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Chapter Quiz
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1
Process innovation is not typically associated with improving the efficiency of an organizational process, especially manufacturing systems and operations process innovation.
A)True
B)False
2
Innovations fall on a continuum between the extremes of highly radical and slightly incremental. Few fall at either extreme.
A)True
B)False
3
A process innovation is technologically simpler and less sophisticated than currently available products and appeals to customers seeking more convenient, less expensive solutions.
A)True
B)False
4
One disadvantage of using a focused approach to corporate entrepreneurship is that its isolation from the corporate mainstream may lead to difficulties in obtaining the _______ or _______ to move a project to completion.
A)resources or capabilities
B)capabilities or approval
C)approval or resources
D)support or resources
5
New venture groups (NVGs) are a common type of focused approach to corporate entrepreneurship.
A)True
B)False
6
Which of the following are not strategic reasons for judging the success of a corporate venture initiative?
A)strengthening competitive position
B)entering into new markets
C)expanding capabilities
D)reducing the corporate base of experience
7
Exit champions are not willing to questions the viability of a venture project.
A)True
B)False
8
Real options analysis (ROA) is appropriate to use when investments cannot be staged.
A)True
B)False
9
What occurs when decision makers come to believe that they possess superior expertise for managing uncertainty and that they can reduce the inherent risks in decision making to a greater extent than is actually within their ability?
A)the back-solver dilemma
B)agency conflict
C)the real options myth
D)managerial conceit
10
Which entrepreneurial orientation is involved when a firm resorts to slashing its prices, even though it is simultaneously sacrificing its profits, in order to gain market share?
A)proactiveness
B)competitive aggressiveness
C)innovativeness
D)autonomy







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