mike hitt presentation by HC12110721139


									 Positive Relationship between Entrepreneurial Activity and
  Economic Growth in Countries
 Nobel Prize for Providing Microcredit to Millions of People
  Who Started Businesses and Worked Themselves Out of
 Over 80% of New Jobs Are Created by Smaller and Newer
  Businesses in Developed Economies (Kauffman Foundation,
 Newer and Smaller Firms Create 24 Times More Innovation
  than Larger Established Firms (Parker, 2005)
 Starbucks (12,000 stores, targeting 40,000)
 Dell ($55 billion sales in 20+ years)
 Polaroid (a nonsurvivor due to lack of vision)
First Course in Entrepreneurship Taught at
   Harvard in 1947

Currently More than 2200 Courses Are Offered
   at Over 1600 Colleges and Universities

150+ Entrepreneurship Centers and Approximately
   280 Endowed Faculty Positions (Katz, 2004)

Growing Number of Graduate Programs in

Strong Interest in Entrepreneurship Programs
   from Students, Donors and Employers. It Is
   a Growing Domain
        Entrepreneurship Research

44 English-Language Refereed Journals Specialize in
Entrepreneurship (Katz, 2004)

Increasing Amount of Research and Quality of the
Research Is Improving (Shane & Venkataraman, 2000)

Entrepreneurship Research Has Been Published in

Special Issues on Entrepreneurship Topics Have Been
Published in AMJ and SMJ, and in Process at AMR
                    Research (cont’d)

But…the Rest of the Story—We Still Must Make Further

Although There Are 44 Journals, None Is Generally Accepted as
a Class A

In a Recent Survey, CBA Deans’ Average Response to a Question
Regarding the Rigors and Quality in Entrepreneurship Research
Was Only Slightly Better than Neutral (Midpoint of the Scale)

Based on their Overall Responses to Several Questions, CBA
Deans Appear to Have a Relatively Low Regard for
Entrepreneurship Research ( Brush et al, 2003)
Busenitz, West, Shepherd, Nelson, Chandler, & Zacharakis
(2003) Identified Several Trends in Entrepreneurship Research

       82 Percent of Recent ENT Research Has Been Empirical

       66 Percent of the Empirical Research Was Survey Based.
        Average Response Rates Were Low

       Only About 25% of the ENT Research Uses Multivariate
        Statistical Techniques

Recent Critiques of the Strategic Management Research
Suggest Significant Deficiencies (Hitt, Boyd & Li, 2004; Boyd,
Gove & Hitt, 2005). Applying the Same Evaluative Criteria to
Entrepreneurship Research Likely Would Identify Similar
Achieving Legitimacy

      Continue to Improve Research

      Gain Full Acceptance by Colleagues in
       Other Business Disciplines and Social
       Science Fields

      Enhance the Theoretical Base (Phan,
       2004; Alvarez & Barney, 2004)
        Extending the Boundaries

Creativity and Imagination

       The Role of Creativity in Entrepreneurship
       Creativity and Opportunity Identification
       Creativity and Innovation
       Individual and Group Imagination

       Entrepreneurial Organizations and Innovation
       Learning from Innovation Failures
       Resources and Innovation
       Accumulation of Incremental Vs Radical
       Extending the Boundaries (cont’d)

Organizational Change
      Role of Organizational Change in Corporate
      Managing Change to be Entrepreneurial
      Overcoming Barriers to Change and
       Entrepreneurial Activity

Risk and Uncertainty
     Role of Risk and Uncertainty in Entrepreneurship
     Uncertainty and Entrepreneurial Opportunities
     The Risks of a First-Mover Strategy
     How Do Entrepreneurs Manage Risk?
       Extending the Boundaries (cont’d)

Social Role of Entrepreneurship
      Social Entrepreneurship
      Entrepreneurship in Public Organizations
      Microfinancing and Economic Development

      Role of Technology Development in Competitive
      Diffusion of Technological Knowledge
      Technology and Value Creation
      Entrepreneurial Organizations and Use of
      The Next 10 Years

A Maturing Field

Substantial Research of Improving

Growing Market Power

Increasing Acceptance by Colleagues
Family Business

    Entrepreneurial Firm when Founder Is CEO of Family
    Negative Relationship between Family Ownership and FB
     Performance (4000 French SMEs)
    Family Social Capital and Family Business Social Capital
    Changes in FB Social Capital with Major Disruptions in
    Family Firms’ Governance Structures and FB Social
    Effects of Family Stability, Interactions, Interdependence
     and Size on FB Social Capital
Entrepreneurial Networks

    Relationship between Institutional Environment and
     Entrepreneurial Networks (China, France, Russia, U.S.)
    Male and Female Social Networks and Entrepreneurial
    TMTs of Entrepreneurial Firms and Social Networks

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