ent midterm

________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress though the entrepreneurial process

reflection tasks

ent opportunities are defined as

situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost

the casual process of thinking

starts with a desired outcome and focuses on the possible means to genrate that outcome

organizations that require a rapid return on investment and a high sales volume usually encourage and support new ideas

false

results from product inventory analysis need minimal evaluation as they most likely reflect a new business opportunity

false

reverse brainstorming is the same as brainstorming, except criticism is not allowed in reverse brainstorming

false

role models are individuals who give psychological support to the entrepreneur especially during the start-up phase

false

strategic orientation refers to the transformation of an organization through the rejuvenation of the key ideas on which it is built

false

strategic tasks stimulate the entrepreneur to compare the current situation with previous similar situations

false

sustainable entrepreneurship provides only environmental gains for others

false

the big-dream approach is a branch of brainstorming where the group is asked to dream big with no constraints

false

the drawback with problem inventory analysis is that it is not effective in relating known products to suggested problems

false

the entrepreneur should always design and build his own webpage to maintain strategic control

false

the entrepreneurial challenge often lies in making creative mental leaps based on superficial similarities

false

the files of the U.S. Patent Office are kept confidential and entrepreneurs cannot study their contents

false

the largest source of new ideas is the US Patent Office

false

three major types of innovation, in decreasing order of uniqueness: ordinary innovation, technological innovation and break-through innovation

false

traditionally managed firms commitment to opportunity is revolutionary with a long duration

false

using the big-dream approach, a new idea is developed through a list of related issues or suggestions

false

individuals have stronger intentions to act when taking action is perceived to be ______________ + desirable

feasible

corporate entrepreneurship is most strongly reflected in ent. activities as well as in top management orientation in organizations

true

creative synthesis is closely connected to the technique of parameter analysis

true

creativity tends to decrease with age, education, lack of use, and bureaucracy

true

dissatisfaction with various aspects of one's job often motivates the launching of a new adventure

true

entrepreneurially managed firm structure is usually flat with multiple informal networks

true

entrepreneurs focus on how to minimize resources needed whereas traditional firms focus on accumulating resources

true

entrepreneurs intentions are based on their perceptions of feasibility rather than someone else's impression of whether it is feasible

true

for an organization with a traditional environment, it is best to facilitate an external process to establish an entrepreneurial environment

true

for entrepreneurial actions that preserve nature to be considered sustainable entrepreneurship, they must also develop gains for the entrepreneur, others, and/or society

true

in a social network there are two major properties, density and centrality

true

in an encouraging climate for corporate entrepreneurship, rewards should be based on the attainment of established performance goals

true

in corporate entrepreneurship, trial and error are encouraged

true

in creating a culture for corporate entrepreneurship leadership is important

true

internal corporate venturing consists of creating 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

true

members of the distribution channel are usually good sources of ideas for new products

true

most entrepreneurs indicate that their most significant venture was not their first one

true

nanotechnology would be classified as a breakthrough technology

true

percieved desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes

true

previous startup experience is a good predictor of starting subsequent businesses

true

research and development can be a formal endeavor connected with current employment or an informal one in a basement or garage

true

role models can include family members as well as industry profs

true

structural similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market

true

the big-dream approach requires the entrepreneur to dream about the problem and its solution, thinking big

true

the collective notebook method involves members recording their ideas at least once a day for about a week

true

the corporate entrepreneur encourages teamwork and uses a multi-disciplined approach, which violates organizational practices and structures taught in most business schools

true

the entrepreneur's ability to recognize a business opportunity is a result of his or her knowledge and experience

true

the focus group is an excellent method for initially screening ideas and concepts

true

the payment industry includes services for lending money to products that allow anyone to accept credit cards, as well as billing and accounting services

true

the product Spanx is an example of ordinary innovation

true

the product life cycle includes introduction, growth, maturity and decline

true

the product planing and development process is divided into 5 major stages

true

the trend "The Internet of Things" refers in part to "smart" devices

true

three benifits to having a dedicated app; streamline customer experience, new methods of engaging different audience and general visibility

true

traditionally managed firms typically punish failure

true

trends often provide one of the greatest opportunities for starting a new venture

true

when a firm classifies a new product the two key factors used are market and tech newness

true

when developing an entrepreneurial culture, an organization needs o develop ways to become closer to its customers

true

when developing criteria for evaluation during the product planning and development process, the criteria should be all-inclusive and quantitative enough to screen the product carefully

true

with e-commerce, if an entrepreneur is fully outsourcing, they elect to have one or more firms handle all front-end and back-end activities and simply provide management for the operation

true

an entrepreneur considering if what they are doing makes sense is an example of

a comprehension question

when entrepreneurs make do by applying combinations of the resources at hand to new problems and opportunities, this ins known as

bricolage

questions designed to increase an entrepreneurs' understanding of the nature of the enviornment are known as

comprehension questions

with reguard to thinking structurally, superficial similarities

exist when the basic (relatively easy to observe) elements of the technology resemble the basic elements of the market

A reflection task would involve thinking about what strategies should be used to solve a problem.

false

Entrepreneurial action can be defined as times when entrepreneurs make do with resources at hand, applying those resources to new problems or opportunities.

false

In encouraging a culture for corporate entrepreneurship, using older, proven, technology is recommended in order to increase stability in the organization.

false

The casual process of thinking starts with what one has and selects among possible outcomes.

false

a dual process model of coping with negative emotions is an approach to negative emotions based on both avoidance and proactiveness toward secondary sources of stress arising from a major loss

false

an entrepreneur is rarely able to start a new business without some form of formal education

false

an online company's front-end operations involve integration of customer orders with distribution channels

false

brainwriting is another term for brainstorming; they are exactly the same except there is no leader in brainwriting

false

corporate ventures are totally independent units, hence the equity portion of the compensation is particularly difficult to handle

false

developing a new idea through a chain of word associations is known as the checklist method

false

discontinuous innovations have the least disrupting influence on establishd consumption patterns

false

entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity

false

entrepreneurs are unable to carefully access each and every innovative idea and oppportunity

false

entrepreneurs should establish a method for monitoring and evaluating competitive products/services on the market but should not worry about potential customers, instead focusing on current customers

false

focus groups consist of 15 to 25 participants in a loosely structured, freewheeling atmosphere

false

forced relationships is a method of forcing confrontations in focus groups

false

in reverse brainstorming the focus is on all the things that are right about an idea

false

it is important for an entrepreneur to understand all aspects of the environment

false

most managers in a corporation are capable of being successful corporate entrepreneurs with the correct training

false

most of the ideas generated by a brainstorming group progress into further development.

false

one study found that new ventures started within a corporation performed better than those started independently by entrepreneurs

false

Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems & opportunities

true

Developing a spirit of entrepreneurship within the existing organization, called corporate entrepreneurship, can lower resistance to flexibility, growth, and diversification.

true

Entrepreneurial opportunities are those situations in which new goods, services, raw materials, and organizing methods can be sold for financial or non-financial gain of the entrepreneur and/or other stakeholders.

true

Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone

true

Entrepreneurial thinking partly about reducing doubt as to whether an opportunity for someone is also an opportunity for the specifically, and/or processing feedback from action steps taken

true

In the checklist method, a new idea is developed through a list of related issues or suggestions.

true

Self-renewal includes the redefinition of the business concept, reorganization, and the introduction of system-wide changes to increase innovation. T/F?

true

The effectuation process starts with what one has and selects among possible outcomes

true

an entrepreneur with loss orientation would talk about the business failure with a close friend or relative

true

an organization that wants to become more entrepreneurial must learn to be more productive with fewer resources

true

asking "how is this problem similar to problems I've already solved?" is an example of a connection task

true

attribute listing is an idea-finding technique that requires the entrepreneur to list the attributes of an item or problem and then look at each from a variety of viewpoints

true

augmented reality, body monitoring, and point-of-view reference are all trend categories in the wearable tech industry

true

brainstorming is an unstructured process used for generating possible ideas about a problem within a limited time frame through the spontaneous contributions of participants

true

brainwriting is a written form of brainstorming

true

comprehension questions are designed to stimulate entrepreneurs to think about their own understanding of the nature of the environment

true