Subject Entrepreneurship

Segment Frameworks
Topic Introduction

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Table of Contents
1. Background
2. Reading
3. Segment Overview

1. Background
New enterprise development and entrepreneurship are among the most important
forces for economic, social and technological change in the world. However, creating
a new venture is often the culmination of the personal business aspirations for
millions of individuals. A recent study of Harvard MBA alumni indicated that over 70
percent of the members experienced an episode of entrepreneurship during their
careers.
The Global Entrepreneurship Monitor 2002 reported that more than 10 percent of all
adults in the US were either in business for themselves or actively involved in a
business start-up at the time of investigation.
In addition, several other Anglo-Saxon (Australia, Canada, Ireland and New
Zealand), Latin American (Chile, Argentina, Mexico and Brazil) and Asian countries
(China, Korea, India and Thailand) showed almost equally high or even higher levels
of entrepreneurship.
In most of Europe as well as in certain Asian countries or regions (Japan, Hong Kong
and Chinese Taipei), the reported levels of independent entrepreneurship are
markedly lower. However, including corporate entrepreneurship (CE), the proportion
of people who are at some time involved in entrepreneurial activities is still quite
high.
The map below summarises the findings of the Global Entrepreneurship 2002 by
highlighting the countries corresponding to the percentage of adults involved in
entrepreneurship therein. Click each percentage value to view the corresponding
countries.

Findings of the Global Entrepreneurship 2002

Let us explore the Global Entrepreneurship Monitor 2002 in detail.
The Global Entrepreneurship Monitor 2002 reported that more than 10 percent of all
adults in the United States were either in business for themselves or actively
involved in a business startup at the time of investigation. The report further
mentioned that in European countries, such as the United Kingdom, Netherlands,
Sweden, France, Portugal, Germany and Spain as well as certain Asian countries,
such as Japan, Hong Kong and Chinese Taipei, the reported levels of independent
entrepreneurship were markedly lower. Finally, Anglo Saxon countries, such as
Australia, Canada, Ireland and New Zealand, Latin American countries, such as Chile,
Argentina, Mexico and Brazil and Asian countries, such as China, Korea, India and
Thailand showed almost equally high or even higher levels of entrepreneurship as
compared to the United States.

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Subject Entrepreneurship
Segment Frameworks
Topic Introduction

The study indicates that international entrepreneurship is gaining significant

momentum. Therefore, you could be an entrepreneur, be involved with
entrepreneurship at some point in your career or be part of a new business
development team in a larger organisation.
Whether or not you be an entrepreneur, an understanding of entrepreneurship is
relevant to most areas of business. Therefore, you will create and write your
entrepreneurial resume as an assignment in this segment. This will prepare the
ground for you to begin to think of the skills, experiences and resources that you
bring to the new venture creation table.

2. Reading
Reading: Textbook and Other Readings
Required Textbook Readings:
You are required to read Chapter 1 of the textbook: Dollinger, Marc J.
Entrepreneurship: Strategies and Resources. 4th ed. Marsh Publications LLC, 2008:
 A Framework for Entrepreneurship
Reference Readings:
 The following chapters of the textbook: Dollinger, Marc J. Entrepreneurship:
Strategies and Resources. 4th ed. Marsh Publications LLC, 2008:
o Chapter 2, "Resources and Capabilities"
o Chapter 3, "The Environment for Entrepreneurship"
o Chapter 4, "Entrepreneurial Strategies"
o Chapter 9, "Creating the Organisation"
 Barrett, A., "Hot Growth Companies", BusinessWeek 3836 (9 June 2003): 74-
76
 Welles, E.O., "Virtual Realities", Inc. 15 no. 8 (August 1993): 50-57
 Fridman, M., "Alfa Group Chairman Builds Russian Benchmark", Infoprod (30
January 2002)
 Becky, G. "Don’t Write Off this Billionaires’ Boys Club", BusinessWeek 3707
(13 November 2000): 32
 Nulty, P. and de Llosa, P. "The National Business Hall of Fame", Fortune 125
no. 6 (23 March 1992): 112-119
 Aldrich, H.E. and M.A. Martinez, "Many are Called, but Few are Chosen: An
Evolutionary Perspective for the Study of Entrepreneurship"
Entrepreneurship: Theory and Practice 25 no.4 (Summer 2001): 41-56

3. Segment Overview
Segment, "Frameworks" discusses a framework for entrepreneurship. View the
presentation below for an overview of the segment.
In addition to the content described, each topic includes a self-assessment that will
help you check your understanding of the material.

Frameworks – Overview
Now, let us review a brief description of the topic contents.
This topic, Entrepreneurship and Your Future, begins this segment with an
update on some of the latest developments in the area of new technology and

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Subject Entrepreneurship
Segment Frameworks
Topic Introduction

entrepreneurial activity to reinforce the point that new business development is the
engine of change in the world.
This topic, What is Entrepreneurship?, defines entrepreneurship as a construct.
This topic also examines how the notion of entrepreneurs has changed considerably
over the past 20 years.
This topic, Where is Entrepreneurship?, explores how entrepreneurship has
become a worldwide phenomenon.
This topic, Dimensions of Entrepreneurship, is the key element of the segment
because it offers the model that shows how four critical forces interact to produce
entrepreneurial activity.
 The dimensions of the model are:
 The characteristics of the individual
 The structure of the broad economic environment
 The constraints in the environment
 The strategies that the organisation adopts

Objectives: Frameworks
Upon completion of this segment, you should be able to:
 explain why entrepreneurship is likely to affect you and your career
 distinguish between different forms of entrepreneurship and how it is
manifested around the world
 review the four different dimensions of the model for new venture creation
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