This book places collective entrepreneurship at the center of
business strategy to provide a comprehensive discussion of the
institutions and policies that nurture entrepreneurship, not only
in start-up, but also in large, established corporations
(intrapreneurship). The authors show that entrepreneurship is the
only economic resource that can not be easily transferred across
corporate boundaries. It must be nurtured within business
institutions in ways that release the imagination, ingenuity, and
creativity of individuals and groups.
The authors look at the complementary roles of venture
capitalists and business incubators, the importance of the
Internet, job rotation and labor transfers, working teams,
cash-based bonuses, ESOPs and stock options, corporate spinoffs,
strategic acquisitions, corporate venturing, and strategic
alliances. The book also discusses an agenda for government in an
entrepreneurial economy, the creation of an entrepreneurship
regime, and various related topics, including bridging start-up
equity gaps. Corporate planners are provided with insights needed
to develop entrepreneurial groups both in and out of their
organizations. Independent entrepreneurs are given a succinct
summary of things they need to know, from securing start-up capital
to finding the money to grow established businesses. VCs, bankers,
and other types of funders will find this a concise survey and
evaluation, and a useful guide to give to their clients.
General
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