Exam 2: Entrepreneurial Intentions and Corporate Entrepreneurship

It is important for an entrepreneur to understand all aspects of the environment.Part of this ability is reflected in the individual's level of creativity,which generally increases with age and education in most individuals.

All these are characteristics of an entrepreneurial environment except:

Identify 5 of the 12 characteristics of an entrepreneurial environment.

When establishing corporate entrepreneurship in an organization rewards should:

Identify the seven leadership characteristics of a corporate entrepreneur.

Entrepreneurial culture and growth orientation consists of all of the following except:

Entrepreneurial activities tend to immediately affect the bottom line,and hence are seldom overlooked and receive extensive funding and support.

Which of the following is true?

In regards to the differences between the entrepreneurial and administrative focuses which of the following is correct?

Explain the benefits,or practical implications,of using the dual process model of coping with negative emotions.

Entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity.

One study found that new ventures started within a corporation performed better than those started independently by entrepreneurs.

Identify and briefly describe the 4 major parts of corporate entrepreneurship. 1.New business venturing: These entrepreneurial activities consist of creating something new of value either by redefining the company's current products or services,developing new markets,or forming more formally autonomous or semiautonomous units or firms. 2.Organizational innovativeness refers to product and service innovation.It includes new product development,product improvements,and new production methods and procedures. 3.Self-renewal is the transformation of an organization through the renewal of the key ideas on which it is built.Includes a redefinition of the business concept,reorganization,and the introduction of system wide changes to increase innovation. 4.Proactiveness includes initiative and risk taking,as well as competitive aggressiveness and boldness,which are particularly reflected in the orientations and activities of top management.A proactive organization tends to take risks by conducting experiments;it also takes initiative and is bold and aggressive in pursuing opportunities.Organizations with this proactive spirit attempt to lead rather than follow competitors in such key business areas as the introduction of new products or services,operating technologies,and administrative techniques.

Generally,independent,venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly.

Corporate venturing consists of creating something new of value either by redefining the company's current products or services,developing new markets,or forming more formally autonomous or semiautonomous units or firms.

Entrepreneurially managed firm structure is usually flat with multiple informal networks.

Explain the dual process model of coping with negative emotions.

Which is NOT a leadership characteristic of a corporate entrepreneur according to the text?

For an organization with a traditional environment,it is best to facilitate an external process to establish an entrepreneurial environment.

Which company,discussed in our text as an example of corporate entrepreneurship,created a high quality monitor that was used by NASA?