Chapter 2 Corporate Entreprenuership

With regard to the differences between the entrepreneurial and administrative focuses which of the following is correct?

Entrepreneurs rent or sporadically use resources; managers like to own resources

Which of the following would not occur in the second stage of establishing corporate entrepreneurship in an organization?

Identify an evaluation system for involved employees.

Which of the following is true?

Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly.

New product development falls under which of the four major components of corporate entrepreneurship?

Innovativeness

Which of the following statements is not true of the loss orientation approach to negative emotions?

Loss orientation is based on both avoidance and proactiveness.

________ includes initiative and risk taking, as well as competitive aggressiveness and boldness.

Proactiveness

Which of the following is a practical implication of using the dual process of learning from failure?

Recovery from loss offers an opportunity to increase one's knowledge of entrepreneurship.

________ includes a redefinition of the business concept, reorganization, and the introduction of system-wide changes to increase innovation.

Self-renewal

Which of the following statements is not true of the restoration orientation approach to negative emotions?

The restoration orientation approach requires oscillating between two alternate approaches to loss.

When would an entrepreneur be pronounced to have recovered from the grief of a lost business?

When thoughts about the events surrounding, and leading up to the loss of the business, no longer generate a negative emotional response

A sufficient time for top management to be committed to corporate entrepreneurship is:

at least three years.

When establishing corporate entrepreneurship in an organization rewards should:

be tied to the performance of the entrepreneurial unit created from the idea

Corporate entrepreneurship is best described as:

entrepreneurial action within an established organization.

Entrepreneurial activities that create something new of value either by redefining the company's current products or services, developing new markets, or forming more formally autonomous or semiautonomous units or firms best defines:

new business venturing.

The first step in establishing corporate entrepreneurship in an organization is:

securing commitment from top management

Having an entrepreneurial orientation toward the control of resources means:

that one focuses on accessing others' resources.

Entrepreneurial culture and growth orientation consists of all of the following except:

the desire to grow at a slow and controlled pace.

All these are characteristics of an entrepreneurial environment except:

there are short term horizons.

Which of the following is true about corporate entrepreneurship?

A company must be willing to invest money without a guarantee of a return in the short term

Which of the following is most effective in grief-recovery?

Dual process

Which of the following is not a leadership characteristic of a corporate entrepreneur according to the text?

Encourages colleagues to follow hierarchy