Author: Amar V. Bhide
Edition:
Publisher: Oxford University Press, USA
Binding: Paperback
ISBN: 0195170318
Price:
You Save: 33%
The Origin and Evolution of New Businesses
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 Origin and Evolution of New Businesses review. 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 technologiesRead full reviews of The Origin and Evolution of New Businesses.
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Categories: Entrepreneurship, New business enterprises. Contributors: Amar V. Bhide - Author. Format: NOOK Book
New York New York USA: Oxford University Press 2000. "I cannot say enough about THE ORIGIN AND EVOLUTION OF NEW BUSINESSES. It is in my estimation the single most significant contribution to our understanding of entrepreneurship to date. It illuminates what lies at the very heart of capitalism itself-the process by which men and women transform human capital daring imagination resourcefulness into financial capital wealth. The only negative thing I have to say about this remarkable book is 'damn I wish I had written it myself'." George Gendron. This book has 412 pages and is illustrated. ISBN:
Examines successful business ventures to offer new insights into entrepreneurship, discussing how the typical successful business often has humble, improvised origins.
What is this mysterious activity we call entrepreneurship? Does success require special traits and skills or just Luck? Can large companies follow their example? This landmark study integrates more than ten years of intensive research and modern theories of business and economics.
The Origin and Evolution of New Businesses Reviews
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.
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