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Corporate Entrepreneurship Components and Challenges

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Corporate Entrepreneurship Components and Challenges

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Questions and Answers

What is a key component in establishing corporate entrepreneurship?

Product development

Opportunity identification (correct)

Sales and marketing

Human resources management

Which factor is NOT one of the considerations when setting up a new venture?

Search for employees

Leadership

Business model search

Employee satisfaction survey (correct)

What is a key challenge in corporate entrepreneurship according to the text?

Ensuring employee engagement

Managing office politics

Balancing work-life integration

Balancing operational experience with invention (correct)

In corporate venturing, what are the main goals for corporations engaging with start-ups?

Generating financial returns and gaining insights and influence (D) Signup and view all the answers

What is a distinguishing feature between Corporate Incubation and Startup Program (Platform) in terms of their main goals?

Their emphasis on product innovations vs. platform establishment (B) Signup and view all the answers

Why is corporate entrepreneurship considered necessary for companies according to the text?

To keep up with fast-changing waves of innovation (B) Signup and view all the answers

What kind of barriers to corporate entrepreneurship are mentioned in the text?

Economic, cognitive, social/psychological, and political barriers (C) Signup and view all the answers

What does the case of Enron illustrate about corporate entrepreneurship?

Autonomy is required but should be well-managed (A) Signup and view all the answers

In the context of new businesses and corporate entrepreneurship, what challenges are mentioned in the text?

Lack of hard data, unconventional thinking requirement, and poor fit with old systems (D) Signup and view all the answers

Which response approach is associated with diffused responsibility in the text?

All employees are responsible for new businesses (B) Signup and view all the answers

What is emphasized as a key aspect of balancing trial-and-error strategy and discipline in the context of corporate entrepreneurship?

Learning from small samples (D) Signup and view all the answers

What is highlighted as an essential action to balance new business' identity and integration?

Assigning corporate and operational sponsors (D) Signup and view all the answers