1 / 11

Entrepreneurship Trends in the 21st Century

Explore the rise of entrepreneurship as a global economic force, the impact of small businesses in a changing economy, and the competitive advantages they possess. Learn how societal changes have sparked a wave of interest in entrepreneurship worldwide.

sspence
Download Presentation

Entrepreneurship Trends in the 21st Century

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ENTREPRENEURSHIP, 4/eChapter 1: Entrepreneurship Today Peggy A. Lambing and Charles R. Kuehl PowerPoint presentation created by Peggy Lambing

  2. Learning Objectives • To become aware of the way in which entrepreneurship emerged as a leading economic force during the 1980s and the 1990s • To appreciate the nature of the U.S. economy is undergoing important changes as we start the new century • To see that countries worldwide have discovered entrepreneurship as a source of economic vitality • To comprehend that small business has what it takes to compete successfully with much larger organizations

  3. Industry Structure • 1955—focus on big business • 1955—one small business for every 38 people • 2000—one small business for every 12.7 people

  4. Increasing Number of Small Businesses • Foreign competitors disrupting big corporations • Start of deregulation

  5. Increase in Small Businesses YearBusinesses Per Person 1955 1/381965 1/291975 1/261985 1/201998 1/162000 1/12.7

  6. Downsizing • Firms systematically and substantially reduce the number of people they employ to achieve a reduction in cost • Organizational survival or top-management greed?

  7. Societal Change • End of jobs? • Post-industrial society: a country where large-scale businesses are no longer as important as they were

  8. Consequences for the Individual • Unemployment or underemployment • Uncertainties and pressures of job insecurity • Wave of interest in entrepreneurship worldwide

  9. Entrepreneurship in a Changing Environment • Changes in Markets • Outsourcing • Virtual organizations • Market fragmentation

  10. New Markets • Green markets • Market place • Market space

  11. Competitive Advantages of Small Business • Allows a business to compete effectively • Personal relationship with customer • Ability to innovate • Flexibility

More Related