Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

________ means individuals with highly innovative DNA traits have the ability to connect seemingly unrelated questions, problems, and ideas from different fields that allows them the opportunity to creatively see opportunities others miss.

Two common forms of a focused approach to corporate entrepreneurship include ________ and ________.

A(n) ________ manager's role is to question the viability of corporate venture projects.

Radical innovations

Whereas ________ are often associated with a low-cost leader strategy, ________ are frequently an important aspect of a differentiation strategy.

Innovations that extend sales in an existing market, usually by enabling new products or services to be sold at higher margins, are known as ________ innovations.

If a company regularly imitates rivals by copying new products, marketing messages, or other aspects of their strategy, this is an example of

Which of the following is not one of the dimensions of entrepreneurial orientation?

Intel uses option contracts for the right to purchase key pieces of equipment at a specific future date. They simulate the likelihood that they will need to purchase a specific piece of equipment and then create the options contracts to reduce risk and potentially save money.

Which kind of risk taking requires that a company borrow heavily or commit a large portion of its resources in order to grow?

________ involves building entrepreneurial businesses within existing corporations.

Whereas ________ often emerge as heroes, ________ run the risk of losing status by opposing popular projects.

Which of the following is not a dilemma faced by corporations trying to manage the innovation process?

Research indicates that leaders of innovative firms spend 50 percent more time on discovery activities than the leaders of less innovative firms.

For innovation team members to work enthusiastically on innovation projects, it is important to separate the performance of individual team members from the performance of the innovation itself.

In a typical corporation, which of the following factors does not determine how entrepreneurial projects will be pursued?

Business incubators are designed to support fledgling entrepreneurial ventures until they can operate as stand-alone businesses.

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision andcarrying it through to completion?

Incremental innovations

Creative intelligence involves the ability to see patterns in data, integrating data, and making insights. Which of the following are the four patterns of action managers should to developmore creative and higher potential innovations?