1. The three underlying dimensions of entrepreneurship are _____.

a. innovativeness, assertiveness, and proactiveness

b. innovativeness, risk-taking, and proactiveness

c. inventiveness, risk-taking, and proactiveness

d. innovativeness, risk-taking, and progressiveness

e. creativeness, optimism, and progressiveness 

2. The Nike slogan "Just do it" captures the essense of the meaning of _____.

a. implementation

b. proactiveness

c. responsibility

d. reactiveness

e. productivity

3. Ken Willingham, CEO of XYZ International, stated that a major goal of the company is to optimize Entrepreneurial Intensity by adopting, promoting, and expanding entrepreneurial orientation throughout the corporation as a long-term strategy to achieve a sustainable competitive advantage and to improve business performance. Which of the following is true?

a. Although research had shown that Entrepreneurial Intensity is likely to improve business performance there is little evidence that Entrepreneurial Intensity is likely to generate innovative products, services, and processes that are a source of competitive advantage.

b. Entrepreneurial Intensity is likely to generate innovative products, services, and processes that are a source of competitive advantage. However, there is little known about Entrepreneurial Intensity and any relationship to business performance.

c. There are many external and internal variables that effect Entrepreneurial Intensity. Consequently, there is little evidence to show entreprenerial linkage to product, services, and process inovation much less improved business performance.

d. The strategy to adopt an entreprenerial oriented is a strategic error. The failure rate of adopting an entrepreneurial orientation throughout an organization is extraordinarly high. The risks outweigh any advantage of possible improved business performance.

e. Entrepreneurial Intensity is likely to generate innovative products, services, and processes that are a source of competitive advantage. In addition, research had shown that Entrepreneurial Intensity is likely to improve business performance.

4. Innovation as a corporate activity is _____.

a. abundant and cheap

b. dependent on the number of entrepreneurs

c. a popular with mangement

d. often only utlized in response to competition

e. costly and unproductive


5. New business are created and owned by the corporation.

a. Outside corporate venturing

b. Internal corporate venturing

c. External corporate venturing

d. Cooperative corporate venturing

e. Strategic corporate venturing

6. According to the text, corporate entrepreneurship is manifested through two different forms: _____ and _____.

a. strategic entrepeneurship; corporate venturing

b. corporate venturing; strategic enterprise

c. strategic venturing, corporate entrepreneurship

d. external; internal

e. individual champion; venture team

7. Strategic renewal is a form of strategic entrepreneurship with a focus on _____.

a. organization structure, processes, and/or capabilities of the firm

b. the products offered by the firm or markets served

c. the strategy of the firm

d. business model of the firm

e. new competitive space


8. According to the text, companies that do not innovate _____

a. have no innovation-related risks and higher income-to-sales ratio

b. have lower manageable risks and lower income-to-sales ratio

c. face high manageable risks and high costs associated with high failure rates

d. have no innovation-related risks and higher new product streams

e. face higher risks of not perceiving market and technology shift capitalized on by competition

9. Domain redefinition is a form of strategic entrepreneurship with a focus on _____.

a. organization structure, processes, and/or capabilities of the firm

b. the products offered by the firm or markets served

c. the strategy of the firm

d. business model of the firm

e. new competitive space

10. Passive investments complement the strategy of the corporation by stimulating demand for the corporation's current products through the development of the larger ecosystem within which the corporation or its businesses operate. An example is Dell's investment in high-tech information technology.

a. True

b. False