25EntHist[4]

25EntHist[4] - 1 Entrepreneurship: The State of the Notion...

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Unformatted text preview: 1 Entrepreneurship: The State of the Notion (and a few suggestions for aspiring contributors) Bob Desman Kennesaw State University COLES COLLEGE OF B U S I N E S S K E N N E S A W S T A T E U N I V E R S I T Y Entrepreneurship & Entrepreneurs The Status of the Field: 1) 25+ million Google hits (18% annual growth) 2) 14 dedicated academic journals 3) 100+ Entrepreneurship Centers in the U. S. 4) U.S. Business Schools a) 21.1% offer undergraduate majors b) 15.3 % offer MBA concentrations c) 1.5% offer specialized Masters Degrees HOT TOPIC Entrepreneurship & Entrepreneurs The AACSB Prediction: 1) Will become a distinct management discipline 2) Will become essential for any business education 3) Distinction between education and practice will become irrelevant. 4) Research will more significantly influence policy and economic development worldwide. 5) Will produce radically different faculty models at business schools around the world. The Reality: Neither term has a generally accepted definition Neither term has a generally accepted definition 2 100% Risk-Taker (explicit or implied) 75% Founder 53% Founder/Risk-Taker 23% Founder/Operator 23% Owner/Operator Entrepreneur Definitions (47 Dictionaries) Timeline 1430 1959 Year Definition of an Entrepreneur Misinterpretation 1430 One who undertakes 1755 Undertakes uncertain economic initiatives that promise handsome profits (Cantillon) New venture, unprecedented Beyond conventional behavior 1436 Venture = enterprise of a business nature 1803 Assembles borrowed factors of production for personal economic gain (Say) economic entity founder founding a terminal process 1911 (1950) Innovative economic maverick & non-conventional change maker-...
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25EntHist[4] - 1 Entrepreneurship: The State of the Notion...

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