Question 1

A manager might insist that separating a decision into multiple parts will guarantee that the decisions made will turn out well.This allows for an assessment of the project at each stage,lessening the likelihood the project will fall prey to which of the following?

Accepted Answer

A)  incremental investment
B)  illusion of control
C)  escalation of commitment
D)  paralysis by analysisE) A) and C)
F) All of the above

Question 2

________ refers to efforts to create designs and applications of technology to develop new products,while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Accepted Answer

A)  Radical innovation;incremental innovation
B)  Breakthrough innovation;instrumental innovation
C)  Product innovation;process innovation
D)  Product innovation;service innovationE) B) and C)
F) A) and D)

Question 3

Financial risk taking involves the risk an executive assumes in taking a stand in favor of a strategic course of action.

Accepted Answer

A) True 
 B)False

Question 4

The term strategic envelope refers to the scope of innovation efforts of a firm.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?

Accepted Answer

A)  autonomy
B)  innovativeness
C)  competitive aggressiveness
D)  risk takingE) A) and B)
F) A) and C)

Question 6

________ involves building entrepreneurial businesses within existing corporations.

Accepted Answer

A)  Insourcing
B)  On-shoring
C)  Intrapreneurship
D)  EntrepreneurshipE) A) and B)
F) B) and C)

Question 7

Corporate ventures that use real options logic in decision making tend to keep total investment low in order to minimize the downside risk of a project.

Accepted Answer

A) True 
 B)False

Question 8

After 15 teams created 128 different phones,Chris Galvin,former CEO of Motorola,eliminated the autonomous teams being used to develop new wireless phones.This was necessary because such teams

Accepted Answer

A)  often lack coordination.
B)  typically waste the CEOs attention.
C)  create efficiencies through duplication of effort.
D)  never duplicate efforts of the rest of the firm.E) B) and C)
F) None of the above

Question 9

Creative intelligence involves the ability to see patterns in data,integrating data,and making insights.Which of the following are the four patterns of action managers should to develop more creative and higher potential innovations?

Accepted Answer

A)  observing,experimenting,cataloging,and networking
B)  questioning,observing,integrating,and networking
C)  questioning,observing,experimenting,and networking
D)  observing,experimenting,cataloging,and integratingE) A) and C)
F) All of the above

Question 10

A(n) ________ manager's role is to question the viability of corporate venture projects.

Accepted Answer

A)  product champion
B)  exit champion
C)  rising star
D)  mentorE) A) and B)
F) A) and D)

Question 11

In corporations with a strong entrepreneurial culture,the willingness and ability to change

Accepted Answer

A)  is imposed from the top-down.
B)  is considered a core capability.
C)  often leads to instability.
D)  often worries stakeholders such as suppliers and creditors.E) A) and C)
F) A) and B)

Question 12

Only about 50 percent of corporate venturing efforts reach profitability within six years of their launch.

Accepted Answer

A) True 
 B)False

Question 13

According to the characterization of innovations by Professor Clayton Christensen,the rise of the smartphone was ________ innovation rather than ________ innovation.

Accepted Answer

A)  a radical;an incremental
B)  an incremental;a sustaining
C)  a disruptive;a sustaining
D)  a sustaining;a disruptiveE) B) and C)
F) A) and C)

Question 14

Project ________ involves justifying whether an opportunity is attractive in the marketplace;project ________ involves evaluating the strategic and economic impact of a new venture.

Accepted Answer

A)  impetus;definition
B)  definition;impetus
C)  reward;development
D)  development;focusE) All of the above
F) B) and C)

Question 15

Strategic reasons for undertaking a corporate venture do not include

Accepted Answer

A)  entering into new markets.
B)  expanding capabilities by acquiring new knowledge.
C)  building the base of corporation resources.
D)  reinforcing stakeholder commitment.E) B) and D)
F) A) and B)

Question 16

Common features of a dispersed approach to corporate entrepreneurship include all the following except

Accepted Answer

A)  semi-autonomous new venture groups.
B)  use of product champions.
C)  a top-down approach to supporting entrepreneurial behavior.
D)  an entrepreneurial culture.E) B) and D)
F) B) and C)

Question 17

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 B)
F) A) and C)

Question 18

MiO,brought the Kraft Heinz Company many new awards including the 2011 Walmart Innovation of the Year Award and the 2012 Gold Medal Edison Innovation Award.What kind of innovation did MiO represent?

Accepted Answer

A)  incremental innovation
B)  technology innovation
C)  process innovation
D)  product innovationE) All of the above
F) C) and D)

Question 19

Which of the following is not one of the dimensions of entrepreneurial orientation?

Accepted Answer

A)  proactiveness
B)  risk taking
C)  autonomy
D)  opportunismE) None of the above
F) C) and D)

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)  incrementally launching a product.E) None of the above
F) B) and D)

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

A manager might insist that separating a decision into multiple parts will guarantee that the decisions made will turn out well.This allows for an assessment of the project at each stage,lessening the likelihood the project will fall prey to which of the following?

Correct AnswerverifiedShow Answer

Which of the following is not one of the dimensions of entrepreneurial orientation?

Correct AnswerverifiedShow Answer

A(n) ________ manager's role is to question the viability of corporate venture projects.

Correct AnswerverifiedShow Answer

________ refers to efforts to create designs and applications of technology to develop new products,while ________ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Correct AnswerverifiedShow Answer

The term strategic envelope refers to the scope of innovation efforts of a firm.

Correct AnswerverifiedShow Answer

________ involves building entrepreneurial businesses within existing corporations.

Correct AnswerverifiedShow Answer

In corporations with a strong entrepreneurial culture,the willingness and ability to change

Correct AnswerverifiedShow Answer

Project ________ involves justifying whether an opportunity is attractive in the marketplace;project ________ involves evaluating the strategic and economic impact of a new venture.

Correct AnswerverifiedShow Answer

Only about 50 percent of corporate venturing efforts reach profitability within six years of their launch.

Correct AnswerverifiedShow Answer

Common features of a dispersed approach to corporate entrepreneurship include all the following except

Correct AnswerverifiedShow Answer

Corporate ventures that use real options logic in decision making tend to keep total investment low in order to minimize the downside risk of a project.

Correct AnswerverifiedShow Answer

According to the characterization of innovations by Professor Clayton Christensen,the rise of the smartphone was ________ innovation rather than ________ innovation.

Correct AnswerverifiedShow Answer

The innovation dilemma known as "building capabilities versus collaborating" refers to

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

Which of the following dimensions of entrepreneurial orientation is described as an independent action by an individual or team aimed at bringing forth a business concept or vision and carrying it through to completion?

Correct AnswerverifiedShow Answer

After 15 teams created 128 different phones,Chris Galvin,former CEO of Motorola,eliminated the autonomous teams being used to develop new wireless phones.This was necessary because such teams

Correct AnswerverifiedShow Answer

Creative intelligence involves the ability to see patterns in data,integrating data,and making insights.Which of the following are the four patterns of action managers should to develop more creative and higher potential innovations?

Correct AnswerverifiedShow Answer

Financial risk taking involves the risk an executive assumes in taking a stand in favor of a strategic course of action.

Correct AnswerverifiedShow Answer

Strategic reasons for undertaking a corporate venture do not include

Correct AnswerverifiedShow Answer

MiO,brought the Kraft Heinz Company many new awards including the 2011 Walmart Innovation of the Year Award and the 2012 Gold Medal Edison Innovation Award.What kind of innovation did MiO represent?

Correct AnswerverifiedShow Answer

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refers to efforts to create designs and applications of technology to develop new products,while refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

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Project involves justifying whether an opportunity is attractive in the marketplace;project involves evaluating the strategic and economic impact of a new venture.

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According to the characterization of innovations by Professor Clayton Christensen,the rise of the smartphone was innovation rather than innovation.

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

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