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Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

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Question 21

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The term skunkworks is used to refer to a type of in-house facility that corporations use to develop entrepreneurial ideas.

A) True
B) False

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Question 22

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The more specific the human capital of the manager becomes,the easier it is to transfer it to other organizations.

A) True
B) False

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Question 23

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Whereas ______________ are often associated with a low cost leader strategy,______________ are frequently an important aspect of a differentiation strategy.

Firms can act proactively by introducing new products or technological capabilities after the competition has entered the market.Amazon and its online bookselling market is a good example of this.

A real estate option grants the holder the obligation to buy or sell a piece of property at an established price sometime in the future.

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?

One of the potential pitfalls of real options analysis is that managers may have the incentive and know-how to game the system.

One of the important questions the corporation must address in assessing the effectiveness of its venturing initiatives is that of the sustainability of its basis of competitive advantage.

Graphene can be magnetized and used in building computer systems that use spintronics,a technology that involves processing a signal using magnetic spin rather than electric change.It has the potential to replace silicon as the primary component of semiconductor chips.This is an example of disruptive innovation.

Project ______________ involves justifying whether an opportunity is attractive in the marketplace; project ______________ involves evaluating the strategic and economic impact of a new venture.

Options exist when the owner of the option has _____________ to engage in a transaction.

When evaluating the effectiveness of the venturing initiatives of a corporation,an assessment needs to be made of the external competencies of the firm in order to determine if goals such as leveraging existing assets,building new knowledge,and enhancing company capabilities are likely to be met.

Exit champions deal in uncertainty and ambiguity.Product champions reduce ambiguity by gathering hard data and developing a strong case for why a project should be killed.

Which kind of risk taking requires that a company borrow heavily or commit a large portion of its resources in order to grow?

Characteristics of the NVG that Taco Bell used to develop its Waffle Taco include all of the following except:

New venture groups are formed within corporations by individuals or a division and usually have the same mandate as a typical research and development department.

The term innovation refers primarily to an invention that uses the latest technologies.

The Dutch Boy twist and pour paint container is an example of a high tech source of innovation.

Real options analysis helps managers make investment decisions involving large irreversible commitments of financial resources.

Sustaining innovations are those that overturn markets by providing an altogether new approach to meeting customer needs.