ENT 396 CH.3
T/F: Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques
True
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Allow bootlegging of ideas.
True
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage a bias for action.
True
The second step in planning a strategy of entrepreneurship for the enterprise is a. sharing the vision of innovation. b. developing and encouraging innovation. c. applying the exact tools of the entrepreneur. d. identifying specific objectives.
developing and encouraging innovation
Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets? a. radical innovation b. collective entrepreneurship c. incremental innovation d. strategic management
incremental innovation
Which of the following are specific factors identified by researchers, that organizations can concentrate on in structuring an entrepreneurial climate a. radical innovation, incremental innovation, and vision b. skunk works, multiple approaches, and vision c. top management support, time, resources, rewards, and organizational boundaries d. rewards, resources, innovation, and vision
top management support, time, resources, rewards, and organizational boundaries
Which of the following is an obstacle to corporate entrepreneurship? a. traditional management techniques b. rewards based upon results c. orientation to the market d. a system of feedback and positive reinforcement
traditional management techniques
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Discourage joint projects and ventures among different departments.
False
T/F: Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior
True
In restructuring corporate thinking, top management should a. identify potential entrepreneurs after an innovation program is in operation. b. make the entrepreneur follow strict corporate guidelines. c. promote entrepreneurship through experimentation. d. create diversity and order in strategic activities.
promote entrepreneurship through experimentation
The first step in planning a strategy of entrepreneurship for enterprise is a. sharing the vision of innovation. b. identifying specific objectives. c. developing radical innovation. d. applying the exact tools of the entrepreneur.
sharing the vision of innovation
Which of the following would not be considered as encouraging to an entrepreneurial environment? a. top management sponsorship of entrepreneurship b. uniform compensation c. promotion of entrepreneurship through experimentation d. identifying potential entrepreneurs
uniform compensation
T/F: Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation
False
T/F: Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time
True
T/F: In the model of sustained corporate entrepreneurship discussed in the text, a transformational trigger can be internal or external to the company
True
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage brainstorming.
True
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Provide feedback on performance.
True
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage structured activity.
False
Which of the following helps account for the rise of interest in corporate entrepreneurship? a. An increase government regulation of small entrepreneurs. b. A decrease in the number of sophisticated competitors. c. A general increase in the number of competitors. d. An increase in corporations losing some of their best people.
An increase in corporations losing some of their best people
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Fire those who make mistakes as a way of creating a good example for others.
False
The major thrust of corporate entrepreneurship is to a. raise profitability. b. increase morale. c. encourage innovation. d. encourage greater risk taking.
encourage innovation
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: a. strategic innovators. b. multiple approaches. c. skunk works. d. champions.
skunk works
T/F: Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally
False
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False) Set implicit goals
False
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Develop a well-defined hierarchical structure, and stick to it.
False
T/F: The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executives wish to achieve
True
All of the following are reasons for the growth of corporate entrepreneurship except a. a sense of distrust in the traditional methods of corporate management. b. an exodus of some of the best people out of corporations. c. a desire to dramatically increase profitability. d. a rapidly growing number of new and sophisticated competitors.
a desire to dramatically increase profitability
Secretly working on new ideas on company time as well as on personal time is referred to as a. champion. b. bootlegging. c. interactive learning. d. skunk works.
bootlegging
Which of the following terms refers the inaugural breakthroughs launched from experimentation and determined vision? a. collective entrepreneurship b. incremental innovation c. strategic management d. radical innovation
radical innovation
Transformational triggers in a corporate entrepreneurial environment initiates the need for a. changing company location. b. laying off workers. c. achieving higher productivity standards. d. strategically adapting to change.
strategically adapting to change
T/F: Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Make extensive use of formal meetings.
False
T/F: Skunk works are project groups that work within the traditional lines of authority
False
T/F: One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel
True
Collective entrepreneurship, as a concept, refers to a. socialist enterprising. b. the collective spirit of innovation that resides in the firm's founder. c. the joint recognition of the CEO and CFO as champions of innovation. d. entrepreneurial thinking that is diffused throughout the company.
entrepreneurial thinking that is diffused throughout the company
T/F: The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea
False