Peng_Chapter 9 - ENTREPRENEURSHIP small and medium-sized...

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Unformatted text preview: ENTREPRENEURSHIP small and medium-sized enterprises (SMEs) - generally defined in the US as firms with fewer than 500 employees entrepreneurship identification and exploitation of previously unexplored opportunities entrepreneurs - founders and owners of new businesses or managers of existing firms GROWING THE ENTREPRENEURIAL FIRM Growth - an entrepreneurial firm can be viewed as an attempt to more fully utilize currently underutilized resources and capabilities Innovation - heart of entrepreneurship and allows for a more sustainable basis for competitive advantage financing - start-ups need to raise capital; 4F sources of entrepreneurial financing: founders, family, and friends, and fools Microfinance Lending institutions provide tiny loans ($50$300) to entrepreneurs in developing countries that would lift them out of poverty FOCUS 9.3 CLOSING CASE: KIVA INTERNATIONALIZING...
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This note was uploaded on 02/21/2010 for the course IBUS 311 taught by Professor Chen during the Fall '08 term at Binghamton University.

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Peng_Chapter 9 - ENTREPRENEURSHIP small and medium-sized...

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