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Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

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Question 41

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Corporate venturing that is focused permeates all parts of the organization and involves every member of the organization.

A) True
B) False

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Question 42

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Corporate entrepreneurship is sometimes called intrapreneurship.

A) True
B) False

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Question 43

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Graphene can be magnetized and used in building computer systems that use spintronics, a technology that involves processing a signal using magnetic spin rather than electric change. It has the potential to replace silicon as the primary component of semiconductor chips. This is an example of disruptive innovation.

Real options logic is useful when corporations consider stock options as a way to finance entrepreneurial ventures.

Which of the following is not characteristic of a disruptive innovation?

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

Companies such as Zimbra, Inc. and Best Practices LLC enhanced their entrepreneurial positions by using competitive aggressiveness techniques such as entering the marketplace with drastically lower prices and by copying successful business models.

If managers believe that their abilities can reduce the risks inherent in decision making to a much greater extent that they actually can, they might demonstrate ______ and trust only their own judgment rather than conduct sufficient analysis.

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

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

______________ 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.

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.

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

Radical innovations are evolutionary applications of novel ideas within existing paradigms.

Which of the following statements about skunkworks is false?

Intel uses option contracts for the right to purchase key pieces of equipment at a specific future date. They simulate the likelihood that they will need to purchase a specific piece of equipment and then create the options contracts to reduce risk and potentially save money.

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

______________ produce fundamental changes that can transform a company or even revolutionize an industry, while ______________ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.

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

A disruptive innovation appeals to less demanding customers who are seeking more convenient, less expensive solutions.