Resourcing the Start-up Business: Creating Dynamic Entrepreneurial Learning Capabilities

Cover
Half Title
Series Information
Title Page
Copyright Page
Table of Contents
Introduction to the Case Studies
Active Profile
Fit Co
Fume Co.
Innospace (Manchester Metropolitan University Business School)
Jazooli
Machine Co.
Packaging Co.
PPE Ltd.
Spark Revolutions Ltd.
Wigan Recycling
1 Developing Your Entrepreneurial Learning Capabilities
1.1 Introduction
1.2 Learning Objectives
1.3 Growing Importance of Entrepreneurship
1.4 A Practice-Based Approach to Entrepreneurial Learning
1.5 Developing an Entrepreneurial Mindset
1.5.1 Entrepreneurship Education and the Entrepreneurial Mindset
1.6 Covid-19 and the New Economic Environment
1.7 Summary and Key Learning Points
1.8 Discussion Questions and Call to Action
Exercise 1: Evaluate Your Entrepreneurial Mindset – Individual and Group Exercise
Notes
References
2 Business Start-Up Skills and Competences
2.1 Introduction
2.2 Learning Objectives
2.3 Basic Business Start-Up Skills
2.4 An Effectual Approach to Skill Development
2.5 Early-Stage Growth: Developing Your Knowledge, Skills and Capabilities
2.5.1 Generic Skills and Competences
2.5.2 Exploiting Innovation and Creativity
2.5.3 The Role of Experience and Informal Training
2.5.4 Entrepreneurial Education and Formal Training
2.6 Cultural Entrepreneurship
2.7 Summary and Key Learning Points
2.8 Discussion Questions and Call to Action
References
3 The Nature of Entrepreneurial Opportunities
3.1 Introduction
3.2 Learning Objectives
3.3 Entrepreneurial Cognition and Creative Thinking
3.4 Entrepreneurial Cognition and Opportunity Identification
3.5 Opportunity Evaluation
3.6 Sustainable Development: Identifying Green Opportunities
3.7 Summary and Key Learning Points
3.8 Discussion Questions and Call to Action
Notes
References
4 Business Models and the Lean Start-Up Approach
4.1 Introduction
4.2 Learning Objectives
4.3 Business Models Supporting Start-Up
Customer and Market Components
Value Creation Components
4.4 The Lean Start-Up Approach (LSA)
CVP
Market Segment
Revenue Model
4.5 Role of Design Thinking in Start-Up
4.6 The Role of Digitalization
4.7 Summary and Key Learning Points
4.8 Discussion Questions and Call to Action
Notes
References
5 Entrepreneurial Learning and Business Start-Up
5.1 Introduction
5.2 Learning Objectives
5.3 Experiential Learning for Entrepreneurs
Apprehension and Comprehension (Concrete Experience and Abstract Conceptualization)
Extension and Intention (Reflective Observation and Active Experimentation)
5.4 Active Learning and Simulation
5.5 The Role of Enterprise Clubs and Societies
5.6 Situated Learning in a University-Based Incubator
5.7 Enterprise Education and Entrepreneurial Learning
5.8 Summary and Key Learning Points
5.9 Discussion Questions and Call to Action
Notes
References
6 Social Capital as an Entrepreneurial Resource
6.1 Introduction
6.2 Learning Objectives
6.3 What Are Social Networks?
6.4 What Is Social Capital?
6.5 Creating Social Capital During Business Start-Up
6.6 Social Capital and Access to Resources
6.7 Developing Social Capital Via Social Media
6.8 Summary and Key Learning Points
6.9 Discussion Questions and Call to Action
Notes
References
7 Human Capital and Business Start-Up
7.1 Introduction
7.2 Learning Objectives
7.3 Resource-Based View of the Firm
7.4 Types of Resources
7.4.1 Tangible Resources
7.4.2 Intangible Resources
7.5 Human Capital and Entrepreneurship
7.5.1 Experience as a Human Capital
7.5.2 Knowledge as a Human Capital
7.6 Accumulation of Human Capital Over the Life Course
7.7 Effects of Human Capital On Entrepreneurial Success
7.8 Summary and Key Learning Points
7.9 Discussion Questions and Call to Action
References
8 Formal Finance for Business Start-Up
8.1 Introduction
8.2 Learning Objectives
8.3 Problems Financing Start-Up Businesses
8.4 Potential Sources of Finance for New Entrepreneurs
8.4.1 Debt Finance
8.4.2 Equity Finance
8.4.2.1 Internal Equity (Personal Investment)
8.4.2.2 External Equity
8.4.2.3 Business Angels
8.4.2.4 Venture Capitalists (VCs)
8.5 Finance and Business Life Cycle
8.6 Variations in Financing Strategies
8.6.1 Social Entrepreneurs
8.6.2 Family Business Finance
8.6.3 High-Tech Firms
8.7 Is There a Funding Gap for New Entrepreneurs?
8.8 Formal Crowdfunding for Entrepreneurial Businesses
8.9 Summary and Learning Points
8.10 Discussion Questions and Call to Action
Note
References
9 Informal Finance and Business Start-Up
9.1 Introduction
9.2 Learning Objectives
9.3 Defining Bootstrapping: A Lean Approach
9.4 Types of Entrepreneurial Bootstrapping
9.5 Variations in Approaches to Bootstrapping
9.5.1 Entrepreneurs’ Financial Motives and the Use of Bootstrapping
9.5.2 Gendered Nature of Bootstrapping
9.5.3 Life Cycle Approach to Bootstrapping
9.6 Bootstrapping as a Growth Strategy
9.7 Entrepreneurial Bootstrapping Via Crowdfunding
9.8 Bootstrapping Social Ventures
9.9 Summary and Key Learning Points
9.10 Discussion Questions and Call to Action
References
10 Dynamic Capabilities in Entrepreneurial Ventures
10.1 Introduction
10.2 Learning Objectives
10.3 From Resources to Dynamic Capabilities
10.4 Routines That Support Change
10.5 Dynamic Capabilities in New Ventures
10.6 Dynamic Capabilities and Learning Processes
10.7 Bootstrapping and Bricolage: Entrepreneurs Acting Resourcefully
10.8 Summary and Key Learning Points
10.9 Discussion Questions and Call to Action
References
11 Growing New Businesses
11.1 Introduction
11.2 Learning Objectives
11.3 Stages of Growth and Linear Growth Trajectories
11.4 Critical Reflections On Stage Models
11.5 Making Sense of Crisis in Context
11.6 Managing Growth Dynamically
11.7 Managing Growth Through Resilience
11.8 Summary and Key Points
11.9 Discussion Questions and Call to Action
References
12 Understanding Theories of Entrepreneurship
12.1 Introduction
12.2 Learning Objectives
12.3 Individuals and Opportunities
12.4 Creating New Ventures
12.5 The Entrepreneurial Process
12.6 Alternative Theories of Entrepreneurship and Opportunities
12.6.1 Entrepreneuring as Practice
12.6.2 Bricolage
12.6.3 Effectuation Theory
12.6.4 User Entrepreneurship
12.6.5 Creation Entrepreneurship
12.6.6 A Social Theory of Bootstrapping
12.6.7 Summary: Comparing Theories
12.7 Debates About Entrepreneurial Theory
12.8 Summary and Key Learning Points
12.9 Discussion Questions and Call to Action
Notes
References
13 Business Start-Up and Economic Development
13.1 Introduction
13.2 Learning Objectives
13.3 UK Policy Initiatives From 1970 to 2021
13.4 Promoting and Supporting Entrepreneurship
13.4.1 Entrepreneurial Capabilities
13.4.2 Entrepreneurial Culture
13.4.3 Market Conditions
13.4.4 Knowledge Creation and Diffusion
13.4.5 Regulatory Framework
13.4.6 Access to Finance
13.5 The GEM Studies
13.6 Factors Influencing New Firm Formation
13.7 The Economic Contribution of New Businesses
13.8 Do New Businesses Create New Jobs?
13.9 Summary and Key Learning Points
13.10 Discussion Questions and Call to Action
Notes
References
14 Conclusions: Dynamic Entrepreneurial Learning
14.1 Introduction
14.2 Learning Objectives
14.3 Theory, Practice and Learning
14.4 Resources, Bootstrapping and Bricolage
14.5 Resourcefulness and an Entrepreneurial Mindset
14.6 Conclusions
14.7 Key Learning Points
14.8 Discussion Questions and Call to Action
References
Index