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Exam 12: Managing Innovation and Fosteringcorporate Entrepreneurship

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Question 51

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What are the five dilemmas that most firms face,when trying to determine the best way to manage the innovation process?

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Managing the innovation process is a com...

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Question 52

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According to Peter Drucker,successful entrepreneurs typically are risk takers.

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Question 53

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Which of the following is not an advantage of collaborating with strategic partners in order to innovate?

One of the following is not a type of risk that executives must address.Which is it?

Disruptive innovations are those that overturn markets by providing an altogether new approach to meeting customer needs.

The term skunkworks is used to refer to a type of in-house facility that corporations use to develop entrepreneurial ideas.

______________ 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.

One of the following is not a question that should be answered when evaluating the performance of corporate venturing efforts.Which is it?

Competitive aggressiveness is a response to threats whereas proactiveness is a response to opportunities.

Compare and contrast the concepts of focused versus dispersed approaches to corporate entrepreneurship.Provide examples of each approach.

On average,approximately what percentage of corporate ventures reaches profitability within six years?

Financial reasons for undertaking internal corporate venturing include _____________.

Risk taking can lead to competitive advantage,but it needs to be managed carefully.

Exit champions are often reluctant to gather hard data about a venture because it might kill the project.

What are the five types of support that corporate business incubators provide to entrepreneurial ventures?

According to the text,new venture ideas must pass through two critical stages to be implemented by corporations: project definition and project impetus.

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

Corporate business incubators often provide physical space and business services to internal ventures,but not funding.

McGrath and Keil researched the types of human resource management practices that effective firms use to capture value from their innovation efforts.Which of the following is not one of their findings?

One of the pitfalls of real options analysis is that managers may have an incentive and know-how to game the system and back-solve a formula to get a proposal approved.This can give rise to _____________.