Managing Innovation And Fosteringcorporate Entrepreneurship

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Strategic Management: Creating Competitiveadvantages
Analyzing the External Environment Ofthe Firm: Creating Competitive Advantages
Assessing the Internal Environmentof the Firm
Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources
Business-Level Strategy: Creating Andsustaining Competitive Advantages
Corporate-Level Strategy: Creatingvalue Through Diversification
International Strategy: Creating Valuein Global Markets
Entrepreneurial Strategy and Competitive Dynamics
Strategic Control and Corporategovernance
Creating Effective Organizational Designs
Strategic Leadership: Creating a Learning Organization and an Ethical Organization
Managing Innovation and Fosteringcorporate Entrepreneurship

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Question 1

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The term innovation refers primarily to an invention that uses the latest technologies.

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Question 2

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The Dutch Boy twist and pour paint container is an example of a high tech source of innovation.

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Question 3

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Process innovations are often associated with a low cost leadership strategy.

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Question 4

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Product innovations are commonly associated with a differentiation strategy.

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Question 5

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As an industry matures,there are greater opportunities for change and so innovations tend to be more radical.

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Question 6

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

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Question 7

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Disruptive innovations are those that overturn markets by providing an altogether new approach to meeting customer needs.

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Question 8

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Aereo enters the broadcasting market with a new offer that streams the local broadcast signals to customers so that they can watch content on their PCs or tablet computers in real time or save for another viewing time.This is an example of disruptive innovation.

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Question 9

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Proctor and Gamble is centralizing twenty to thirty percent of its research efforts in a new corporate-level business creation and innovation unit.They believe that this will assist them only with developing incremental innovations that will help the overall bottom line.

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Question 10

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Research indicates that leaders of innovative firms spend fifty percent more time on discovery activities than the leaders of less innovative firms.

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Question 11

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The term strategic envelope refers to the scope of innovation efforts of a firm.

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Question 12

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Radical innovation often involves open-ended experimentation which can be very time consuming.

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Question 13

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For innovation team members to work enthusiastically on innovation projects,it is important to separate the performance of individual team members from the performance of the innovation itself.

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Question 14

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Innovation efforts of the firm rarely benefit from partnering with non-business entities such as universities and government agencies.

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Question 15

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Collaborating with innovation partners can provide missing resources necessary to make innovation projects successful,such as the Coca-Cola and DEKA partnership to produce the Slingshot water purification system.

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Question 16

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Crowdsourcing technologies,such as used by IBM when it hosted an Innovation Jam,do not foster collaboration between employees,customers,suppliers,and other stakeholders in their efforts to enhance innovation.

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Question 17

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APC (formerly known as the American Productivity and Quality Center)recognizes companies for exemplary practices that increase entrepreneurship as was demonstrated by awardee Air Products and Chemicals,Inc.who was recognized for the importance of staffing for achieving success.

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Question 18

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Strategic renewal and the pursuit of new venture opportunities are the two primary aims of corporate entrepreneurship.

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Question 19

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Corporate entrepreneurship is sometimes called intrapreneurship.

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Question 20

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

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