Question 1

________ produce fundamental changes that can transform a company or even revolutionize an industry,while ________ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

Accepted Answer

A)  Technological breakthroughs;product-market breakthroughs
B)  New technologies;new paradigms
C)  Incremental innovations;radical innovations
D)  Radical innovations;incremental innovationsE) A) and B)
F) None of the above

Question 2

Walmart has an aggressive pricing structure that has forced smaller,local retailers out of business in many markets.Local cities responded with regulations that make it difficult for Walmart to move into or expand operations in these areas.This is an example of

Accepted Answer

A)  competitive aggressiveness not always leading to competitive advantages.
B)  community regulations not leading to competitive advantages.
C)  competitive aggressiveness always leading to competitive advantages.
D)  community regulations diminishing small business choices.E) None of the above
F) C) and D)

Question 3

Exit champions are often reluctant to gather hard data about a venture because it might kill the project.

Accepted Answer

A) True 
 B)False

Question 4

Which habit is most directly related to the innovative process that managers should acquire as they start to build the innovative DNA needed to be more successful innovators in the future?

Accepted Answer

A)  writing down product goals regularly
B)  never sleeping over five hours at a time
C)  networking across functions and organizations
D)  motivating the team to work longer hoursE) All of the above
F) B) and D)

Question 5

According to researchers from Drexel University and Rutgers University as presented in the Journal of Management,in industries that rely heavily on intellectual capital,such as technology,life sciences,or the arts,the loss of talented employees may have an unexpected benefit for the organization.While turnover of star scientists did disrupt innovation related to existing lines of research in the companies,it also increased the rate of innovation in previously unexplored areas.Companies adapt to the loss of talent by exploring products,brands,and methods they may not have otherwise considered.Which of the following statements is not a key takeaway from this research?

Accepted Answer

A)  The loss of talented employees disrupts innovation related to established products.
B)  The loss of talented employees allows fresh perspectives and ideas to emerge.
C)  Companies adapt to star turnover by innovating in formerly unexplored areas.
D)  Employee turnover broadly hurts an organization.E) None of the above
F) A) and B)

Question 6

One of the following is not a question that should be answered when evaluating the performance of corporate venturing efforts.Which is it?

Accepted Answer

A)  Is the venture attracting external venture funding?
B)  Is the venture considered to be a market success?
C)  Does the venture add to the worth of the firm internally?
D)  Does the value proposition offered by the venture insulate it from competitive attack?E) All of the above
F) None of the above

Question 7

What do Taco Bell,Mondelez,General Electric,Tyco,and MasterCard have in common as they work to be innovative?

Accepted Answer

A)  They outsource the innovation process.
B)  They tend to be very conservative in their innovative efforts.
C)  They do not worry about being on the cutting edge of the market.
D)  They use NVGs and business incubators to focus innovation activities.E) C) and D)
F) All of the above

Question 8

What is the difference between product innovation and process innovation? How is each used?

Accepted Answer

Product innovation refers to efforts to ...

Question 9

Whereas ________ are willing to violate procedures and operate outside normal channels,________ gather hard data and develop a strong case for why a project should be killed.

Accepted Answer

A)  senior managers;entrepreneurial leaders
B)  strategic managers;financial managers
C)  exit champions;product champions
D)  product champions;exit championsE) B) and C)
F) C) and D)

Question 10

The Kraft Heinz Company makes MiO Drops.This is an example of a high-tech source of innovation.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following do corporate business incubators typically not provide?

Accepted Answer

A)  physical space
B)  mentoring
C)  funding
D)  student internsE) A) and B)
F) C) and D)

Question 12

What is real options analysis (ROA)as it applies to entrepreneurship and when is it appropriate to be used in this context?

Accepted Answer

Real options analysis (ROA)is an investm...

Question 13

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 pipelineE) A) and B)
F) C) and D)

Question 14

After witnessing the emergence of eBay and Amazon,Marc Benioff questioned why computer software was still sold in boxes rather than leased with a subscription and downloaded through the Internet.This was the genesis of Salesforce.com,a firm with over 6.7 billion USD in sales in 2016.This is an example of which innovator DNA trait?

Accepted Answer

A)  experimenting
B)  associating
C)  questioning
D)  networkingE) B) and D)
F) B) and C)

Question 15

Real options analysis (ROA) is an investment analysis tool from the field of finance.When applied to entrepreneurship,it suggests a path that companies can use to manage the ________ associated with launching ________ ventures.

Accepted Answer

A)  certainty;large
B)  risk;stable
C)  uncertainty;new
D)  interests;newE) C) and D)
F) B) and D)

Question 16

Which of the following is not part of a culture of entrepreneurship?

Accepted Answer

A)  The search for venture opportunities permeates every part of the organization.
B)  Every value chain activity is viewed as a source of entrepreneurial value creation.
C)  Employees at every level are attuned to opportunities to help create new businesses.
D)  A select staff are assigned to be attuned to new opportunities to create business.E) A) and B)
F) C) and D)

Question 17

Two common forms of a focused approach to corporate entrepreneurship include ________ and ________.

Accepted Answer

A)  internal collaboration;internal venturing
B)  social capital;collaboration capital
C)  business incubators;new venture groups
D)  focus groups;business incubatorsE) A) and B)
F) None of the above

Question 18

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 another.E) B) and C)
F) None of the above

Question 19

From watching his wife struggle to keep track of the family finances,Intuit founder Scott Cook identified the need for easy-to-use financial software that provided a single place for managing bills,bank accounts,and investments.This is an example of which innovator DNA trait?

Accepted Answer

A)  experimenting
B)  associating
C)  observing
D)  networkingE) B) and D)
F) None of the above

Question 20

First movers in an industry often capture above-average profits but usually find it difficult to maintain early market share gains.

Accepted Answer

A) True 
 B)False

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

First movers in an industry often capture above-average profits but usually find it difficult to maintain early market share gains.

Correct Answer
verified

Real options analysis (ROA) is an investment analysis tool from the field of finance.When applied to entrepreneurship,it suggests a path that companies can use to manage the associated with launching ventures.

Correct Answer
verified

produce fundamental changes that can transform a company or even revolutionize an industry,while enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

Correct Answer
verified

One of the following is not a question that should be answered when evaluating the performance of corporate venturing efforts.Which is it?

Correct Answer
verified

Correct Answer
verified

From watching his wife struggle to keep track of the family finances,Intuit founder Scott Cook identified the need for easy-to-use financial software that provided a single place for managing bills,bank accounts,and investments.This is an example of which innovator DNA trait?

Correct Answer
verified

Which of the following do corporate business incubators typically not provide?

Correct Answer
verified

Which of the following is not part of a culture of entrepreneurship?

Correct Answer
verified

Correct Answer
verified

The Kraft Heinz Company makes MiO Drops.This is an example of a high-tech source of innovation.

Correct Answer
verified

Two common forms of a focused approach to corporate entrepreneurship include and .

Correct Answer
verified

Whereas are willing to violate procedures and operate outside normal channels, gather hard data and develop a strong case for why a project should be killed.

Correct Answer
verified

What is real options analysis (ROA)as it applies to entrepreneurship and when is it appropriate to be used in this context?

Correct Answer
verified
Real options analysis (ROA)is an investm...
View Answer

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

Correct Answer
verified

Exit champions are often reluctant to gather hard data about a venture because it might kill the project.

Correct Answer
verified

Walmart has an aggressive pricing structure that has forced smaller,local retailers out of business in many markets.Local cities responded with regulations that make it difficult for Walmart to move into or expand operations in these areas.This is an example of

Correct Answer
verified

What is the difference between product innovation and process innovation? How is each used?

Correct Answer
verified
Product innovation refers to efforts to ...
View Answer

Which habit is most directly related to the innovative process that managers should acquire as they start to build the innovative DNA needed to be more successful innovators in the future?

Correct Answer
verified

The innovation dilemma known as "seeds versus weeds" refers to

Correct Answer
verified

What do Taco Bell,Mondelez,General Electric,Tyco,and MasterCard have in common as they work to be innovative?

Correct Answer
verified

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

First movers in an industry often capture above-average profits but usually find it difficult to maintain early market share gains.

Correct AnswerverifiedShow Answer

Real options analysis (ROA) is an investment analysis tool from the field of finance.When applied to entrepreneurship,it suggests a path that companies can use to manage the ________ associated with launching ________ ventures.

Correct AnswerverifiedShow Answer

________ produce fundamental changes that can transform a company or even revolutionize an industry,while ________ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

Correct AnswerverifiedShow Answer

One of the following is not a question that should be answered when evaluating the performance of corporate venturing efforts.Which is it?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

From watching his wife struggle to keep track of the family finances,Intuit founder Scott Cook identified the need for easy-to-use financial software that provided a single place for managing bills,bank accounts,and investments.This is an example of which innovator DNA trait?

Correct AnswerverifiedShow Answer

Which of the following do corporate business incubators typically not provide?

Correct AnswerverifiedShow Answer

Which of the following is not part of a culture of entrepreneurship?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The Kraft Heinz Company makes MiO Drops.This is an example of a high-tech source of innovation.

Correct AnswerverifiedShow Answer

Two common forms of a focused approach to corporate entrepreneurship include ________ and ________.

Correct AnswerverifiedShow Answer

Whereas ________ are willing to violate procedures and operate outside normal channels,________ gather hard data and develop a strong case for why a project should be killed.

Correct AnswerverifiedShow Answer

What is real options analysis (ROA)as it applies to entrepreneurship and when is it appropriate to be used in this context?

Correct AnswerverifiedReal options analysis (ROA)is an investm...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Exit champions are often reluctant to gather hard data about a venture because it might kill the project.

Correct AnswerverifiedShow Answer

Walmart has an aggressive pricing structure that has forced smaller,local retailers out of business in many markets.Local cities responded with regulations that make it difficult for Walmart to move into or expand operations in these areas.This is an example of

Correct AnswerverifiedShow Answer

What is the difference between product innovation and process innovation? How is each used?

Correct AnswerverifiedProduct innovation refers to efforts to ...View AnswerShow Answer

Which habit is most directly related to the innovative process that managers should acquire as they start to build the innovative DNA needed to be more successful innovators in the future?

Correct AnswerverifiedShow Answer

The innovation dilemma known as "seeds versus weeds" refers to

Correct AnswerverifiedShow Answer

What do Taco Bell,Mondelez,General Electric,Tyco,and MasterCard have in common as they work to be innovative?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Real options analysis (ROA) is an investment analysis tool from the field of finance.When applied to entrepreneurship,it suggests a path that companies can use to manage the associated with launching ventures.

Correct Answer
verified

produce fundamental changes that can transform a company or even revolutionize an industry,while enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Two common forms of a focused approach to corporate entrepreneurship include and .

Correct Answer
verified

Whereas are willing to violate procedures and operate outside normal channels, gather hard data and develop a strong case for why a project should be killed.

Correct Answer
verified

Correct Answer
verified
Real options analysis (ROA)is an investm...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Product innovation refers to efforts to ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified