Professional Documents
Culture Documents
Introduction to
Entrepreneurship
Bruce R. Barringer
R. Duane Ireland
1-1
Chapter Objectives
1 of 2
• 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 referred to as its
entrepreneurial intensity.
Financial rewards
Women Entrepreneurs
• There were 8.6 million women-
owned businesses in 2013. In
addition, between 1997
and 2013, the number of women
who owned businesses increased
at a rate of one-and-a-half times
the national average.
•In 2007, there were 5.8 million •The number of seniors (those 50
minority-owned firms. years of age and older) starting
•Minorities represented 36 percent businesses is substantial and
of the U.S. population in 2010, and growing. According to the
will become the majority of the Kauffman Foundation and
population by 2042 LegalZoom study cited earlier in
the chapter, in 2012, 32.5 percent
of new businesses were started by
senior people.
©2010 Prentice Hall 1-20
Changing Demographics of Entrepreneurs
3 of 3
Young Entrepreneurs
• Innovation
– Is the process of creating something new, which is central
to the entrepreneurial process.
– Small firms are twice as innovative per employee as large
firms.
• Job Creation
– In the past two decades, economic activity has moved in
the direction of smaller entrepreneurial firms, which may
be due to their unique ability to innovate and focus on
specialized tasks.
Step 1 Step 2
Developing Successful Business Ideas
Step 3 Step 4