Quiz on Nurturing & Managing Innovation

What is a characteristic of an entrepreneurial firm?

• Engages in product market innovation

• Follows competitors closely

• Focuses only on local markets

• Avoids risky ventures

Which company is NOT mentioned as an example of an entrepreneurial firm?

• Google

• Apple

• Microsoft

• eBay

What is one micro factor for nurturing innovation?

• Employee stock options

• Green policies

• Changing demographics

• Cultural respect

What does '20% time' refer to in the context of innovation?

• Time spent on personal projects

• Time for mandatory training

• Time for performance reviews

• Time allocated for team meetings

Which of the following is an example of an internal policy for innovation?

• Changing demographics

• Establishing a code of ethics

• Maintaining good internal governance

• Providing funding for intrapreneurs

What is a macro factor that can impact innovation?

• Team-based rewards

• Private and public training agencies

• Innovation competitions

• Employee stock options

Which of the following is NOT a condition for effective innovation?

• Maintaining good internal governance

• Establishing a code of ethics

• Good teamwork

• Policy formation in vital areas

What impact does changing demographics have on business?

• Increases local and foreign-owned businesses

• Creates more foreign exchange

• Conservation and protection of resources

• Fosters cultural entrepreneurship

What is the purpose of innovation competitions like Facebook Hackathons?

• To reward employees with stock options

• To maintain good internal governance

• To encourage teamwork and creativity

• To provide funding for intrapreneurs

What is a benefit of establishing a code of ethics in innovation?

• Improves employee stock options

• Encourages market research

• Innovations that benefit society

• Increases funding opportunities