entr 321 chap 1-8
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
