Strategic Entrepreneurial Growth

Name: Strategic Entrepreneurial Growth
Price: 6.75 USD
Availability: InStock
ISBN: 9780030319365

ISBN-10: 0030319366

ISBN-13: 9780030319365

Edition: 2001

Authors: Donald F. Kuratko, Harold P. Welsch

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This text transforms the strategic process for entrepreneurs into a growth-oriented approach. It covers the challenge of entrepreneurial growth, strategic planning in emerging ventures and a discussion of entrepreneurial issues today.

Book details

Preface
Understanding the Entrepreneurial Challenge	p. 1
The Challenge of Entrepreneurial Leadership in Growing Organizations	p. 2
Strategic Leadership for Emerging Ventures	p. 2
The Revolutionary Impact of Entrepreneurial Firms	p. 3
Entrepreneurial Growth in the Economy	p. 3
The Age of the Gazelles	p. 5
Innovation	p. 6
Growth	p. 6
Effective Strategic Leadership in the New Millennium	p. 6
Exploring the Entrepreneurial Concepts	p. 8
The Entrepreneurial Library: Achieving and Maintaining Strategic Competitiveness in the 21st Century: The Role of Strategic Leadership	p. 8
Comprehensive Case Study: Splatterball Adventure Games, Inc.	p. 29
The Challenge of Entrepreneurial Growth	p. 39
Understanding the Entrepreneurial Organization	p. 39
The Entrepreneurial Mindset	p. 40
Building the Adaptive Firm	p. 41
Increase the Perception of Opportunity	p. 42
Institutionalize Change as the Venture's Goal	p. 42
Instill the Desire to Be Innovative	p. 42
Transition from an Entrepreneurial Style to a Managerial Approach	p. 42
Balancing Entrepreneurial and Managerial Styles	p. 43
Managing Paradox and Contradiction	p. 46
Growth and Decision Making	p. 47
Confronting the Growth Wall	p. 49
Exploring the Entrepreneurial Concepts	p. 50
The Entrepreneurial Library: Building an Adaptive Firm	p. 51
Comprehensive Case Study: Wal-Mart Stores, Inc.: Strategies for Continued Market Dominance	p. 61
The Ethical Challenge of Growing Enterprises	p. 77
Introduction	p. 77
Defining Ethics	p. 78
Ethics and Laws	p. 79
Managerial Rationalizations	p. 78
The Matter of Morality	p. 80
Economic Tradeoffs	p. 80
Ethics and Business Decisions	p. 81
The Complexity of Decisions	p. 82
The Challenge of Ethical Responsibility	p. 83
Approaches to Managerial Ethics	p. 84
Ethical Leadership by Entrepreneurs	p. 85
The Issue of Ethical Corporate Entrepreneurship	p. 87
The Entrepreneurial Library: Managing Ethics: Why "Hoping for the Best" Doesn't Work	p. 89
Comprehensive Case Study: The Playskool Travel-Lite Crib	p. 99
Strategic Issues for Emerging Ventures	p. 117
Opportunity Recognition: Developing Distinctive Competencies	p. 118
Introduction	p. 118
Sources of Business Ideas	p. 119
The Role of Creativity	p. 119
The Nature of the Creative Process	p. 120
Background or Knowledge Accumulation	p. 121
The Incubation Process	p. 121
The Idea Experience	p. 122
Evaluation and Implementation	p. 122
Acceptance of New Ideas	p. 123
The Winning Business Idea	p. 123
Product/Market Matrix	p. 124
Unexpected Events	p. 126
Incongruity between the Actual and the Possible	p. 126
Innovation Based on a Process Need	p. 127
Changes in Industry or Market Structure	p. 128
Demographic Changes	p. 129
Changes in Perception and Meaning	p. 130
New Knowledge Created by Research	p. 131
New Product Development Process	p. 131
Conclusion	p. 135
Exploring the Entrepreneurial Concepts	p. 137
The Entrepreneurial Library: From Initial Idea to Unique Advantage: The Entrepreneurial Challenge of Constructing a Resource Base	p. 137
Comprehensive Case Study: Fasten Your Seat Belts: Turbulence Ahead for Travel Agencies	p. 157
Assessment of Entrepreneurial Ventures	p. 166
New-Venture Assessment: Critical Factors	p. 166
Uniqueness	p. 168
Investment	p. 168
Sales Growth	p. 169
Product Availability	p. 169
Customer Availability	p. 170
The Environment for New Ventures	p. 170
Common Industry Characteristics	p. 170
Key Steps for Industry Analysis	p. 171
The Evaluation Process	p. 173
Ask the Right Questions	p. 173
Feasibility Criteria Approach	p. 174
Comprehensive Feasibility Approach	p. 175
Exploring the Entrepreneurial Concepts	p. 177
The Entrepreneurial Library: Perceived Risks and Choices in Entrepreneurs' New Venture Decisions	p. 178
Comprehensive Case Study: Colorado Creative Music	p. 195
Understanding Strategic Positioning	p. 210
The Nature of Planning in Emerging Firms	p. 210
Strategic Planning-The Key to Strategic Positioning	p. 211
Key Dimensions Influencing Strategic Planning Activities	p. 212
Demands on Strategic Managers' Time	p. 212
Decision-Making Speed	p. 213
Problems of Internal Politics	p. 213
Environmental Uncertainty	p. 213
The Entrepreneur's Vision	p. 213
The Lack of Strategic Planning	p. 214
The Value of Strategic Planning	p. 214
Fatal Visions in Strategic Planning	p. 216
Strategic Positioning: The Entrepreneurial Edge	p. 217
Exploring the Entrepreneurial Concepts	p. 217
The Entrepreneurial Library: Creating Wealth in Organizations: The Role of Strategic Leadership	p. 218
Comprehensive Case Study: American Family Housing, Inc.	p. 236
Business Plans for Growing Ventures	p. 247
Defining a Business Plan	p. 247
Benefits of a Business Plan	p. 248
Developing a Well-Conceived Business Plan	p. 250
Guidelines to Remember	p. 252
Keep the Plan Reasonably Short	p. 254
Appropriately Organize and Package the Plan	p. 254
Orient the Plan Toward the Future	p. 254
Avoid Exaggeration	p. 254
Highlight Critical Risks	p. 254
Present Evidence of an Effective Entrepreneurial Team	p. 254
Do Not Overdiversify	p. 255
Identify the Target Market	p. 255
Write the Plan in the Third Person	p. 255
Capture the Reader's Interest	p. 255
Exploring the Entrepreneurial Concepts	p. 255
The Entrepreneurial Library: How to Write a Great Business Plan	p. 255
Comprehensive Case Study: Grounded: Business Solutions for Today's Traveler	p. 265
Succession Planning and the Family Business	p. 306
Family-Owned Businesses	p. 307
Advantages and Disadvantages of a Family Business	p. 311
Intrafamily Conflict in the Family Firm	p. 312
Common Cultural Patterns in Family Firms	p. 312
Competitive Advantages of Family Firms	p. 314
Problems in Family Businesses	p. 316
The Succession Issue	p. 318
Failure to Plan for Succession	p. 318
The Next Generation	p. 320
Types of Plans and Their Determinants	p. 320
Succession Plan Elements	p. 322
External Succession Plans	p. 323
When to Look for Outside Managers	p. 323
Advantages of Outside Managers	p. 323
Pitfalls of Outside Managers	p. 324
Employee Stock Ownership Plans (ESOPs) Prescriptions	p. 324
Conclusion	p. 327
The Entrepreneurial Library: Strategic Goals and Practices of Innovative Family Businesses	p. 327
Comprehensive Case Study: The Crowne Inn: A Classic Case of a Family Business in Turmoil	p. 337
Growth Options for Strategic Impact	p. 351
Corporate Entrepreneurship: Developing Internal Innovation	p. 352
Entrepreneurial Thinking	p. 352
Defining the Concept	p. 354
Elements of a Corporate Intrapreneuring Strategy	p. 355
Developing the Vision	p. 355
Encouraging Innovation	p. 355
Forming Venture Teams	p. 358
Structuring for an Intrepreneurial Climate	p. 360
A Continuum of Intrapreneurial Activity	p. 361
Models of Corporate Entrepreneurship (Intrapreneurship)	p. 362
A Domain Model for Corporate Entrepreneurship	p. 362
A Conceptual Model of Firm Behavior	p. 363
An Organizational Model for Internally Developed Ventures	p. 363
An Interactive Model of the Intrapreneurial Process	p. 365
Exploring the Entrepreneurial Concepts	p. 365
The Entrepreneurial Library: Improving Firm Performance Through Entrepreneurial Actions: Acordia's Corporate Entrepreneurship Strategy	p. 367
Comprehensive Case Study: Independence Day: EDS Split-Off from General Motors	p. 384
Embracing Rapid Expansion: The Franchise Option	p. 396
The Franchising Choice	p. 396
Product or Service Franchise	p. 397
Business Franchise	p. 397
Conversion Franchising	p. 397
How Franchising Works	p. 398
The Growth of Franchising	p. 398
Advantages of Franchising	p. 401
Training and Guidance	p. 401
Brand-Name Appeal	p. 402
A Proven Track Record	p. 402
Financial Assistance	p. 402
The Decision: It's Up to the Investor	p. 403
Trends in Franchising	p. 403
Franchising Your Business	p. 404
The Uniform Franchise Offering Circular	p. 405
Exploring the Entrepreneurial Concepts	p. 406
The Entrepreneurial Library: Franchising and the Choice of Self-Employment	p. 406
Comprehensive Case Study, Rocky Mountain Chocolate Factory, Inc. (RMCF)	p. 424
The Challenge of Venture Capital for Growing Ventures	p. 436
Introduction	p. 436
Determining Capital Requirements	p. 437
Pro Forma Statements	p. 438
Conservative Projections	p. 438
The Defined Cushion	p. 439
Scenario Building	p. 439
Equity Financing	p. 439
Informal Investors	p. 440
Private Placement	p. 440
Public Stock: The IPO	p. 440
The Venture Capital Market	p. 441
Recent Developments in Venture Capital	p. 441
Venture Capitalist Objectives	p. 444
Evaluating the Venture Capitalist	p. 446
Dispelling Venture Capital Myths	p. 446
Informal Risk Capital-"Angel" Financing	p. 447
Types of Angel Investors	p. 448
The Entrepreneurial Library: The Influence of a Venture Capitalist's Source of Funds	p. 450
Comprehensive Case Study: Should I Buy the "Jerry's Famous Frozen Desserts" Chain?	p. 463
Index	p. 476
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