Professional Documents
Culture Documents
Chapter
1-2
Development of Entrepreneurship
Earliest Period- Marco Polo Middle Ages- Theater, Architectural Works 17th Century- Mississippi Company 18th Century- Edison & Whitney 19th & 20th Centuries
Organize/Operate Innovation
1-3 McGraw-Hill 2004 The McGraw-Hill Companies, Inc. All rights reserved.
Economies
Market-Oriented
UNITED STATES
Controlled
CUBA
Market Conditions
Innovation Orientation
Investment Community
Entrepreneurship Culture
1-5
Market Conditions
Large Market Easy To Form Company Positive Tax Structure Positive Media Coverage Code of Business/Contract Law Strong Govt Agencies- No Corruption Standard-Setting Associations Individual Investment Mentality
1-6
Investment Community
Banks
Venture Capitalists
Informal/Informed Private Investors (Angels)
1-8
Entrepreneurship Culture
More New Ventures Than Anywhere In The World Concentrated Areas
1-9
Successful Entrepreneur
Initiates Creation Process Devotes Time/Effort Assumes Risk Receives Rewards
Independence Satisfaction Money
1-10
Entrepreneurial Decision
Present Lifestyle Catalyst New Enterprise
Desirable Possible
1-11
Possibility Factors
Government Background Marketing Role Models Finances
1-12
Types of Startups
Lifestyle
Innovation
Technological Breakthrough Government
Technology Transfer
Product Evolution
Need Recognition
Industrial
Initiate Innovation
Development
Press To Invent
1-15
Careers/Education
Life Space
Work/Occupation Individual/Personal Nonwork/family
Skills Required
Technical Business Management Personal
1-16
Business Management
Planning
Decision Making Human Relations Marketing (Selling)
Personal
Inner Control
Risk Taking Innovative
Use Technology
ChangeOriented Visionary
1-17
Future
Entrepreneurial Education
Government- Promotion
Societys Support Corporate Intrapreneurship
1-19
Entrepreneurial Universities
Activities
Seminars Consulting Research Case Development Technology Development
Structures
Business Assistance Centers Incubators Innovation Centers Industrial Parks Enterprise Development Centers Venture Capital Exchanges
Inputs
Guest Lectures Board of Advisors/Trustees Internships Student Projects Source of Funds
1-20
& Transfer
Joint Ventures & Strategic Alliances