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Strategic Management Creating Competitive Advantages Study Set 4

Business

Quiz 12 :

Managing Innovation and Fostering Entrepreneurship

Quiz 12 :

Managing Innovation and Fostering Entrepreneurship

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For an opportunity to be viable, it must be attractive, achievable, durable, and
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D

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Focus strategies are often associated with small businesses because there is a natural fit between the narrow scope of the strategy and the
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A

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Which of the following innovation dilemmas refers to the decision that companies must make in terms of who will lead the project?
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C

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The benefits of converting innovations into successful business ventures include
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Incremental innovations
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The key attribute that firms need to develop in their managers to improve their innovative potential is
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_____ produce fundamental changes that can transform a company or even revolutionize an industry; _____ enhance existing practices and often represent evolutionary applications of fundamental breakthroughs.
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_____ refers to efforts to create designs and applications of technology to develop new products; _____ refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.
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In corporations with a strong entrepreneurial culture, the willingness and ability to change
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All of the following are traits of an effective innovator, except:
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According to the text, in addition to financial resources, young firms often need the following resources, except:
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One of the key factors that makes it difficult for new ventures to be successful as differentiator is
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Which of the following is not one of the characteristics of good opportunities?
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Type of entry strategies include all of the following, except
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All of the following are questions that should be answered when evaluating the performance of corporate venturing efforts, except:
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Process innovation:
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_____ are often associated with a low-cost leader strategy, whereas, _____ are frequently an important aspect of a differentiation strategy.
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Which of the following innovation dilemmas refers to the decisions companies must make concerning the timing and scale of new innovation projects?
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The innovation dilemma known as seeds versus weeds refers to
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The innovation dilemma known as building capabilities versus collaborating refers to
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