Deck 3: The Entrepreneurial Mind-Set in Organizations - Corporate Entrepreneurship

Question 1

Corporate Entrepreneurship activity occurs outside the firm.

Answer 1

False

Question 2

The Interactive Process is a result of individuals and organizational characteristics interacting with some precipitating event.

Answer 2

True

Question 3

Which of the following are innovative rules that the 3M Corporation uses to encourage its employees to foster ideas?

A)tolerate failure
B)keep the focus on your main business
C)kill projects selectively
D)reward performance relative to profits

Answer 3

tolerate failure

Question 4

Brazeal's model for internally developed corporate entrepreneurial ventures emphasizes

A)growth through acquisition
B)institutionalized innovation
C)organizational boundaries
D)time availability

Question 5

One research model illustrated the process of entrepreneurship as an interaction of which elements?

A)organization, individual, precipitating event
B)intrapreneur, entrepreneur, manager
C)myths, realities, perceptions
D)price, marketing, suppliers

Question 6

Precipitating events in the corporate entrepreneurship process could include:

A)laying off workers.
B)development of new technologies.
C)change in company location.
D)higher productivity standards.

Question 7

Describe the steps necessary to take an individual from a climate that is very hierarchical in nature to an entrepreneurial setting.