The Origin and Evolution of New Businesses PDF
By:Amar V. Bhide
Published on 2003-10-16 by Oxford University Press
What is this mysterious activity we call entrepreneurship? Does success require special traits and skills or just luck? Can large companies follow their example? What role does venture capital play? In a field dominated by anecdote and folklore, this landmark study integrates more than ten years of intensive research and modern theories of business and economics. The result is a comprehensive framework for understanding entrepreneurship that provides new and penetrating insights. Examining hundreds of successful ventures, the author finds that the typical business has humble, improvised origins. Well-planned start-ups, backed by substantial venture capital, are exceptional. Entrepreneurs like Bill Gates and Sam Walton initially pursue small, uncertain opportunities, without much capital, market research, or breakthrough technologies. Coping with ambiguity and surprises, face-to-face selling, and making do with second-tier employees is more important than foresight, deal-making, or recruiting top-notch teams. Transforming improvised start-ups into noteworthy enterprises requires a radical shift, from |opportunistic adaptation| in niche markets to the pursuit of ambitious strategies. This requires traits such as ambition and risk-taking that are initially unimportant. Mature corporations have to pursue entrepreneurial activity in a much more disciplined way. Companies like Intel and Merck focus their resources on large-scale initiatives that scrappy entrepreneurs cannot undertake. Their success requires carefully chosen bets, meticulous planning, and the smooth coordination of many employees rather than the talents of a driven few. This clearly and concisely written book is essential for anyone who wants to start a business, for the entrepreneur or executive who wants to grow a company, and for the scholar who wants to understand this crucial economic activity.
This Book was ranked at 30 by Google Books for keyword Business Money Human Resources novel.
Book ID of The Origin and Evolution of New Businesses's Books is NJ0t5SnmX1MC, Book which was written byAmar V. Bhidehave ETAG "1IgOcfPQKes"
Book which was published by Oxford University Press since 2003-10-16 have ISBNs, ISBN 13 Code is 9780198030102 and ISBN 10 Code is 019803010X
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Book which have "432 Pages" is Printed at BOOK under CategoryBusiness and Economics
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