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As the number of universities offering entrepreneurial programs continues to increase, there is a growing need for a suitable framework for the teaching of entrepreneurship beyond the operational side of the business and the preparation of a business plan. This book offers a fresh approach to entrepreneurship by teaching readers how to discover and create a new firm, or grow an existing one, starting from a firm's or team's capabilities. The core methodology is based on the 'entrepreneurial arch' which provides a more holistic view of entrepreneurship by dividing the business development process into six distinct segments. An important feature of this model is the inclusion of learning units focusing on opportunity identification, business design and risk reduction before the business planning stage is attempted. Illustrated with various real-world examples, this structured and concise book will appeal to students, as well as to practitioners looking to develop their entrepreneurial skills.Read more
- A concise book, offering a fresh approach to entrepreneurship based on a tried-and-tested model, the entrepreneurial arch
- Presents a holistic view of entrepreneurship by dividing the business development process into six distinct segments, starting from a firm or team's capabilities: each segment is self-contained enough to be readily learnable, but presented as part of an integrated picture that connects the methodologies of business discovery, assessment, execution, and renewal
- Introduces four elements of successful business - motive, owner, act, and monetize - showing how these can be perceived from a strategic level all the way to a specific operational level
Reviews & endorsements
'The Entrepreneurial Arch offers a complete view of the entrepreneurial process by providing six distinct stages from pre-startup through the growth stage. Every aspiring or current entrepreneur should read this very practical and insightful book. The use of real world examples makes the book practical and interesting to read. I recommend this book to everyone thinking about starting and growing a company.' Len Middleton, Ross School of Business, University of Michigan, and Executive Director, Michigan Institute for Medical InnovationSee more reviews
'How will the world create the jobs needed to power economic growth - this may be our most pressing global problem. Timothy Faley answers the question in a brilliant and inspirational tour de force - entrepreneurship! As America's leading professor on the subject he is eminently qualified to do so. His new book The Entrepreneurial Arch is destined to become a classic on how to identify business opportunities, launch them and execute successfully. A must-read for every aspiring entrepreneur and start up.' Kiril Sokoloff, founder and President, 13D Research Inc.
'In times of economic stagnation in the Western world, more and more universities are embracing the 'third mission'. Besides research and teaching, they also foster growth and development. Educating and supporting the next generation of entrepreneurial people then becomes a strategic goal. This book, anchored in the author's decades of real-life experience at one of the leading universities, is an excellent guide for aspiring entrepreneurs who want to make the leap from a brilliant idea to a sound business venture.' Daria Gołębiowska-Tataj, Executive Member of the Governing Board, European Institute of Innovation and Technology
'This book provides a comprehensive review of the complexities of business-building for aspiring entrepreneurs, while also serving as a refresher for even the most seasoned business executive responsible for driving growth or renewal within new or established companies.' Dennis McGrew, Board of Directors of DEINOVE and former New Business Development Director, Dow Chemical Company
'… a unique, detailed method for identifying and evaluating new business ventures … appropriate for anyone who wants to start a new venture … helpful for researchers and professors of business.' D. W. Huffmire, Choice
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- Date Published: December 2014
- format: Paperback
- isbn: 9781107424821
- length: 310 pages
- dimensions: 228 x 153 x 18 mm
- weight: 0.46kg
- contains: 51 b/w illus.
- availability: Available
Table of Contents
1. Introduction to the entrepreneurial arch
2. Opportunity identification
3. Business design
4. Business assessment
5. Operationalize the business
6. Resourcing the business
7. Strategies for managing growth
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