Exam 13: Strategic Entrepreneurship

A cross-functional work team is having difficulties in operating smoothly and friction has developed among some of the members. Many of the strongest complaints are from the representatives of management who complain that the research scientists are disorganized, haphazard, and undisciplined. Managers complain the scientists do not adhere to any fixed rules or procedures. On the other hand, the research scientists complain that the managerial representatives are excessively rule-oriented bureaucrats, and have no flexibility or spontaneity. The main problem with this team seems to be centered around differences in:

(Multiple Choice)

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Question 41

Induced strategic behavior as a form of internal innovation is a(n) ____ process.

(Multiple Choice)

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Question 42

Research has shown that internationally diversified firms are generally more innovative.

(True/False)

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Question 43

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

(True/False)

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Question 44

____ exist(s) when there is a need in the market that can be satisfied by new goods or services.

(Multiple Choice)

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Question 45

Entrepreneurship is the process by which individuals or groups identify and pursue without being immediately constrained by the they currently control.

(Multiple Choice)

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Question 46

What is the importance of international entrepreneurship?

(Essay)

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Question 47

As a process, entrepreneurship results in the "creative destruction" of existing products (goods or services) or methods of producing them and replaces them with new products and production methods.

(True/False)

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Question 48

Innovations that involve significant technological breakthroughs and create new knowledge:

(Multiple Choice)

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Question 49

Discuss the methods an organization can use to facilitate cross-functional integration.

(Essay)

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Question 50

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

(True/False)

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Question 51

The level of entrepreneurial activity in a nation is ____ the nation's level of economic development.

(Multiple Choice)

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Question 52

Larger, established firms, mainly those competing globally, use their R&D labs to create disruptive technologies and products.

(True/False)

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Question 53

The new abrasive, Cubitron II, was developed through cooperative relationships among 3M business units. As such, Cubitron II is an example of:

(Multiple Choice)

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Question 54

Entrepreneurial opportunities exist because of competitive imperfections in the markets and among the factors of production.

(True/False)

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Question 55

The idea that it is "vital to sell the ideas to others in the organization so that innovations will be commercialized" is the rationale behind the use of:

(Multiple Choice)

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Question 56

____are individuals, acting independently or as part of an organization, who see an opportunity and then take risks to develop an innovation to exploit it.

(Multiple Choice)

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Question 57

If the firm's current employees are well-trained in their jobs, but also have other knowledge, skills, and abilities, these employees have:

(Multiple Choice)

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Question 58

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are the three ways that firms implement internal innovations.

(True/False)

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Question 59

Firms develop innovations in all the following ways EXCEPT:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 109

Induced strategic behavior as a form of internal innovation is a(n) ____ process.

Research has shown that internationally diversified firms are generally more innovative.

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

____ exist(s) when there is a need in the market that can be satisfied by new goods or services.

Entrepreneurship is the process by which individuals or groups identify and pursue without being immediately constrained by the they currently control.

What is the importance of international entrepreneurship?

As a process, entrepreneurship results in the "creative destruction" of existing products (goods or services) or methods of producing them and replaces them with new products and production methods.

Innovations that involve significant technological breakthroughs and create new knowledge:

Discuss the methods an organization can use to facilitate cross-functional integration.

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

The level of entrepreneurial activity in a nation is ____ the nation's level of economic development.

Larger, established firms, mainly those competing globally, use their R&D labs to create disruptive technologies and products.

The new abrasive, Cubitron II, was developed through cooperative relationships among 3M business units. As such, Cubitron II is an example of:

Entrepreneurial opportunities exist because of competitive imperfections in the markets and among the factors of production.

The idea that it is "vital to sell the ideas to others in the organization so that innovations will be commercialized" is the rationale behind the use of:

____are individuals, acting independently or as part of an organization, who see an opportunity and then take risks to develop an innovation to exploit it.

If the firm's current employees are well-trained in their jobs, but also have other knowledge, skills, and abilities, these employees have:

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are the three ways that firms implement internal innovations.

Firms develop innovations in all the following ways EXCEPT:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Filters

Exam 13: Strategic Entrepreneurship

Induced strategic behavior as a form of internal innovation is a(n) ____ process.

Research has shown that internationally diversified firms are generally more innovative.

While smaller firms must use cooperative strategies as a means of producing innovations, larger firms with large R&D units such as P&G and 3M can produce most if not all innovations internally.

____ exist(s) when there is a need in the market that can be satisfied by new goods or services.

Entrepreneurship is the process by which individuals or groups identify and pursue ____ without being immediately constrained by the ____ they currently control.

What is the importance of international entrepreneurship?

As a process, entrepreneurship results in the "creative destruction" of existing products (goods or services) or methods of producing them and replaces them with new products and production methods.

Innovations that involve significant technological breakthroughs and create new knowledge:

Discuss the methods an organization can use to facilitate cross-functional integration.

A product champion should come from outside the organization in order to ensure that the entrepreneurial vision has the objective support it needs.

The level of entrepreneurial activity in a nation is ____ the nation's level of economic development.

Larger, established firms, mainly those competing globally, use their R&D labs to create disruptive technologies and products.

The new abrasive, Cubitron II, was developed through cooperative relationships among 3M business units. As such, Cubitron II is an example of:

Entrepreneurial opportunities exist because of competitive imperfections in the markets and among the factors of production.

The idea that it is "vital to sell the ideas to others in the organization so that innovations will be commercialized" is the rationale behind the use of:

____are individuals, acting independently or as part of an organization, who see an opportunity and then take risks to develop an innovation to exploit it.

If the firm's current employees are well-trained in their jobs, but also have other knowledge, skills, and abilities, these employees have:

An entrepreneurial mind-set, cross-functional product development teams, and shared values/leadership are the three ways that firms implement internal innovations.

Firms develop innovations in all the following ways EXCEPT:

Strategic Management and Strategic Competitiveness

The External Environment: Opportunities, Threats, Industry Competition, and Competitor Analysis

The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

Business-Level Strategy

Competitive Rivalry and Competitive Dynamics

Corporate-Level Strategy

Merger and Acquisition Strategies

International Strategy

Cooperative Strategy

Corporate Governance

Organizational Structure and Controls

Strategic Leadership

Filters

Entrepreneurship is the process by which individuals or groups identify and pursue without being immediately constrained by the they currently control.