ENTR 321 Chapter 3
The second step in planning a strategy of entrepreneurship for the enterprise is: a.) developing and encouraging innovation b.) applying the exact tools of the entrepreneur c.) sharing the vision of innovation d.) identifying specific objectives
developing and encouraging innovation
Firms do not need to alter management techniques to encourage corporate entrepreneurship since it tends to occur naturally. True or False
False
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. True or False
False
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. True or False
False
Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage structured activity. True or False
False
Skunk works are project groups that work within the traditional lines of authority. True or False
False
Clever bootlegging of ideas refers to secretly working on new ideas on company time as well as on personal time. True or False
True
One reason that corporate entrepreneurship has become popular is because it allows corporations to tap the innovative talents of the personnel. True or False
True
In restructuring corporate thinking, top management should: a.) identify potential entrepreneurs after an innovation program is in operation b.) promote entrepreneurship through experimentation c.) make the entrepreneur follow strict corporate guidelines d.) create diversity and order in strategic activities
promote entrepreneurship through experimentation
Which of the following terms refers the inaugural breakthroughs launched from experimentation and determined vision? a.) collective entrepreneurship b.) incremental innovation c.) radical innovation d.) strategic management
radical innovation
Which of the following are specific factors identified by researchers, that organizations can concentrate on in structuring an entrepreneurial climate. a.) skunk works, multiple approaches, and vision b.) rewards, resources, innovation, and vision c.) radical innovation, incremental innovation, and vision d.) top management support, time, resources, rewards, adn organizational boundaries
top management support, time, resources, rewards, and organizational boundaries
Systematic evolution of a product or service into newer or larger markets is referred to as radical innovation. True or False
False
Individuals may avoid corporate entrepreneurial behavior due to the impact of traditional management techniques. True or False
True
Secretly working on new ideas on company time as well as on personal time is referred to as: a.) skunk works b.) interactive learning c.) bootlegging d.) champion
bootlegging
The first step in planning a strategy of entrepreneurship for enterprise is: a.) identifying specific objectives b.) developing radical innovation c.) sharing the vision of 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.) identifying potential entrepreneurs b.) promotion of entrepreneurship through experimentation c.) top management sponsorship of entrepreneurship d.) uniform compensation
uniform compensation
Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Set implicit goals. True or False
False
Researchers have identified specific factors that organizations can concentrate on in helping individuals develop more entrepreneurial behavior. True or False
True
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 or False
True
Many ways of developing corporate entrepreneurship exist. Decide if the following action would help develop corporate entrepreneurship (True) or not (False). Encourage brainstorming. True or False
True
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 or False
True
All of the following are reasons for the growth of corporate entrepreneurship except: a.) a rapidly growing number of new and sophisticate competitors b.) a sense of distrust in the traditional methods or corporate management c.) an exodus of some of the best people out of corporations d.) a desire to dramatically increase profitability
a desire to dramatically increase profitability
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. True or False
False
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. True or False
False
In the model of sustained corporate entrepreneurship discussed in the text, a transformational trigger can be internal or external to the company. True or False
True
The first step in planning a strategy of corporate entrepreneurship is sharing the vision of innovation that executive wish to achieve. True or False
True
The major thrust of corporate entrepreneurship is to: a.) raise profitability b.) encourage greater risk taking c.) encourage innovation d.) increase morale
encourage innovation
Which of the following terms refers to the systematic evolution of a product or service into newer or larger markets? a.) incremental innovation b.) strategic management c.) collective entrepreneurship d.) radical innovation
incremental innovation
Transformational triggers in a corporate entrepreneurial environment initiates the need for: a.) laying off workers b.) changing company location c.) strategically adapting to change d.) achieving higher productivity standards
strategically adapting to change
Which of the following helps account for the rise of interest in corporate entrepreneurship? a.) a general increase in the number of competitors b.) a decrease in the number of sophisticated competitors c.) an increase government regulation of small entrepreneurs d.) an increase in corporations losing some of their best people
an increase in corporations losing some of their best people
The resources of the organization are irrelevant to the ability of the corporate entrepreneur to implement an idea. True or False
False
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 or False
True
Collective entrepreneurship, as a concept, refers to: a.) entrepreneurial thinking that is diffused throughout the company b.) the joint recognition of the CEO and CFO as champions of innovation c.) socialist enterprising d.) the collective spirit of innovation that resides in the firm's founder
entrepreneurial thinking is diffused throughout the company
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.) skunk words b.) strategic innovators c.) champions d.) multiple approaches
skunk works
Which of the following is an obstacle to corporate entrepreneurship? a.) orientation to the market b.) a system of feedback and positive reinforcement c.) rewards based upon results d.) traditional management techniques
traditional management techniques
