How is corporate venturing used as an aid to search for innovation opportunities? Explain the relationship of the organization’s strategic plan and vision statement to the corporate venturing methodology.

Question 1.
1. (TCO 1) List the four components that describe the entrepreneurial innovation model. Which component is the most critical to success? Defend your choice. (Points : 25)

Question 2.
2. (TCO 2) How is corporate venturing used as an aid to search for innovation opportunities? Explain the relationship of the organization’s strategic plan and vision statement to the corporate venturing methodology. (Points : 25)

Question 3.
3. (TCO 3) Compare and contrast assembly customization with design customization. Why are efforts to maintain barriers to existing or new competitors using assembly customization of limited effectiveness? (Points : 25)

Question 4.
4. (TCO 4) Analyze the statement, “The poor have no purchasing power and do not represent a viable market.” In addition, “The poor are hard to reach.” Why do you agree or disagree with each statement? (Points : 25)