Chapter 14

Which of the following best describes corporate entrepreneurship?
1. Application of entrepreneurship within a firm
2. Application of entrepreneurship on behalf of a firm by an outside party
3. Application of entrepreneurship outside the firm
4. Any application of entrepreneurship that affects the firm
Which of the following best describes innovation?
1. creating or developing a new saleable product or process
2. adopting an new product developed by another firm
3. selling a product to a new market
4. creating a commercial product from an invention
Successfully creating innovations through internal means requires
1. acquisitions of innovative firms.
2. a highly individualistic culture.
3. significant spending on R&D.
4. venture capital.
Which of the following terms describes individuals who, acting independently or as part of an organization, see an opportunity and then take risks to develop an innovation to exploit it.
1. Innovators
2. Transformative leaders
3. Entrepreneurs
4. Leaders
Commercialization of ideas is more difficult than idea creation as suggested by the fact that ____ percent of R&D occurs in large firms, yet the same firms produce fewer than ____ percent of patents.
1. 50; 50
2. 80; 80
3. 50; 80
4. 80; 50
Internal corporate venturing does NOT involve
1. autonomous strategic behavior.
2. induced strategic behavior.
3. product champions.
4. strategic alliances.
Entrepreneurship is the process by which individuals or groups identify and pursue ____ without being immediately constrained by the ____ they currently control.
1. threats; core competencies
2. threats; resources
3. opportunities; resources
4. opportunities; core competencies
Which of the following is one of the barriers to effectiveness when using cross-functional teams to integrate organizational functions?
1. the firm’s strategic orientation
2. informal organizational processes within the firm
3. dissension within the top management team
4. organizational politics
Which of the following is NOT an approach to innovation?
1. internal innovation through R&D
2. start-up entrepreneurship
3. deep technological expertise
4. venture capital
Which of the following statements is true?
1. most innovations are radical
2. Large firms never innovate successfully
3. the success of innovation is measured by technical criteria
4. most innovations are incremental

Chapter 14

Quiz