Question 1

Options exist when the owner of the option has _____________.

Accepted Answer

A)   the obligation, but not the right to engage in a transaction
B)   the right, but not the obligation to engage in a transaction
C)   the right and obligation to engage in a transaction
D)   neither the right, nor the obligation to engage in a transactionE) A) and D)
F) A) and C)

Question 2

A manager whose role is to question the viability of corporate venture projects is known as a(n)

Accepted Answer

A)   product champion
B)   exit champion
C)   rising star
D)   mentorE) C) and D)
F) All of the above

Question 3

Real options analysis helps managers make investment decisions involving large irreversible commitments of financial resources.

Accepted Answer

A) True 
 B)False

Question 4

What are exit champions and how do they further the internal corporate venturing process?

Accepted Answer

Exit champions are individuals within a ...

Question 5

Product champions _____________.

Accepted Answer

A)   are typically senior executives
B)   are usually inventors of some sort
C)   scavenge for resources and encourage others to back promising new ideas
D)   are strong supporters of the status quoE) A) and D)
F) C) and D)

Question 6

The benefits gained by firms that are the first to enter new markets,establish brand identity,and/or adopt new technologies are known as _____________.

Accepted Answer

A)   competitive aggressiveness
B)   technological capabilities
C)   first mover advantages
D)   breakthrough innovationsE) All of the above
F) A) and D)

Question 7

Dispersed approaches to corporate entrepreneurship are often found in organizations with a strong spirit of entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 8

Crowdsourcing technologies,such as used by IBM when it hosted an Innovation Jam,do not foster collaboration between employees,customers,suppliers,and other stakeholders in their efforts to enhance innovation.

Accepted Answer

A) True 
 B)False

Question 9

First movers in an industry often capture above-average profits,but usually find it difficult to maintain early market share gains.

Accepted Answer

A) True 
 B)False

Question 10

Whereas ______________ are often associated with a low cost leader strategy,______________ are frequently an important aspect of a differentiation strategy.

Accepted Answer

A)   process innovations; product innovations
B)   product innovations; service innovations
C)   radical innovations; instrumental innovations
D)   marketing innovations; management innovationsE) A) and D)
F) C) and D)

Question 11

What are the differences between product and process innovation? What are the strategic implications of each approach to innovation?

Accepted Answer

Product innovation and process innovatio...

Question 12

Two common forms of a focused approach to corporate entrepreneurship include ______________ and _____________.

Accepted Answer

A)   internal collaboration; internal venturing
B)   social capital; collaboration capital
C)   business incubators; new venture groups
D)   focus groups; business incubatorsE) B) and C)
F) A) and B)

Question 13

Radical innovations _____________.

Accepted Answer

A)   often result in quick profits
B)   often represent technological breakthroughs
C)   usually apply to products and processes simultaneously
D)   usually cannot be patentedE) B) and C)
F) None of the above

Question 14

Collaborating with innovation partners can provide missing resources necessary to make innovation projects successful,such as the Coca-Cola and DEKA partnership to produce the Slingshot water purification system.

Accepted Answer

A) True 
 B)False

Question 15

Compare and contrast the financial and strategic objectives of corporate entrepreneurship.Provide examples of each type of objective and discuss their benefits and/or costs.

Accepted Answer

Corporate entrepreneurship involves the ...

Question 16

In the 1990s,DuPont used its knowledge of plastics to develop biodegradable plastic products.This is an example of _____________.

Accepted Answer

A)   focusing on process rather than product innovation
B)   defining its innovation efforts within the context of its strategic envelope
C)   radical innovation
D)   public relations, since plastics are not biodegradableE) A) and B)
F) All of the above

Question 17

Innovation is an important source of growth opportunity.Explain this statement,providing examples to support your argument.

Accepted Answer

Innovation is indeed an important source...

Question 18

Product champions are the employees who identify new product ideas or services.

Accepted Answer

A) True 
 B)False

Question 19

One of the following statements about innovativeness is not true.Which is it?

Accepted Answer

A)   It refers to making decisions and taking risks without certain knowledge of probable outcomes.
B)   It refers to efforts of a firm to find new opportunities and novel solutions.
C)   It involves creativity and experimentation.
D)   It is aimed at developing new products, services, and processes.E) A) and D)
F) B) and C)

Question 20

The innovation dilemma known as building capabilities versus collaborating refers to _____________.

Accepted Answer

A)   developing innovation skills internally versus partnering with qualified outsiders
B)   building innovative products in-house versus outsourcing
C)   building credibility by launching products ahead of potential collaboration partners
D)   launching a product incrementallyE) A) and B)
F) B) and D)

Exam 12: Managing Innovation and Fosteringcorporate Entrepreneurship

Real options analysis helps managers make investment decisions involving large irreversible commitments of financial resources.

Correct AnswerverifiedShow Answer

Whereas ______________ are often associated with a low cost leader strategy,______________ are frequently an important aspect of a differentiation strategy.

Correct AnswerverifiedShow Answer

Product champions _____________.

Correct AnswerverifiedShow Answer

One of the following statements about innovativeness is not true.Which is it?

Correct AnswerverifiedShow Answer

The innovation dilemma known as building capabilities versus collaborating refers to _____________.

Correct AnswerverifiedShow Answer

Compare and contrast the financial and strategic objectives of corporate entrepreneurship.Provide examples of each type of objective and discuss their benefits and/or costs.

Correct AnswerAnswered by ExamLex AICorporate entrepreneurship involves the ...View AnswerShow Answer

In the 1990s,DuPont used its knowledge of plastics to develop biodegradable plastic products.This is an example of _____________.

Correct AnswerverifiedShow Answer

The benefits gained by firms that are the first to enter new markets,establish brand identity,and/or adopt new technologies are known as _____________.

Correct AnswerverifiedShow Answer

Crowdsourcing technologies,such as used by IBM when it hosted an Innovation Jam,do not foster collaboration between employees,customers,suppliers,and other stakeholders in their efforts to enhance innovation.

Correct AnswerverifiedShow Answer

Options exist when the owner of the option has _____________.

Correct AnswerverifiedShow Answer

Radical innovations _____________.

Correct AnswerverifiedShow Answer

Dispersed approaches to corporate entrepreneurship are often found in organizations with a strong spirit of entrepreneurship.

Correct AnswerverifiedShow Answer

Collaborating with innovation partners can provide missing resources necessary to make innovation projects successful,such as the Coca-Cola and DEKA partnership to produce the Slingshot water purification system.

Correct AnswerverifiedShow Answer

Innovation is an important source of growth opportunity.Explain this statement,providing examples to support your argument.

Correct AnswerAnswered by ExamLex AIInnovation is indeed an important source...View AnswerShow Answer

First movers in an industry often capture above-average profits,but usually find it difficult to maintain early market share gains.

Correct AnswerverifiedShow Answer

What are the differences between product and process innovation? What are the strategic implications of each approach to innovation?

Correct AnswerAnswered by ExamLex AIProduct innovation and process innovatio...View AnswerShow Answer

A manager whose role is to question the viability of corporate venture projects is known as a(n)

Correct AnswerverifiedShow Answer

Two common forms of a focused approach to corporate entrepreneurship include ______________ and _____________.

Correct AnswerverifiedShow Answer

Product champions are the employees who identify new product ideas or services.

Correct AnswerverifiedShow Answer

What are exit champions and how do they further the internal corporate venturing process?

Correct AnswerAnswered by ExamLex AIExit champions are individuals within a ...View AnswerShow Answer

Correct Answer
verified

Whereas are often associated with a low cost leader strategy, are frequently an important aspect of a differentiation strategy.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Corporate entrepreneurship involves the ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Innovation is indeed an important source...
View Answer

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Product innovation and process innovatio...
View Answer

Correct Answer
verified

Two common forms of a focused approach to corporate entrepreneurship include __ and _.

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Exit champions are individuals within a ...
View Answer