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The Illusions of Entrepreneurship

This book shows that the reality of entrepreneurship is decidedly different from the myths that have come to surround it. Scott Shane, a leading expert in entrepreneurial activity in the United States and other countries, draws on the data from extensive research to provide accurate, useful information about who becomes an entrepreneur and why, how businesses are started, which factors lead to success, and which predict a likely failure. More information and prices from:
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Books About Entrepreneurship

What is entrepreneurship? Bessant and Tidd (2007: 1) see it as being innovative and competitive. They state that:

'One person's problem is another's opportunity and the nature of innovation is that it is fundamentally about entrepreneurship. The skill to spot opportunities and create new ways to exploit them is at the heart of the innovation process. Entrepreneurs are risk-takers - but they calculate the costs of taking a bright idea forward against the potential gains if they succeed in doing something different - especially if that involves upstaging the players already in the game.'

They also see a close link between creativity, entrepreneurship and innovation (2007: 37). Commenting on the fact that most entrepreneur research has been conducted in the USA, and may not apply worldwide (2007: 42) they note that:

'... in the specific case of technical entrepreneurs there appears to be some consensus regarding the necessary personal characteristics.'

They identify the two main characteristics as:

  • an internal locus of control - that is to say, a conviction that they (rather than circumstances or someone else) are in charge of their own lives
  • a high need for achievement (nAch) - which is not the same as a need for success

They associate the second characteristic with 'moderate risk-taking but not gambling or irrational risk-taking.'

More Entrepreneurship Articles

The entrepreneur - starting your own business
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Entrepreneurship: Do YOU Have What It Takes?
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Entrepreneur Growth
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One Adult in Eleven is an Entrepreneur
The Power of Selling a Dream

Bestselling Entrepreneurship Books

Start Your Own Business: The Only Start-Up Book You'll Ever Need

by Rieva Lesonsky
  Make your dreams of starting a business come true! Packed with expert advice, this book demystifies the start-up process with plain-English answers to the most commonly asked questions about starting a small business.
  More information and prices from:
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Leading at the Speed of Growth: Journey from Entrepreneur to CEO

by Katherine Catlin, Jana Matthews
  Learn how to take your company to the next level of growth through the stories of over 500 successful entrepreneurs. Developed by the Kauffman Center for Entrepreneurial Leadership, this flagship book introduces a new series on managing growth. The authors expertly guide you through the three stages of entrepreneurial growth: initial growth, rapid growth, and continuous growth. Personal stories told by successful entrepreneurs reveal the hows and whys of evolving as a leader at each stage, identifying red flags, vital signs, and secrets of sustained growth. Become a dynamic leader by using this book as your roadmap to entrepreneurial success.
  More information and prices from:
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Start Up: An Entrepreneur's Guide to Launching and Managing a New Business

by William J. Stolze
  This fifth edition of Start Up is a thorough, concise, and exceptionally easy to read book that applies to those who are ready to embark on a new venture, those who have already gotten their feet wet, and those who would like to learn more about entrepreneurship. It addresses key problems that are crucial to the success of any business such as: how much money is enough, how to write a successful business plan, what is most important to business success, and why small companies are better. Completely revised and updated, this edition also features complete information on how to use the Internet to fuel the information and promotion needs of a business.
 More information and prices from:
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The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything

by Guy Kawasaki
  What does it take to turn ideas into action? What are the elements of a perfect pitch? How do you win the war for talent? How do you establish a brand without bucks? These are some of the issues everyone faces when starting or revitalizing any undertaking, and Guy Kawasaki, former marketing maven of Apple Computer, provides the answers.
  More information and prices from:
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Growing Pains : Transitioning from an Entrepreneurship to a Professionally Managed Firm

by Eric G. Flamholtz, Yvonne Randle
  Drawing on the real-life experiences of firms such as Amazon and Starbucks, this book helps entrepreneurs make a transition from start-up to successful organisation without compromising the unique spirit that gave rise to the company's inception. It explores the seven predictable stages of organisational growth and identifies what must be accomplished in each stage to lay the groundwork for sustained successful development. It also draws on the real-life experiences of firms in a range of industries, and helps entrepreneurs make a smooth transition from start-up to successful organisation without being encumbered by bureaucracy and compromising the unique spirit that gave rise to the company.
 More information and prices from:
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Innovation and Entrepreneurship

by John Bessant and Joe Tidd
  Developed for courses at both undergraduate and postgraduate level Innovation and Entrepreneurship is an accessible introductory text written primarily for students of business and management studies. The book is also suitable for engineering students studying courses in business and management. Contemporary issues in both innovation and entrepreneurship are used to engage and excite students, and lead them to the relevant theory, models and lessons.
  More information and prices from:
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The Blackwell Handbook of Entrepreneurship (Blackwell Handbooks in Management)

Donald L. Sexton (Editor), Hans Landstrom (Editor)
  The Handbook of Entrepreneurship brings together the best researchers in the USA and Europe to review the most up-to-date thinking on the most crucial topics in entrepreneurship studies. It is the first book to combine the research activities of Europe and the United States, and reflects cutting-edge research with a multicultural perspective. More information and prices from:
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