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Which of the following dimensions of entrepreneurial orientation is described as "a forward-looking perspective characteristic of a marketplace leader that has the foresight to seize opportunities"?


A) Proactiveness
B) Risk taking
C) Autonomy
D) Competitive aggressiveness

E) A) and B)
F) A) and C)

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Which of these statements is incorrect? Canadian communications Rogers got started by


A) being involved in wireless telegraphy.
B) creating a radio tube that could be operated from a 110 volt current instead of batteries.
C) being the leading manufacturer of radios in Canada and the U.S.
D) introducing process innovation.

E) A) and D)
F) A) and B)

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_____ refers to efforts to create designs and applications of technology to develop new products; _____ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.


A) Radical innovation; incremental innovation
B) Breakthrough innovation; instrumental innovation
C) Product innovation; process innovation
D) Product innovation; service innovation

E) B) and D)
F) C) and D)

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New-entry strategies typically fall into one of three categories: pioneering new-entry; imitative new-entry; or adaptive new entry. Outline the key strategic intentions of each and provide an example of each.

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New entrants with a radical new product ...

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Every idea developed by an entrepreneur represents a viable business opportunity.

A) True
B) False

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

A) True
B) False

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Which of the following is not one of the characteristics of good opportunities?


A) Attractive
B) Achievable
C) Value creating
D) Opportunism

E) B) and C)
F) B) and D)

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The benefits gained by firms that are the first to enter new markets, establish brand identity, and/or adopt new technologies are known as


A) competitive aggressiveness.
B) technological capabilities.
C) first mover advantages.
D) breakthrough innovations.

E) C) and D)
F) B) and C)

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The innovation dilemma known as seeds versus weeds refers to


A) choosing to pursue radical rather than incremental innovations.
B) choosing to pursue product rather than process innovations.
C) promoting organizational stars onto innovation teams rather than involving all employees in innovation efforts.
D) none of these are correct

E) B) and D)
F) C) and D)

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Firms using a focused approach to corporate entrepreneurship typically separate corporate venturing activities from on-going operations of the firm.

A) True
B) False

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Venture capital is


A) a form of private equity
B) available only at the start-up stage
C) a form of human capital
D) a form of angel investing

E) None of the above
F) A) and B)

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Incremental innovations


A) are usually highly disruptive.
B) usually represent technological breakthroughs.
C) are usually small improvements in products or processes.
D) nearly always can be patented.

E) A) and C)
F) A) and B)

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Discuss the how the generic strategies of cost leadership, differentiation and focus may be used by new ventures and small businesses.

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One of the ways entrepreneurial firms ac...

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In general, radical innovations occur quickly and incremental innovations take a long time to develop.

A) True
B) False

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The innovation dilemma known as building capabilities versus collaborating refers to


A) developing innovation skills internally versus partnering with qualified outsiders.
B) building innovative products in-house versus outsourcing.
C) building credibility by launching products ahead of potential collaboration partners.
D) all of these are correct

E) A) and D)
F) A) and C)

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The term "innovations" refers primarily to inventions that use the latest technologies.

A) True
B) False

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Business risk taking refers to the risk associated with entering untested markets or committing to unproven technologies.

A) True
B) False

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Type of entry strategies include all of the following except


A) imitative.
B) adaptive.
C) pioneering.
D) generic.

E) C) and D)
F) A) and B)

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Outline the opportunity process and discuss the qualities necessary for an opportunity to become viable.

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The starting point for any new venture i...

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

A) True
B) False

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