Question 1

Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets?

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 B

Question 2

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. A

Question 3

Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally.

Accepted Answer

A) True 
 B)False  False

Question 4

Which of the following would not be considered as encouraging to an entrepreneurial environment?

Accepted Answer

A) uniform compensation 
B) identifying potential entrepreneurs 
C) top management sponsorship of entrepreneurship 
D) promotion of entrepreneurship through experimentation 
A) uniform compensation 
B) identifying potential entrepreneurs 
C) top management sponsorship of entrepreneurship 
D) promotion of entrepreneurship through experimentation

Question 5

Explain some of the disadvantages that may occur in firms that are trying to incorporate entrepreneurship into their organizations.

Accepted Answer

One disadvantage may be that there is re

Question 6

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 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

The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve.

Accepted Answer

A) True 
 B)False

Question 9

One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel.

Accepted Answer

A) True 
 B)False

Question 10

Collective entrepreneurship,as a concept,refers to

Accepted Answer

A) the collective spirit of innovation that resides in the firm's founder 
B) the joint recognition of the CEO and CFO as champions of innovation 
C) entrepreneurial thinking that is diffused throughout the company 
D) socialist enterprising 
A) the collective spirit of innovation that resides in the firm's founder 
B) the joint recognition of the CEO and CFO as champions of innovation 
C) entrepreneurial thinking that is diffused throughout the company 
D) socialist enterprising

Question 11

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 12

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

Accepted Answer

The encouragement of corporate entrepren

Question 13

Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques.

Accepted Answer

A) True 
 B)False

Question 14

In the model of sustained corporate entrepreneurship discussed in the text,a transformational trigger can be internal or external to the company.

Accepted Answer

A) True 
 B)False

Question 15

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.

Question 16

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 17

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 18

Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior.

Accepted Answer

A) True 
 B)False

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

Which of the following is an obstacle to corporate entrepreneurship?

Accepted Answer

A) orientation to the market 
B) a system of feedback and positive reinforcement 
C) traditional management techniques 
D) rewards based upon results 
A) orientation to the market 
B) a system of feedback and positive reinforcement 
C) traditional management techniques 
D) rewards based upon results

Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets?

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:

Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally.

Which of the following would not be considered as encouraging to an entrepreneurial environment?

Explain some of the disadvantages that may occur in firms that are trying to incorporate entrepreneurship into their organizations.

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

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

The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve.

One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel.

Collective entrepreneurship,as a concept,refers to

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

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

Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques.

In the model of sustained corporate entrepreneurship discussed in the text,a transformational trigger can be internal or external to the company.

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

The major thrust of corporate entrepreneurship is to

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

Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior.

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

Which of the following is an obstacle to 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

Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets?

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:

Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally.

Which of the following would not be considered as encouraging to an entrepreneurial environment?

Explain some of the disadvantages that may occur in firms that are trying to incorporate entrepreneurship into their organizations.

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

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

The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve.

One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel.

Collective entrepreneurship,as a concept,refers to

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

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

Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques.

In the model of sustained corporate entrepreneurship discussed in the text,a transformational trigger can be internal or external to the company.

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

The major thrust of corporate entrepreneurship is to

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

Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior.

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

Which of the following is an obstacle to 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