good for the organization. Why?

Groups that function outside traditional lines of authority permitting rapid turnaround of new ideas as well as instilling a high level of group loyalty are called:

Innovative factors identified by James Brian Quinn that exist in large organizations experienced in successful innovation include all of the following except:

Corporate venturing flourishes when a vertical management system is in place.

Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation.

The need for corporate entrepreneurship has risen in response to the rise of the global economy.

Corporate entrepreneurial strategy should be thought of as

Which of the following are specific factors identified by researchers, that organizations can concentrate on in structuring an entrepreneurial climate.

Today's managers must foster excitement for innovation and remove obstacles for employees to engage in corporate entrepreneurship.

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

Entrepreneurial characteristics include

All of the following are important characteristics for establishing an intrapreneurial climate except

The second step in planning a strategy of entrepreneurship for the enterprise is

A competitor's move to increase market share can be a precipitative event in corporate entrepreneurship.

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

A "champion" is a person with a big ego and just gets in the way of corporate entrepreneurship.

In restructuring corporate thinking, top management should

Which of the following will help to foster an innovative climate?

Which of the following helps account for the rise of interest in corporate entrepreneurship?

In an innovative climate, failure is viewed as

Internal venture capital that is set aside for special entrepreneurial projects is termed:

Not all corporate entrepreneurial behavior is good for the organization. Why?

Groups that function outside traditional lines of authority permitting rapid turnaround of new ideas as well as instilling a high level of group loyalty are called:

Innovative factors identified by James Brian Quinn that exist in large organizations experienced in successful innovation include all of the following except:

Corporate venturing flourishes when a vertical management system is in place.

Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation.

The need for corporate entrepreneurship has risen in response to the rise of the global economy.

Corporate entrepreneurial strategy should be thought of as

Which of the following are specific factors identified by researchers, that organizations can concentrate on in structuring an entrepreneurial climate.

Today's managers must foster excitement for innovation and remove obstacles for employees to engage in corporate entrepreneurship.

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

Entrepreneurial characteristics include

All of the following are important characteristics for establishing an intrapreneurial climate except

The second step in planning a strategy of entrepreneurship for the enterprise is

A competitor's move to increase market share can be a precipitative event in corporate entrepreneurship.

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