Which Variation of New Venture Teams Is Described as a Small

question 55

Multiple Choice

Which variation of new venture teams is described as a small separate, informal, highly autonomous, and often selective group that focuses on breakthrough ideas for the business?

• A) An idea champion
• B) A sponsor
• C) A new-venture team
• D) A skunkwork
• E) An inventor

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Definitions:

Cognitive Dissonance

A state of psychological conflict arising from holding conflicting beliefs or values, leading to feelings of discomfort and the motivation to achieve consonance.

Cognitive Dissonance Theory

A psychological theory that suggests that individuals experience discomfort (dissonance) arising from inconsistent attitudes, beliefs, or behaviors and are motivated to reduce this discomfort by changing their attitudes, beliefs, or actions.

Severe Initiations

The concept that undergoing difficult or intense initiation processes can increase individuals' valuation and commitment to a group.

Painful Initiations

Rituals or rites of passage that involve undergoing discomfort or pain as a means of gaining entry into a group or society.