Nature & Importance of Entrepreneurs

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Presentation transcript:

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 Desirability of New Venture Formation Cultural Subcultural Family Teachers Peers

Entrepreneurial Decision Process Possibility of New Venture Formation Government Background Marketing Finance Role models

Types of Startups Lifestyle Firms Foundation Company Modest growth Foundation Company Private investors 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 Life-cycle approach Education & Childhood work experience Childhood influences on personality, values, and interests Childhood family environment Employment history Adult development history

Entrepreneurial Careers & Education Life-cycle approach Adult family/ nonwork history Current work station Individual’s Current Perspective Current family/ nonwork situation

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

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