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CH 1 EPSHIP 27022024 085853pm
CH 1 EPSHIP 27022024 085853pm
Donald F. Kuratko
• Entrepreneurs
Focus their efforts on innovation, profitability and
sustainable growth
Entrepreneurship: A Mindset
• Entrepreneurship is more than the mere creation
of business:
Seeking opportunities
Taking risks beyond security
Having the tenacity to push an idea through to reality
Classical People who make innovations Decision making What are the
bearing risk and uncertainty Ability to see opportunities?
“Creative destruction” opportunities What is your vision?
Creativity How do you respond?
Management Creating value through Expertise What are your plans?
the recognition of business Technical knowledge What are your
opportunity, the management Technical plans capabilities?
of risk taking . . . through the What are your credentials?
communicative and
management skills to mobilize
...
Intrapreneurship Those who pull together Decision making How do you change and
to promote innovation adapt?
Micro View… (cont’d)
• The Strategic Formulation School of Thought
Emphasizes the planning process in successful venture
development.
• Ronstadt’s View
Strategic formulation is a leveraging of unique elements:
• Multidimensional Approach
Views entrepreneurship as a complex,
multidimensional framework that emphasizes the
individual, the environment, the organization, and the
venture process.
Figure
1.3 Entrepreneurial Assessment Approach
Our Entrepreneurial Economy—
The Environment for Entrepreneurship
• A “Gazelle”
A business establishment with at least 20% sales growth
in each year for five years, starting with a base of at least
$100,000 in annual sales.
Venture
Financing
Corporate Social
Entrepreneurship Entrepreneurship
Trends in Women
Entrepreneurial
Entrepreneurship and Minority
Cognition
Research Entrepreneurs
Global
Entrepreneurial
Entrepreneurial
Education
Movement
Family
Businesses
21st Century Trends in Entrepreneurship Research
• Entrepreneur