ch13 - Chapter 13Strategic Entrepreneurship TRUE/FALSE 1...

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Chapter 13—Strategic Entrepreneurship TRUE/FALSE 1. Google’s culture encourages and supports continuous innovation. Therefore, Google does not have a business or corporate level strategy. ANS: F PTS: 1 DIF: Easy REF: 367-368 OBJ: 13-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Strategy | Dierdorff & Ru- bin: Strategic & systems skills 2. An organization engaging in strategic entrepreneurship simultaneously focuses on identifying oppor- tunities that it can exploit through innovations. ANS: T PTS: 1 DIF: Easy REF: 368 OBJ: 13-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Strategic & systems skills 3. Most large organizations innovate through cooperative strategies or strategic alliances rather than in- ternal activities. ANS: F PTS: 1 DIF: Medium REF: 369 OBJ: 13-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Managing strategy & innovation 4. Entrepreneurial opportunities exist because of competitive imperfections in the markets and among the factors of production. ANS: T PTS: 1 DIF: Medium REF: 369 OBJ: 13-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Strategic & systems skills 5. Regarding competition and markets, entrepreneurship’s primary focus is to capture most of the exist- ing markets from less aggressive and innovative competitors. ANS: F PTS: 1 DIF: Hard REF: 369 OBJ: 13-01 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing the task environment 6. Entrepreneurship is the economic engine driving national economic growth in many nations. ANS: T PTS: 1 DIF: Easy REF: 369 OBJ: 13-01 TYPE: knowledge NOT: AACSB: Business Knowledge & Analytical Skills | Management: Environmental Influence | Dierdorff & Rubin: Managing strategy & innovation 7. The ultimate goal of entrepreneurial innovation is to create wealth.
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ANS: T PTS: 1 DIF: Easy REF: 370 OBJ: 13-02 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Knowledge of general business functions 8. Entrepreneurial opportunities are conditions in which new goods or services can satisfy a need in the market. ANS: T PTS: 1 DIF: Easy REF: 370 OBJ: 13-02 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Strategic & systems skills 9. For entrepreneurial activities to take place, the firm must create a market which did not previously ex- ist. ANS: F PTS: 1 DIF: Easy REF: 370 OBJ: 13-02 TYPE: comprehension NOT: AACSB: Business Knowledge & Analytical Skills | Management: Creation of Value | Dierdorff & Rubin: Strategic & systems skills 10. Invention is defined as the adoption of innovation by a population of similar firms.
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