DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
IFRS questions are available at the end of this chapter.
Having an internal locus of control is a persons belief that he can influence his environment and will
be more likely to exploit an entrepreneurial opportunity than a person with an external locus of
control. Research also points to this fact, even across
a. If you want to be both independent and rich, you need to go after: _
b. In general the easiest businesses to start are: _
c. In general the easiest businesses to keep alive are:
d. In general the businesses that can make you rich are:
political/regulatory changes and socio-demographic changes (Schumpeter, 1947). Studies have shown
that novel forms of entrepreneurship increase national output, support job growth, and shift whole
industries into new technological frontiers (GEM, 2006). A
c. Marketing research service
g. Business professors
d. Commercial loan officer
B. Other sources of information include:
a. Chambers of Commerce
b. Better Business Bureau
d. Library business sections
e. online sources such as Findforms.com
c. National and
Allinson, C., Chell, E., & Hayes, J. (2000). Intuition and entrepreneurial behaviour. European
Journal of Work and Organizational Psychology, 9(1), 33-43.
Amit, R., Glosten, L., & et.al. (1993). Challenges to Theory Development in Entrepreneurship
Maria Ruiz has a degree in business, but at this point in her business career has decided to stay home with
her small children. Maria would like to start a small home-based business helping other small business
owners write business plans, and contract
If youre a very small company, which funding source are you more likely to use, venture capital or an
angel investor? Why?
What are microloans and what criteria are used to award microloans?
A Small Business Investment Company can help small b
agents to either abandon this business idea or to use the new knowledge in different ways to tweak the
idea and try again. Entrepreneurship can be discouraged if policies exist which severely restrict the
ability of a firm to close or restructure (OECD, 2
Contact: Marion Annau, Tel: 416-964-3933
ENTREPRENEURSHIP COURSE OUTLINE
Should You Become an Entrepreneur?
History of Entrepreneurs
Characteristics of Successful Entrepreneurs/Personal Profile
Business Opportunities and Goals
What Skills Do E
An entrepreneurial team is:
a group of people who work within a corporation to launch new products.
a group of experienced people who join together to develop and market a new
a group from the Small Business Administration which consu
Department of Planning and Development
No extensive empirical study on the sources of entrepreneurial opportunities included the individual,
the environment and the individuals start-up ac
Four reasons people become entrepreneurs are:
Five desirable attributes for entrepreneurs are:
d. Highly energetic
b. Self-nurturing e. Tolerant of uncertainty
Cohen, W., & Levinthal, D. (1990). Absorptive capacity: A new perspective on learning and
innovation. Administrative Science Quarterly, 35(1), 128-153.
Cooke, P., & Wills, D. (1999). Small firms, social capital and the enhancement of business
Skrt, B., & Antoncic, B. (2004). Strategic planning and small firm growth: An empirical
examination. Managing Global Transitions, 2(2), 107-122;
Sousa, C. M. P., Francisco Martnez-Lpez and Filipe Coelho (2008) The Determinants of Export
Performance: A R
Table 10: The Environmental Framework Affecting the Entrepreneurial Process
Bureaucracy & Corruption
Power Distance (PDI)
Uncertainty Avoidance (UAI)
Decreases the opportunities exploited by
Increases due to cooperation, trus
subjective determinants have in supporting SMEs activities towards successful growing paths on
the international markets.
1) International activity (internationalization methods, expansion strategies, international
planning, internationalization motivatio
Figure 5: Main fit indices of LISREL model
Degrees of Freedom = 180
Minimum Fit Function Chi-Square = 326.57 (P = 0.00)
Normal Theory Weighted Least Squares Chi-Square = 298.53 (P = 0.00)
Minimum Fit Function Value = 2.55
Root Mean Square Error of Approxi
offering tax breaks to businesses that make investments to create jobs.
16. Incubators are centers that offer new businesses low cost offices with basic business
services such as accounting, legal advice, and secretarial help. Incubators help companies
Acs, Z., Audretsch, D., & Evans, D. S. (1994). The determinants of variations in self employment
rates across countries and over time. (Mimeo).
Aldrich, H. E. (1999). Organizations Evolving. London: Sage Publications.
Aldrich, H. E., & Wiedermayer, G. (19
How can an accountant help in managing a small business?
What are five areas in which you may need assistance as a small business owner?
In what ways can a lawyer help a small business owner?
In what areas will a m
To examine the historical development of entrepreneurship
To explore and debunk the myths of entrepreneurship
To define and explore the major schools of entrepreneurial thought
To explain the process approaches to the study
c. Potential global business people do not understand cultural differences
d. The bureaucratic paperwork can be overwhelming
Small businesses have advantages over big businesses, because
a. Overseas buyers enjoy dealing with individuals rather than lar
Dhanaraj, C, & Beamish, P.W. (2003). A resource-based approach to the study of export
performance. Journal of Small Business Management, 41(3), 242-261;
Diamantopoulos, A. & Inglis, K. (1988), Identifying Differences Between High- and Low-
Learning Goal 4
A. Draw up a list of the types of consultants whose services you may need in starting and managing your
B. What other sources of information are available?
assumptions. In order to provide the fullest evidence of measurement efficacy, before testing the
complete model, it should be useful to test also each latent variable.
Subjective entrepreneurial characteristics (SOG) has been conceptualized as a second-o
Before frameworks can be discussed, definitions need to be in place. Therefore, this section begins by
defining the terms I most use: entrepreneurial opportunities, Schumpeterian (novel or innovative) and
Kirznerian (non-novel) entrepreneurship.