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Research on general market entry usually focuses on large enterprises. Often, however, small entrants can alter the competitive dynamics of an industry. This volume brings together the most prominent thought leaders and the best research on the asymmetric entrant-incumbent dynamics. The ideas presented offer a more nuanced perspective on how, when, where and with what consequences small, single-product firms enter markets that are dominated by large, multiproduct and multimarket incumbents. Large enterprises often enjoy a number of advantages that young, small ventures (as well as matured, but still small firms) lack. These differences manifest not only in how large and small firms operate and in their resource-capability mix, but also in how they compete and interact with each other. Research on general market entry and competitive dynamics is extensive yet it focuses on entrants and incumbents that are of similar profile - similar size, comparable asset mixes, related product strategies, and equivalent organizational capabilities. The unique contribution of this volume is its concentration on asymmetric entrant-incumbent dynamics. Scholars and students in entrepreneurship, strategy, international business and related fields will find this excellent collection of key published and original material illuminating.
Arianna Huffington is one of the world's most prominent business leaders in media. As co-founder and editor-in-chief of the Huffington Post, she built the first internet newspaper, which eclipsed the traffic of the New York Times and won a Pulitzer Prize. Creating a digital media empire from an investment of just over $1 million, she sold HuffPost to AOL in 2011 for more than $300 million. Today, HuffPost is the flagship publication for global telecommunications giant Verizon. Considered to be one of the most influential women on earth, Huffington went on to establish Thrive Global, a wellness and technology start-up that aims to end the stress and burn out epidemic.
This concise but richly detailed biography provides an overview of Huffington's life and career, chronicling her journey from Athens to London, New York, Washington and California, across seven decades. From her earliest days, Huffington faced overwhelming challenges to carve a bold path that brought her fame, power and wealth. This book reveals her personal insights, how her companies tick, and what lies ahead. Smart, insightful and often startling, this book shows readers how Huffington did it, transforming herself from an aspiring author to a serial entrepreneur and, ultimately, the reigning queen of media.
Practical advice for your personal journey, from a self-made billionaire Shikumi: An Entrepreneur's Secret System for Success is your personal handbook for achieving happiness by systematically turning your dreams into reality. Success looks different to everyone, but author Hiroshi Mikitani exemplifies its essential, universal qualities: as the founder and CEO of Rakuten, Mikitani is a self-made entrepreneur who became Japan's leader in the new global economy a journey that made him a billionaire. In this book, he shows you how to achieve your own version of success in work and in life. Paying homage to Japan's ethos of quality and discipline, this book shares 89 principles Mikitani has gathered over the course of his remarkable career. These thought-provoking, action-oriented rules show you everything from how useful your dreams are, to the best way to harness the internet, to what management techniques work to the importance of self-improvement. The result: your own powerful, personal playbook straight from the mind of an inspirational trailblazer. Mikitani guided Rakuten from its 1997 foundation to become one of the world's largest e-commerce platforms, with a still rapidly-expanding global footprint reaching industries including fintech, messaging, digital content, and even drones. This book describes the ideas, thoughts, actions, and philosophies that drove Mikitani to the top. * Discover the myriad ways in which the internet is fundamentally transforming the world * Learn from a blend of Japanese discipline and commitment to quality and the Silicon Valley approach to business, where collaboration and agility are essential and lucrative * Adopt data-driven management techniques that constantly question, constantly improve, and empower people to exceptional performance * Share in Mikitani's optimistic vision, and his industry-specific predictions Happiness is something you live every day. It is both the result and the critical ingredient of success, and there is plenty to go around. Shikumi gives you the principles you need on your own journey to success.
As we move further into the 21st century, increasing emphasis is being placed on the importance of technology transfer. Through new research and practices, scholars, practitioners and policymakers have made great strides in broadening our understanding and ability to implement technology transfer and commercialization processes. The fruit of that research is collected in this timely volume. Technology transfer is a dynamic area of study that examines traditional topics such as intellectual property management, the management of risk, market identification, the role of public and private labs, and the role of universities. This volume reflects on how government, business and academia influence technology transfer in different countries and how the infrastructure of a country enhances technology and contributes to each country's overall economy. Interpreting and adopting the processes of technology transfer and commercialization - or, building innovative ecosystems - is critical to seeing success in this digital age. Those leading the surge toward building innovative ecosystems for technology transfer are the fellows of the Institute for Innovation Creativity and Capital (IC2 Institute) at The University of Texas at Austin. Global in its scope of solving market economy problems, for this volume the Institute has focused its lens on accelerated knowledge-based development. Here, scholars from 13 countries come together to critique technology transfer from each of their respective nations. The results of their contributions lend innovative insight to exactly how different nations are working to maximize technology transfer and commercialization in uncertain times. Those with an interest in commercialization and technology transfer, from students to scholars, practitioners to policymakers, will find this important collection of great value.
This second edition of The Economics of Entrepreneurship is an essential resource for scholars following the current state of this fast-moving field, covering a broad range of topics in unparalleled depth. Designed to be used both as a textbook for specialist degree courses on the economics of entrepreneurship, and as a reference text for academic research in the field, the book draws on theoretical insights and recent empirical findings to show how economics can contribute to our understanding of entrepreneurship. New topics, such as crowdfunding, entrepreneurship education and microenterprise field experiments, appear for the first time, while existing treatments of topics like regional entrepreneurship, innovation and public policy are considerably deepened. Parker also discusses new empirical methods, including quasi-experimental methods and field experiments. Every section - indeed every page - of the new edition has been updated, resulting in a rigorous scientific account of entrepreneurship today.
With update-to-date reviews of the current research and literature on women's entrepreneurship, this is the first book of its kind to address entrepreneurial coaching for women as a development tool. The authors provide a theoretical, conceptual and applied perspective to explore the distinctive challenges facing this group, before discussing the implementations and outcomes of coaching programmes in an entrepreneurial setting. They conclude with strategies for future research and progress. Students and scholars of business management, entrepreneurship and gender studies will find the unique perspectives to be of interest. This book will also be useful as a tool for small business service providers, women entrepreneurs, policy makers and government officials.
Do you have a hobby you wish you could do all day? An obsession that keeps you up at night? Now is the perfect time to take those passions and make a living doing what you love. In Crush It! Why Now Is The Time To Cash In On Your Passion, Gary Vaynerchuk shows you how to use the power of the Internet to turn your real interests into real businesses. Gary spent years building his family business from a local wine shop into a national industry leader. Then one day he turned on a video camera, and by using the secrets revealed in this book, transformed his entire life and earning potential by building his personal brand. By the end of this book, any reader will have learned how to harness the power of the Internet to make their entrepreneurial dreams come true. Step by step, Crush It! is the ultimate driver's manual for modern business. Gary Vaynerchuk has captured attention with his pioneering, multi-faceted approach to personal branding and business. After primarily utilizing traditional advertising techniques to build his family's local retail wine business into a national industry leader, Gary rapidly leveraged social media tools such as Twitter and Facebook to promote Wine Library TV. Gary has always had an early-to-market approach, launching Wine Library's retail website in 1997 and Wine Library TV in February of 2006. His lessons on social media, passion, transparency, and reactionary business are not to be missed!
In the third volume of the Handbook of Research in Entrepreneurship Education leading international scholars explore the unique characteristics and rich variety of research in entrepreneurship education. They adopt several different perspectives, focusing on key issues and significant developments in the field. This important Handbook takes an international perspective on entrepreneurship education. The contributors highlight the contextual dimension of entrepreneurship education and training, and provide strong insights into how researchers and educators can learn from international practice diversity. The volume covers a wide variety of pedagogical objectives and settings in entrepreneurship education while providing a plurality of cultural and institutional points of view. Compelling and insightful, this book will prove to be of great interest to entrepreneurship researchers, academics and students wishing to understand the unique notions of entrepreneurship education and entrepreneurial learning. Executives in entrepreneurship supportive structures will also find this book an invaluable resource. The companion volumes, Handbook of Research in Entrepreneurship Education, Volume 1: A General Perspective and Handbook of Research in Entrepreneurship Education, Volume 2: Contextual Perspectives, study the current changes in entrepreneurship education at the paradigmatic, methodological and theoretical levels and present the importance of cultural, institutional, national and political contexts.
The most important step is taking the first one.The funny and talented Chip Gaines is well known to millions of people as a TV star, renovation expert, bestselling author, husband to Joanna, and father of 4 in Waco, Texas. But long before the world took notice, Chip was a serial entrepreneur who was always ready for the next challenge, even if it didn't quite work out as planned. Whether it was buying a neighborhood laundromat or talking a bank into a loan for some equipment to start a lawn-mowing service, Chip always knew that the most important thing was to take that first step.In Capital Gaines, we walk alongside him as he relives some of his craziest antics and the lessons learned along the way. His mentors taught him to never give up and his family showed him what it meant to always have a positive attitude despite your circumstances. Throw in a natural daredevil personality and a willingness to do (or eat!) just about anything, and you have the life and daily activity of Chip Gaines.Capital Gaines is the perfect book for anyone looking to succeed not only in business but more importantly in life.
Firm growth. This concept has interested researchers for generations. Economists have sought to predict and measure firm growth using a host of different variables, while strategic management scholars depict growth as the result of clever analyses and rational resource exploitation. Entrepreneurship scholars - ever engrossed by successful start-ups - have pondered why growth sometimes comes fast and sometimes never at all, while the field of business history has given countless examples of growing firms in a range of different settings. Yet despite research across fields, our knowledge of how growth in a firm actually comes about is limited and we still know little about the process. This book offers a new reading of economist Edith Penrose's The Theory of the Growth of the Firm. The bold statement is that although Penrose's work - across fields and generations - is amongst the most quoted on firm growth, the basic points of her work have yet to be realized and explored empirically. Essentially, growth is created by a dynamic interrelation between the firm's self-conception and its image of context. Based on these two subjective categories, the firm makes decisions and its actions lead it to develop along a particular path. To Penrose this is the basic engine that drives the growth and development of firms. This book discusses how the engine of firm growth can be captured in empirical analysis using interpretative theory and narrative methods inspired by recent streams of research in business history.
This book highlights the role of entrepreneurship, social capital and governance for regional economic development. In recent decades, many researchers have claimed that entrepreneurship is the most critical factor in sustaining regional economic growth. However, most entrepreneurship research is undertaken without considering the fundamental importance of the regional context. Other research has emphasized the role of social capital but there are substantial problems in empirically relating measures of social capital to regional economic development. The expert contributors to this work highlight the role of governance in regional growth, an area that has so far been relatively under-researched, underpinning their findings with new theoretical and empirical evidence. They conclude that the relationship between entrepreneurship, social capital and governance in factors affecting regional economic development are complex and interdependent, and that to influence these factors and the relationship between them, policymakers must have a long-term perspective and be both patient and persistent in their efforts. This enlightening book will be of great interest to academics, students and researchers across a range of fields including regional science, regional economics, economic geography, regional planning, public policy, entrepreneurship, political science and economic sociology. Policymakers involved in regional policymaking from national down to regional and local levels will also find the book to be an illuminating read.
The role of business in developing innovative responses to complex social and environmental problems is becoming increasingly urgent as a subject of study. A more proactive role for business is especially pertinent in Sub-Saharan Africa which, although plagued by conflict and poverty, shows signs of a brighter future as the world's second fastest-growing region. Yet there is very little research on this subject in Africa. This book seeks to contribute to the growing body of scholarly work on social and environmental innovation with the two-fold aim of studying the role of business in creating such innovation and focusing on the African context. The chapters and case studies within this book address the role of entrepreneurs, large companies, cross-sector collaboration initiatives, and academia and teachers in social and environmental innovation. Cutting across these sections are four themes: social innovation as a process and outcome; mapping and scaling up innovation; the tension between social purpose and profit generation; and socio-economic and institutional context.
The terms 'entrepreneur' and 'entrepreneurship' take on a very specific and somewhat narrow meaning with regard to the connection between entrepreneurship and technology policy. In the context of this volume, entrepreneurship is defined to refer to the innovative and risk taking activities that are specific to small firms. This authoritative volume is divided into four parts: Government's Direct Support of R&D, Government's Leveraging of R&D, Government's Infrastructure Policies, and Knowledge Flows from Universities and Laboratories. Most of the journal articles are relatively new, being published since the mid- to late-1990s, but these key articles represent what could become the cornerstone for all future research related to entrepreneurship and technology policy.
Franchising is one of the major engines of business expansion and job creation globally. The Handbook of Research on Franchising contains original work by leading franchise scholars from around the world who offer new insights into entrepreneurial behavior, organizational forms, regulation, internationalization and other contemporary issues relating to this dynamic business strategy. The book will provide readers with a base of knowledge about the entrepreneurial opportunities and behaviors of franchisors and franchisees as well as explore the forms that franchise organizations may take, the regulation of franchise companies, how franchisors and franchisees relate to one another, the development of the franchise model, franchising in emerging markets, social franchising and more. It introduces theory and sets the agenda for future research and adds to education and practice. Practitioners will benefit from the high quality scientific research, and scholars will find exciting opportunities for contributing to the body of knowledge on a subject that has not received sufficient attention. The research contained in this book will also be of value to franchisors, franchisees, service providers and government regulators.
Martin Fransman presents a new approach to understanding how innovation happens, who makes it happen, and the helps and hindrances. Looking at innovation in real-time under uncertainty, he develops the idea of an 'innovation ecosystem', i.e. a system of interrelated players and processes that jointly make innovation happen. Examples include: how companies like Amazon, Google, Facebook, Apple, AT&T, and Huawei interact in the ICT Ecosystem; four innovations that changed the world - the transistor, microprocessor, optical fibre, and the laser; the causes of the telecoms boom and bust of the early 1990s that influenced the Great Recession from 2007; and the usefulness of the idea of innovation ecosystems for Chinese policy makers. By delving into the complex determinants of innovation this book provides a deeper, more rigorous understanding of how it happens. It will appeal to economists, social scientists, business people, policy makers, and anyone interested in innovation and entrepreneurship.
The remarkable story of one gutsy contractor's determination to end poverty in Africa. Grant Smith is not a visionary or an enthusiastic missionary. He's a problem solver. When confronted with the desperate problems of poverty he witnessed in Africa, he did the only thing he knew how to do--business. Business that would provide jobs and pay people enough so that they would not have to rely on charity to send their kids to school, so that none would be forced to live in a tin shed without water, electricity, sewerage, or dignity, fighting off the threat of pneumonia every time it rained. His venture led to a great challenge: become the biggest house-builder in Kenya. Both humorous and realistic, Smith tells of his successes and failures with projects as diverse as growing oil crops, a road-building scheme, house building, and selling old gas pumps. With faith in God's provision--and a little bewilderment--Smith wrestles with difficulties that every entrepreneur knows too well: finding investment funding only to lose it again, acquiring trustworthy business partners, confronting bribery and bureaucracy, corruption and culture. He is not the biggest house-builder in Kenya (yet!), but Smith has stumbled on a near-miraculous way of unlocking long-term financial provision for local Christian charities. For those who dream of making a difference for communities affected by poverty, this story is inspiring and thought-provoking. It encourages readers to see how ordinary people have been created for a purpose and have the potential to facilitate miracles. The Accidental Social Entrepreneur is a real challenge to consider how we might use the gifts and resources we have been given by God to change lives.
The Handbook of Measures for International Entrepreneurship Research is a user-friendly collection of multi-item measures developed and used in the research of international entrepreneurship and important areas related to it: international business, entrepreneurship, marketing, strategy, and innovation. Editors Nicole Coviello and Helena Yli-Renko carefully compiled 212 scales from over 820 possible measures using rigorous selection criteria. The scales fall into eight distinct categories: * Individual-level influences * Firm and team-level influences * External environmental influences * Relationships, networks, and social capital * Organizational learning * Capabilities * Orientation and strategy * Performance and innovation outcomes For each scale, the book includes the following information to enable ease of use: summary, construct definition, description, source, development or adaptation procedures, sample, validity, scores, references, and scale items. This standout Handbook not only builds a compelling case for a more rigorous approach to research methods in international entrepreneurship research, but also explores the best practices in development, adaptation, use, and reporting of multi-item measures. Academic researchers in international entrepreneurship, international business, entrepreneurship, marketing, strategy, and/or innovation will find this reference tool a welcome addition to their survey research practices. Policy-makers conducting research in these areas will also appreciate this book.
International entrepreneurship as a field of study is not necessarily confined to the internationalisation phenomenon, and recently advanced definitions suggest significant scope for the development and establishment of, as yet, undetermined parameters. Emerging Paradigms in International Entrepreneurship identifies key themes that collectively demonstrate the convergence of thinking at the interface between the disciplines of international business and entrepreneurship. These are: * development of the field and the effects of international entrepreneurship on a new economy * conceptual and paradigmatic developments * international entrepreneurship and the internet as a developing research agenda * contacts links and networks as process driven internationalisation * cross-sectoral, cross-national and cross-cultural comparisons of entrepreneurship * the experiential emphasis in entrepreneurial internationalisation. Explaining the complexities of enterprise in an international and sometimes global environment, this book is distinguished by the cross-disciplinary nature of its contributors and their efforts to develop new paradigmatic approaches in an area characterised by theoretical diversity and convergence. Appealing to researchers, academics and policymakers working in international business - particularly the international growth and development of small firms - and for entrepreneurship and small firm scholars this book is a must-have. Lecturers and students on post-graduate programmes would also be interested in the book as a reader.
"If you care about anything in your life, your business, or your planet, read this book now." - Joe Polish, founder of Genius Network What do I need to do? This is almost always the question an entrepreneur or a business leader asks when creativity seems to have been lost. When you're stuck and the journals and books you've been reading and the masterminds and conventions and seminars you've been attending haven't led to any breakthroughs. When your notepads full of "proven best practices" should have brought you to the next level but haven't. But "What do I need to do?" is almost always the wrong question. In this paradigm-shifting work, serial entrepreneur Patrick Gentempo explains why the primary question you need to ask as a business leader is "Who should we be?" While it makes sense and may sound pretty easy, it's actually one of the hardest questions an entrepreneur can ask no matter the scale of business they are running. In Your Stand Is Your Brand, you'll find out how to ask and answer it for yourself as you learn about: - "Maximum Tension," the greatest barrier to entrepreneurial growth - The 5-P Expansion Sequence, a tried-and-true model tracking the steps from Philosophy to Prosperity - Digging into the soul of your business so it can find its transformative process for serious breakthroughs - How to face the fire and embrace creative destruction - And much more This is not your typical business success book, it is a source of inspiration that will keep you reading and winning in transformative ways that aren't available to you right now. So, let's begin the process to revolutionize your business and your life.
Accomplished inventor, visionary photographer, philanthropist, and successful businessman, Francis Blake (1850 1913) changed not only the way Americans communicated in the nineteenth century but also quite literally how they saw themselves. His major inventions, the telephone transmitter and innovations in high-speed photography, and his Weston, Massachusetts estate Keewaydin epitomized how a gifted individual of modest circumstances could create and re-create himself during America s Gilded Age.
The Blake telephone transmitter became the world standard, and anyone who spoke into Alexander Graham Bell's device in the last twenty years of the nineteenth century also encountered Blake s name, emblazoned on his transmitter. In addition, he invested an enormous amount of his energy, talent, and wealth in his home, originally designed by Charles Follen McKim, and its elaborate grounds. This self-contained compound, which included homes for his in-laws and his children and a complete water system, reflected Blake's passion for precision, beauty, and order. It became his major preoccupation, a place where he could exercise unchallenged mastery.Unfortunately, the fabulous Keewaydin estate did not endure, but thankfully Blake's photographic images remain. Blake's experimental camera work placed him in the forefront of the photographic world in the 1880s. His high-speed photographs remain unsurpassed for their clarity, crispness, and composition, and are as fresh today as when he first snapped them over a hundred years ago. Although little-known today, Blake helped revolutionize photography and transformed the role of the photograph in American society, marking him as a significant figure at the dawn of the twentieth century. His story is a compelling and fascinating chronicle of unbounded energy, independence, and genius.
More than half of all small businesses fail within the first five years. Starting and running a small business is hard work, and many entrepreneurs feel they must do whatever it takes to succeed, at the expense of their family, friends, and health. Yet, if done correctly, small-business ownership can-and should-balance profitable operations with personal fulfillment. According to author Tom Salonek-founder and CEO of Intertech, a Minnesota-based technology consulting and training firm-this balance is actually the secret to success. Salonek believes that your business should "give life, not take it," a philosophy that has helped him grow his own venture every year since its inception in 1991. In The 100, Salonek shares his secrets to business success in the form of 100 concise, nuts-and-bolts lessons for achieving the ideal work-life balance for maximum success. Written in clear, direct prose, these lessons are packed with actionable ideas and practical advice for using communication, collaboration, and technology to help small-business owners cultivate the best qualities not only in themselves, but in their employees as well. Whether you own your own business or are simply thinking of starting one, this book will help you inspire teamwork, meet client expectations, clarify your personal values, and create a company culture to match. In addition, readers will gain access to a plethora of downloadable online resources-checklists, worksheets, templates, and more-to help implement the book's ideas. The 100 is a handy, inspiring addition to any business manager's home library.
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