Innovation‚ entrepreneurship and economic growth Entrepreneurship and economic growth ´ Miguel-Angel Galindo Applied Economics‚ University of Castilla-La Mancha‚ Ciudad Real‚ Spain‚ and 501 ´ ´ Marıa-Teresa Mendez-Picazo Finance and Accounting‚ University Complutense of Madrid‚ Madrid‚ Spain Abstract Purpose – The main aim of this paper is to analyze the relationship between innovation and economic growth‚ following the Schumpeter approach‚ considering the entrepreneurship activity
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APPROACHES TO ENTREPRENEURSHIP MACRO VIEW a. Environmental School of Thought b. Financial/capital School of Thought c. Displacement School of Thought MICRO VIEW a. Entrepreneurial Trait School of Thought (People School) b. Venture opportunities School of Thought c. Strategic formulation School of Thought INTRAPRENEURSHIP i. Within an existing business ii. The development within a corporation of internal markets or autonomous or semi-autonomous business units that produce product‚ services
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Over the past decade‚ entrepreneurship has emerged as one of the most important forces in business and management study of the world economy (Meyer‚ G et al. 2000). Entrepreneurship has demonstrated that the definition of success is not only due to luck. There is no absolute definition of an “entrepreneur” as it depends on the perspectives and argues of people. Entrepreneurs have multiple characteristics but most numbers of them are common with successful businesspeople. Any individual that starts
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References: Beaver‚ G.‚ 2005. Competitive advantage and entrepreneurial power: The dark side of entrepreneurship. Journal of Small Business and Enterprise Development‚ 12(1)‚ pp. 9-23. Burgelmann‚ A.‚ 1983. Corporate Entrepreneurship and Strategic Management: Insights from a Process Study. Management Science‚ 29(12)‚ p. 1349. Burns‚ P.‚ 2007. Entrepreneurship and Small Business. 2nd ed. Hampshire: Palgrave Macmillan. Fayol‚ H.‚ 1949. General and Industrial Management. London:
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NIKE AND ITS APPROACH TO CORPORATE RESPONSIBILITY Nike is building a new approach to corporate responsibility (CR) that consider how it can harness the power of its business to influence social and environmental change‚ and the power of that change to help its business grow. Nike is made up of many smaller business units as well as functions‚ regions‚ distinct profit and loss centres and the like. As of 2006‚ its over acting goal was to see each and every business unit incorporating CR goals into
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References: Bridge‚ S.‚ O ’Neill‚ K.‚ and Cromie‚ S. (2004). Understanding enterprise‚ entrepreneurship & small business 2nd Ed Dollinger‚ M. (1999). Entrepreneurship – Strategies and Resources 2nd Ed. New Jersey: Prentice-Hall Grenholm‚ P.‚ Hansen‚ A.‚ Sahlman‚ A.‚ and Volkakis‚ N. (2004). What motivates entrepreneurs and can their motivation be influenced? Stockholm School of Entrepreneurship. Kickul‚ J.‚ and Zaper‚ J. (1998). Untying the knot: do personal and organisational determinants
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Course Name: Advanced Entrepreneurship Course Number: MNGT 4881‚ Advanced Entrepreneurship Semester: Fall‚ 2012/13 Instructors: prof. Dr. Jaka Vadnjal and Makedonka Dimitrova‚ PhD c. Credits: 4 credit hours/ 8 ECTS Contact hours: 60 hours Learning hours: 190 hours Required Text: 1. Barringer‚ Bruce R.‚ and Ireland‚ R. Duane. Entrepreneurship: Successfully Launching New Ventures. Pearson Prentice-Hall‚ 2010 Additional Readings: 1. Farso‚ Richard and Ralph Keyes. Whoever Makes
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measures‚ and review progress at every step. Peter Drucker‚ with the masterly subtlety that is his trademark‚ comes down somewhere in the middle. Yes‚ he writes in this article‚ innovation is real work‚ and it can and should be managed like any other corporate function. But that doesn’t mean it’s the same as other business activities. Indeed‚ innovation is the work of knowing rather than doing. Drucker argues that most innovative business ideas come from methodically analyzing seven areas of opportunity
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entrepreneurship What is entrepreneurship? Entrepreneurs – Risk-taking individuals who take actions to pursue opportunities and situations others may fail to recognize or may view as problems or threats. Entrepreneurship – Strategic thinking and risk-taking behavior that results in the creation of new opportunities for individuals and/or organizations. 2 What is entrepreneurship? Entrepreneurs are … – Founders of businesses that become large-scale enterprises. – People who introduce a new
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business. If you have innovative ideas for new strategies or processes that could help other departments‚ speak up about them. Often some of the best ideas come from people who are removed from a project who show initiative due to their outside perspective. Join a committee or board of directors at work. An organized group can be a great forum to let creativity flow‚ bounce ideas off other people and get inspired by other people’s ideas. Unlike the workplace as a whole‚ where people are assigned
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