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Strategic_ Issues_in_Entrepreneurial_Ventures_and_Small_Businesses

Strategic_ Issues_in_Entrepreneurial_Ventures_and_Small_Businesses

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Strategic Issues in Entrepreneurial Ventures and Small Businesses
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Entrepreneurial Ventures & Small Businesses 99% of all businesses – 23 million small businesses 60% -80% new jobs annually
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Entrepreneurial Ventures & Small Businesses Small business firm – Independently owned & operated Not dominant in field Not engaged in innovative practices Employs fewer than 500 people and sales of less than $20 million annually
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Entrepreneurial Ventures & Small Businesses Entrepreneurial venture – Primary goals profitability and growth Characterized by innovative strategic practices
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Entrepreneurial Ventures & Small Businesses Differences – Not in types of goods and services but in Fundamental views on growth and innovation
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Entrepreneurial Ventures & Small Businesses Entrepreneur – Ultimate strategist All 3 levels Corporate Business Functional
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Entrepreneurial Ventures & Small Businesses Lack of strategic planning in small business –
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