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Exam 13: Strategic Entrepreneurship

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Question 21

Multiple Choice

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The number of patents held by an organization is a rough guide to the

A) effective use of organizational politics.
B) future success of an initial public offering.
C) amount of venture capital a firm will be able to attract.
D) level of innovation in a firm.

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Question 22

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Cross-functional teams are useful in developing and commercializing new products because each team member brings his or her special competencies to the project. Each team member brings his/her point of view from his/his Experience and background. On the other hand,these team members.

A) independent frames of reference
B) entrepreneurial mind-sets
C) professional rivalries
D) politicized points of view

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Question 23

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Most large,complex firms innovate through cooperative strategies or strategic alliances,but not through internal activities.

Innovations that involve significant technological breakthroughs and create new knowledge

Internal corporate venturing does NOT involve

The entrepreneurial mind-set is found primarily among managerial and scientific employees.

______involves internally developed incremental and radical innovations that result from deliberate efforts.

The new abrasive,Cubitron II,was developed through cooperative relationships among 3M business units. As such,Cubitron II is an example of

Through the work of cross-functional teams,product development stages are grouped into processes.

In order to be successful,a new entrepreneurial enterprise should be sheltered from the global environment until it is firmly established in domestic markets.

Case Scenario 3: Bunnywac. Bunnywac is a global producer and seller of batteries for consumer electronics, and competes primarily by providing battery products equal in performance at a lower price. The worldwide battery industry suffers from issues of overcapacity and commoditization, brand segmentation and proliferation, the growing strength of global retailers, and the low-cost threat of new entrants from Asia. Bunnywac has grown quickly into one of the leading players in the battery industry primary through horizontal acquisitions, and is now counted among the top four companies in North and Latin America. Its presence in Europe and Latin America is negligible. A key factor in Bunnywac's rapid growth is its technology outsourcing arrangement with Mats. Mats is one of Japan's largest technology holding companies and Bunnywac's core battery technology is licensed from Mats. Bunnywac's license with Mats expires soon and it is concerned that Mats will not renew it, or will renew it only for a substantial price premium. Consequently, Bunnywac's CEO is exploring the possibility of developing its core technology in-house. -(Refer to Case Scenario 3). Does Bunnywac's development of its core battery technology better fit the notion of autonomous or induced strategic behavior?

The main risk in a strategic alliance is that

Panera Bread has innovated to improve the quality of its distribution system,to improve the quality of its bread dough,and to introduce new menu items. These are examples of

Discuss the potential benefits and disadvantages of innovation through cooperative strategies.

PracticalSolutions is a small firm providing employee assistance programs for companies with troubled employees. PracticalSolutions frequently partners with other consulting firms to provide creative solutions for companies with personnel problems. This history of partnering exemplifies

When used effectively,cross-functional teams will often bring about

Case Scenario 3: Bunnywac. Bunnywac is a global producer and seller of batteries for consumer electronics, and competes primarily by providing battery products equal in performance at a lower price. The worldwide battery industry suffers from issues of overcapacity and commoditization, brand segmentation and proliferation, the growing strength of global retailers, and the low-cost threat of new entrants from Asia. Bunnywac has grown quickly into one of the leading players in the battery industry primary through horizontal acquisitions, and is now counted among the top four companies in North and Latin America. Its presence in Europe and Latin America is negligible. A key factor in Bunnywac's rapid growth is its technology outsourcing arrangement with Mats. Mats is one of Japan's largest technology holding companies and Bunnywac's core battery technology is licensed from Mats. Bunnywac's license with Mats expires soon and it is concerned that Mats will not renew it, or will renew it only for a substantial price premium. Consequently, Bunnywac's CEO is exploring the possibility of developing its core technology in-house. -(Refer to Case Scenario 3). What aspects of Bunnywac's development of its core battery technology do not fit the notion of strategic behavior that you identified above?

A cross-functional product development team has been examining a proposed new product intensively for 6 months. The team has decided that although the product is unique and technologically advanced,the cost of production will exceed the price that the consumer would be willing to pay. At this point,the product development team should

The level of entrepreneurial activity in a nation is______the nation's level of economic development.

Case Scenario 3: Bunnywac. Bunnywac is a global producer and seller of batteries for consumer electronics, and competes primarily by providing battery products equal in performance at a lower price. The worldwide battery industry suffers from issues of overcapacity and commoditization, brand segmentation and proliferation, the growing strength of global retailers, and the low-cost threat of new entrants from Asia. Bunnywac has grown quickly into one of the leading players in the battery industry primary through horizontal acquisitions, and is now counted among the top four companies in North and Latin America. Its presence in Europe and Latin America is negligible. A key factor in Bunnywac's rapid growth is its technology outsourcing arrangement with Mats. Mats is one of Japan's largest technology holding companies and Bunnywac's core battery technology is licensed from Mats. Bunnywac's license with Mats expires soon and it is concerned that Mats will not renew it, or will renew it only for a substantial price premium. Consequently, Bunnywac's CEO is exploring the possibility of developing its core technology in-house. -(Refer to Case Scenario 3). How will Bunnywac's structure likely need to change if it does begin developing its core battery technologies in-house?