Week 6 Chapter 5 Growing the Entrepreneurial Firm

Week 6 Chapter 5 Growing the Entrepreneurial Firm - Growing...

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Click to edit Master subtitle style Growing the Entrepreneurial Firm
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Entrepreneurship: Some Definitions Entrepreneurship - the identification and exploitation of previously unexplored opportunities Entrepreneurs - set of individuals who discover, evaluate, and exploit opportunities Not the exclusive domain of small, young firms, but also exists in large firms “intrapreneurship”
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Liability of Newness is one of the chief problems  facing new/entrepreneurial firms. No track record for product quality/reliability No track record as a reliable supplier/buyer No track record for successful loan repayment No track record for . . . etc. etc. etc. This translates into cautious potential business  partners and customers.
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A Model of International Entrepreneurship
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Institution-Based Considerations Informal institutions such as culture Individualism and Uncertainty Avoidance (Start a firm or not) Collectivism (extent of network importance)
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This note was uploaded on 06/18/2011 for the course MGT 795 taught by Professor Sapa during the Spring '11 term at Saint Joseph's University.

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Week 6 Chapter 5 Growing the Entrepreneurial Firm - Growing...

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