Question 1

At each of the different stages of developing a new venture there are different significant challenges to overcome in order to make a successful transition to the next stage, what the researchers call "critical junctures".Which of the following is not normally such a critical transition?

A)Entrepreneurial commitment - persistence that bind the venture champion to the emerging business venture.
B)Venture credibility - of the venture team, key customers and other social capital and relationships.
C)Resource availability - access to the necessary financial resources.
D)Opportunity recognition - the ability to connect know-how to a commercial application.

C

Accepted Answer

C

Question 2

Three different aspects interact to promote or constrain creativity and innovation.Which of these is not a typical example?&#10;A)Personality and cognitive style.&#10;B)Process of creative problem-solving.&#10;C)Tools and techniques for creativity.&#10;D)Climate and culture.

Accepted Answer

Tools and techniques for creativity, while important, are not typically categorized as one of the core aspects that interact to promote or constrain creativity and innovation. The three main aspects usually considered are individual attributes (such as personality and cognitive style), the process (including creative problem-solving), and the environment (climate and culture).

Question 3

Organizational culture is important for innovation, but the concept of organizational climate is preferable.Which of the following is not true?&#10;A)Climate is easier to assess and measure.&#10;B)Culture cannot be directly observed.&#10;C)Culture is more difficult to influence or change.&#10;D)Climate explains more of the variance in performance.

Accepted Answer

This statement is false. Research suggests that organizational climate explains only a portion of the variance in performance, while organizational culture has a stronger impact.

Question 4

Nelson & Winter develop the notion of organizational routines to help explain the behavior and evolution of organizations.Which of the following is not a characteristic of routines:&#10;A)Regular and predictable.&#10;B)Collective, social and tacit.&#10;C)Easily observable and measured.&#10;D)Guide cognition, behaviour and performance.

Accepted Answer

Organizational routines are not easily observable and measured. They are rather difficult to measure because they are collective, social and tacit.

Question 5

Venture capitalists assess business plans in different ways.However, which of the following would not be expected to encourage funding?&#10;A)Personality and experience of the entrepreneurs.&#10;B)Market and competitior assessment.&#10;C)High-technology product or service.&#10;D)Financial projections.

Accepted Answer

While having a high-technology product or service may be attractive to some venture capitalists, it is not a universal factor that would guarantee funding. Factors that are more likely to encourage funding include the personality and experience of the entrepreneurs, a thorough market and competitor assessment, and solid financial projections.

Question 6

The Kirton Adapter-Innovator (KAI) scale is a psycho-metric approach for assessing the creativity of individuals.By a series of questions it seeks to identify and individuals attitudes towards originality, attention to detail and following rules.It seeks to differentiate "adaptive" from "innovative" styles.Which of the following is not true?

A)Adaptors focus on 'doing better'.
B)Adaptors create stretch solutions.
C)Innovators create more acceptable solutions.
D)Innovators reconstruct problems and assumptions.

Accepted Answer

Innovators are known for creating less conventional and less immediately acceptable solutions, as they often challenge existing norms and assumptions.

Question 7

Many dimensions of climate have been shown to influence innovation and entrepreneurship.Which the following is not associated with innovation and entrepreneurship?&#10;A)Time and space for generating new ideas.&#10;B)Challenge and involvement to stimulate innovation.&#10;C)Complete trust and lack of conflict.&#10;D)Support for risk-taking and mistakes.

Accepted Answer

The answer of Many dimensions of climate have been shown...

Question 8

The concept of &#34;organizational slack&#34; was developed to identify the difference between resources currently needed and the total resources available to an organization.Which of the following is not a characteristic of slack?&#10;A)Organizational slack represents a static inefficiency.&#10;B)Tends to optimize performance and increase efficiency.&#10;C)Organizational slack can act as a dynamic shock absorber.&#10;D)Tends to be self-reinforcing due to positive feedback.

Accepted Answer

Organizational slack is often seen as a buffer or excess resources that can absorb uncertainty and facilitate adaptation, rather than directly optimizing performance and increasing efficiency. It allows for flexibility and innovation rather than directly enhancing efficiency in the traditional sense.

Question 9

The successful framing of problems or opportunities demands a number of disciplines.Which of the following is not desirable?&#10;A)Consider many, varied alternatives.&#10;B)Prioritize implementable solutions.&#10;C)Craft specific but open problem statements.&#10;D)Ignore limiting or restrictive criteria.

Accepted Answer

The answer of The successful framing of problems or opportunities...

Question 10

De Bono introduced the term lateral thinking to describe alternatives to logical thought, and has a long and distinguished career promoting applied creative thinking.Lateral thinking can be helped by a number of methods and techniques.Which of the following is not an example?

A)Distort the relationships or cause and effect.
B)Use brainstorming.
C)Remove or suspend an assumption or goal.
D)Use a metaphor or character.

Accepted Answer

The question asks for the method that is not an example of lateral thinking. Using brainstorming is actually a technique for promoting lateral thinking, so B is the incorrect answer. Distorting cause and effect, removing assumptions or goals, and using metaphors or characters are all examples of methods that can be used to promote lateral thinking.

Question 11

The characteristics of a creative mind include:&#10;A)Highly selective to data.&#10;B)A fast, patterned response.&#10;C)Willingness to suspend judgement.&#10;D)Strong technical problem-solving capability.

Accepted Answer

The answer of The characteristics of a creative mind include:&#10;A)Highly...

Question 12

The cognitive abilities necessary for creativy include all but which of these charactersitics?&#10;A)Implementation and improvisation.&#10;B)Intelligence to interpret and manipulate informaton.&#10;C)Attention and perception to acquire and assess knowledge.&#10;D)Wisdom to select and filter information.

Accepted Answer

The answer of The cognitive abilities necessary for creativy include...

Question 13

Schein identifies a number of surface manifestations of organizational culture, most of which influence the degree and direction of innovation.Which of the following is not such a manifestation of culture?

A)Bulidings, facilities and tools.
B)Rites and rituals.
C)Heros and role models.
D)Products and services.

Accepted Answer

The answer of Schein identifies a number of surface manifestations...

Deck 9: Leadership and Teams