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?