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New
Venture Creation: Entrepreneurship for the 21st Century with PowerWeb and
New Business Mentor CD
by
J. Timmons, S. Spinelli
Covers the process of getting
a new venture started, growing the venture, successfully harvesting it
and starting again. Through text, case studies, and hands-on exercises,
the book guides students in discovering the concepts of entrepreneurship
and the competencies, skills, know-how and experience that are sufficient
to pursue different entrepreneurial opportunities. The authors recognize
that there is no substitute for actually starting a company, but believe
that it is possible to expose students to many of the vital issues and
immerse them in key learning experiences.
Execution:
The Discipline
of
Getting Things Done
by
Larry Bossidy, Ram Charan, Charles Burck
Execution is "the missing link
between aspirations and results," and as such, making it happen
is the business leader's most important job. |
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DEFINING
ENTREPRENEUR AND ENTREPRENEURSHIP
|
 Defining
Entrepreneur
Defining
Entrepreneurship
Entrepreneurship
Involves |
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DEFINING
ENTREPRENEUR
The
word entrepreneur is derived from the French word entreprendre, which means
to initiate or undertake. Entrepreneurs are skilled organizers of activities
who:
IDENTIFY
THE NEEDS FOR PRODUCTS OR SERVICES.
GENERATE
IDEAS ON HOW TO PROVIDE THE NEEDED PRODUCTS OR SERVICES.
EVALUATE
WHETHER ANY OF THE IDEAS PRESENT A VENTURE OPPORTUNITY.
EVALUATE
IDEAS AND OPPORTUNITIES FOR DEVELOPMENT OF A VENTURE.
DEVELOP
A PLAN OF ACTION.
IMPLEMENT
THE PLAN.
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DEFINING
ENTREPRENEURSHIP
An
entrepreneur is a person, while entrepreneurship is a process. Entrepreneurship
is:
A
creative process in which resources are organized and used in a venture
that satisfies
both personal needs or wants and the needs
or wants of others.
The
realization of an opportunity. The gathering of resources and the assumption
of risks in an attempt to make things happen in a creative venture.
The
mobilization of resources from one level of productive use to a higher
level of use.
A
creative human act.
The
creation and building of something of value from practically nothing.
The
process of creating or seizing an opportunity and pursuing it, regardless
of the resources currently controlled.
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ENTREPRENEURSHIP
INVOLVES:
Confidence
in an idea and a willingness to accept the hard work necessary for turning
the creativity of dreams into reality.
Seeing
opportunities presented by change that others have not had courage to act
on.
Taking
controllable risks rather than gambling or relying on sheer luck.
Costs
other than money; time, energy, reputation, emotional drains.
Reality
testing: recognizing realistic limits imposed by the economy or physical
resources available.
Knowing
and understanding customers and their needs.
A
basic understanding of business and products or services.
Keeping
and interpreting business records.
Careful
planing to reduce risks.
Knowing
the actions, strengths and weaknesses of competition.
Having
right location, and also right size and right price or lease rate for that
location.
Building
a team of people with complementary skills and talents.
Sensing
opportunities, while others see chaos, contradiction, and confusion.
Finding
and controlling resources (often owned by others) to pursue the opportunity.
Having
a vision and than having the passion, commitment, and motivation to transmit
this vision to others (employees, partners, financial partners, suppliers
and customers).
A
willingness to take responsibility and ability to put mind to a task and
see it through from inception to completion. |
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The
Portable MBA in Entrepreneurship, 3rd Edition by William D. Bygrave (Editor),
Andrew Zacharakis (Editor)
Rich in detail, providing small
business owners and would-be entrepreneurs the information they need to
make sound business decisions. Covers all aspects of the entrepreneurial
process, including planning a new enterprise, raising capital, marketing,
franchising, and dealing with legal & tax issues. |
Beyond
Entrepreneurship: Turning Your Business into an Enduring Great Company
-
by
J.C.Collins, W.C.Lazier
Provides entrepreneurs
with building blocks to help their companies play a leadership role in
their industries, sustain high performance, and remain great
for generations. Includes plenty of real-world examples drawn from Nike,
L. L. Bean, Wal-Mart, Federal Express, and other success stories. |
Going
Public: Everything You Need to Know to Take Your Company Public ...
Demystifies the process of "going
public," and objectively explains what a public offering is, benefit to
your company, and how it is conducted from start to finish. Learn about
traditional initial public offerings (IPOs), as well as the latest info
on Internet direct public offerings (DPOs), how to assess the potential
risks and alternatives to an IPO; what registration forms need to be filed,
when, and to whom... |
The
Entrepreneurial Mindset by Rita Gunther McGrath, Ian MacMillan
A Blueprint for Building Entrepreneurial
Organizations. It is a book about succeeding in an unpredictable world.
It will help everyone from independent entrepreneurs to managers of large
corporations develop insights that others overlook and act on them to build
the truly organized entrepreneurial organizations of the future. |
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