CH 3 HW

Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time.

true

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Allow bootlegging of ideas.

true

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage brainstorming.

true

The second step in planning a strategy of entrepreneurship for the enterprise is

developing and encouraging innovation.

Collective entrepreneurship, as a concept, refers to

entrepreneurial thinking that is diffused throughout the company

Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally.

false

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Develop a well-defined hierarchical structure, and stick to it.

false

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Discourage joint projects and ventures among different departments.

false

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage structured activity.

false

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Fire those who make mistakes as a way of creating a good example for others.

false

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Set implicit goals.

false

Skunk works are project groups that work within the traditional lines of authority.

false

Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation.

false

Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets?

incremental innovation

In restructuring corporate thinking, top management should

promote entrepreneurship through experimentation

Which of the following is an obstacle to corporate entrepreneurship?

traditional management techniques

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage a bias for action.

true

The first step in planning a strategy of entrepreneurship for enterprise is

sharing the vision of innovation.

Which of the following helps account for the rise of interest in corporate entrepreneurship?

An increase in corporations losing some of their best people.

The major thrust of corporate entrepreneurship is to

encourage innovation.

All of the following are reasons for the growth of corporate entrepreneurship except: a. a rapidly growing number of new and sophisticated competitors. b. a sense of distrust in the traditional methods of corporate management. c. a desire to dramatically increase profitability. d. an exodus of some of the best people out of corporations.

c. a desire to dramatically increase profitability.

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Make extensive use of formal meetings.

false

The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea.

false

In the model of sustained corporate entrepreneurship discussed in the text, a transformational trigger can be internal or external to the company.

true

Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Provide feedback on performance.

true

One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel.

true

Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior.

true

The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve.

true

Groups that function outside traditional lines of authority permitting rapid turnaround of new ideas as well as instilling a high level of group loyalty are called:

skunk work

Transformational triggers in a corporate entrepreneurial environment initiates the need for

strategically adapting to change

Secretly working on new ideas on company time as well as on personal time is referred to as

bootlegging

Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques.

true

Which of the following would not be considered as encouraging to an entrepreneurial environment?

uniform compensation

Which of the following terms refers the inaugural breakthroughs launched from experimentation and determined vision?

radical innovation

Which of the following are specific factors identified by researchers, that organizations can concentrate on in structuring an entrepreneurial climate.

top management support, time, resources, rewards, and organizational boundaries