Nature & Importance of Entrepreneurs

History of Entrepreneurship

Earliest

Marco Polo

Middle Ages

Richard Cantinoon

18th Century 19th & 20th Century

Carnegie Innovator

History of Entrepreneurship

Today

Entrepreneurial Decision Process

Change from Present Lifestyle

Work environment Disruption Cultural Subcultural Family Teachers Peers

Desirability of New Venture Formation

Entrepreneurial Decision Process

Possibility of New Venture Formation

Government Background Marketing Finance Role models

Types of Startups

Lifestyle Firms

Modest growth Private investors Public investors

Foundation Company

High-potential Venture

Entrepreneurship & Economic Development

How does entrepreneurship help the economy? Product-evolution process

Basic knowledge Iterative synthesis Degrees of uniqueness

Ordinary innovation Technological innovation Breakthrough innovation

Entrepreneurship & Economic Development

Mechanisms for Commercialization

Government Intrapreneurship

Company systems
Most common

Entrepreneurship

Entrepreneurial Careers & Education

I. II.

Life-cycle approach
Education & Childhood work experience Childhood influences on personality, values, and interests Childhood family environment Employment history Adult development history

III. IV.

V.

Entrepreneurial Careers & Education

VI. VII.

Life-cycle approach
Adult family/ nonwork history Current work station Individuals Current Perspective Current family/ nonwork situation

VIII.
IX.

Entrepreneurial Education

Colleges Major skill sets

Technical Business Personal

MBA?

Ethics & Social Responsibility

Entrepreneurs & Ethics International Considerations Future of Entrepreneurship

Education Government Society Large companies