Question 1

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

Accepted Answer

In the current business environment, innovative thinking is indeed a major force within enterprises, driving growth, competitiveness, and adaptation to rapidly changing markets and technologies.

Question 2

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

Accepted Answer

False

Question 3

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

Accepted Answer

Intrapreneurship involves adopting entrepreneurial strategies within an existing organization, focusing on innovation, risk-taking, and the development of new products or services as if the department or team were an independent startup.

Question 4

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

Accepted Answer

Many corporations are often criticized for holding onto outdated notions of what constitutes a cooperative culture, failing to adapt to modern, more inclusive, and flexible approaches that encourage collaboration and innovation.

Question 5

The entrepreneurial/innovative process conforms to standard operating procedures.

Accepted Answer

The entrepreneurial/innovative process is often non-linear and unpredictable, relying on creativity, adaptation, and iteration rather than strict adherence 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.

Accepted Answer

In many established companies, departments can be protective of their "domain" and resistant to change, which can make it challenging for individuals trying to introduce new, innovative ideas. This resistance often stems from a fear of losing control, resources, or influence within the organization.

Question 7

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

Accepted Answer

The change process in organizations involves the dynamic and ongoing construction and reconstruction of various elements including people's roles, perceptions, organizational goals, and the needs that drive these changes. This process is not static but evolves as these elements interact and change over time.

Question 8

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

Accepted Answer

Creating a vision is essential as it sets the direction and goals for the innovation strategy, guiding the enterprise on what it aims to achieve through its innovation efforts.

Question 9

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

Accepted Answer

Organizational leadership plays a crucial role in fostering an environment that encourages innovation by setting a vision, providing resources, and creating a culture that values creativity and experimentation.

Question 10

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

Accepted Answer

Integrating entrepreneurial thinking into all aspects of an organization ensures that it can innovate, adapt, and remain competitive, which are key components of sustainability.

Question 11

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

Accepted Answer

Corporations can enhance innovation and success by creating new products, entering new markets, and developing new methods, all of which contribute to overall growth and competitiveness.

Question 12

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

Accepted Answer

Increased global competition has driven companies to innovate in order to maintain a competitive edge and adapt to rapidly changing market conditions.

Question 13

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

Accepted Answer

Increased global competition necessitates that business professionals stay informed and adapt to new technologies to remain competitive. This involves keeping up with vast amounts of information and technological advancements to innovate, improve efficiency, and make informed decisions.

Question 14

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

Accepted Answer

The answer of _____________ is a critical obstacle to challenge...

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.

Accepted Answer

Corporate entrepreneurship refers to the process where individuals or groups within an existing organization create new organizations or lead innovation and renewal efforts, blending entrepreneurial efforts with corporate resources and capabilities.

Question 16

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

Accepted Answer

The answer of What is a key element involved in...

Question 17

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

Accepted Answer

The Corporate Entrepreneurship Assessment Instrument (CEAI) was developed to provide a psychometrically sound instrument that measures key innovative climate factors within organizations.

Question 18

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

Accepted Answer

The answer of What is one of the five stable...

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.

Accepted Answer

Collective entrepreneurship refers to the process where individual skills and talents are integrated within a group, enhancing their collective capacity to innovate beyond what each could achieve individually.

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?

Accepted Answer

Entrepreneurial thinking must be integrated into various aspects of an organization to ensure that corporate innovation is sustainable, as emphasized by Morris, Kuratko, and Covin.

Quiz 2: The Process of Corporate Innovation