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The Entrepreneurial Process: Economic Growth, Men, Women, and Minorities
 
 
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The Entrepreneurial Process: Economic Growth, Men, Women, and Minorities [Hardcover]

Paul D. Reynolds (Author), Sammis B. White (Author)

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Book Description

1567200125 978-1567200126 November 30, 1997
Entrepreneurship is an extremely important, but little understood, component of the U.S. economy. This book aids that understanding by exploring the challenges and outcomes of the start-up phases of new firms. This is the first detailed, large-scale, longitudinally-based analysis of the entrepreneurial process. Three representative samples of new firms and two representative samples of nascent entrepreneurs (those attempting to start new firms) are used to consider a variety of factors that affect successful completion of the major transitions in the life of new businesses: conception, birth, and early development (survival and growth). Surprisingly, a substantial minority of start-ups become operational new firms. Among the many lessons the authors learn are that although new firm growth appears to reflect many factors, initial size is of special consequence. Not only are many general insights for entrepreneurs revealed, but the authors also pay special attention to the involvement of women and minorities in entrepreneurship and suggest effective government policy for different stages in the entrepreneurial process.

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Editorial Reviews

Review

“[T]he book does an excellent job of organizing and presenting a broad set of detailed and rich data on the characteristics of new business ventures.”–Human Resource Development Quarterly

“The book is well written and organized....The is addressed to a scholarly audience, but can be understood by all with an interest in the topic, including undergraduates. Graduate students with a good grasp of statistics will be able to get the most out of the arguments.”–APA Journal

About the Author

PAUL D. REYNOLDS is the Paul T. Babson Chair in Entrepreneurial Studies at Babson College.

SAMMIS B. WHITE is Professor of Urban Planning at the University of Wisconsin-Milwaukee.

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Inside This Book (learn more)
First Sentence:
Entrepreneurial activity generating new businesses prevents employment declines and leads to economic growth. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
fledgling new firms, women nascent entrepreneurs, new firm survey, new firm owners, discouraged entrepreneurs, new firm principals, firm gestation, new firm births, become new firms, entrepreneurial engine, new firm jobs, firm persistence, stat sign, starting new firms, established new firms, positive monthly cash flow, different growth trajectories, entrepreneurial climate, entrepreneurial process, team financing, formal financing, business advocacy groups, team percent, branch births, residential tenure
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, American Indians, The Entrepreneurial Process Table, Small Business Administration, Entre Pop, New Firm Probability of Persistence, Quality Strategy, Sort Persistence, Level Group, None Mixed
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