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Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

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Question 41

Multiple Choice

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

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) All of the above
F) None of the above

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Question 42

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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?

A) observing,experimenting,cataloging,and networking
B) questioning,observing,integrating,and networking
C) questioning,observing,experimenting,and networking
D) observing,experimenting,cataloging,and integrating

E) A) and B)
F) A) and C)

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Question 43

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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?

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

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

Strategic reasons for undertaking a corporate venture do not include

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

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

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

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?

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

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

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

________ 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.

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

________ involves building entrepreneurial businesses within existing corporations.

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?

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

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

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.