Question 1

The iPod likely resulted from autonomous strategic behavior at Apple, though the iPhone was more the result of induced strategic behavior.

Accepted Answer

A) True 
 B)False

Question 2

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items. These are examples of:

Accepted Answer

A)  incremental innovation. 
B)  invention. 
C)  imitation. 
D)  the use of social capital. 
A)  incremental innovation. 
B)  invention. 
C)  imitation. 
D)  the use of social capital.

Question 3

Knowledge must be transferred to others in the firm to enhance the entrepreneurial competence of the firm. This requires that:

Accepted Answer

A)  the receiving party has adequate absorptive capacity to learn. 
B)  the communication process be highly intensive. 
C)  the knowledge be broken into the smallest comprehensible units. 
D)  training consultants be involved in every step of transference. 
A)  the receiving party has adequate absorptive capacity to learn. 
B)  the communication process be highly intensive. 
C)  the knowledge be broken into the smallest comprehensible units. 
D)  training consultants be involved in every step of transference.

Question 4

Autonomous strategic behavior results in internal innovations that are highly consistent with the firm's current strategy.

Accepted Answer

A) True 
 B)False

Question 5

Bill Kroganski is the owner of a moderately successful industrial services firm. His reaction to the introduction of a new process technology that could be a direct competitor to the process his firm utilizes is fear. He spends his time considering ways to isolate his firm from this new technology. Bill has characteristics consistent with the entrepreneurial mind-set.

Accepted Answer

A) True 
 B)False

Question 6

The main risk in a strategic alliance is that:

Accepted Answer

A)  the alliance will not result in a successful innovation. 
B)  critical employees will be hired away by the strategic partner. 
C)  one partner will use the other partner's knowledge and use it to enhance its own competitive abilities. 
D)  the partners will lose control over their internal processes. 
A)  the alliance will not result in a successful innovation. 
B)  critical employees will be hired away by the strategic partner. 
C)  one partner will use the other partner's knowledge and use it to enhance its own competitive abilities. 
D)  the partners will lose control over their internal processes.

Question 7

Blixin Concrete Products, an established firm, is seeking a technologically advanced partner for a strategic alliance. If the potential partner is a new entrepreneurial venture, the main benefit the Blixin Concrete can offer is probably:

Accepted Answer

A)  investment capital. 
B)  management expertise. 
C)  research and development competencies. 
D)  social networks. 
A)  investment capital. 
B)  management expertise. 
C)  research and development competencies. 
D)  social networks.

Question 8

Pet Care Companion Connection (PCCC) is an organization that trains persons with mild-to-moderate mental disabilities to care for pets in a pet boarding facility. This organization has been successful in providing a quality service for pet owners and a supportive training environment for their trainees. The tuition charged to trainees is only somewhat higher than the fee, which day-care providers would charge for these individuals. Graduates of the program are qualified for employment by commercial kennels. PCCC is an example of:

Accepted Answer

A)  taking advantage of a need in the marketplace. 
B)  creative destruction of existing services for pet boarding. 
C)  institutionalized entrepreneurship. 
D)  internal corporate venturing. 
A)  taking advantage of a need in the marketplace. 
B)  creative destruction of existing services for pet boarding. 
C)  institutionalized entrepreneurship. 
D)  internal corporate venturing.

Question 9

The three types of innovative activity include all of the following EXCEPT:

Accepted Answer

A)  invention. 
B)  imitation. 
C)  implementation. 
D)  innovation. 
A)  invention. 
B)  imitation. 
C)  implementation. 
D)  innovation.

Question 10

For firms to be entrepreneurial, they must stress individualism in their employees above all other characteristics.

Accepted Answer

A) True 
 B)False

Question 11

AgroPharm is searching for a top-level executive. AgroPharm has marketed its products only to U.S. farmers and agribusinesses in the past. Now, the company plans to expand operations to Mexico and Central America in the next 2 years. To maximize the chances of success it is critical that the new executive:

Accepted Answer

A)  be of Hispanic descent. 
B)  have international experience. 
C)  possess an advanced degree in animal science. 
D)  have a background in managing agribusiness firms. 
A)  be of Hispanic descent. 
B)  have international experience. 
C)  possess an advanced degree in animal science. 
D)  have a background in managing agribusiness firms.

Question 12

When used effectively, cross-functional teams will often bring about:

Accepted Answer

A)  faster product development processes. 
B)  an increased need for additional information. 
C)  conflicting information about the business environment. 
D)  future cooperative alliances. 
A)  faster product development processes. 
B)  an increased need for additional information. 
C)  conflicting information about the business environment. 
D)  future cooperative alliances.

Question 13

One of the distinguishing differences between the two sources of internal corporate venturing (autonomous strategic behavior and induced strategic behavior) is whether the innovation process:

Accepted Answer

A)  is encouraged through a bottom-up or top-down process. 
B)  is encouraged by a product champion or an entrepreneur external to the organization. 
C)  relies on internal structure or existing strategy to encourage innovation. 
D)  is in a large or small organization. 
A)  is encouraged through a bottom-up or top-down process. 
B)  is encouraged by a product champion or an entrepreneur external to the organization. 
C)  relies on internal structure or existing strategy to encourage innovation. 
D)  is in a large or small organization.

Question 14

The firm's culture promotes unity of purpose for cross-functional work teams through:

Accepted Answer

A)  a collectivist structure. 
B)  an entrepreneurial mind-set. 
C)  shared values. 
D)  resource allocation. 
A)  a collectivist structure. 
B)  an entrepreneurial mind-set. 
C)  shared values. 
D)  resource allocation.

Question 15

Discuss the potential benefits and disadvantages of innovation through cooperative strategies.

Accepted Answer

A firm may not have the knowledge and ca

Question 16

Innovation creates a(n):

Accepted Answer

A)  opportunity for a new product or process. 
B)  new product or process. 
C)  commercial product. 
D)  idea for potential exploitation. 
A)  opportunity for a new product or process. 
B)  new product or process. 
C)  commercial product. 
D)  idea for potential exploitation.

Question 17

Cross-functional work teams are best supported by vertical organizational structures.

Accepted Answer

A) True 
 B)False

Question 18

A negative effect of acquiring other firms for the purpose of innovation is:

Accepted Answer

A)  innovations cannot be transferred between organizations. 
B)  the effect it can have on the firm's own ability to produce innovations. 
C)  innovations may not actually be present in the firm after the purchase is completed. 
D)  the acquired firm's employees usually leave. 
A)  innovations cannot be transferred between organizations. 
B)  the effect it can have on the firm's own ability to produce innovations. 
C)  innovations may not actually be present in the firm after the purchase is completed. 
D)  the acquired firm's employees usually leave.

Question 19

Isidore Security Services is a national provider of guard and security services for businesses. It has been in business for over 90 years, having been founded by one of Teddy Roosevelt's Rough Riders (Isidore O'Malley). Lately it has been losing clients to more aggressive and innovative firms offering remote security monitoring systems instead of a guard-based approach. The board of directors of Isidore Security Services is concerned that this downward trend may threaten the existence of this venerable firm and the jobs of its employees.  Which one of the following is true?

Accepted Answer

A)  This is an example of an established firm neglecting the opportunity-seeking aspect of strategic entrepreneurship. 
B)  This example shows the dysfunctional aspects of unrestricted entrepreneurialism. 
C)  This is an example of the lack of human capital hampering internal innovation. 
D)  Isidore Security Services is suffering from the "novelty effect" wherein new firms are more attractive to clients/customers merely because they are new and not because they add value. 
A)  This is an example of an established firm neglecting the opportunity-seeking aspect of strategic entrepreneurship. 
B)  This example shows the dysfunctional aspects of unrestricted entrepreneurialism. 
C)  This is an example of the lack of human capital hampering internal innovation. 
D)  Isidore Security Services is suffering from the "novelty effect" wherein new firms are more attractive to clients/customers merely because they are new and not because they add value.

Question 20

Through the work of cross-functional teams, product development stages are grouped into ____ processes.

Accepted Answer

A)  short-term and long-term 
B)  parallel or overlapping 
C)  serially ordered 
D)  complementary 
A)  short-term and long-term 
B)  parallel or overlapping 
C)  serially ordered 
D)  complementary

The iPod likely resulted from autonomous strategic behavior at Apple, though the iPhone was more the result of induced strategic behavior.

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items. These are examples of:

Knowledge must be transferred to others in the firm to enhance the entrepreneurial competence of the firm. This requires that:

Autonomous strategic behavior results in internal innovations that are highly consistent with the firm's current strategy.

The main risk in a strategic alliance is that:

Blixin Concrete Products, an established firm, is seeking a technologically advanced partner for a strategic alliance. If the potential partner is a new entrepreneurial venture, the main benefit the Blixin Concrete can offer is probably:

The three types of innovative activity include all of the following EXCEPT:

For firms to be entrepreneurial, they must stress individualism in their employees above all other characteristics.

When used effectively, cross-functional teams will often bring about:

One of the distinguishing differences between the two sources of internal corporate venturing (autonomous strategic behavior and induced strategic behavior) is whether the innovation process:

The firm's culture promotes unity of purpose for cross-functional work teams through:

Discuss the potential benefits and disadvantages of innovation through cooperative strategies.

Innovation creates a(n):

Cross-functional work teams are best supported by vertical organizational structures.

A negative effect of acquiring other firms for the purpose of innovation is:

Through the work of cross-functional teams, product development stages are grouped into ____ processes.

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

The iPod likely resulted from autonomous strategic behavior at Apple, though the iPhone was more the result of induced strategic behavior.

Panera Bread has innovated to improve the quality of its distribution system, to improve the quality of its bread dough, and to introduce new menu items. These are examples of:

Knowledge must be transferred to others in the firm to enhance the entrepreneurial competence of the firm. This requires that:

Autonomous strategic behavior results in internal innovations that are highly consistent with the firm's current strategy.

The main risk in a strategic alliance is that:

Blixin Concrete Products, an established firm, is seeking a technologically advanced partner for a strategic alliance. If the potential partner is a new entrepreneurial venture, the main benefit the Blixin Concrete can offer is probably:

The three types of innovative activity include all of the following EXCEPT:

For firms to be entrepreneurial, they must stress individualism in their employees above all other characteristics.

When used effectively, cross-functional teams will often bring about:

One of the distinguishing differences between the two sources of internal corporate venturing (autonomous strategic behavior and induced strategic behavior) is whether the innovation process:

The firm's culture promotes unity of purpose for cross-functional work teams through:

Discuss the potential benefits and disadvantages of innovation through cooperative strategies.

Innovation creates a(n):

Cross-functional work teams are best supported by vertical organizational structures.

A negative effect of acquiring other firms for the purpose of innovation is:

Through the work of cross-functional teams, product development stages are grouped into ____ processes.

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