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Corporate Governan...
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Strategic Management: Strategic Managment
Gregory G. Dess, University of Texas at Dallas
G.T. Lumpkin, University of Illinois--Chicago

Effective Strategic Leadership: Fostering Corporate Entrepreneurship and New Venture Creation

Application Questions

Application Questions and Exercises

1. Select an entrepreneurial start-up. Research the company and discuss how it has positioned itself relative to its close competitors. Does it have a unique strategic advantage? Disadvantage? Explain.

2. Choose an entrepreneurial start-up that is competing with an established company. What advantages and disadvantages does the entrepreneurial firm have relative to the established firm? Do you think it will be successful in the long term? Explain.

3. Select a company that is listed on the Nasdaq or New York Stock Exchange. Research the extent to which the company has an entrepreneurial culture. Does the company use product champions? Does it have a corporate venture capital fund? Do you believe its entrepreneurial efforts are sufficient to generate sustainable advantages?

4. How can an established firm use an entrepreneurial orientation to enhance its overall strategic position? Provide examples.

Ethics Questions

1. Discuss the ethical implications of using "vaporware" to signal competitors and potential customers about software products that have not yet been released.

2. The prices of some foreign products that enter the United States are regulated to keep prices high and "dumping" laws have been established to prevent some foreign companies from selling below wholesale prices. Should price wars that drive small businesses or new entrants out of business be illegal?