Social Entrepreneurship Ch. 1-4
False
A "gazelle" is a business establishment with at least 5 percent sales growth every year for 25 years
False
Firms do not need to alter management techniques to encourage corporate entrepreneurship because it tends to occur naturally
High profitability
Key features in the success of any innovative program include all of the following except -Accountability -Confidence -High Profitability -Trust
True
One advantage of developing a corporate entrepreneurial philosophy is that it will help the corporation keep its best people
True
Some of the most common entrepreneurial goals are independence, wealth, and work satisfaction
Resources provided by the firm
Success of the corporate entrepreneurship plan depends on ____
False
The "dark side" of entrepreneurship refers to the stress that entrepreneur's experience
Encourage innovation
The Major trust of corporate entrepreneurship is to
Conducting research
The first of five steps for entering the international marketplace is
Bottom Line
Which of the following kinds of thinking can lead to unethical behavior in a business context? -Critical -Bottom Line -Abstract -Top line
Conduct
A code of _____ is a statement of ethical practices or guidelines to which an enterprise adheres
False
For-Profit enterprises have yet to make significant contributions to the world of social entrepreneurship
Conservation
Key elements in plans to create a sustainable future are likely to include eliminating the concept of _____
True
Licensing agreements can involve patents, trademarks, and technical know-how
Precendence
The triple bottom line focuses on all of the following except -People -The Planet -Precedence -Profits
Operating with a low sense of accountability
Which of the following activities does not characterize the social entrepreneur? -Adoption of a mission -Recognition and relentless pursuit of opportunities -Operating with a low sense of accountability -Engagement in continuous innovation and learning
Overbearing need for control
Which of the following characteristics that propel entrepreneurs into success can be exhibited to the "extreme" -High energy -Overbearing need for control -Optimism -Desire for success
Ignoring coping mechanisms
Which of the following is not a way to combat stress? -Taking a few days off -Ignoring coping mechanisms -Probing personal unacknowledged needs -Acknowledging its existence
They do not use failure as a tool of learning
Which of the following statements about entrepreneurs is false? -They burn with the competitive desire to excel -They see the cup half full rather than half empty -They do not use failure as a tool for learning -They are achievers
Entrepreneurs are doers and thinkers
Which of the following statements about entrepreneurs is true? -Calculated risk taking -Social Risk -Distorted risk taking -Gambling risk
Social entrepreneurship is limited to the world of not-for-profit corporations
Which of the following statements about social entrepreneurship is not true? -Social entrepreneurship adopts some of the same principles that have been effective in successful entrepreneurship -Social entrepreneurship is about having a heightened sense of accountability -Social Entrepreneurship is limited to the world of not-for-profit corporations -Social entrepreneurship has, in recent years, been the subject of widespread media attention
True
One way that social entrepreneurship seeks to enhance social wealth is by creating new ventures
False
The terms entrepreneur and small business owner are never used interchangably
False
According to the research, the entrepreneur's expectations are not compared with the actual or perceived outcomes of the firm
False
Benefit corporations are one of the oldest forms of incorporation, having been adopted in all 50 states
Foreign Reclamation
All of the following are methods for going international except -Importing -Foreign reclamation -Licensing -International alliances
True
An innovative team, or I-Team is made up of two or more people who formally create and share ownership of a new organization
False
Importing, in essence, is buying and shipping domestically produced good for foreign consumption
Punish failure
In following the rules for innovation, a manager should do all of the following except -Use formal meetings whenever possible -Encourage action -Reward performance -Punish failure
Imposed time constraints
In order to develop an entrepreneurial environment, factors that organizations need to be aware of include all of the following except -Autonomy -Imposed time constraints -Rewards -Management support
True
The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve
frustration
Which of the following is not a trait of successful entrepreneurs? -Initiative -Frustration -Perseverance -Strategic thinking
False
Corporate entrepreneurs should be restricted to the resources of their own divisions of the corporation
False
Organizational boundaries allow people to focus on new ideas
Punishment of mistakes
All of the following are important characteristics for establishing an intrapreneurial climate except -Punishment of mistakes -Postitive Reinforcement -Feedback -The presence of explicit goals
Purpose, accountability, and transparency
Benefit corporations concern themselves with ____
Actions that further some social good beyond the interest of the firm
Corporate social responsibility refers to
Desire to dramatically increase profitablility
All of the following are reasons for the growth of corporate entrepreneurship except -Exodus of some of the best people out of corporations -Rapidly growing number of new and sophisticated competitors -Desire to dramatically increase profitibility -Sense of distrust in the traditional methods of corporate managment
Initiative
Entrepreneurial traits include which of the following?
aggressive catalysts for change
Entrepreneurs are best characterized as
False
Entrepreneurs are not extreme risk takers
True
Entrepreneurs are the major source of innovation and job creation in the economy
A learning experience
In an innovative climate, failure is viewed as _____
True
Purpose, accountability, and transparency are characteristics associated with socially sustainable enterprises
Results
Rewards should be based upon ____ to encourage the desired behavior
False
Social Entrepreneurship is rarely a vehicle for sustainable development
Management Skills
Which of the following characteristics is most important to an entrepreneur? -Salesmanship -Wealth -Initiative -Edginess
Global Competition
Bottom-line measures of economic performance include all of the following except
False
Entrepreneurs need not be concerned with establishing strategy for ethical responsibility because they are guided by what established firms do
Calculated risk taking
Entrepreneurs themselves perceive the concept of risk in which of the following ways?