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Entrepreneurship: Theory, Process, Practice, 12th Edition

Donald F. Kuratko

  • Copyright 2024
  • {{checkPublicationMessage('Published', '2023-04-06T00:00:00+0000')}}
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Entrepreneurship: Theory, Process, Practice 12th Edition by Donald F. Kuratko
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Overview

Kuratko's ENTREPRENEURSHIP: THEORY, PROCESS, PRACTICE, 12th EDITION, combines a practical, step-by-step approach with a theoretical foundation to form a basic framework for understanding the theory, processes, and practice of entrepreneurship. Recognized for over 30 years as one of the leading books in the field, the aim of the text and accompanying MindTap® learning suite is to present the most current thinking in entrepreneurship, as well as to provide learners with experiential learning activities that challenge them to apply ideas and develop useful entrepreneurial skills. This edition has been updated to include current developments and issues in this explosive field.

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Meet the Authors

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Donald F. Kuratko

Dr. Donald F. Kuratko (known as “Dr. K”) is a prominent scholar and national leader in the field of entrepreneurship. He has authored or co-authored over 200 articles on aspects of entrepreneurship and corporate innovation in journals such as Journal of Business Venturing, Entrepreneurship Theory and Practice, Strategic Management Journal, Journal of Operations Management, Journal of Management Studies, Small Business Economics, Journal of Business Ethics, Business Horizons, and Family Business Review. Dr. Kuratko has authored 30 books, including one of the leading entrepreneurship books in the world today, Entrepreneurship: Theory, Process, Practice (currently in its 11th edition), as well as New Venture Management (2021) and Corporate Innovation (2019). In addition, Dr. Kuratko has been a corporate innovation consultant to a number of major Fortune 500 corporations and he was the co-founder and executive director of the Global Consortium of Entrepreneurship Centers (GCEC). Dr. Kuratko was selected as one of the top entrepreneurship professors in the United States by Fortune magazine. He has been named one of the top ten entrepreneurship scholars in the world and was the recipient of the Riata Distinguished Entrepreneurship Scholar Award. In 2011 he was the inaugural recipient of the Karl Vesper Entrepreneurship Pioneer Award for his career dedication to developing the field of entrepreneurship. The Academy of Management honored Professor Kuratko with the Entrepreneurship Advocate Award and the Entrepreneurship Mentor Award for his contributions to the development and advancement of the discipline of entrepreneurship. In addition, he was named the National Outstanding Entrepreneurship Educator by the United States Association for Small Business and Entrepreneurship (USASBE) and was also honored with the John E. Hughes Entrepreneurial Advocacy Award for his career advocacy in entrepreneurship.

What's New

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  • A Typology of Distinctive Entrepreneurial Journeys: We see that entrepreneurs create a wide variety of ventures. These include everything from giants like Uber and Amazon to a small local artisan brewery. Entrepreneurs vary in numerous ways, including how they confront risks, expand in the market, produce innovations, seek outside capital, involve family members and incorporate new technologies. Each entrepreneur will experience the entrepreneurial journey in a different and unique way. In fact, there is so much diversity in what gets created that it becomes difficult to provide one set definition of an entrepreneurial firm.
  • Diversity in Entrepreneurship: Each chapter contains a special boxed story that concerns a diversity subject. Topics include diversity in venture capital, diversity in franchising, minority funding, black entrepreneurs, disability diversity, gender diversity, age diversity and diversity in thought.
  • Entrepreneurial Hustle: This new concept is defined as an entrepreneur’s urgent, unorthodox actions that are intended to be useful in addressing immediate challenges and opportunities under conditions of uncertainty. In a study, the researchers used an experimental approach to assess the impact of an entrepreneur’s hustle on venture stakeholders and found that entrepreneurial hustle positively influenced stakeholder perceptions of the entrepreneur’s leadership effectiveness and a venture’s legitimacy.
  • Entrepreneurial Coachability: Mentorship or coaching from other experienced individuals has become essential to entrepreneurs and their fledgling ventures because it improves an entrepreneur’s likelihood of success. Therefore, an entrepreneur’s “coachability” becomes another critical skill that needs to be developed. Founder coachability is defined as the degree to which an entrepreneur seeks, considers and integrates feedback.
  • The Impact of Social Entrepreneurship: Because practitioners have questioned whether social entrepreneurship actually yields more meaningful social benefits than traditional state, NGO or entrepreneurial initiatives, there have been recent developments to examine the outcomes of social entrepreneurship, and these are examined in this edition.
  • Effective Entrepreneurial Teams: While much of entrepreneurship in the past has been largely associated with a solo entrepreneur, the more current state of entrepreneurship embraces the effective entrepreneurial team. It is not easy to get the right people for an effective entrepreneurial team; however, the development of that team is essential in today’s world as venture capitalists consider the entrepreneurial team to be most important when the time comes to make the investment decision on a new venture.
  • Strategic Bootstrapping: This mode of financing allows an entrepreneur to found and build a venture from personal funds or the operating revenues of the new company. Examples of techniques employed because of the decision to bootstrap include using credit cards, drawing upon home equity, sweat equity, taking loans from family, and investing salary from one’s regular job.
  • The Challenges of Blitzscaling: While traditional scaling strategies move along based on the actual growth of the venture, “blitzscaling” tries to push the growth faster by prioritizing speed over efficiency in an environment of uncertainty. For most technology start-ups, the general appeal of blitzscaling is that it leads to rapid growth on a global scale. This type of growth enables new technology start-ups to achieve a first-mover advantage in new global markets. A venture incurs a massive amount of risk when blitzscaling its business or product.

Features

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  • This edition provides a systematic, process-oriented overview of entrepreneurship, from startup to maturation, with an eye on the latest research developments in the field. It is based on developing a theoretical foundation, then learning the processes needed for a successful venture, and finally experiencing the launch of a venture in practice. This text provides the most comprehensive and theoretically sound approach to the study of entrepreneurship. All of the latest research is highlighted for the instructors in order to remain on the cutting edge for their students.
  • The MindTap® digital learning solution provides new and updated cases, designed to help students think and act like entrepreneurs, whether in a start-up or corporate setting. Experiential Exercises give students an opportunity to test and investigate their understanding of chapter principles through self-scoring assessments, skills inventories and related applications.

Table of Contents

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Part 1: UNDERSTANDING THE IMPACT OF THE ENTREPRENEURIAL MINDSET.
1. Entrepreneurship: Evolutionary Development—Revolutionary Impact.
2. The Entrepreneurial Mind-Set in Individuals: Cognition, The Dark Side, Ethics.
3. The Entrepreneurial Mind-Set in Organizations: Corporate Entrepreneurship.
4. The Global Entrepreneurial Mindset: Social Entrepreneurship.
Part 2: INITIATING ENTREPRENEURIAL VENTURES.
5. Innovation: The Creative Pursuit of Ideas.
6. Assessment of Entrepreneurial Opportunities.
7. Pathways to Entrepreneurial Ventures.
8. Sources of Capital for Entrepreneurs.
Part 3: DEVELOPING THE ENTREPRENEURIAL PLAN.
9. Legal Challenges for Entrepreneurial Ventures.
10. Marketing Challenges for Entrepreneurial Ventures.
11. Financial Preparation for Entrepreneurial Ventures.
12. Developing an Effective Business Plan.
Part 4: GROWTH STRATEGIES FOR ENTREPRENEURIAL VENTURES.
13. Strategic Entrepreneurial Growth-Scaling.
14. Valuation of Entrepreneurial Ventures.
15. Harvesting the Entrepreneurial Venture.

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Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

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  • ISBN-10: 0357990358
  • ISBN-13: 9780357990353
  • RETAIL £45.00
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Traditional eBook and Print Options

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  • ISBN-10: 0357899601
  • ISBN-13: 9780357899601
  • RETAIL £53.00

  • ISBN-10: 0357899504
  • ISBN-13: 9780357899502
  • RETAIL £74.99
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Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

International MindTap Instant Access for Kuratko's Entrepreneurship: Theory, Process, Practice

ISBN: 9780357990353
International MindTap Instant Access for Kuratko's Entrepreneurship: Theory, Process, Practice, 12th Edition, is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course -- to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics and add your own material and notes in the eBook. All online text media materials accessible through this access code are available in EMEA, Latin America, Asia, and India only.