Q&A Hero

Q: The process of taking good ideas and breaking them into manageable steps that can be accomplished and measured. A. Action planning B. Brainstorming C. Innovation development D. Activity planning

Q: What offers entrepreneurs an opportunity to self-evaluate the innovation plan as it is developed? A. Essential, additive, obstreperous B. Improvement plan appraisal C. Innovation plan assessment D. None of the above

Q: No admission of possible road blocks and no contingency or alternative plans is an indicator of what type of pitfall? A. No Commitment B. Failure to Anticipate Issues C. No Market Niche D. No Realistic Goals

Q: What section should provide background information about your industry, a general report of your innovative concept, and the specific mission that you are trying to achieve? A. Operations segment B. Description of the innovation C. Executive summary D. Harvest strategy

Q: According to the test, a successful innovation plan consist of how many components? A. 10 B. 5 C. 11 D. 7

Q: The written document that details the proposed innovation and its commercial potential as a venture. A. Innovative approach B. Development strategy C. Solution proposal D. Innovation plan

Q: What is one of the most important qualities an innovation must have for the purpose of the readers? A. Complete B. Methodized C. Powerful D. Comprehensive

Q: A process that allows ventures to stay on track through preparation, expectation, and dedication to the objective. A. Development B. Improvement C. Planning D. Organizing

Q: The Description of the Innovation is the most important section of your innovation plan because it has to convince the reader that the innovation will succeed True / False

Q: Entrepreneurs and innovators are often so in love with their ideas that they can't understand why everyone is not begging to help them put the idea into action. True / False

Q: The assessment tool can help you and your I- Team self-evaluate the innovation plan before it is submitted to senior executives. True / False

Q: The last step in innovation action planning is to identify a group who also has an interest in improving your workgroup. True / False

Q: A well done force field analysis will allow you to align the critical resources necessary for the success of the project. True / False

Q: The action planning and implementation phases of an innovation plan are often the most manageable. True / False

Q: There are ten components of an innovation plan. True / False

Q: Bankers stress the financial aspects of the plan and place little emphasis on market, innovator or other issues. True / False

Q: A comprehensive innovation plan is not necessary for existing organizations. True / False

Q: An effective innovation plan does not need to include a marketing plan. True / False

Q: What is one of the key steps in preparing for your business pitch? A. Refrain from using visual aids B. Do not stray from the outline C. Memorize your presentation D. Rehearse to get a feel for its length

Q: ____________ states what the product or service ultimately delivers to the consumer. A. Market conception B. Product concept C. Value proposition D. Price proposal

Q: Evidence that you have found the place of most potential will be based on ___________. A. Profitability B. Scalability C. Degree of innovativeness D. All of the above

Q: Summarizes and simplifies information by providing a clear representation of how the value proposition, benefits, customer outcomes, and features are in alignment is referred to as what? A. Customer mapping B. Client charting C. Consumer plotting D. None of the above

Q: When an n innovation is perceived as being consistent with the existing values, past experiences, and needs of potential adopters it is said to have _____________. A. Complexity B. Trialability C. Compatibility D. Advantage

Q: What is the first issue to address when beginning the survey process? A. The number of surveys necessary B. Identifying the survey audience C. Type of surveys to administer D. The content of the survey

Q: What is the first question you must answer in generating the business model? A. What is your marketing budget? B. What does your company sell? C. Who is your target market? D. Who will likely invest?

Q: What is one of the important elements you should include in your innovation plan or feasibility report? A. Projection of sales B. Viability analysis C. Marketing strategies D. Mission statement

Q: What type of analysis would you use if you may want to know the difference in willingness to purchase your product or service based on sex, income, location, etc.? A. Averages B. Content analyzing C. Frequencies D. Cross-tabulation

Q: What provides the evidence needed to support the potential rewards of innovation for the company and the customer? A. Merchandising B. Organization exploration C. Market research D. Production and distribution

Q: One of the most important factors executives and other stakeholders consider when deciding the extent of their involvement with a new project is your credibility True/ False

Q: A stakeholder does not have an affect on the way a company is run. True / False

Q: The customer mapping approach provides a way to build your brand and craft your marketing messages. True / False

Q: People will pay more for products and services when expectations are exceeded. True / False

Q: A memorized presentation will have an abundance of excitement, energy, and interest. True / False

Q: The first step in customer mapping is to describe the product or service idea you have. True / False

Q: It is not important to consider the locations needed for operations and sales in implementing the project. True / False

Q: A business model answers the question of how your idea will generate revenue streams for your organization. True / False

Q: In general, most market research surveys are not as effective when conducted in person near the site of the possible target market. True / False

Q: A critical component to establishing idea viability is market research. True / False

Q: _______________ is a common barrier in team implementation. Who concluded that "without innovation there is no corporate entrepreneurship regardless of the presence of these other dimensions? A. Absence of Professional Development B. Conflict with Teammates C. Lack of Direction D. Experience Level

Q: Critical elements of an effective decision making process include problem identification, creative brainstorming, action planning, implementation, and __________________. A. Evaluation B. Roadmap C. Deliberation D. Self-Assessment

Q: Two major aspects of communication to focus on for development include receptivity to feedback and ___________. A. Testimonial B. Concealment C. Acknowledgment D. Self-Disclosure

Q: A stable set of characteristics and tendencies that determine those commonalties and differences in the psychological behavior of people. A. Emotions B. Personality C. Temperament D. Morals

Q: The five stage development process occurs for every team but the pace of progression can vary based on the team members ________________. A. Inexperience B. Flexibility C. Interpersonal Skills D. Social Readiness

Q: A comparison of _______ innovation projects in _______ firms showed that multidisciplinary teams had a lower effect on performance of innovation projects in project-based firms than in other firms. A. 135, 96 B. 201, 78 C. 122, 83 D. 195, 67

Q: Which team has a long-term focus in order to effectively handle major projects or issues? A. Project B. Permanent C. Development D. Continual

Q: Which researches results indicated that innovative banks are managed by more educated teams who are diverse with respect to their functional areas of expertise? A. Covin and Kuratko B. Bantel and Jackson C. Lumpkin and Dess D. Covin and Miles

Q: _________________teams consist of team members from the same unit. A. Problem-solving B. Practical C. Cross-functional D. Functional

Q: A. Conflict Management B. Quality Measures C. Team Structure D. Follow-through

Q: Effective teamwork requires trust, effective communication, and viable conflict resolution. strategies. True / False

Q: Approximately 25-30 percent of workers do not want to be empowered through working on teams True / False

Q: Personality diversity amongst team members limits sharing of different perspectives. True / False

Q: Conflict is destructive if it leads to an innovative solution of a problem.

Q: Top management support is critical to team implementation during the forming and storming stages of development. True / False

Q: It is not necessary for organization to make investments in both technical and interpersonal training. True / False

Q: Researchers Michael Hyung-Jin Park, Jong Won Lim, and Philip Birnbaum-More revealed that the proportion of multiknowledge individuals has an indirect positive effect through information sharing on product innovativeness True / False

Q: Incremental innovations requiring process improvements would tend to be more cross-functionally. True / False

Q: Cross-functional teams are comprised of members from different functional units or departments to work on mutual problems. True / False

Q: Jobs and organizations should be designed around processes instead of functions. True / False

Q: Who concluded that "without innovation there is no corporate entrepreneurship regardless of the presence of these other dimensions? A. Lumpkin and Dess B. Busenitz C. Covin and Miles D. Covin and Kuratko

Q: Four of the key human resource practices that create a HPWS are performance management, __________________, compensation and incentives management, and policies and procedures administration. A. Knowledge Management B. Employee Empowerment C. Comprehension Management D. Training and Development

Q: _______________ require more substantial forms of incentives that are often more difficult to administer and tend to foster apprehension from top management A. Incremental Innovations B. Moderate Innovations C. Radical Innovations D. Leading-Edge Innovations

Q: The willingness of senior-level managers to facilitate and promote innovative behavior, including the championing of innovative ideas and providing the resources people require to take innovative actions. A. Senior Management Guidance B. Resource availability C. Executive-Level Support D. Top Management Support

Q: _______________ are useful in promoting innovative activity because they enhance the flow of information between the external environment and the organization and between departments/divisions within the organization. A. Adjustable Departmental Procedures B. Flexible Organizational Boundaries C. Adaptable Management Polices D. Innovative Structural Boundaries

Q: _____________refers to the extent to which one perceives that the organization tolerates failure, provides decision-making latitude and freedom from excessive oversight, and delegates authority and responsibility to lower level managers and workers. A. Work Discretion B. Organized Guidelines C. Job Direction D. Operational Instructions

Q: Which level of managers endorse, refine, and shepherd entrepreneurial opportunities and identify, acquire, and deploy resources needed to pursue those opportunities? A. Senior Level Managers B. Executives C. First Level Managers D. Middle Level Managers

Q: The result of effective organizational practices related to attending to the antecedents necessary to implement a CE strategy and practicing relevant HRM for innovation. A. Inventive Adaptation B. Entrepreneurial Orientation C. Traditional Acclamation D. Innovative Coordination

Q: _________________focuses on smaller process improvements and changes and radical innovation include major product or process changes or new product development A. Collective Transformation B. Increased Modernization C. Cumulative Entrepreneurship D. Incremental Innovation

Q: _______________ leads to an organizational entrepreneurial orientation causing increased proactiveness, risk taking, and innovative behaviors. A. Succession Planning B. Workforce Management C. High Performance Work Systems D. Human Resource Management

Q: Innovative actions are less likely to arise from scanning the external and internal environments than focusing attention more narrowly on efficiency. True / False

Q: Senior managers are better able to use time as a resource to generate innovative activities than are first-line managers. True / False

Q: Organizations who focus on policies that create freedom will limit innovative and entrepreneurial behavior. True / False

Q: Senior managers are more likely to use work discretion to generate innovative outcomes. True / False

Q: First-line managers are likely to be more cautious in how they choose to use top management support for their innovative activities. True / False

Q: At the middle level, managers act in concert with others throughout the firm to identify effective means through which new businesses can be created or existing ones reconfigured. True / False

Q: The Ireland, Covin, and Kuratko believe that human resource practices do not play a major role in the execution of an innovative strategy. True / False

Q: According to Lumpkin and Dess and entrepreneurial innovation can be defined as the willingness to support creativity and experimentation in introducing new products/services. True / False

Q: Human resource practices that impact creativity, innovation, and entrepreneurship are categorized as part of a high performance work system. True / False

Q: Corporate innovation occurs when the organization strives to exploit product-market opportunities through innovative and proactive behavior. True / False

Q: Who identified several actions large corporations can take to develop the right atmosphere for entrepreneurial behavior to flourish? A. Quinn (1985) B. Souder (1981) C. Miller (1983) D. None of the above

Q: What is one of the five steps for using the Corporate Entrepreneurship Assessment Instrument? A. Management scoring B. Entrepreneurial progression C. Characterizing the score D. Improving your innovative culture