Question 1

Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from ongoing operations of the firm.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements about skunkworks is false?

Accepted Answer

A)   They are independent work units.
B)   They are used to encourage creative thinking and brainstorming.
C)   They refer to a specialized type of outside contractor that corporations use to develop entrepreneurial ideas.
D)   They help managers set aside their usual routines and practices.E) All of the above
F) C) and D)

Question 3

Creative intelligence involves the ability to see patterns in data,integrating data,and making insights.Which of the following are the four patterns of action managers should take in order to develop more creative and higher potential innovations?

Accepted Answer

A)   observing, experimenting, cataloging, and networking
B)   questioning, observing, integrating, and networking
C)   questioning, observing, experimenting, and networking
D)   observing, experimenting, cataloging, and integratingE) A) and B)
F) A) and C)

Question 4

Discuss how real options logic can be applied in the context of corporate entrepreneurship.Are there any disadvantages to using this approach to make decision about launching corporate ventures?

Accepted Answer

Real options logic can be applied in the...

Question 5

In corporations with a strong entrepreneurial culture,the willingness and ability to change _____________.

Accepted Answer

A)   is imposed from the top-down
B)   is considered a core capability
C)   often leads to instability
D)   often worries stakeholders such as suppliers and creditorsE) B) and C)
F) A) and B)

Question 6

APC (formerly known as the American Productivity and Quality Center)recognizes companies for exemplary practices that increase entrepreneurship as was demonstrated by awardee Air Products and Chemicals,Inc.who was recognized for the importance of staffing for achieving success.

Accepted Answer

A) True 
 B)False

Question 7

Real options analysis is most appropriate when _____________.

Accepted Answer

A)   the total investment required is small, but the environment is uncertain
B)   the investment required can be justified by Discounted Cash Flow (DCF)  techniques
C)   a small investment up front can be followed by a series of subsequent investments
D)   there is no prospect of obtaining additional knowledge before making subsequent investmentsE) C) and D)
F) A) and D)

Question 8

What are some of the pitfalls of real options analysis (ROA)?

Accepted Answer

Real Options Analysis (ROA) is a financi...

Question 9

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 anotherE) A) and B)
F) B) and C)

Question 10

Common features of a dispersed approach to corporate entrepreneurship include all of the following except _____________.

Accepted Answer

A)   semi-autonomous new venture groups
B)   use of product champions
C)   a top-down approach to supporting entrepreneurial behavior
D)   an entrepreneurial cultureE) All of the above
F) A) and B)

Question 11

Research indicates that leaders of innovative firms spend fifty percent more time on discovery activities than the leaders of less innovative firms.

Accepted Answer

A) True 
 B)False

Question 12

Corporate ventures that use real options logic in decision making tend to keep total investment low in order to minimize the downside risk of a project.

Accepted Answer

A) True 
 B)False

Question 13

Proctor and Gamble is centralizing twenty to thirty 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 14

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?

Accepted Answer

A)   autonomy
B)   innovativeness
C)   competitive aggressiveness
D)   risk takingE) B) and D)
F) B) and C)

Question 15

Product innovations are commonly associated with a differentiation strategy.

Accepted Answer

A) True 
 B)False

Question 16

According to the text,firms that want to enhance their entrepreneurial position by being competitively aggressive should _____________.

Accepted Answer

A)   enter markets with drastically lower prices
B)   foster creativity and experimentation
C)   continuously seek out new products or services
D)   research risk factors to minimize uncertaintyE) A) and B)
F) C) and D)

Question 17

Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 18

Innovations that extend sales in an existing market,usually by enabling new products or services to be sold at higher margins are known as _____________.

Accepted Answer

A)   radical innovations
B)   disruptive innovations
C)   technology innovations
D)   sustaining innovationsE) B) and D)
F) A) and B)

Question 19

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 aggressivenessE) B) and C)
F) All of the above

Question 20

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.E) None of the above
F) A) and B)

Exam 12: Managing Innovation and Fosteringcorporate Entrepreneurship

APC (formerly known as the American Productivity and Quality Center)recognizes companies for exemplary practices that increase entrepreneurship as was demonstrated by awardee Air Products and Chemicals,Inc.who was recognized for the importance of staffing for achieving success.

Correct AnswerverifiedShow Answer

Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from ongoing operations of the firm.

Correct AnswerverifiedShow Answer

Innovations that extend sales in an existing market,usually by enabling new products or services to be sold at higher margins are known as _____________.

Correct AnswerverifiedShow Answer

The innovation dilemma known as seeds versus weeds refers to _____________.

Correct AnswerverifiedShow Answer

Real options analysis is most appropriate when _____________.

Correct AnswerverifiedShow Answer

In corporations with a strong entrepreneurial culture,the willingness and ability to change _____________.

Correct AnswerverifiedShow Answer

Corporate ventures that use real options logic in decision making tend to keep total investment low in order to minimize the downside risk of a project.

Correct AnswerverifiedShow Answer

Which of the following statements about skunkworks is false?

Correct AnswerverifiedShow Answer

Common features of a dispersed approach to corporate entrepreneurship include all of the following except _____________.

Correct AnswerverifiedShow Answer

What are some of the pitfalls of real options analysis (ROA)?

Correct AnswerAnswered by ExamLex AIReal Options Analysis (ROA) is a financi...View AnswerShow Answer

Research indicates that leaders of innovative firms spend fifty percent more time on discovery activities than the leaders of less innovative firms.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Discuss how real options logic can be applied in the context of corporate entrepreneurship.Are there any disadvantages to using this approach to make decision about launching corporate ventures?

Correct AnswerAnswered by ExamLex AIReal options logic can be applied in the...View AnswerShow Answer

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?

Correct AnswerverifiedShow Answer

Product innovations are commonly associated with a differentiation strategy.

Correct AnswerverifiedShow Answer

Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

According to the text,firms that want to enhance their entrepreneurial position by being competitively aggressive should _____________.

Correct AnswerverifiedShow Answer

Proctor and Gamble is centralizing twenty to thirty 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.

Correct AnswerverifiedShow Answer

Creative intelligence involves the ability to see patterns in data,integrating data,and making insights.Which of the following are the four patterns of action managers should take in order to develop more creative and higher potential innovations?

Correct AnswerverifiedShow Answer

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Answered by ExamLex AI
Real Options Analysis (ROA) is a financi...
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Answered by ExamLex AI
Real options logic can be applied in the...
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