Organizational stability is essential and considered to be the norm of successful organizations today.
true
false
When an organization assumes an ambidextrous approach it means the organization creates an organic structure when it is needed for the initiation of new ideas
true
false
Jeremiah is employed by the Lightning Surgical Supply Company in Denver, Colorado. He has developed an idea for surgical tool manufacturing that when implemented by his company, will save the organization $500,000 a year in production costs. Lightning is very excited by this opportunity and has highly commended and richly rewarded Jeremiah for the new idea. It realizes this idea can lead the organization to becoming an industry leader. It can be said that Jeremiah is engaging in ________.
idea incubation
organizational innovation
creativity
new-venture fund building
team building
Which one of the following does not describe a characteristic of a venture team?
They are a technique used to give free rein to creativity within an organization.
The concept of venture teams free members from organizational bureaucracy.
Venture teams often have their own separate locations from which to conduct their work.
These teams are closely monitored by the organization and must follow set organizational procedures.
This type of team is like a small company within the larger company.
________ means delivering products and services faster than competitors, which leads to the organization gaining a competitive advantage.