chap08 - Evenifyouareontherighttrack,youllgetrun...

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Technology Ventures : From Idea to Opportunity Chapter 8: Summary Even if you are on the right track, you’ll get run  over if you just sit there Will Rogers What forms do new businesses take and what are corporate ventures? The appropriate legal and organizational format used to organize a new venture will  vary according to several factors such as context, people, legal and tax  consequences, and cultural norms. New ventures can range from small businesses  or consulting services to high-growth, high-potential enterprises. Other organizations  start out operating in a niche market and grow into a broader one. An important  contrast to these independent ventures is the corporate new venture. It emerges  within larger existing enterprises and is granted autonomy so it can fulfill its promise. Summary
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Technology Ventures : From Idea to Opportunity Chapter 8: Organizational Forms Organizational Forms: Independent venture: new venture not owned or controlled by an established  corporation. Corporate venture: new venture started by an existing corporation. Nonprofit organization: Corporation, member association, or charitable organization  that provides a service but does not earn a profit, nor does it distribute dividends or  payments to its employees, donors, or volunteers. Today, these organizations are  often called not-for-profit.
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Technology Ventures : From Idea to Opportunity Chapter 8: Organizational Forms Organizational Forms (continued): Family-owned: includes two or more members of a family who hold control of the  firm. Franchise: legal arrangement in which the owner of a business format has  licensed it to an individual or local firm, called a franchisee. The franchisor is the  organization that owns and operates a firm that controls the business format and its  associated trademarks and logo. 
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Technology Ventures : From Idea to Opportunity Chapter 8: concept Imitation  or replication of a successful enterprise can lead  to success Examples: Wal-Mart Starbucks Williams-Sonoma
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Technology Ventures : From Idea to Opportunity
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chap08 - Evenifyouareontherighttrack,youllgetrun...

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