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Question
Compare and contrast the concepts of focused versus dispersed approaches to corporate entrepreneurship. Provide examples of each approach.
Answer
Answers will vary.
Related questions
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What are the five dilemmas that most firms face, when trying to determine the best way to manage the innovation process?
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One of the following is not a type of risk that executives must address. Which is it?
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On average, approximately what percentage of corporate ventures reaches profitability within six years?
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The three interrelated and principal activities of strategic management are: strategy analysis, strategy formulation, and strategy implementation.
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In contrast to the vision of an organization, its mission should:
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Examples of __________ include: To be the happiest place on earth (Disneyland), and Restoring patients to full life (Medtronic).
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The hierarchy of organizational goals is in this order (least specific to most specific):
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B. mission statements, strategic objectives, vision statements
C. vision statements, mission statements, strategic objectives
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Strategy formulation and implementation is a challenging ongoing process. To be effective, it should not involve:
A. the CEO and the board of directors
B. the board of directors, CEO, and CFO
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D. only allowed to serve one term of four years
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Objectives in organizations should be clear, stated, and known by employees throughout the organization.
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Strategic objectives should be measurable, specific, appropriate, and realistic, but not constrained by time deadlines.
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B. Develop managerial role models.
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A. Goals and objectives that are uncertain prevent opportunism.
B. Traditional strategic controls are usually inappropriate.
C. Complacency about predetermined milestones can prevent adaptability.
D. Detailed plans are needed to maintain order.