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New+Venture+slides+day+1+upload - Introduction to...

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Professor Joshua Hernsberger The Paul Merage School of Business University of California, Irvine Introduction to Entrepreneurship
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What is Entrepreneurship? Entrepreneurship is the process by which individuals pursue opportunities without regard to resources they currently control. Venture Capitalist (Fred Wilson) Entrepreneurship is the art of turning an idea into a business. Explanation of What Entrepreneurs Do Entrepreneurs assemble and then integrate all the resources needed –the money, the people, the business model, the strategy—needed to transform an invention or an idea into a viable business.
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Interest in Entrepreneurship There is tremendous interest in entrepreneurship in the U.S. and around the world. According to the 2007 GEM study, 9.6% of Americans are actively engaged in starting a business or are the owner/manager of a business that is less than three years old.
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Interest in Entrepreneurship Young Entrepreneurs Interest among young people in entrepreneurial careers is growing. According to a Gallop study, 7 out of 10 high school students want to start their own business. Over 2,000 two-year and four-year colleges and universities offer entrepreneurship courses.
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Companies Corporate Entrepreneurship Is the conceptualization of entrepreneurship at the firm level. All firms fall along a conceptual continuum that ranges from highly conservative to highly entrepreneurial. The position of a firm on this continuum is
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New+Venture+slides+day+1+upload - Introduction to...

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