BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 12 solutions complete answers

BUSI 400 Read & Interact Dess, McNamara, Eisner, & Lee Chapter 12 solutions complete answers 

 

Business risk taking of an organization involves ______.

 

______ is the use of new knowledge to transform organizational processes or create commercially viable products and services.

 

______ innovation involves efforts to create product designs and applications of technology to develop new products for end users.

 

______ innovation refers to efforts to improve the efficiency of organizational processes, especially manufacturing systems and operations.

 

______ innovation is an innovation that fundamentally changes existing practices.

 

Which of the following are among the challenges to innovation? (Check all that apply.)

 

Which of the following statements about innovation are true? (Check all that apply.)

 

Innovation by managers requires creative intelligence, which is driven by which of the following? (Check all that apply.)

 

Product innovation tends to be more common during which stage of the industry life cycle?

 

Which of the following refers to a firm-specific view of innovation that defines how a firm can create new knowledge and learn from an innovation initiative even if the project fails?

 

Which of the following statements about process innovation are correct? (Check all that apply.)

 

Which of the following statements about radical innovation are true? (Check all that apply.)

 

Which of the following are true about managing the pace of radical innovation? (Check all that apply.)

 

True or false: Companies are often reluctant to invest time and other resources into activities with an unknown future.

 

Which of the following statements about managers being able to develop innovative products and services are correct? (Check all that apply.)

 

Which of the following are among the human resources management practices that help firms to capture value from innovation efforts? (Check all that apply.)

 

Focusing a firm's innovation efforts to a strategic       limits the scope of the firm's efforts and helps avoid wasting resources on the project.

 

Which of the following statements regarding collaborating with innovation partners are correct? (Check all that apply.)

 

Guidelines for competing in a dynamic, innovative market in which a winning technology has not yet become dominant include which of the following? (Check all that apply.)

 

Which of the following are true about managing the pace of incremental innovation? (Check all that apply.)

 

Which of the following are the aims of corporate entrepreneurship (CE)? (Check all that apply.)

 

______ are corporate new venture groups that support and nurture fledgling entrepreneurial ventures until they can thrive on their own as stand-alone businesses.

 

Which of the following are examples of staffing practices for innovation that are counterproductive? (Check all that apply.)

 

A(n) ______ culture is one in which change and renewal are a constant focus of attention.

 

Collaborating on innovation projects with other companies is ______.

 

Which of the following statements about product champions are true? (Check all that apply.)

 

Which of the following are guidelines for successfully competing in dynamic markets with high technology uncertainty? (Check all that apply.)

 

Which of the following are strategic reasons for undertaking a corporate venture? (Check all that apply.)

 

______ is the creation of new value for a company through investments that create either new sources of competitive advantage or renewal of the value proposition. 

 

______ is an investment analysis tool that suggests a path that a company can follow to manage the uncertainty of launching a new venture.

 

Which of the following statements about business incubators are correct? (Check all that apply.)

 

True or false: Real options analysis is suitable for strategic decisions for investments that give a company the right, but not the obligation, to make subsequent investments.

 

Which of the following statements about an entrepreneurial culture are true? (Check all that apply.)

 

Which of the following are potential pitfalls of real options analysis? (Check all that apply.)

 

A(n) ______ is an individual working within a corporation who brings entrepreneurial ideas forward, identities what kind of market exists for the product or service, finds resources to support the venture, and promotes the venture concept to upper management.

 

Which of the following refers to the strategy-making practices that businesses use in identifying and launching new ventures consisting of autonomy, innovativeness, proactiveness, competitive aggressiveness, and risk taking?

 

Which of the following statements about corporate venturing efforts are correct? (Check all that apply.)

 

Which of the following statements about autonomy are correct? (Check all that apply.)

 

What is the purpose of real options analysis in entrepreneurship?

 

Which of the following statements regarding the application of real options analysis to strategic decision making are true? (Check all that apply.)

 

Which of the following refers to a willingness to introduce novelty through experimentation and creative processes aimed at developing new products and services as well as new processes?

 

______ is a problem with investment decisions in which managers "game the system" to have a project meet investment approval criteria, even though the investment may not enhance firm value.

 

_______ is a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities in anticipation of future demand.

 

Which of the following statements about entrepreneurial orientation are correct? (Check all that apply.)

 

______ is an intense effort to outperform industry rivals characterized by a combative posture or an aggressive response aimed at improving position or overcoming a threat in a competitive marketplace.

 

Which of the following refers to a willingness to act independently in order to carry forward an entrepreneurial vision or opportunity?

 

______ is making decisions and taking action without certain knowledge of probable outcomes.

 

Which of the following statements about innovativeness are correct? (Check all that apply.)

 

Which of the following statements about proactiveness are correct? (Check all that apply.)

 

Which of the following statements about competitive aggressiveness are correct? (Check all that apply.)

 

Which of the following statements regarding risk taking are true? (Check all that apply.)

 

A(n) ______ champion is an individual working within a corporation who is willing to question the viability of a venture project by demanding hard evidence of venture success and challenging the belief system that carries a venture forward.

 

______ are groups of individuals or a division within a corporation that identifies, evaluates, and cultivates venture opportunities.

 

Biases, blind spots, and other human frailties that lead to poor managerial decisions fall under the concept of ______.

 

Corporate entrepreneurship in which a dedication to the principles and policies of entrepreneurship is spread throughout the organization is known as the ______ to corporate entrepreneurship.

 

Financial risk taking in business organizations ______.

 

Firms that use a focused approach to entrepreneurship typically ______.

 

In companies with many innovative ideas, deciding which ideas to cultivate and which to cast aside is known as ______.

 

______ innovation is an innovation that enhances existing practices or makes small improvements in products and processes.

 

In successful CE, which of the following often provide the greatest returns?

 

______ is the tendency for managers to irrationally stick with an investment even when investment criteria are not being met.

 

The tendency for managers to continue an existing project even though it should be ended is called escalation of ___________.

 

True or false: A sustaining innovation is a type of disruptive innovation.

 

True or false: Disruptive innovations appeal to less demanding customers who want more convenient and less expensive solutions.

 

The two critical stages through which a concept for a new venture must pass are project _____________ and project impetus.

 

Which factors determine the way a company approaches entrepreneurial ventures? (Check all that apply.)

 

Which kinds of goals need to be met for a successful venture in corporate entrepreneurship?

 

Which of the following affect whether a typical company will pursue entrepreneurial projects? (Check all that apply.)

 

Which of the following are considered focused approaches to corporate entrepreneurship? (Check all that apply.)

 

Which of the following are functions or services that business incubators provide start-up companies? (Check all that apply.)

 

Which of the following are risks that executives and business organizations face? (Check all that apply.)

 

Which of the following are the two stages new venture concepts must pass in order to get off the ground? (Check all that apply.)

 

Which of the following are true about sustaining innovations? (Check all that apply.)

 

Which of the following explain when managerial conceit occurs? (Check all that apply.)

 

Which of the following is a service or function that business incubators provide? (Check all that apply.)

 

Which of the following is the approach to corporate venturing in which corporate entrepreneurship activities are isolated from a firm's existing operations and worked on by independent work units?

 

Which of the following questions would help assess the effectiveness of a corporation's venturing initiatives? (Check all that apply.)

 

Which of the following regarding the challenges to innovation of experience versus initiative are correct? (Check all that apply.)

 

Which of the following statements about disruptive innovations are true? (Check all that apply.)

 

Which of the following statements about exit champions are true? (Check all that apply.)

 

Which of the following statements about incremental innovations are correct? (Check all that apply.)

 

Which of the following statements about new venture groups are correct? (Check all that apply.)

 

Which of the following statements about the seeds versus weeds challenge to innovation are correct? (Check all that apply.)

 

Which of the following statements regarding dispersed approaches to corporate entrepreneurship are correct? (Check all that apply.)

 

Which of the following statements regarding the building capabilities versus collaborating challenges to innovation are true? (Check all that apply.)

 

Which of the following statements regarding the incremental versus preemptive launch challenges to innovation are correct? (Check all that apply.)

 

Which of the following statements regarding the internal versus external staffing challenges to innovation are correct? (Check all that apply.)