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    Entrepreneurial Decision Process: Change From Present Lifestyle

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    mamtakmr2
    The document discusses several aspects of entrepreneurship including: 1) The entrepreneurial decision process considers factors like a desire for change, cultural influences, and the feasibility of starting a new venture given support from government, market potential, and access to financing and role models. 2) There are different types of startups including lifestyle firms focused on modest growth, foundation companies backed by private investors, and high-potential ventures seeking public funding. 3) Entrepreneurship benefits the economy through innovation, starting with basic knowledge and progressing through iterative development to breakthrough innovations, and mechanisms for commercializing ideas include government programs, intrapreneurship within companies, and independent entrepreneurial ventures.

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    Entrepreneurial Decision Process: Change From Present Lifestyle

    Uploaded by

    mamtakmr2
    9 views10 pages
    The document discusses several aspects of entrepreneurship including: 1) The entrepreneurial decision process considers factors like a desire for change, cultural influences, and the feasibility of starting a new venture given support from government, market potential, and access to financing and role models. 2) There are different types of startups including lifestyle firms focused on modest growth, foundation companies backed by private investors, and high-potential ventures seeking public funding. 3) Entrepreneurship benefits the economy through innovation, starting with basic knowledge and progressing through iterative development to breakthrough innovations, and mechanisms for commercializing ideas include government programs, intrapreneurship within companies, and independent entrepreneurial ventures.

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    EDP Session 2

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    The document discusses several aspects of entrepreneurship including: 1) The entrepreneurial decision process considers factors like a desire for change, cultural influences, and the feasibility of starting a new venture given support from government, market potential, and access to financing and role models. 2) There are different types of startups including lifestyle firms focused on modest growth, foundation companies backed by private investors, and high-potential ventures seeking public funding. 3) Entrepreneurship benefits the economy through innovation, starting with basic knowledge and progressing through iterative development to breakthrough innovations, and mechanisms for commercializing ideas include government programs, intrapreneurship within companies, and independent entrepreneurial ventures.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    9 views10 pages

    Entrepreneurial Decision Process: Change From Present Lifestyle

    Uploaded by

    mamtakmr2
    The document discusses several aspects of entrepreneurship including: 1) The entrepreneurial decision process considers factors like a desire for change, cultural influences, and the feasibility of starting a new venture given support from government, market potential, and access to financing and role models. 2) There are different types of startups including lifestyle firms focused on modest growth, foundation companies backed by private investors, and high-potential ventures seeking public funding. 3) Entrepreneurship benefits the economy through innovation, starting with basic knowledge and progressing through iterative development to breakthrough innovations, and mechanisms for commercializing ideas include government programs, intrapreneurship within companies, and independent entrepreneurial ventures.

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    of 10

    ENTREPRENEURIAL DECISION PROCESS

    Change from Present Lifestyle


    Work

    environment Disruption

    Desirability of New Venture Formation


    Cultural
    Family Teachers Peers

    and Subculture

    ENTREPRENEURIAL DECISION PROCESS

    Possibility of New Venture Formation


    Government
    Capacity

    of the market Marketing Finance Role models

    TYPES OF STARTUPS

    Lifestyle Firms
    Modest

    growth
    investors

    Foundation Company
    Private

    High-potential Venture
    Public

    investors

    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

    Entrepreneurship
    Most

    common

    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. VIII.

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

    IX.

    ENTREPRENEURIAL EDUCATION
    Colleges Major skill sets

    Technical Business Personal

    MBA?

    FUTURE OF ENTREPRENEURSHIP

    Education
    Government Society Large

    companies

    THANK YOU

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