Question 1

One study found that firms from individualistic, certainty-tolerant cultures relied less on alliances in the technology area.

Accepted Answer

Studies have shown that firms from individualistic, certainty-tolerant cultures are more likely to engage in alliances in the technology area because they are more open to taking risks and collaborating to innovate.

Question 2

International entrepreneurship is defined as "the discovery, enactment, evaluation, and exploitation of opportunities across national borders to create future goods and services."

Accepted Answer

International entrepreneurship involves identifying and pursuing business opportunities across borders, which can lead to the creation of new products and services in different markets.

Question 3

The study of international entrepreneurship consists of two thrusts, cooperative and cross border.

Accepted Answer

The study of international entrepreneurship typically involves understanding how businesses operate in international markets, including aspects like cross-border trade, investment, and cultural differences, but it is not limited to just cooperative and cross-border thrusts.

Question 4

Comparative entrepreneurship examines similarities and differences between countries on the level of entrepreneurial activity, the business environment, and the motivations of would-be entrepreneurs.

Accepted Answer

Comparative entrepreneurship is the study of how entrepreneurship varies across different countries, including the level of entrepreneurial activity, the business environment, and the reasons why people become entrepreneurs. By examining similarities and differences between countries, comparative entrepreneurship can help identify factors that drive or hinder entrepreneurship and inform policies that promote entrepreneurial development.

Question 5

Cross-border entrepreneurship looks at entrepreneurial activities that leverage local differences in environment and resources.

Accepted Answer

The answer of Cross-border entrepreneurship looks at entrepreneurial activities that...

Question 6

The "born global" or "international new venture" (INV) refer to "a business organization that, from inception, seeks to derive minimum competitive advantage from the use of resources and the sale of outputs in multiple countries."

Accepted Answer

The correct definition of a "born global" or "international new venture" is a business organization that, from inception, seeks to derive significant competitive advantage from the use of resources and the sale of outputs in multiple countries.

Question 7

Comparative entrepreneurship examines the variation in entrepreneurship rates and patterns across nations; it also looks at the underlying reasons for the variation.

Accepted Answer

Comparative entrepreneurship does examine variation in entrepreneurship rates and patterns across nations as well as the underlying reasons for such variation.

Question 8

The discovery phase is a product of local ecology - namely, the availability and specificity of the resources available in a given national environment, which assists entrepreneurs in taking advantage of available opportunities.

Accepted Answer

The answer of The discovery phase is a product of...

Question 9

The evaluation phase looks at why some people will view those opportunities favorably while others do not.

Accepted Answer

The evaluation phase of an opportunity analysis aims to understand why certain individuals or groups may view the opportunity favorably or unfavorably. This involves looking at various factors such as personal beliefs, values, and cultural background.

Question 10

Exploitation covers the question of who discovers the entrepreneurial opportunities; which is mostly a function of the role of different social groups in the society and economy of a particular country.

Accepted Answer

Exploitation refers to the process of taking advantage of the entrepreneurial opportunities by developing and bringing a new product or service to the market, rather than the discovery of these opportunities, which is more related to the concept of opportunity recognition influenced by individual's alertness, networks, and background.

Question 11

The exploitation phase explains the motivation behind entrepreneurs relevant to role structure, satisfaction, and division of labor.

Accepted Answer

The exploitation phase typically refers to the stage in innovation or entrepreneurial process where an idea or invention is implemented and commercialized, not directly to the motivation behind entrepreneurs regarding role structure, satisfaction, and division of labor.

Question 12

Venture-creation decision was found to correlate with cultural dimensions in another study using a cognitive approach.

Accepted Answer

The statement presents a factual finding from a study that links venture-creation decision with cultural dimensions using a cognitive approach.

Question 13

Generally speaking, high individualism and low uncertainty avoidance encourage entrepreneurial activity, especially when opportunity based.

Accepted Answer

This is because high individualism values personal independence, creativity and risk-taking behavior, which often aligns with the entrepreneurial mindset. Additionally, low uncertainty avoidance cultures are more comfortable with change and ambiguity, which may make them more open to pursuing entrepreneurial opportunities.

Question 14

The traits identified as related to entrepreneurial potential are internal locus of control, moderate risk-taking propensity, and low-energy level.

Accepted Answer

The traits identified as related to entrepreneurial potential are internal locus of control, high risk-taking propensity, moderate energy level, and need for achievement. Low energy level is not typically identified as a trait associated with entrepreneurship.

Question 15

International entrepreneurship covers the similarities and differences in entrepreneurial environments, capabilities, and motivations across countries.

Accepted Answer

International entrepreneurship is the study of entrepreneurship across national borders, examining the similarities and differences in entrepreneurial environments, capabilities, and motivations across countries.

Question 16

Funding opportunities and regulatory environment are among the main factors that determine the level of entrepreneurship.

Accepted Answer

Funding opportunities and regulatory environment have a significant impact on the level of entrepreneurship in a given country or region. When funding is readily available, entrepreneurs are more likely to start new ventures and pursue innovative ideas. Similarly, when the regulatory environment is favorable, businesses can operate more freely and with fewer restrictions, which can also encourage greater entrepreneurship. On the other hand, a lack of funding or restrictive regulations can discourage entrepreneurs from starting new businesses or pursuing new ventures.

Question 17

Accelerated globalization permits the distribution of diverse activities across borders.

Accepted Answer

Accelerated globalization has enabled companies and organizations to distribute their activities, functions, and operations across borders in order to take advantage of opportunities, resources, and efficiency gains available in different countries. This means that activities such as manufacturing, research and development, marketing, and customer support may be carried out in different locations around the world. This has led to increased competition, innovation, and integration of different markets and economies.

Question 18

MNEs, on their part, increasingly realize that entrepreneurial capabilities and opportunities reside not only in their home country and are pursuing those opportunities.

Accepted Answer

MNEs are realizing that entrepreneurship exists beyond their home country and are pursuing those opportunities.

Question 19

INVs benefit from international expansion in a number of ways. They are

Accepted Answer

INVs (international new ventures) benefit from international expansion in multiple ways. Firstly, they develop learning capabilities by being exposed to new markets, customers, and cultures. Secondly, they tap into various sources of innovation, such as new technologies and business models. Lastly, by expanding internationally, they gain access to different sets of comparative advantages in terms of cost, quality, and innovation. Therefore, the correct answer is D, all of the above.

Quiz 20: International Entrepreneurship