ent midterm
________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress though the entrepreneurial process
reflection tasks
ent opportunities are defined as
situations in which new goods, services, raw materials and organizing methods can be sold at greater than their production cost
the casual process of thinking
starts with a desired outcome and focuses on the possible means to genrate that outcome
organizations that require a rapid return on investment and a high sales volume usually encourage and support new ideas
false
results from product inventory analysis need minimal evaluation as they most likely reflect a new business opportunity
false
reverse brainstorming is the same as brainstorming, except criticism is not allowed in reverse brainstorming
false
role models are individuals who give psychological support to the entrepreneur especially during the start-up phase
false
strategic orientation refers to the transformation of an organization through the rejuvenation of the key ideas on which it is built
false
strategic tasks stimulate the entrepreneur to compare the current situation with previous similar situations
false
sustainable entrepreneurship provides only environmental gains for others
false
the big-dream approach is a branch of brainstorming where the group is asked to dream big with no constraints
false
the drawback with problem inventory analysis is that it is not effective in relating known products to suggested problems
false
the entrepreneur should always design and build his own webpage to maintain strategic control
false
the entrepreneurial challenge often lies in making creative mental leaps based on superficial similarities
false
the files of the U.S. Patent Office are kept confidential and entrepreneurs cannot study their contents
false
the largest source of new ideas is the US Patent Office
false
three major types of innovation, in decreasing order of uniqueness: ordinary innovation, technological innovation and break-through innovation
false
traditionally managed firms commitment to opportunity is revolutionary with a long duration
false
using the big-dream approach, a new idea is developed through a list of related issues or suggestions
false
individuals have stronger intentions to act when taking action is perceived to be ______________ + desirable
feasible
corporate entrepreneurship is most strongly reflected in ent. activities as well as in top management orientation in organizations
true
creative synthesis is closely connected to the technique of parameter analysis
true
creativity tends to decrease with age, education, lack of use, and bureaucracy
true
dissatisfaction with various aspects of one's job often motivates the launching of a new adventure
true
entrepreneurially managed firm structure is usually flat with multiple informal networks
true
entrepreneurs focus on how to minimize resources needed whereas traditional firms focus on accumulating resources
true
entrepreneurs intentions are based on their perceptions of feasibility rather than someone else's impression of whether it is feasible
true
for an organization with a traditional environment, it is best to facilitate an external process to establish an entrepreneurial environment
true
for entrepreneurial actions that preserve nature to be considered sustainable entrepreneurship, they must also develop gains for the entrepreneur, others, and/or society
true
in a social network there are two major properties, density and centrality
true
in an encouraging climate for corporate entrepreneurship, rewards should be based on the attainment of established performance goals
true
in corporate entrepreneurship, trial and error are encouraged
true
in creating a culture for corporate entrepreneurship leadership is important
true
internal corporate venturing consists of creating something new of value either by redefining the company's current products or services, developing new markets, or forming more formally autonomous or semiautonomous units or firms
true
members of the distribution channel are usually good sources of ideas for new products
true
most entrepreneurs indicate that their most significant venture was not their first one
true
nanotechnology would be classified as a breakthrough technology
true
percieved desirability refers to the degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes
true
previous startup experience is a good predictor of starting subsequent businesses
true
research and development can be a formal endeavor connected with current employment or an informal one in a basement or garage
true
role models can include family members as well as industry profs
true
structural similarities exist when the underlying mechanisms of the technology resemble, or match, the underlying mechanisms of the market
true
the big-dream approach requires the entrepreneur to dream about the problem and its solution, thinking big
true
the collective notebook method involves members recording their ideas at least once a day for about a week
true
the corporate entrepreneur encourages teamwork and uses a multi-disciplined approach, which violates organizational practices and structures taught in most business schools
true
the entrepreneur's ability to recognize a business opportunity is a result of his or her knowledge and experience
true
the focus group is an excellent method for initially screening ideas and concepts
true
the payment industry includes services for lending money to products that allow anyone to accept credit cards, as well as billing and accounting services
true
the product Spanx is an example of ordinary innovation
true
the product life cycle includes introduction, growth, maturity and decline
true
the product planing and development process is divided into 5 major stages
true
the trend "The Internet of Things" refers in part to "smart" devices
true
three benifits to having a dedicated app; streamline customer experience, new methods of engaging different audience and general visibility
true
traditionally managed firms typically punish failure
true
trends often provide one of the greatest opportunities for starting a new venture
true
when a firm classifies a new product the two key factors used are market and tech newness
true
when developing an entrepreneurial culture, an organization needs o develop ways to become closer to its customers
true
when developing criteria for evaluation during the product planning and development process, the criteria should be all-inclusive and quantitative enough to screen the product carefully
true
with e-commerce, if an entrepreneur is fully outsourcing, they elect to have one or more firms handle all front-end and back-end activities and simply provide management for the operation
true
an entrepreneur considering if what they are doing makes sense is an example of
a comprehension question
when entrepreneurs make do by applying combinations of the resources at hand to new problems and opportunities, this ins known as
bricolage
questions designed to increase an entrepreneurs' understanding of the nature of the enviornment are known as
comprehension questions
with reguard to thinking structurally, superficial similarities
exist when the basic (relatively easy to observe) elements of the technology resemble the basic elements of the market
A reflection task would involve thinking about what strategies should be used to solve a problem.
false
Entrepreneurial action can be defined as times when entrepreneurs make do with resources at hand, applying those resources to new problems or opportunities.
false
In encouraging a culture for corporate entrepreneurship, using older, proven, technology is recommended in order to increase stability in the organization.
false
The casual process of thinking starts with what one has and selects among possible outcomes.
false
a dual process model of coping with negative emotions is an approach to negative emotions based on both avoidance and proactiveness toward secondary sources of stress arising from a major loss
false
an entrepreneur is rarely able to start a new business without some form of formal education
false
an online company's front-end operations involve integration of customer orders with distribution channels
false
brainwriting is another term for brainstorming; they are exactly the same except there is no leader in brainwriting
false
corporate ventures are totally independent units, hence the equity portion of the compensation is particularly difficult to handle
false
developing a new idea through a chain of word associations is known as the checklist method
false
discontinuous innovations have the least disrupting influence on establishd consumption patterns
false
entrepreneurially run firms are driven by controlled resources whereas traditionally managed firms are driven by perception of opportunity
false
entrepreneurs are unable to carefully access each and every innovative idea and oppportunity
false
entrepreneurs should establish a method for monitoring and evaluating competitive products/services on the market but should not worry about potential customers, instead focusing on current customers
false
focus groups consist of 15 to 25 participants in a loosely structured, freewheeling atmosphere
false
forced relationships is a method of forcing confrontations in focus groups
false
in reverse brainstorming the focus is on all the things that are right about an idea
false
it is important for an entrepreneur to understand all aspects of the environment
false
most managers in a corporation are capable of being successful corporate entrepreneurs with the correct training
false
most of the ideas generated by a brainstorming group progress into further development.
false
one study found that new ventures started within a corporation performed better than those started independently by entrepreneurs
false
Bricolage is entrepreneurs making do by applying combinations of the resources at hand to new problems & opportunities
true
Developing a spirit of entrepreneurship within the existing organization, called corporate entrepreneurship, can lower resistance to flexibility, growth, and diversification.
true
Entrepreneurial opportunities are those situations in which new goods, services, raw materials, and organizing methods can be sold for financial or non-financial gain of the entrepreneur and/or other stakeholders.
true
Entrepreneurial thinking is partly a mental process of recognizing a signal and then deciding if the signal represents an opportunity for someone
true
Entrepreneurial thinking partly about reducing doubt as to whether an opportunity for someone is also an opportunity for the specifically, and/or processing feedback from action steps taken
true
In the checklist method, a new idea is developed through a list of related issues or suggestions.
true
Self-renewal includes the redefinition of the business concept, reorganization, and the introduction of system-wide changes to increase innovation. T/F?
true
The effectuation process starts with what one has and selects among possible outcomes
true
an entrepreneur with loss orientation would talk about the business failure with a close friend or relative
true
an organization that wants to become more entrepreneurial must learn to be more productive with fewer resources
true
asking "how is this problem similar to problems I've already solved?" is an example of a connection task
true
attribute listing is an idea-finding technique that requires the entrepreneur to list the attributes of an item or problem and then look at each from a variety of viewpoints
true
augmented reality, body monitoring, and point-of-view reference are all trend categories in the wearable tech industry
true
brainstorming is an unstructured process used for generating possible ideas about a problem within a limited time frame through the spontaneous contributions of participants
true
brainwriting is a written form of brainstorming
true
comprehension questions are designed to stimulate entrepreneurs to think about their own understanding of the nature of the environment
true