Entrepreneurship Research Zoltan J Acs George Mason University
- Slides: 24
Entrepreneurship Research Zoltan J. Acs George Mason University Entrepreneurship in Russia: Main Trends in Entrepreneurial Research Graduate School of Business St. Petersburg State University
Mice—gazelles—elephants
The Gazelles
What do we study Handbook of Entrepreneurship Research – Edward Elgar, 2003 – Acs and Audretsch
Handbook of Entrepreneurship Introduction to entrepreneurship The entrepreneurial process Opportunity and the nature of exploitation The emergence of new ventures Financing new ventures The social context Entrepreneurship, growth and policy Future of capitalism
Demand & Supply Curves Price of the good (p) Supply curve p’ p’ p E* p Demand curve 0 q q’ Quantity of the good (q)
Knowledge as a Source of Entrepreneurial Opportunity History t – Knowledge • R&D Window of opportunity. Future
The Entrepreneurial Process Risk and Uncertainty Innovation and Technological Change Market Processes and Entrepreneurial Studies.
Innovation and Technological Change The knowledge spillover theory of entrepreneurship Innovation comes from industries with large firms but it is the small firms that do the radical innovation. Entrepreneurship is the conduit for knowledge spillovers.
Integrated circuit- Intel
Opportunity and the nature of Exploitation The Cognitive Psychology of Entrepreneurship The Individual-Opportunity Nexus
Entrepreneurship researchers ask: Wouldn’t it be great if we could look into the mind of the entrepreneur? If we could know what makes him or her tick? Dr. Mellani Day - Neuroscience and Entrepreneurship PDW - AOM 2008 Anaheim 12
Entrepreneurship researchers ask: Wouldn’t it be great if we could look into the mind of the entrepreneur? If we could know what makes him or her tick? 13
Is entrepreneurial decision-making: rational versus gut-feeling or elements of both? What neural mechanisms are behind the Entrepreneur’s decision: Whom to trust? …hire? …pay? …financing? …investments? …product? …market? …strategy? …environment? …company culture? …legal? …systems? …infrastructure? …negotiations? … 14
Individual Opportunity Nexus Opportunity existed. Bill made a choice to quite a job. Economic freedom. Pe= f (profit *wages)
The Emergence of New Ventures Firm organizing processes – Nascent entrepreneurs – Global Entrepreneurship Monitor • New index Entrepreneurship, business and the firm Entrepreneurship and strategy
New GEM Index
Financing New Ventures Venture Capital and Private Equity Small Business and Debt Financing
Venture Capital and Private Equity Why do firms internationalize? A fundamental question in strategy research agenda is “what determines the success or failure of firms in international competition. ” Large and growing literature detailing the internationalization activities of multinationals, conglomerates, small to medium-size firms, “bornglobals” and financial services The internationalization of venture capital firms has remained a relatively understudied phenomenon
The Social Context The social psychology Entrepreneurship as social construction Entrepreneurship, networks and geographies – Location of firms • Local • Global
Entrepreneurship, Economic Growth and Public Policy The impact of entrepreneurship on economic growth The impact of entrepreneurship on development Entrepreneurship and public policy – Helping disadvantage firms – Helping disadvantages people
No such thing as Entrepreneurship Policy Only policy for an entrepreneurial economy – – – Individual Economy Region Country International
The Future of Capitalism 1932 -1982 -2002 -2008 – Financial crisis – Global recession – What way forward
Entrepreneurial Capitalism
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- Eli gmu
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- Mason high motivation
- Was george mason an anti federalist
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- Entrepreneurship module 1 introduction to entrepreneurship
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- George washington vs king george iii venn diagram
- Temple university entrepreneurship
- Entrepreneurship and innovation bangalore university
- 7m logisztika
- Dr pataki zoltán
- Dr lantos zoltán
- Dr. zoltan grossman
- Heiko jacobi
- Hella zoltán
- Polgár zoltán
- Borrelia recurrentis treatment
- Dr nádházi zoltán