Question 1

Which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness?

Accepted Answer

A)  fostering creativity and experimentation 
B)  investing in new technology, R&D, and continuous improvement 
C)  copying the business practices or techniques of successful competitors 
D)  departing from existing technologies to develop products and practices that go beyond the current state of the art 
A)  fostering creativity and experimentation 
B)  investing in new technology, R&D, and continuous improvement 
C)  copying the business practices or techniques of successful competitors 
D)  departing from existing technologies to develop products and practices that go beyond the current state of the art

Question 2

Business risk taking refers to the risk associated with entering untested markets or committing to unproven technologies.

Accepted Answer

A) True 
 B)False

Question 3

Incremental innovations

Accepted Answer

A)  are usually highly disruptive. 
B)  usually represent technological transitions. 
C)  are usually small improvements in products and processes. 
D)  nearly always can be patented. 
A)  are usually highly disruptive. 
B)  usually represent technological transitions. 
C)  are usually small improvements in products and processes. 
D)  nearly always can be patented.

Question 4

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

Accepted Answer

A)  structural features that guide and constrain action 
B)  corporate culture 
C)  organizational systems that foster learning and manage rewards 
D)  number of innovation projects in the pipeline 
A)  structural features that guide and constrain action 
B)  corporate culture 
C)  organizational systems that foster learning and manage rewards 
D)  number of innovation projects in the pipeline

Question 5

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

Accepted Answer

A)  product champion 
B)  exit champion 
C)  rising star 
D)  mentor 
A)  product champion 
B)  exit champion 
C)  rising star 
D)  mentor

Question 6

________ 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.

Accepted Answer

A)  Associating 
B)  Integrating 
C)  Visioning 
D)  Allocating 
A)  Associating 
B)  Integrating 
C)  Visioning 
D)  Allocating

Question 7

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 8

Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities?

Accepted Answer

A)  proactiveness 
B)  risk taking 
C)  autonomy 
D)  competitive aggressiveness 
A)  proactiveness 
B)  risk taking 
C)  autonomy 
D)  competitive aggressiveness

Question 9

________ refers to efforts to create designs and applications of technology to develop new products,while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Accepted Answer

A)  Radical innovation; incremental innovation 
B)  Breakthrough innovation; instrumental innovation 
C)  Product innovation; process innovation 
D)  Product innovation; service innovation 
A)  Radical innovation; incremental innovation 
B)  Breakthrough innovation; instrumental innovation 
C)  Product innovation; process innovation 
D)  Product innovation; service innovation

Question 10

Michael Lazaridis got the idea for a wireless email device that led him to found Research in Motion,now called BlackBerry,from a conference he attended.At the conference,a speaker was discussing a wireless system Coca-Cola was using that allowed vending machines to send a signal when they needed refilling.Lazaridis saw the opportunity to use the same concept with email communications,and the idea for the smartphone was hatched.This is an example of which innovator DNA trait?

Accepted Answer

A)  experimenting 
B)  associating 
C)  observing 
D)  networking 
A)  experimenting 
B)  associating 
C)  observing 
D)  networking

Question 11

Strategic reasons for undertaking a corporate venture do not include

Accepted Answer

A)  entering into new markets. 
B)  expanding capabilities by acquiring new knowledge. 
C)  building the base of corporation resources. 
D)  reinforcing stakeholder commitment. 
A)  entering into new markets. 
B)  expanding capabilities by acquiring new knowledge. 
C)  building the base of corporation resources. 
D)  reinforcing stakeholder commitment.

Question 12

________ involves building entrepreneurial businesses within existing corporations.

Accepted Answer

A)  Insourcing 
B)  On-shoring 
C)  Intrapreneurship 
D)  Entrepreneurship 
A)  Insourcing 
B)  On-shoring 
C)  Intrapreneurship 
D)  Entrepreneurship

Question 13

Radical innovations

Accepted Answer

A)  often result in quick profits. 
B)  often occur because of technological change. 
C)  usually apply simultaneously to products and processes. 
D)  are a form of contentious innovation. 
A)  often result in quick profits. 
B)  often occur because of technological change. 
C)  usually apply simultaneously to products and processes. 
D)  are a form of contentious innovation.

Question 14

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 15

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

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A)  launching incremental versus preemptive innovations 
B)  emphasizing marketing versus management innovations 
C)  choosing between experience and initiative 
D)  choosing between internal rather and external staffing 
A)  launching incremental versus preemptive innovations 
B)  emphasizing marketing versus management innovations 
C)  choosing between experience and initiative 
D)  choosing between internal rather and external staffing

Question 17

Proctor and Gamble has centralized 20 to 30 percent of its research efforts in a new corporate-level business creation and innovation unit.They believe that this will assist them only with developing incremental innovations that will help the overall bottom line.

Accepted Answer

A) True 
 B)False

Question 18

Product innovations are commonly associated with a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 19

If a company dramatically lowers prices to take market share from rival firms,this is an example of

Accepted Answer

A)  innovativeness. 
B)  proactiveness. 
C)  competitive aggressiveness. 
D)  autonomy. 
A)  innovativeness. 
B)  proactiveness. 
C)  competitive aggressiveness. 
D)  autonomy.

Question 20

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

Accepted Answer

A)  managers; employees 
B)  product champions; exit champions 
C)  exit champions; product champions 
D)  shareholders; managers 
A)  managers; employees 
B)  product champions; exit champions 
C)  exit champions; product champions 
D)  shareholders; managers

Which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness?

Business risk taking refers to the risk associated with entering untested markets or committing to unproven technologies.

Incremental innovations

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

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

________ 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.

Financial reasons for undertaking internal corporate venturing include

Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities?

refers to efforts to create designs and applications of technology to develop new products,while refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Strategic reasons for undertaking a corporate venture do not include

________ involves building entrepreneurial businesses within existing corporations.

Radical innovations

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

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

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

Proctor and Gamble has centralized 20 to 30 percent of its research efforts in a new corporate-level business creation and innovation unit.They believe that this will assist them only with developing incremental innovations that will help the overall bottom line.

Product innovations are commonly associated with a differentiation strategy.

If a company dramatically lowers prices to take market share from rival firms,this is an example of

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

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

Which of the following is not one of the methods companies can use to enhance their competitive position via innovativeness?

Business risk taking refers to the risk associated with entering untested markets or committing to unproven technologies.

Incremental innovations

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

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

________ 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.

Financial reasons for undertaking internal corporate venturing include

Which of the following dimensions of entrepreneurial orientation is described as a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities?

________ refers to efforts to create designs and applications of technology to develop new products,while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Strategic reasons for undertaking a corporate venture do not include

________ involves building entrepreneurial businesses within existing corporations.

Radical innovations

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

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

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

Proctor and Gamble has centralized 20 to 30 percent of its research efforts in a new corporate-level business creation and innovation unit.They believe that this will assist them only with developing incremental innovations that will help the overall bottom line.

Product innovations are commonly associated with a differentiation strategy.

If a company dramatically lowers prices to take market share from rival firms,this is an example of

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

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

refers to efforts to create designs and applications of technology to develop new products,while refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

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

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