Entrepreneurship
The myth that entrepreneurs are born is true or false?
False, but genetics do explain some of the variation in entrepreneurial behavior.
Blank is the knowledge structures that people use to make assessments, judgments, or decisions involving opportunity evaluation, venture creation, and growth
Entrepreneurial Cognition
Blank wrote the chapter in our book that discusses corporate entrepreneurship.
Dr. K
Blank provides the basic rules or parameters for conducting any entrepreneurial activity in an “acceptable” manner.
Entrepreneurial Ethics
Jeff Bezos exemplifies an entrepreneur who is not afraid to fail but sees failure as an opportunity to
iterate, learn, gather feedback, test ideas
This is the process by which individuals pursue opportunities without regard to the resources they currently control
The entrepreneurial mindset is about avoiding failure in order to maximize profits for its shareholders (True or False)
False
The process of profitably creating innovation within an organizational setting.
Corporate Entrepreneurship
It’s not “really” illegal or immoral if I borrow some of the supplies from my venture can be described as
Rationalizations for engaging in questionable behavior
To eliminate waste from your processes is a form of what type of social entrepreneurship?
Sustainable entrepreneurship
This type of venture provides basic subsistence for the entrepreneur and their family.
Survival Venture
This important ability involves being flexible and open under conditions of uncertainty and it helps entrepreneurs self-regulate.
cognitive flexibility
Corporate entrepreneurship encompasses there two major phenomenon
corporate venturing and strategic entrepreneurship
When doing what’s legal clashes with what feels fair or right.
Ethical Dilemma
The triple bottom line model reframes entrepreneurship by integrating
People, profits, and planets as interdependent goals
According to Dr. Mmbaga’s lecture, which element most distinguishes entrepreneurial cognition from general business knowledge?
Entrepreneurial cognition focuses on how individuals identify and act on opportunities in uncertain environments.
If a entrepreneurs’ work demands and expectations exceed their abilities to perform because of his or her employees, he or she will likely experience (be specific)
Stress from people problems
Which structural barrier most undermines corporate innovation efforts?
Too many hierarchical levels, Top-down management, Lack of accountability for effective change
Tim, a manager at Facebook, embezzled money from his expense account, this represents what kind of morally questionable act and why
Nonrole because its against the firm and has nothing to do with his job role
An approach to creating economic value that also creates value for society by solving social problems and opening new markets.
Shared Value
Entrepreneurs who repeatedly test, refine, and adapt ideas based on market response demonstrate which trait?
Iterative learning orientation
After her startup fails, Jasmin keeps replaying what went wrong instead of planning her next move. She keeps wondering what she could have done differently, questioning her decisions, and feeling stuck on the disappointment. Which mindset best describes Jasmin’s current response to her business failure?
Loss Orientation
Which of the following are benefits of adopting an entrepreneurial philosophy inside a company?
1. Creates a workforce that can help the enterprise maintain its competitive position.
2. Leads to the development of new products and services and helps the organization expand and grow.
3. Promotes a climate conducive to high achievers
According to research on the “dark side” of entrepreneurship, which factor most threatens long-term founder sustainability? This is what led to Elizabeth Holmes downfall!
Ego-driven overcontrol and unrealistic optimism
You’re a manager in a large firm seeking to encourage innovation. What three actions from the Elements of CE Strategy would you implement to foster creativity without losing control?
Empower employees and give them autonomy in idea generation.
Provide structural and resource support
Create incentives through rewards and evaluations for creativity
Explain difference between risk-taking and strategic oversight