Match the following. List-IList-II a. Bamoul (2002) I. Innovating firms are more profitable than the…
In entrepreneurship and innovation literature: William Baumol (2002, a) argued that in free-market capitalism, routinized innovation is a necessity for firm survival (IV);…
Choose your answer
Match the following.
| List-I | List-II |
|---|---|
| a. Bamoul (2002) | I. Innovating firms are more profitable than the non-innovators. |
| b. Geroski et.el. (1993) and Leiponen (2000) | II. Entrepreneur is a marriage broker between what is desirable from an economic point of view and what is profitable from technological point of view. |
| c. Timmons and Spinelli (2007) | III. Entrepreneurship is a way of thinking, reasoning and acting that is opportunity obsessed, holistic in approach and leadership balanced. |
| d. Burton Klein (1917) | IV. In free market economies, innovation is a necessity if a firm wants to survive. |
Answer and explanation
Correct answer A
In entrepreneurship and innovation literature: William Baumol (2002, a) argued that in free-market capitalism, routinized innovation is a necessity for firm survival (IV); Geroski et al. (1993) and Leiponen (2000, b) empirically demonstrated that innovating firms are persistently more profitable than non-innovators (I); Timmons and Spinelli (2007, c) defined entrepreneurship as an opportunity-obsessed, holistic, and leadership-balanced way of thinking and acting (III); and Burton Klein (d) described the entrepreneur as a marriage broker between economic desirability and technological profitability (II). Thus, a-IV, b-I, c-III, d-II is correct.
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