Entrepreneurship: Theory, Process, Practice

✍ Scribed by Donald F. Kuratko

• Publisher: Cengage Learning
• Year: 2023
• Tongue: English
• Leaves: 498
• Edition: 12
• Category: Library

✦ Synopsis

Learn about the entrepreneurial mindset and the true process of a successful entrepreneur with Kuratko's ENTREPRENEURSHIP: THEORY, PROCESS, PRACTICE, 12th EDITION! Presenting the most current thinking in this explosive field, this renowned entrepreneurship text provides a practical, step-by-step approach that makes learning easy. It incorporates up-to-the-minute information about trending topics such as design innovation, the entrepreneurial mindset, entrepreneurial hustle, bootstrapping, and entrepreneurial coachability. The accompanying MindTap Learning Suite challenges you to apply what you've learned as you complete a unique set of activities designed to help you sharpen your entrepreneurial skills. You'll tackle activities that challenge you to experience the world of new venture creation or corporate innovation firsthand. This book will be your guide to understanding the entrepreneurial challenges of tomorrow, and MindTap will teach you the necessary skills to become a leader in the industry.

✦ Table of Contents

Cover
Brief Contents
Contents
Preface
About the Author
In Remembrance
Introduction
Part 1: Understanding the Impact of the Entrepreneurial Mindset
Chapter 1: Entrepreneurship: Evolutionary Development - Revolutionary Impact
1-1 Entrepreneurs - Breakthrough Innovators
1-2 Entrepreneurs: A Typology of Distinctive Journeys
1-3 Entrepreneurship: A Mindset
1-4 The Evolution of Entrepreneurship
1-5 Avoiding Folklore: The Myths of Entrepreneurship
1-6 Approaches to Entrepreneurship
1-7 The Entrepreneurial Revolution: A Global Phenomenon
1-8 Twenty-First-Century Trends in Entrepreneurship Research
1-9 The Future Trajectory of Entrepreneurship: The Entrepreneurial Mindset
1-10 Key Entrepreneurship Concepts
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 2: The Entrepreneurial Mindset in Individuals: Cognition, the Dark Side, and Ethics
2-1 The Entrepreneurial Mindset
2-2 Who Are Entrepreneurs
2-3 The Skills of Hustle and Coachability
2-4 Dealing with Failure
2-5 The Entrepreneurial Experience
2-6 The Dark Side of Entrepreneurship
2-7 Entrepreneurial Ethics
2-8 Ethical Dilemmas
2-9 Establishing a Strategy for an Ethical Venture
2-10 Ethical Considerations of Corporate Entrepreneurs
2-11 Ethical Leadership by Entrepreneurs
2-12 Entrepreneurial Motivation
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 3: The Entrepreneurial Mindset in Organizations: Corporate Entrepreneurship
3-1 The Entrepreneurial Mindset in Organizations
3-2 Corporate Innovation Philosophy
3-3 Corporate Entrepreneurship and Innovation
3-4 Corporate Entrepreneurship Strategy
3-5 Sustaining a Corporate Entrepreneurship Strategy
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 4: The Global Entrepreneurial Mindset: Social Entrepreneurship
4-1 Social Entrepreneurship
4-2 Social Enterprise and Sustainability
4-3 Shared Value and the Triple Bottom Line
4-4 Benefit Corporations: Promoting Sustainable Enterprises
4-5 Global Poverty and Entrepreneurship
4-6 The Global Marketplace
Summary
Key Terms
Review and Discussion Questions
Notes
Part 2: Initiating Entrepreneurial Ventures
Chapter 5: Innovation: The Creative Pursuit of Ideas
5-1 Opportunity Identification: The Search for New Ideas
5-2 Entrepreneurial Imagination and Creativity
5-3 Recognizing Relationships
5-4 A Creative Exercise
5-5 Arenas of Creativity
5-6 The Creative Climate
5-7 Innovation and the Entrepreneur
5-8 Principles of Innovation
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 6: Assessment of Entrepreneurial Opportunities
6-1 The Challenge of New-Venture Start-Ups
6-2 Pitfalls in Selecting New Ventures
6-3 Critical Factors for New-Venture Development
6-4 Developing an Effective Entrepreneurial Team
6-5 Why New Ventures Fail
6-6 The Traditional Venture Evaluation Processes
6-7 The Contemporary Methodologies for Venture Evaluation
6-8 The Challenge of New-Venture Legitimacy
Summary
Key Terms
Review and Discussion Questions
Notes
Appendix 6A: Feasibility Plan Outline
Chapter 7: Pathways to Entrepreneurial Ventures
7-1 Creating New Ventures
7-2 Acquiring an Established Entrepreneurial Venture
7-3 Franchising: The Hybrid
7-4 Incubators, Accelerators, and Entrepreneurial Ecosystems
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 8: Sources of Capital for Entrepreneurs
8-1 Bootstrapping
8-2 Debt versus Equity Financing
8-3 Commercial Loans
8-4 Equity Financing
8-5 The Rise of Special Purpose Acquisition Companies
8-6 Private Placements
8-7 Crowdfunding
8-8 The Venture Capital Market
8-9 Informal Risk Capital: Angel Financing
Summary
Key Terms
Review and Discussion Questions
Notes
Part 3: Developing the Entrepreneurial Plan
Chapter 9: Legal Challenges for Entrepreneurial Ventures
9-1 Intellectual Property Protection: Patents
9-2 Intellectual Property Protection: Copyrights
9-3 Intellectual Property Protection: Trademarks
9-4 Legal Forms for Entrepreneurial Ventures
9-5 Partnerships and Corporations: Specific Forms
9-6 Final Thoughts on Legal Forms
9-7 Bankruptcy
9-8 Minimizing Legal Expenses
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 10: Marketing Challenges for Entrepreneurial Ventures
10-1 The New Marketing Concept for Entrepreneurs
10-2 Marketing Research
10-3 Inhibitors to Marketing Research
10-4 Social Media Marketing
10-5 Entrepreneurial Tactics in Market Research
10-6 The Components of Effective Marketing
10-7 Developing a Marketing Plan
10-8 Pricing Strategies
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 11: Financial Preparation for Entrepreneurial Ventures
11-1 The Importance of Financial Information for Entrepreneurs
11-2 Understanding the Key Financial Statements
11-3 Preparing Financial Budgets
11-4 Pro Forma Statements
11-5 Capital Budgeting
11-6 Break-Even Analysis
11-7 Ratio Analysis
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 12: Developing an Effective Business Plan
12-1 Pitfalls to Avoid in the Venture Planning Process
12-2 Business Model Canvas: Initiating the Venture Formation Process
12-3 What Is a Business Plan?
12-4 Benefits of a Business Plan
12-5 Developing a Well-Conceived Business Plan
12-6 Elements of a Business Plan
12-7 Updating the Business Plan
12-8 Presentation of the Business Plan: The "Pitch"
Summary
Key Terms
Review and Discussion Questions
Notes
Appendix 12A: Hydraulic Wind Power LLC
Part 4: Growth Strategies for Entrepreneurial Ventures
Chapter 13: Strategic Entrepreneurial Growth: Scaling
13-1 Strategic Planning and Emerging Firms
13-2 The Nature of Strategic Planning
13-3 Managing Entrepreneurial Growth
13-4 Building an Entrepreneurial Company in the Twenty-First Century
13-5 Unique Managerial Concerns of Growing Ventures
13-6 Achieving Entrepreneurial Leadership for the Future
Summary
Key Terms
Review and Discussion Questions
Notes
Chapter 14: Valuation of Entrepreneurial Ventures
14-1 The Importance of Business Valuation
14-2 Underlying Issues When Acquiring a Venture
14-3 Due Diligence
14-4 Analyzing the Business
14-5 Establishing a Firm's Value
14-6 Term Sheets in Venture Valuation
14-7 Additional Factors in the Valuation Process
Summary
Key Terms
Review and Discussion Questions
Notes
Appendix 14A: Term Sheet
Chapter 15: Harvesting the Entrepreneurial Venture
15-1 Harvesting the Venture: A Focus on the Future
15-2 The Management Succession Strategy
15-3 Key Factors in Succession
15-4 Developing a Succession Strategy
15-5 The Exit Strategy: Liquidity Events
15-6 Complete Sale of the Venture
Summary
Key Terms
Review and Discussion Questions
Notes
Glossary
Name Index
Subject Index