Does en rollment in entrepren eurship classes actually impact venture creation? Our findings indicate that entrep reneurship classes have not only had a statistically significant impact on new venture creation, but are also significant in ch anging a student's mindset to favor entrepreneu rship. Using an Instrumental Variable Pro bit model and data collected from a large sample (1,520) of Corn ell University graduates, this paper finds that entrepreneurship classes have positively impacted venture creation, with venture creation being positively correlated with being "rich." The i mpact o f the entrepreneu rship program was observed campus-wide and across majors. Quantifying the imp act of entrepreneurs hip classes justifies the existence of entrepreneu rship education, and provides evidence fo r the continuation of such cu rricula at U.S. colleges and universities. Additionally, the paper highlights some of the issues facing academia as entrepreneu rship education becomes mo re popular.
Does en rollment in entrepren eurship classes actually impact venture creation?
New venture management requires all the skills obtained within the typical MBA program, and then some. While those entering traditional management positions within established companies might expect to find established customers, a degree of predictability, formalized procedures, and earnings that may be taken more-or-less for granted, new ventures often are launched into highly dynamic environments characterized by rapid technological change, inherent unpredictability, and an uncertain cash flow. Such ventures often require rapid growth to succeed. While new ventures offer those who initiate them a high degree of independence, excitement, and potential for great reward, they also bring high risk, stress, and greater potential for failure. Thus, it takes a special set of skills, techniques, and temperament to succeed. These skills, along with the potential risks and rewards and environmental settings and characteristics, are explored in the Encyclopedia of New Venture Management. Features & Benefits: 150 carefully selected signed entries (each with Cross References and Further Readings) are organized in A-to-Z fashion to give students easy access to the full range of topics in new venture management. A thematic Reader's Guide in the front matter groups related entries by broad topical and thematic areas to make it easy for users to find related entries at a glance, with themes that include "Entrepreneurial Decision Making," "Corporate Entrepreneurship," "Entrepreneurial Marketing," "Leadership & Human Resources," "Financing & Development," and more. In the electronic version, the Reader's Guide combines with a detailed Index and the Cross References to provide users with robust search-and-browse capacities. A Chronology in the back matter helps students put individual events into broader historical context. A Glossary provides students with concise definitions to key terms in the field. A Resource Guide to classic books, journals, and web sites (along with the Further Readings accompanying each entry) helps guide students to further resources for their research journeys. An appendix includes the report, "The State of Small Business."
CREATION. In socioeconomic terms, any activity that provides opportunities for
people to be engaged in incomegenerating occupations—either from new
venture creation or from an already established business—is referred to as job
creation.
In the last years of the millennium, bestselling author Michael Lewis sets out to find the world's most important technology entrepreneur, the man who embodies the spirit of the coming age. He finds him in Jim Clark, the billionaire who founded Netscape and Silicon Graphics and who now aims to turn the healthcare industry on its head with his new billion-dollar project. Lewis accompanies Clark on the maiden voyage of his vast yacht and, on the sometimes hazardous journey, takes the reader on the ride of a lifetime through a landscape of geeks and billionaires. Through every brilliant anecdote and funny character sketch, Michael Lewis allows us an inside look at the world of the super-rich, whilst drawing a map of free enterprise in the twenty-first century.
Not long after he drew the Magic Diamond with himself at the center ofthe U.S.
health care industry, Clark drove up to Sand Hill Road to see the venture
capitalists. The venture capitalists advertised themselves as the great financial
risk takers ...
