management

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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The strategic innovation Discovery team at Mobile Inc. embraced incremental changes to the business model but senior management were not ready to make the big strategic leap to a whole new way of doing business. We call this movement away from the current business strategy _____________________________.

a.

Discovery drift 

b.

Strategic Frontier

c.

Exploratory vectors

d.

Discovery leap

 

 

Which of the following are excuses provided by organizations as it relates to the problems experienced when managing the business toward the future?

a.

Ambidextrous organizations, Industry turbulence, Corporate myopia

b.

Corporate myopia, Industry turbulence, Future incompetence 

c.

Corporate myopia, Industry turbulence, Future competence 

d.

unpredictability, Industry turbulence, Future incompetence 

 

 

Based on the theoretical model proposed by Ardichvili, Cardozo and Ray, which of the following is NOT considered a major factor that influences the core process of opportunity recognition and development leading to business formation.

a.

Information asymmetry and prior knowledge

b.

Social Identity 

c.

Type of opportunity itself

d.

Entrepreneurial alertness

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