Entrepreneurship and business revision

Entrepreneurship and business revision - Schumpeters...

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Entrepreneurship and business revision The challenge of Entrepreneurship Education: Can be taught about Creative Problem Solving You can only learn it through experience Much of the knowledge is tacit not explicit Student engagement Practitioner involvement Integrative learning Complexity Entrepreneur = the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits/ a middleman or commercial intermediary The Debate: Risk takers - business people - resource administrators TOO GENERAL Risk takers - gap fillers - responsive TOO PASSIVE Pioneers - causing economic development TOO RESTRICTIVE Doom mongers: Population growth Technology International Co-operation for survival Climate change Defininitions: Joseph Schumpeter - Whatever the type, someone is an entrepreneur only when he actually carries out new combinations, and loses that character as soon as he has built up his business”
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Unformatted text preview: Schumpeters crucial distinction: Gradual change Discrete change The theory of economic development The crucial role of discrete rather than gradual change The central role of entrepreneurship Gradual Incremental Sustaining Innovation Discrete Discontinuous Disruptive Innovation Improvement v Transformation Gradual Change = Product or process improvement Closely connected with earlier versions May reflect market research and customer preferences May drive customer choice the latest, newest model A continuation of existing established technology and processes The easiest, most comfortable kind of innovation: Cars, pens, breakfast cereals, insurance policies, shoes, bags Comfortable for businesses and customers...
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This note was uploaded on 02/10/2012 for the course MGT 3360 taught by Professor Staff during the Spring '08 term at Texas State.

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Entrepreneurship and business revision - Schumpeters...

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