Ch2 Corporate Entrepreneurship

A  True

B  False

A  Distribution of responsibilities to existing employees. A lack of venture capital

B  Distribution of responsibilities to existing employees. A lack of freedom to make autonomous decisions

C  A constrained environment. A lack of venture capital

D  A lack of freedom to make autonomous decisions. A constrained environment

A  top management commitment

B  one point system

C  first things first

D  Trial-and-error

A  They must create a formalized hierarchy with clear roles and responsibilities and highly routinized work. They must possess a visionary outlook.

B  They must possess a visionary outlook. They should be able to adapt to different situations and develop management options.

C  They must create a formalized hierarchy with clear roles and responsibilities and highly routinized work. They should not use open discussions to create something new.

D  They should be able to adapt to different situations and develop management options. They should not use open discussions to create something new.

A  a corporate environment need not establish a long time horizon for evaluating the success of the overall program

B  there is no difference between corporate thinking and entrepreneurial thinking

C  new ventures do not need to use the industry’s latest cutting-edge technology

D  companies should not force the spirit of corporate entrepreneurship on people

A  reward employees based on their responsibilities rather than their creativity

B  discourage multidisciplinary teams from working on new ventures

C  permit employees to make mistakes in order to assist learning

D  possess a formalized hierarchy with clear roles and responsibilities

A  Developing ways to get closer to customers

B  Gaining the commitment of top management

C  Generating ideas that top management would be interested in

D  Establishing a strong support structure for corporate entrepreneurship

A  the firm is most likely to have a very large initial investment in an opportunity

B  the firm is more likely to be concerned about ownership of resources than a traditionally managed firm

C  resources constrain the strategic thinking of the firm

D  the firm is likely to want to grow at a rapid pace

A  have a comprehensive understanding of the work environment

B  be primarily concerned about the ownership of resources required

C  not favor the use of a multidisciplined approach

D  create a reward system that does not encourage risk taking

A  Trial-and-error learning methods are not encouraged. Creativity, risk taking, boldness, and even failure is appropriately rewarded.

B  Firms must have a patient approach to the investment of money in the environment. The spirit of corporate entrepreneurship must be forced upon individuals.

C  Trial-and-error learning methods are not encouraged. The spirit of corporate entrepreneurship must be forced upon individuals.

D  Creativity, risk taking, boldness, and even failure is appropriately rewarded. Firms must have a patient approach to the investment of money in the environment.

A  worry about the ownership status of resources required to pursue an opportunity

B  discourage multidisciplinary teams from working on new ventures

C  make easily accessible resources for experimentation

D  develop only product champions and not sponsors

A  Trial-and-error learning is discouraged.

B  The latest technology is utilized to help develop a firm’s ideas and products.

C  Opportunity parameters are set.

D  The spirit of corporate entrepreneurship is forced upon individuals.

A  make small initial investments in a potential opportunity

B  minimize the resources required to pursue an opportunity

C  desire to grow at a pace that is stable and manageable

D  be less concerned about the ownership of resources

A  The venture must not reward employees based on risks and trial-and-error learning.

B  The venture should be established without the help of any top managers of the parent organization.

C  Leaders must primarily focus on the ownership of resources required to pursue the venture.

D  Leaders must take care to develop a set of expectations and target results for the venture.

A  have few layers of bureaucracy between top management and customers

B  pursue an available opportunity based on the amount of resources they own

C  focus on the ownership of resources and having access to others’ resources

D  encourage the resources to constrain the firms’ strategic thinking

A  traditionally managed firms are more concerned about minimizing the resources required to pursue an opportunity

B  entrepreneurially managed firms are more likely to have a structure well suited for the internal efficiencies of allocating controlled resources

C  entrepreneurially managed firms are able to change direction rapidly as new information about an opportunity or an environment is revealed

D  traditionally managed firms are more structured to make use of both their external networks and internal networks

A  the amount of resources that are available to a firm

B  the presence of opportunities for new entry 

C  the nature of resources that are available to a firm

D  the opportunities that can only be pursued by using existing resources

A  It is the only method of stimulating individuals in a company who think that something can be done differently. It is most strongly reflected in entrepreneurial activities in organizations.

B  Hypercompetition has led to an increased amount of corporate entrepreneurship. It is not strongly reflected in top management orientations in organizations.

C  Hypercompetition has led to an increased amount of corporate entrepreneurship. It is most strongly reflected in entrepreneurial activities in organizations.

D  It is the only method of stimulating individuals in a company who think that something can be done differently. It is not strongly reflected in top management orientations in organizations.

A  copy the ways that their competitors use to get closer to their customers

B  immediately create a formalized hierarchy with clear roles and responsibilities

C  recognize ideas that top management is likely to be interested in

D  accept feedback and criticism from selected employees only

A  They have a formalized hierarchy with clear roles and responsibilities and highly routinized work.

B  They have a structure well suited for the internal efficiencies of allocating controlled resources.

C  They gain and communicate more information from the external environment than do traditionally managed firms.

D  They are more concerned about the ownership of resources than are traditionally managed firms.

A  commit resources to the opportunity on a large scale

B  be concerned about the ownership of their resources

C  create structures that are typically inwardly focused

D  focus on how they can minimize the resources they require to pursue the opportunity

A  management structure

B  control of resources

C  growth orientation

D  strategic orientation

A  managerial entrepreneurship

B  corporate entrepreneurship

C  strategic orientation

D  Trial-and-error learning