Chapter #2 - Chapter 2 The Unique Nature of The Unique...

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Unformatted text preview: Chapter 2 The Unique Nature of The Unique Nature of Corporate Entrepreneurship Corporate Entrepreneurship Copyright (c) 2007 by Donald F. Kuratko All rights reserved. E Dispelling the Myths: Entrepreneurs are born, not made Entrepreneurs are born, not made Entrepreneurs must be inventors Entrepreneurs must be inventors There is a standard profile or prototype There is a standard profile or prototype of the entrepreneur of the entrepreneur All you need is luck to be an All you need is luck to be an entrepreneur entrepreneur Entrepreneurs are extreme risk takers Entrepreneurs are extreme risk takers (gamblers) (gamblers) E Dispelling the Myths: Entrepreneurial people are academic Entrepreneurial people are academic and social misfits and social misfits All entrepreneurs need is money All entrepreneurs need is money Ignorance is bliss for entrepreneurs Ignorance is bliss for entrepreneurs Most entrepreneurial initiatives fail Most entrepreneurial initiatives fail Entrepreneurship is unstructured Entrepreneurship is unstructured and chaotic and chaotic E Entrepreneurial Realities: Understanding the Process This process consists of six stages: This process consists of six stages: Identifying the opportunity Identifying the opportunity Defining the business concept Defining the business concept Assessing the resource requirements Assessing the resource requirements Acquiring the necessary resources Acquiring the necessary resources Implementing and managing the concept Implementing and managing the concept Harvesting the venture Harvesting the venture E How Corporate Entrepreneurship Differs Entrepreneurship is the process of creating value Entrepreneurship is the process of creating value by bringing together a unique combination of by bringing together a unique combination of resources to exploit an opportunity. resources to exploit an opportunity. The context in which entrepreneurship is takes place is not defined....
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Chapter #2 - Chapter 2 The Unique Nature of The Unique...

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