MNGT 4800 final Test Questions with Correct
Answers
An organization-wide reliance on innovation and entrepreneurship within established
firms is called
corporate entrepreneurship.
Organizations pursue innovation because it
is positively linked to improved firm performance.
In the sense used in the textbook, which of the following would be not classified as an
innovation?
increasing the efficiency of a manufacturing plant by running two shifts of workers
Dell's business model was based on a/an ____ innovation because it changed the means
of selling personal computers from store-front retailers to selling directly to customers
using the Internet.
process
George, an engineer who specializes in the fireproofing of buildings, has been laid off
from his job with a large commercial construction firm because the firm has switched to
an entirely new and better fireproofing process that makes George's knowledge and
experience outdated. George's fate is the result of the process of
creative destruction.
The destruction of businesses in New Orleans by Hurricane Katrina is a/an ____ for
some firms.
entrepreneurial opportunity
Answers
An organization-wide reliance on innovation and entrepreneurship within established
firms is called
corporate entrepreneurship.
Organizations pursue innovation because it
is positively linked to improved firm performance.
In the sense used in the textbook, which of the following would be not classified as an
innovation?
increasing the efficiency of a manufacturing plant by running two shifts of workers
Dell's business model was based on a/an ____ innovation because it changed the means
of selling personal computers from store-front retailers to selling directly to customers
using the Internet.
process
George, an engineer who specializes in the fireproofing of buildings, has been laid off
from his job with a large commercial construction firm because the firm has switched to
an entirely new and better fireproofing process that makes George's knowledge and
experience outdated. George's fate is the result of the process of
creative destruction.
The destruction of businesses in New Orleans by Hurricane Katrina is a/an ____ for
some firms.
entrepreneurial opportunity
