Challenges in Corporate Entrepreneurship
20 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is one of the challenges in intrapreneurship highlighted in the text?

  • High incentives for taking risks
  • Established culture with routines that values stability (correct)
  • Bias for unproven information
  • Preference for small production volumes

    • According to the text, what is one way to tackle resistance to corporate entrepreneurship?

  • Avoid learning from small samples
  • Rely solely on financial measures to track progress
  • Exercise quick judgment on new initiatives
  • Use prototypes to test business models (correct)

    • What does the text recommend regarding judgment and decision-making in new-business creation?

  • Decide to pull the plug at the first sign of failure
  • Be clear on when to decide to pull the plug (correct)
  • Make quick judgments based on initial results
  • Suspend judgment indefinitely

    • What is the mindset that poses a challenge for intrapreneurship according to the text?

    <p>Exploitation mindset: focus on what is familiar and proven successful</p> Signup and view all the answers

    What does the text recommend companies to do in order to narrow the range of potential choices for corporate entrepreneurship?

    <p>Narrow the playing field using certain criteria</p> Signup and view all the answers

    According to the text, how can new ventures benefit from the involvement of 'mature turks'?

    <p>By challenging conventional thinking and leveraging existing strengths</p> Signup and view all the answers

    What is a common pathology related to holding tension at the top, as per the text?

    <p>Top leadership team avoiding tough choices by pushing conflict down</p> Signup and view all the answers

    What is a potential consequence of not having clear ownership of innovation at the top level?

    <p>Established businesses will starve innovation at lower levels</p> Signup and view all the answers

    What does the text recommend regarding the integration of new businesses with the established organization?

    <p>Force old and new businesses to share responsibility for critical choices</p> Signup and view all the answers

    What is a characteristic of successful top teams, according to the text?

    <p>Holding core and innovation units to different standards</p> Signup and view all the answers

    What is the primary focus of a business ecosystem?

    <p>The complementary nature of different organizations within the ecosystem</p> Signup and view all the answers

    How does a business ecosystem differ from a platform?

    <p>A platform is autarchy structured, while an ecosystem is hierarchy structured</p> Signup and view all the answers

    What is a strength of a business ecosystem, according to the text?

    <p>Flexibility in constantly reconfiguring activities and capabilities</p> Signup and view all the answers

    What is a weakness of managing a business ecosystem highlighted in the text?

    <p>Lack of clear ownership and decision-making authority</p> Signup and view all the answers

    What is the main goal of organizations within a business ecosystem?

    <p>To co-evolve their capabilities and roles to create additional value</p> Signup and view all the answers

    What is a key consideration for the lead firm in creating an ecosystem, according to the text?

    <p>Reducing transaction costs</p> Signup and view all the answers

    What is the significance of pinpointing the added value in an ecosystem, as mentioned in the text?

    <p>Recognition of incremental value from the ecosystem for end customers</p> Signup and view all the answers

    What is a characteristic of the optimum ecosystem structure, based on the text?

    <p>High malleability and somewhat tighter specifications on contribution and performance</p> Signup and view all the answers

    Why is it important for partners to see the prospect of building a profitable business in an ecosystem, as per the text?

    <p>To stimulate complimentary partner investments</p> Signup and view all the answers

    What is the role of the lead firm in capturing value within an ecosystem, according to the text?

    <p>Contribute a component or activity difficult to replace with a substitute offering</p> Signup and view all the answers

    Study Notes

    Intrapreneurship Challenges

    • One of the challenges in intrapreneurship is the "comfort zone mindset" which poses a challenge for corporate entrepreneurship.

    Overcoming Resistance

    • One way to tackle resistance to corporate entrepreneurship is to involve 'mature turks' in new ventures.

    Judgment and Decision-Making

    • In new-business creation, judgment and decision-making should be based on experimentation and learning from failure, rather than relying on elaborate business plans.

    Corporate Entrepreneurship

    • Companies should narrow the range of potential choices for corporate entrepreneurship by identifying a few high-potential areas and focusing resources on those.

    Integrating New Businesses

    • New businesses should be integrated with the established organization through clear ownership and decision-making processes.

    Characteristics of Successful Top Teams

    • Successful top teams have a mindset that is open to experimentation, learning from failure, and adaptation.

    Business Ecosystem

    • A business ecosystem focuses on creating value for all stakeholders, not just the lead firm.
    • A business ecosystem differs from a platform in that it is a collaborative network of organizations.

    Strengths and Weaknesses of Business Ecosystems

    • A strength of a business ecosystem is its ability to create value for all stakeholders.
    • A weakness of managing a business ecosystem is the difficulty in coordinating and aligning partners' interests.

    Goal of Organizations within a Business Ecosystem

    • The main goal of organizations within a business ecosystem is to create value for all stakeholders.

    Creating a Business Ecosystem

    • The key consideration for the lead firm in creating an ecosystem is to pinpoint the added value it brings to the ecosystem.
    • It is important for partners to see the prospect of building a profitable business in an ecosystem.

    Capturing Value in a Business Ecosystem

    • The lead firm's role is to capture value within an ecosystem by facilitating collaboration and creating value for all stakeholders.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    Explore the challenges faced in corporate entrepreneurship, including established culture, risk aversion, exploitation mindset, bias for predictive information, and preference for large production volumes. Also, discover strategies to tackle resistance to corporate entrepreneurship.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser