Professional Documents
Culture Documents
Donald F. Kuratko
Chapter 1
The Revolutionary Impact of Entrepreneurship
Ho Man Kit, Raymond
LLB(Peking U) MA(CUHK) EdD
©
© 2009
2009 South-Western,
South-Western, aa part
part of
of Cengage
Cengage Learning.
Learning.
All
All rights
rights reserved.
reserved.
Chapter Objectives
1. To examine the historical development of
entrepreneurship
2. To explore and debunk the myths of entrepreneurship
3. To define and explore the major schools of
entrepreneurial thought
4. To explain the process approaches to the study of
entrepreneurship
5. To set forth a comprehensive definition of
entrepreneurship
6. To examine the Entrepreneurial Revolution taking place
today
7. To illustrate today’s entrepreneurial environment
Source: Robert C. Ronstadt, Entrepreneurship (Dover, MA: Lord Publishing Co., 1984), 39.
© 2009 South-Western, a part of Cengage Learning. All rights reserved. 1–19
Our Entrepreneurial Economy—
The Environment for Entrepreneurship
Source: NFIB Small Business Policy Guide (Washington, D.C., November 2000), 31.
© 2009 South-Western, a part of Cengage Learning. All rights reserved. 1–25
Survival of Gazelles
• How many gazelles survive?
The simple answer is “none.” Sooner or later, all
companies wither and die.
• The Common Myth of Failure:
85% of all firms fail in the first year—in actuality, about
half of all start-ups last between 5 and 7 years.
Venture
Financing
Corporate Social
Entrepreneurship Entrepreneurship
Trends in Women
Entrepreneurial
Entrepreneurship and Minority
Cognition
Research Entrepreneurs
Global
Entrepreneurial
Entrepreneurial
Education
Movement
Family
Businesses