If the company’s workers have scant existing knowledge, their “absorptive capacity” to learn new knowledge will be limited

Corporate entrepreneurship describes the opportunity seeking and exploitation of innovations in new start-up enterprises

The level of entrepreneurial activity in a nation is __________ the nation’s level of economic productivity.

Criteria, such as percentage of repeat business and improvements in innovation ability, are part of the learning and growth perspective of the balanced scorecard

Financial controls provide feedback about outcomes achieved from past actions and predictions about future performance

The cooperative form is an M-form structure in which horizontal integration is used to bring about interdivisional cooperation

Ichabod Industries has a Latin American Division, a European Division, an Industrial Lubricants Division, and a Food Service Division. Ichabod Industries probably uses the __________ organizational structure.

A company with a need for immediate, large returns should invest in research and development

MTW MetalWorks plans to go public in the next two years. In order to be listed on the New York Stock Exchange, the firm will need to restructure its present board of directors, which is made up of a majority outside independent directors, to a board of directors that is dominated by insiders and related outsiders

The competitive form of the M-form structure is characterized by complete independence among the form’s divisions. Unlike the divisions included in the cooperative structure, divisions that are part of the competitive structure do not share common corporate strengths