Deck 2: The Process of Corporate Innovation

Question 1

The modern drive of innovative thinking has become the major force inside enterprises.

Answer 1

True

Question 2

Corporate innovative activity can be achieved without radically changing traditional forms of internal corporate behavior and structural patterns.

Answer 2

False

Question 3

Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches.

Answer 3

True

Question 4

Many corporations are viewed to have obsolete ideas about cooperative cultures.

Question 5

The entrepreneurial/innovative process conforms to standard operating procedures.

Question 6

An individual trying to be innovative in an established company will find that departments are less concerned with protecting their "domain" than they are with developing new ideas that will benefit the organization.

Question 7

The change process consists of a series of emerging constructions of the people, the organizational goals, and the existing needs.

Question 8

Creating the vision is the first step in planning a corporate innovation strategy for the enterprise.

Question 9

Organizational leadership is not necessary for innovative activity to exist and prosper within the firm.

Question 10

To be sustainable, entrepreneurial thinking must be integrated into the mission, goals, strategies, structure, processes, and values of the organization.

Question 11

Corporations enhance the innovative abilities of their employees, and increase corporate success through the creation of_______________.

A) New products
B) Markets
C) Methods
D) All of the above

Question 12

What is one of the pressing problems that has attributed to the rise of corporate innovation?

A) The inflation of innovative minded employees
B) Increased global competition
C) Stagnate changes in the marketplace
D) Increase of organizations seeking greater efficiency

Question 13

Business professionals are extremely busy keeping up with a wealth of available information and changes in technology because of_____________.

A) Increased global competition
B) A shift from modern industry
C) Birth of the mechanical age
D) None of the above

Question 14

_____________ is a critical obstacle to challenge in the corporate innovation process.

A) Surplus of resources
B) Inflexible company procedures
C) Absence of sufficient funding
D) Lack of vision

Question 15

______________ is often described as a process whereby an individual or a group of individuals, in association with an existing organization, creates a new organization or instigates renewal or innovation within the organization.

A) Strategic renewal
B) Corporate entrepreneurship
C) Collective innovation
D) Corporate venturing

Question 16

What is a key element involved in conducting effective corporate innovation programs?

A) Partners
B) Stagnation
C) Perception
D) Environment

Question 17

________________ was developed by to provide for a psychometrically sound instrument that measures key innovative climate factors.

A) Corporate Entrepreneurship Assessment Instrument
B) Unwavering focus on opportunity rather than on resources, structure, or strategy
C) Management Perception Instrument
D) Corporate Innovation Evaluation Tool

Question 18

What is one of the five stable organizational antecedents of middle-level managers' innovative behavior?

A) Professional development
B) Structural freedom
C) Organizational boundaries
D) Time management

Question 19

________________ is when individual skills are integrated into a group and their collective capacity to innovate becomes greater than the sum of its parts.

A) Unified development
B) Collective entrepreneurship
C) Combined innovation
D) None of the Above

Question 20

What do Michael H. Morris, Donald F. Kuratko, and Jeffrey G. Covin say must be integrated into the mission, goals, strategies, structure, processes, and values of an organization to ensure corporate innovation is sustainable?

A) Ambitious objectives
B) Radical intelligence
C) Innovative leadership
D) Entrepreneurial thinking

Question 21

Innovative ideas can represent tremendous opportunity to an organization but they can also threaten individuals inside the organization. For many employees, innovative ideas could mean that current products will be eliminated, budgets will be re-allocated, or processes will be modified. Discuss two methods for handling these obstacles.

Question 22

Discuss how corporate entrepreneurship/innovation can successfully operate as a strategy.

Question 23

In putting together a venture team, management must ensure that certain key roles are filled. Discuss these roles and their level of importance in propelling the enterprise forward.

Question 24

How does an organization sustain the corporate innovative process?