Question 1

Most new entrants use an adaptive strategy.

Accepted Answer

A) True 
 B)False

Question 2

WestJet was cited by the text as being able to develop a toehold in Western Canada through

Accepted Answer

A)   proceeding slow and steady.
B)   partnering with Air Canada.
C)   using American pilots.
D)   an aggressive market entry and competitiveness.E) A) and C)
F) A) and B)

Question 3

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

Accepted Answer

A)   is imposed from the top down.
B)   is considered a core capability.
C)   often leads to instability.
D)   often worries stakeholders such as suppliers and creditors.E) C) and D)
F) B) and D)

Question 4

Which kind of new entry strategy sometimes involves filling a market space where the need has not previously been filled adequately?

Accepted Answer

A)   Adaptive
B)   Imitative
C)   Pioneering
D)   Technological risk takingE) None of the above
F) C) and D)

Question 5

What is meant by the terms "radical" innovation and "incremental" innovation? Provide example of each.

Accepted Answer

Radical innovations produce fundamental ...

Question 6

What are the differences between product and process innovation? What are the strategic implications of each approach to innovation?

Accepted Answer

Product innovation refers to efforts to ...

Question 7

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

Accepted Answer

A)   Process innovations; product innovations
B)   Product innovations; service innovations
C)   Radical innovations; instrumental innovations
D)   Marketing innovations; management innovationsE) None of the above
F) B) and C)

Question 8

One of the key factors that makes it difficult for new ventures to be successful as differentiator is

Accepted Answer

A)   strategic renewal.
B)   internal development is challenging.
C)   mergers and acquisitions are a threat.
D)   enacting HYPERLINK "" the strategy is expensive.E) A) and B)
F) All of the above

Question 9

The discovery phase refers to the period when one becomes aware of a new business concept.

Accepted Answer

A) True 
 B)False

Question 10

According to the text, in addition to financial resources, young firms often need the following resources except

Accepted Answer

A)   social capital.
B)   logistics support.
C)   human capital.
D)   government resources.E) All of the above
F) A) and D)

Question 11

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

Accepted Answer

A)   Technological breakthroughs; product-market breakthroughs
B)   New technologies; new paradigms
C)   Incremental innovations; radical innovations
D)   Radical innovations; incremental innovationsE) B) and D)
F) All of the above

Question 12

The 3M Corporation, one of the most highly innovative companies, uses corporate venturing activities to promote innovation. An advantage of this approach is that

Accepted Answer

A)   the ability to change is considered a core capability.
B)   new ideas are not well received.
C)   employees have to be constantly reminded to think entrepreneurially.
D)   employees are not willing to change.E) B) and D)
F) A) and B)

Question 13

Outline the five dilemmas that companies must wrestle with when pursuing innovation.

Accepted Answer

Seeds versus weeds-which ideas are worth...

Question 14

Corporate entrepreneurship is sometimes called "intrapreneuring."

Accepted Answer

A) True 
 B)False

Question 15

Westjet is similar to most other airlines in that it runs a deficit.

Accepted Answer

A) True 
 B)False

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

What is meant by the terms "radical" innovation and "incremental" innovation? Provide example of each.

Correct Answer
verified
Radical innovations produce fundamental ...
View Answer

One of the key factors that makes it difficult for new ventures to be successful as differentiator is

Correct Answer
verified

WestJet was cited by the text as being able to develop a toehold in Western Canada through

Correct Answer
verified

The discovery phase refers to the period when one becomes aware of a new business concept.

Correct Answer
verified

The 3M Corporation, one of the most highly innovative companies, uses corporate venturing activities to promote innovation. An advantage of this approach is that

Correct Answer
verified

Corporate entrepreneurship is sometimes called "intrapreneuring."

Correct Answer
verified

According to the text, in addition to financial resources, young firms often need the following resources except

Correct Answer
verified

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

Correct Answer
verified

Outline the five dilemmas that companies must wrestle with when pursuing innovation.

Correct Answer
verified
Seeds versus weeds-which ideas are worth...
View Answer

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

Correct Answer
verified

Westjet is similar to most other airlines in that it runs a deficit.

Correct Answer
verified

What are the differences between product and process innovation? What are the strategic implications of each approach to innovation?

Correct Answer
verified
Product innovation refers to efforts to ...
View Answer

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

Correct Answer
verified

Which kind of new entry strategy sometimes involves filling a market space where the need has not previously been filled adequately?

Correct Answer
verified

Most new entrants use an adaptive strategy.

Correct Answer
verified

Exam 12: Managing Innovation and Fostering Corporate Entrepreneurship

What is meant by the terms "radical" innovation and "incremental" innovation? Provide example of each.

Correct AnswerverifiedRadical innovations produce fundamental ...View AnswerShow Answer

One of the key factors that makes it difficult for new ventures to be successful as differentiator is

Correct AnswerverifiedShow Answer

WestJet was cited by the text as being able to develop a toehold in Western Canada through

Correct AnswerverifiedShow Answer

The discovery phase refers to the period when one becomes aware of a new business concept.

Correct AnswerverifiedShow Answer

The 3M Corporation, one of the most highly innovative companies, uses corporate venturing activities to promote innovation. An advantage of this approach is that

Correct AnswerverifiedShow Answer

Corporate entrepreneurship is sometimes called "intrapreneuring."

Correct AnswerverifiedShow Answer

According to the text, in addition to financial resources, young firms often need the following resources except

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Outline the five dilemmas that companies must wrestle with when pursuing innovation.

Correct AnswerverifiedSeeds versus weeds-which ideas are worth...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Westjet is similar to most other airlines in that it runs a deficit.

Correct AnswerverifiedShow Answer

What are the differences between product and process innovation? What are the strategic implications of each approach to innovation?

Correct AnswerverifiedProduct innovation refers to efforts to ...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

Which kind of new entry strategy sometimes involves filling a market space where the need has not previously been filled adequately?

Correct AnswerverifiedShow Answer

Most new entrants use an adaptive strategy.

Correct AnswerverifiedShow Answer

Correct Answer
verified
Radical innovations produce fundamental ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified
Seeds versus weeds-which ideas are worth...
View Answer

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

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Product innovation refers to efforts to ...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified