Question 1

Financial reasons for undertaking internal corporate venturing include

Accepted Answer

A)  strengthening competitive position. 
B)  obtaining above average returns. 
C)  adding to the resource base of the corporation. 
D)  reducing stakeholder commitment. 
A)  strengthening competitive position. 
B)  obtaining above average returns. 
C)  adding to the resource base of the corporation. 
D)  reducing stakeholder commitment.

Question 2

The term strategic envelope refers to the scope of innovation efforts of a firm.

Accepted Answer

A) True 
 B)False

Question 3

Only about 50 percent of corporate venturing efforts reach profitability within six years of their launch.

Accepted Answer

A) True 
 B)False

Question 4

Innovation involves using ________ knowledge to ________ organizational processes or create commercially viable products and services.

Accepted Answer

A)  more; disrupt 
B)  good; disrupt 
C)  new; transform 
D)  old; design 
A)  more; disrupt 
B)  good; disrupt 
C)  new; transform 
D)  old; design

Question 5

Which of the following is not characteristic of a disruptive innovation?

Accepted Answer

A)  It is usually more sophisticated technologically. 
B)  It appeals to less demanding customers. 
C)  It is typically a less expensive solution for meeting a need. 
D)  It usually takes root in a new market or the low-end of an existing market. 
A)  It is usually more sophisticated technologically. 
B)  It appeals to less demanding customers. 
C)  It is typically a less expensive solution for meeting a need. 
D)  It usually takes root in a new market or the low-end of an existing market.

Question 6

The innovation dilemma known as "seeds versus weeds" refers to

Accepted Answer

A)  choosing to pursue radical rather than incremental innovations. 
B)  choosing to pursue product rather than process innovations. 
C)  promoting organizational stars onto innovation teams rather than involving all employees in innovation efforts. 
D)  choosing to pursue investment in one innovative idea over another. 
A)  choosing to pursue radical rather than incremental innovations. 
B)  choosing to pursue product rather than process innovations. 
C)  promoting organizational stars onto innovation teams rather than involving all employees in innovation efforts. 
D)  choosing to pursue investment in one innovative idea over another.

Question 7

MiO, brought the Kraft Heinz Company many new awards including the 2011 Walmart Innovation of the Year Award and the 2012 Gold Medal Edison Innovation Award. What kind of innovation did MiO represent?

Accepted Answer

A)  incremental innovation 
B)  technology innovation 
C)  process innovation 
D)  product innovation 
A)  incremental innovation 
B)  technology innovation 
C)  process innovation 
D)  product innovation

Question 8

Explain why the seeds versus weeds dilemma is important.

Accepted Answer

Most companies have an abundance of inno

Question 9

New technology is an important source of new ideas because it

Accepted Answer

A)  is seen by the customer as being important. 
B)  provides the manpower that firms need to make new products and services. 
C)  automatically reduces organizational waste. 
D)  provides the raw material that firms use to make innovative products and services. 
A)  is seen by the customer as being important. 
B)  provides the manpower that firms need to make new products and services. 
C)  automatically reduces organizational waste. 
D)  provides the raw material that firms use to make innovative products and services.

Question 10

The costly Motorola global satellite telecom project known as Iridium provides a useful illustration of the ________. Even though problems with the project existed during the lengthy development process, Motorola refused to pull the plug. Only after investing 5 billion USD and years of effort was the project abandoned.

Accepted Answer

A)  overdependence on the exit champion 
B)  lack of a product champion 
C)  overdependence on the product champion 
D)  lack of an exit champion 
A)  overdependence on the exit champion 
B)  lack of a product champion 
C)  overdependence on the product champion 
D)  lack of an exit champion

Question 11

What is real options analysis (ROA) as it applies to entrepreneurship and when is it appropriate to be used in this context?

Accepted Answer

Real options analysis (ROA) is an invest

Question 12

The innovation dilemma known as "building capabilities versus collaborating" refers to

Accepted Answer

A)  developing innovation skills internally versus partnering with qualified outsiders. 
B)  building innovative products in-house versus outsourcing. 
C)  building credibility by launching products ahead of potential collaboration partners. 
D)  incrementally launching a product. 
A)  developing innovation skills internally versus partnering with qualified outsiders. 
B)  building innovative products in-house versus outsourcing. 
C)  building credibility by launching products ahead of potential collaboration partners. 
D)  incrementally launching a product.

Question 13

Focused corporate venturing permeates all parts of the organization and involves every member of the organization.

Accepted Answer

A) True 
 B)False

Financial reasons for undertaking internal corporate venturing include

The term strategic envelope refers to the scope of innovation efforts of a firm.

Only about 50 percent of corporate venturing efforts reach profitability within six years of their launch.

Innovation involves using knowledge to organizational processes or create commercially viable products and services.

Which of the following is not characteristic of a disruptive innovation?

The innovation dilemma known as "seeds versus weeds" refers to

MiO, brought the Kraft Heinz Company many new awards including the 2011 Walmart Innovation of the Year Award and the 2012 Gold Medal Edison Innovation Award. What kind of innovation did MiO represent?

Explain why the seeds versus weeds dilemma is important.

New technology is an important source of new ideas because it

What is real options analysis (ROA) as it applies to entrepreneurship and when is it appropriate to be used in this context?

The innovation dilemma known as "building capabilities versus collaborating" refers to

Focused corporate venturing permeates all parts of the organization and involves every member of the organization.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's Tangible Resources

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Filters

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

Financial reasons for undertaking internal corporate venturing include

The term strategic envelope refers to the scope of innovation efforts of a firm.

Only about 50 percent of corporate venturing efforts reach profitability within six years of their launch.

Innovation involves using ________ knowledge to ________ organizational processes or create commercially viable products and services.

Which of the following is not characteristic of a disruptive innovation?

The innovation dilemma known as "seeds versus weeds" refers to

MiO, brought the Kraft Heinz Company many new awards including the 2011 Walmart Innovation of the Year Award and the 2012 Gold Medal Edison Innovation Award. What kind of innovation did MiO represent?

Explain why the seeds versus weeds dilemma is important.

New technology is an important source of new ideas because it

What is real options analysis (ROA) as it applies to entrepreneurship and when is it appropriate to be used in this context?

The innovation dilemma known as "building capabilities versus collaborating" refers to

Focused corporate venturing permeates all parts of the organization and involves every member of the organization.

Strategic Management Creating Competitive Advantages

Analyzing the External Environment of the Firm Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets Moving beyond a Firm's Tangible Resources

Business-Level Strategy Creating and Sustaining Competitive Advantages

Corporate-Level Strategy Creating Value through Diversification

International Strategy Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership Creating a Learning Organization and an Ethical Organization

Filters

Innovation involves using knowledge to organizational processes or create commercially viable products and services.