MGMT 4356
Which of the following is not a common myth about entrepreneurs?
. Entrepreneurs today are considered heroes.
. Which of the following will help to foster an innovative climate?
. encourage action from employees
As part of creating an innovative climate, a firm should base rewards given upon results achieved.
True
Commitment, determination, and perseverance are just a few characteristics one needs to become a successful entrepreneur.
True
Each and every person has the potential and free choice to pursue a career as an entrepreneur.
True
Entrepreneurs are aggressive catalysts for change within the marketplace.
True
Entrepreneurs are best characterized as:
aggressive catalysts for change
Key features in the success of any innovative program include all of the following except
high profitability.
A good trait for an entrepreneur is to be a calculated risk taker
: True
Which of the following helps account for the rise of interest in corporate entrepreneurship?
An increase in corporations losing some of their best people.
. Entrepreneurs are not extreme risk takers.
False
Entrepreneurs are born not made.
False
Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally
False
For-profit enterprises have yet to make significant contributions to the world of social entrepreneurship.
False
The need for corporate entrepreneurship has risen in response to one problem: rapid growth.
False
The terms entrepreneur and small-business owner are never used interchangeably.
False
_________is the economic basis for all entrepreneurial activity.
Free enterprise
What characteristic(s) that propel entrepreneurs into success can be exhibited to the "extreme"?
Overbearing need for control
Social entrepreneurship avoids private-sector focus on risk taking.
Social entrepreneurship avoids private-sector focus on risk taking.
Which of the following is a false statement about entrepreneurs?
They do not use failure as a tool for learning
Which of the following is a false statement about entrepreneurs?
They do not use failure as a tool for learning.
An entrepreneur needs neither a lot of money nor luck
True
Entrepreneurs typically have enough confidence to believe that they can make a difference in the final outcome of their ventures
True
Social entrepreneurs are known to combine resources to exploit opportunities to create social value.
True
Today's managers must foster excitement for innovation and remove obstacles for employees to engage in corporate entrepreneurship.
True
Trust from the company is one key element to successful corporate entrepreneurship
True
Which is not one of the chief characteristics of an entrepreneur?
desire for control of people
Bottom-line measures of economic performance include all of the following except:
global competition
The basic challenge for social enterprise is addressing the obligations of business to
society.
Benefit corporations concern themselves with
purpose, accountability, and transparency.
In following the rules for innovation, a manager should do all of the following except
punish failure.
