entr 321 chap 1-8

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which of the following is a characteristic of creative people

bright but not necessarily brilliant

entrepreneurs always

generate ideas and plan for their implementation

generally, entrepreneurial stress is due to

the discrepancy between the entrepreneurs expectations and the ability to meet demands

which of the following does not apply to the strategic formulation school of thought

unique places

water well strategies refer to

unique resources

entrepreneurs sense potential in business problems by asking

what if and why not

which of the following questions concerning innovation is NOT relevant

when should the product goes to market

which of the following economists wrote about entrepreneurship and its impact on economic development?

Joseph Schumpeter

which economist first associated the 'risk bearing' activity in the economy with the entrepreneur

Richard Cantillon

which is not a precipitating event that Zahara identifies as motivating the decision to act entrepreneurially

a big increase in earnings

what of the following statements best describes a "gazelle"

a business with at least 20% growth every year

entrepreneurial persistence is related to

avoiding counter influences to entrepreneurship

the four phases in the creative process in order are

background or knowledge accumulation, incubation, idea experience, and evaluation/ implementation

the dynamic states model depicts ventures as

being dependent on their environment for survival

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

bootlegging

which of the following statements is TRUE (brain)

both sides of the brain are important to the creative process

in 2011, the largest US trading partners included

canada, china, and Mexico

areas of risk to the entrepreneur include

career, family, psychic

entrepreneurs with a drive to achieve want to

compete

the first 5 steps for entering the international marketplace is

conducting research

intrapreneurship is also referred to as

corporate entrepreneurship

3m's post-it notes are an example of the

corridor principle

which of the following statements are NOT true (creative)

creative ideas never come out of the blue

one could correlate __ with a high energy level

creativity

which of the following is considered a myth of innovation

creativity relies on blue sky ideas

in the evolutionary process of economic growth, ____ plays the crucial and indispensable role of providing the "social glue: that binds together both high-tech and "Main Street" activates

entrepreneurship

the macro view can be broken down into which 3 areas

financial/capital, strategic, and opportunity

methods for going international include all of the following except

foreign reclamation

___ is the economic basis for all entrepreneurial activity

free enterprise

which of the following concepts is entrepreneurship considered synonymous with

free enterprise

which of the following is not a way to combat stress

ignoring coping mechanisms

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

incremental innovation

shifts in consumer tastes and attitudes are an example of

industry and market changes

entrepreneurial traits include which of the following?

initiative

which of the following are keys to understanding opportunity and its development for entrepreneurs?

innovation and creativity

which of the following statements is TRUE (function of entrepreneur)

innovation is the specific function of entrepreneurship

internal venture capital that is set aside for special entrepreneurial projects is termed

intracapital

which of the following is not an example of recognizing relationships in creativity

introducing Sierra Mist to the market to compete with sprite

what are the 4 types of innovation

invention, extension, synthesis, duplication

which of the following is not considered a principle of innovation

invest in securities

Michael Gerber, the author of the E-Myth, explains that the failure of most small businesses is

owners being more technical rather than entrepreneurial

entrepreneurs now view social/environmental issues as

part of the future of business

NAFTA offers strong protection for

patents but not copyrights

which of the following statements is true (people)

people can learn to be creative

which of the following statements is true with regards to creativity

peoples process will remain the same, but their approach will change

every person has the __ and ___ to pursue a career as an entrepreneur

potential; free choice

TBL focuses on all the following expect

precedence

which of the following is not one of the phases in the creative process

preliminary investigation

rewards should be based upon ___ to encourage the desired behavior

results

which of the following is an advantage to developing an entrepreneurial environment

retention and motivation of the best employees

a person can develop their own creativity by

seeing new and different relationships in people, objects, and places around them

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

sharing the vision of innovation

transformational triggers in a corporate entrepreneurial environment imitates the need for

strategically adapting to change

in the Monroy-Folger model of risk typology, profit-seeking activity is associated with:

strong desire to maximize profit

which of the following is not a source of stress

success in business (source: immersion, people problems, family requirements)

which of the following statements is true? (innovations)

successful innovators are clear and focused

examples of social enterprise obligations to the environment include all of the following expect

support for minority-own businesses

the combination of existing concepts and factors into a new formulation would define which of the following terms

synthesis

the entrepreneurial ego can cause the entrepreneur to

take characteristics that usually lead to success to the extreme

which of the following can help speed up the idea process

taking breaks while working

one reason why corporate entrepreneurship has done so well is that it allows organizations to

tap the innovative talents of their people

in attempting to create an entrepreneurial climate, the organization should consider that

the corporations that promote personal growth will attract the best people

successful entrepreneurs are able to identify and implement

those ideas that are workable and that they have the skills to implement

the word entrepreneur is derived from the French 'entreprendre', which is translated as

to compete

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

as NAFTA has developed

trade barriers have been reduced

which of the following are sources of innovation

unexpected occurrences and incongruities

innovative factors identified by James brain quinn that exist in large organizations experienced in successful innovation include all of the following expect

uniform compensation

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

uniform compensation

mountain gap strategies refer to

unique markets

security hunting means

using probability and stereotypes to minimize risk

the displacement school of thought can be divided into 3 groups?

venture opportunity theory, entrepreneurial, strategic

corporate entrepreneurial strategy should be thought of as

vision directed

in attempting to create an entrepreneurial strategy should be thought of as

vision directed

gazelles have been responsible for:

55% of innovations

during the past 10 years, there were approximately how many business incorporations per year

600,000

membership in the World Trade Organization represents ___ of the worlds population at present

92%

most innovations result from

a conscious and purposeful search for new opportunities

emerging opportunities in the international arena are being fueled by

a decrease in trade barriers and the emergence of trading blocs

all of the following are reasons for the growth of corporate entrepreneurship except

a desire to dramatically increase profitability

all of the following are reasons for the growth of corporate entrepreneurship expect

a desire to dramatically increase profitability

the 'dark side' of entrepreneurship refers to

a destructive force within the energetic drive of entrepreneurs

throughout the years, many myths have arisen about entrepreneurship as a result of?

a lack of research about entrepreneurship

in an innovative climate, failure is viewed as

a learning experience

which of the following is an aspect of the dark side of entrepreneurship

a need for control and a sense of distrust

in many ways, an I-team is

a small business operating within a large business

entrepreneurial characteristics include

a strong drive to succeed

which of the following terms would be associated with the left hemisphere of thee brain

abstract

corporate social responsibility refers to

actions that further some social good beyond the interests of the firm

which of the following is not a type of innovation

adaptation

which of the following are causes of industry and market changes

advancements in technology

entrepreneurs are best characterized as:

aggressive catalysts for change

which of the following helps account for the rise of interest in corporate entrepreneurship

an increase in corporations losing some of their best people

employee perception of ___ is critical for the success of corporate entrepreneurship

an innovative environment

entrepreneurs

are driven by intense commitment and perseverance

what kind of thinking can lead to unethical behavior in a business context

bottom line

developing corporate entrepreneurial managers involves teaching them to

break out of the box

in the ___ sense, ethics provides the basic rules or parameters for conducting any activity in an 'acceptable manner'

broadest

looking for different or unorthodox relationships among elements and people is one way to develop creativity. how might a person develop this capacity

by perceiving in a relational mode

entrepreneurs themselves perceive the concept of risk in which of the following:

calculated risk taking

the person who has the opportunity to lead and run with an idea would be coined which of the following

champion

A ___ is a statement of ethical practices or guidelines to which an enterprise adheres

code of ethics

characteristics often attributed to the entrepreneur include

commitment, determination, and perseverance

which of the following is not a strategy for corporate entrepreneuring

decrease the use of third-party contracts

recruitment centers for older people reflect which source of innovation

demographic changes

which is not one of the chief characteristics of an entrepreneur

desire for control of people (personal initiative, ability to consolidate resources, risk taking)

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

developing and encouraging innovation

which of the following mental habits inhibit creativity and innovation

either or thinking, stereotyping

key elements in plans to create a sustainable future are likely to include which of the following

eliminating the concept of waste

which of the following will help to foster an innovative climate

encourage action rom employees

the major thrust of corporate entrepreneurship is to

encourage innovation

when outcomes meet or exceed expectations, __ is positively reinforced

entrepreneurial behavior

collective entrepreneurship, as a concept, refers to

entrepreneurial thinking that is diffused throughout the company

which of the following statements is false?

entrepreneurs are born with the skills necessary to manage a business

what is a true statement about entrepreneurs

entrepreneurs are doers and thinkers

which statement is not true (entrepreneur market)

entrepreneurs fare poorly in today's hyper-competitive market

one trait not common in entrepreneurs is

entrepreneurs need structure (are: problem solvers, creative/innovative, independent)

which of the following traits is not a common myth about entrepreneurs

entrepreneurs today are considered heroes

which of the following is not associated with an entrepreneur seeking feedback

entrepreneurs want to belittle their competition

in the study of contemporary entrepreneurship, one concept reoccurs:

entrepreneurship is interdisciplinary

which of the following statements is true (entrepreneurship)

entrepreneurship is the ability to create and build a vision from practically nothing

process needs

exist when and entrepreneur can meet a new source of demand

ray Kroc's development of McDonalds would be good illustration of which form of innovation

extension

the Marco view of entrepreneurship presents factors exhibiting a strong

external locus of control

with psychic risk you fear

failure

one factor not found in high achievers is

failure to listen to feedback

__ people thoroughly understand the concept of corporate entrepreneurship

few

____ people thoroughly understand the concept of corporate entrepreneurship

few

entrepreneurship has become synonymous or closely linked with:

free enterprise and capitalism

which of the following is not a trait of successful entrepreneurs?

frustration (initiative, perseverance, strategic thinking)

one step an organization can take to make its corporate environment more innovative is to

gain top management support of an entrepreneuring program

bottom-line measures of economic performance include all the following expect

global competition

in starting or buying a new business, the higher the rewards

greater the risk

which of the following is not a question in the corporate entrepreneurial planning process

has the firm met government regulations for innovation?

entrepreneurial stress can be caused by having a type A personality which can be defined as

having a chronic sense of time urgency

key features in the success of any innovative program include all of the following expect

high profitability

the phase of the creative process when the idea or solution the individual is seeking is discovered is the

idea experience

a gap or difference between expectations and reality defines

incongruities

overnight package delivery is illustrative of which source of innovation

incongruities

which of the following can help entrepreneurs carry out the evaluation and implementation stage

increasing energy level

most entrepreneurs should be categorized as

innovators

which of the following statements is true? (good innovators)

innovators rarely work in more than one field

corporate entrepreneurial activity takes place ___ the firm

inside

the study of entrepreneurship is

interdisciplinary

if an entrepreneur believes in himself/herself and that their accomplishments and setbacks are within their own control, they possess a

internal locus of control

when entrepreneurs believe that their accomplishments and setbacks are within their own control and influence, they are exhibiting

internal locus of control

team building

involves including qualified people in the venture

people practice the creative search for background knowledge in which of the following ways:

join professional groups and organizations attend seminars or professional meetings

sustaining corporate entrepreneurship requires

keeping the corporate vision strong

which of the following is not characteristic of the 'dark side' of entrepreneurship

knowing when to take a vacation

which of the following is not a common characteristics of entrepreneurs ?

lack of motivational drive

bureaucrats in an organization must

learn to give way to intrepreneurs

logical and analytical skills are developed in the

left hemisphere of the brain

a decision to sell pharmaceuticals that have not been cleared with the federal drug administration is an example of an

legal and unethical decisions

the incubation process involves which of the following

letting the subconscious work

relying on abstractions can

limit ones perception of reality

which of the following terms would not be associated with the right hemisphere of the brain

linear

when referring to 'luck' and an entrepreneur, which of the following statements is an appropriate adage

luck happens when preparation meets opportunity

which of the following characteristics is most important to an entrepreneur

management skills

which of the following is false?

management skills are not important characteristics for entrepreneurs to possess

in order to develop an entrepreneurial environment, factors that organizations need to be aware of include

management support and rewards AND autonomy and time

the entrepreneur is one who

manages

the greek word ethos means

mode of conduct

the process approach to entrepreneurship seeks to

model the various factors that characterize the entrepreneurial process

authoritarian management is being replaced by

networking

stress can be dealt with by

networking and delegating

one way to develop a creative mind is to

observe other entrepreneurs

ecopreneurs are concerned

only with economically sustainable development

a potential entrepreneur needs to realize that

principles of innovation can be learned

the two most important aspects of creativity are

process and people

people with muddling mind sets exhibit all of the following habits expect

process thinking

in restructuring corporate thinking, top manager should

promote entrepreneurship though experimentation

in restructuring corporate thinking, top management should

promote entrepreneurship through experimentation

which of the following may be the greatest risk to the well-being of the entrepreneur

psychic risk

in the following the rules for innovation, a manager should do all of the following expect

punish failure

all the the following are important characteristics for establishing an intrapreneurially climate expect

punishment of mistakes

benefit corporations concern themselves with

purpose, accountability, and transparency

which of the following is not a form of displacement in the displacement school of thought

racial

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

radical innovation

typically, when faced with setbacks or failure, entrepreneurs

remain optimistic and view it as a learning experience

success of the corporate entrepreneurship plan depends on

resources provided by the firm

all of the following are characteristics of a creative climate expect

restricted communication with outsiders

which of the traits is not that of an entrepreneur?

shyness (drive, willingness to take risks, human relations skills)

most successful innovations are

simple and focused

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 works

if we accept the argument the social entrepreneurship is a continuum, at one extreme would be social entrepreneurs driven exclusively by producing social benefits; at the other, would be

social entrepreneurs motivated by profitability with social benefits being the means

which of the following statements about social entrepreneurship is NOT true

social entrepreneurship is limited to the world of not-for-profit corporations

which of the following designations is not synonymous with social entrepreneur

social impersonator

one researcher established framework that classified social actions corporations into distinct categories that include:

social obligation and social responsibility

the most pro-active position for a corporation to take in regard to social responsibility would be termed

social responsiveness

the basic challenge for social enterprise is addressing the obligations of business to

society

the statement, 'with every new venture launched, new and unintended opportunities often arise',..

the corridor principle

in terms of opportunity trends, what is cocooning

the desire to shelter oneself from harsh realities

Robert C. Ronstadt put together a summary definition of entrepreneur that included which of the following key phrases?

the dynamic process of creating incremental wealth

which of the following is a true statement about team building?

the entrepreneur needs a competent team to implement an idea

during the 1990s, which new issue emerged as affecting entrepreneurs and ethics

the environment

the idea experience phase of creativity is also referred to as

the eureka factors

the decision to behave entrepreneurially is the result of the interaction of

the individual's personnel entrepreneurial mind-set and an opportunity

which of the following schools of thought is not a micro view school of thought

the inherited business school of thought

entrepreneurs will always be

the major source of job creation and innovation in any economy

which of the following was one of the factors Drucker mentions to explain the development of the entrepreneurial economy

the rapid evolution of technology and knowledge

which of the following statements is true (right vs left brain)

the right brain helps people understand analogies and imagine things

entrepreneurship within the corporate structure allows employees to develop their ideas without

the risk associated with leaving the company

among the advantages for global entrepreneurs of diaspora networks is

the speed with which information flows across borders

an account framework that goes beyond the traditional measure of profit, return on investment, and shareholder value to include environmental and social dimensions is called

the triple bottom line

a clear pattern among successful entrepreneurs is

their focus on opportunity rather than resources

which of the following is a false statement about entrepreneurs ?

they do not failure as a tool for learning

with persistent problem solving, entrepreneurs

think anything is possible

which of following is an obstacle to corporate entrepreneurship

traditional management techinques

which of the following is an obstacle to corporate entrepreneurship

traditional management techniques

the adverse impact of ____ can be destructive that individuals within the enterprise will tend to avoid entrepreneurial behavior

traditional management techniques `

which is not a trait of a successful entrepreneur

trouble fitting in (desire to achieve, initiative, innovation)

creativity is most likely to occur when the climate is right. what is the characteristic of that climate in the workplace

trustful management that does not exert strict control over employees

security hunting is

trying to make the right decision or take the correct action

entrepreneurs and gazelles have been credited with making disproportionate contributions to all BUT WHICH

unemployment (innovation, job creation, economic renewal)

for entrepreneurs , vision describes

where the entrepreneur wants to go

the 'corridor principle' is best described by which of the following statements

with every new venture launched, new and unintended opportunities arise

it takes ___ to innovate successfully

work, not genius

in the incubation process, ways of getting away from a problem include

working on something else


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