Higher Education

Entrepreneurship: Theory, Process, and Practice, 8th Edition

  • Donald F. Kuratko The Kelley School of Business, Indiana University - Bloomington
  • ISBN-10: 0324590911  |  ISBN-13: 9780324590913
  • 576 Pages
  • Previous Editions: 2007, 2004, 2001
  • © 2009 | Published
  • College Bookstore Wholesale Price = $278.00
  • Newer Edition Available
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About

Overview

ENTREPRENEURSHIP: THEORY, PROCESS, AND PRACTICE, Eighth Edition, combines a practical, step-by-step approach with a theoretical foundation to form a basic framework for understanding the theory, process, and practice of entrepreneurship. Recognized for two decades as one of the leading books in the field, the aim of the text is to present the most current thinking in entrepreneurship as well as provide learners the opportunity to apply ideas and develop useful entrepreneurial skills. This edition has been updated to include current developments and issues in this explosive field.

Features and Benefits

  • Entrepreneurial Process boxes: Boxed items throughout the text illustrate one (or more) innovative idea related to entrepreneurship. The topics range from finding an entrepreneurial niche to revealing the secrets of the entrepreneurial spirit. Each one is unique in its application to entrepreneurial activity.
  • Entrepreneurship in Practice boxes: Newer and updated stories were found to illustrate one or more of the ideas presented in the chapter. The focus of these stories is the application of entrepreneurship theory in today's marketplace.
  • Global Perspective boxes: New to this edition, these short illustrations present interesting entrepreneurial issues around the world to demonstrate how practicing entrepreneurs handle specific challenges from the global environment that are prevalent today.
  • Experiential exercises: A short exercise at the end of each chapter and comprehensive exercises at the end of most parts apply principles presented in the text material, giving students an opportunity to experience activities related to the entrepreneur.
  • New references and citations: To make ENTREPRENEURSHIP: THEORY, PROCESS, AND PRACTICE, Eighth Edition, the most comprehensive text available, every chapter ends with a wealth of endnotes. These references have been carefully selected to provide professors and students with a thorough background on the latest research relating to the entrepreneurship material being presented. The focus here is on the "theoretical" component of entrepreneurship.

Table of Contents

Part I: THE ENTREPRENEURIAL MINDSET IN THE 21ST CENTURY.
1. Entrepreneurship: Evolutionary Development--Revolutionary Impact.
2. The Entrepreneurial Mindset in Individuals.
3. The Entrepreneurial Mindset in Organizations--Corporate Entrepreneurship.
4. Social Entrepreneurship & Entrepreneurial Ethics.
Entrepreneurial Case Analysis: Homeboy Industries: An Incubator of Hope and Businesses.
Exercise: How Ethical Are You?
Part II: INITIATING ENTREPRENEURIAL VENTURES.
5. Innovation: The Creative Pursuit of Ideas.
6. Pathways to Entrepreneurial Ventures.
7. Legal Challenges for Entrepreneurial Ventures.
8. Sources of Capital for Entrepreneurs.
Entrepreneurial Case Analysis: Dealer Trade Group: High-Tech Venturing in a Low-Tech Industry.
Exercise: "ANGEL INVESTOR vs. VENTURE CAPITALIST."
Part III: DEVELOPING THE ENTREPRENEURIAL PLAN.
9. Assessment of Entrepreneurial Opportunities.
Appendix 9A: Feasibility Plan Outline.
10. Marketing Challenges for Entrepreneurial Ventures.
11. Financial Preparation for Entrepreneurial Ventures.
12. Developing an Effective Business Plan.
Appendix 12A: Business Plan: DropToMe.com.
Entrepreneurial Case Analysis: CommunityWeb.com.
Exercise: Recognizing Financial Terminology.
Part IV: GROWTH STRATEGIES FOR ENTREPRENEURIAL VENTURES.
13. Strategic Entrepreneurial Growth.
14. Valuation of Entrepreneurial Ventures.
Appendix 14A Term Sheet.
15. Harvesting the Entrepreneurial Venture.
Case Analysis: ElectroChem, Inc.: Energy for a Clean Planet.
Exercise: "THE TOWS MATRIX."

What's New

  • New organization: The text has been streamlined to 15 chapters covering the topics in more depth. New chapters: Chapter 4 (Social Entrepreneurship & Ethical Challenges of Entrepreneurship); Chapter 5 (Innovation: The Creative Pursuit of Ideas); Chapter 6 (Entrepreneurial Ventures: Pathways and Structures); and Chapter 13 (Strategic Entrepreneurial Growth). Each part of the text contains chapters that specifically address these pertinent concepts of entrepreneurship.
  • New Global Entrepreneurship boxes: To emphasize the global nature of entrepreneurship, the authors include in each chapter special features ("The Global Perspective") illustrating specific international issues in the context of the entrepreneurial environment. They range from the NAFTA negotiations (Chapter 1) to the perils of marketing the 2008 Olympics in China (Chapter 10) to the declining value of currency in the global market (Chapter 11).
  • New business plan: To give students hands-on experience developing effective business plans, this edition presents a complete business plan (in Appendix 12A to Chapter 12). Andrew F. Vincent developed the plan for national competitions while completing his MBA degree at Indiana University's Kelley School of Business. This plan was successful in the competitions and became the foundation for an actual start-up venture, DropToMe.com. Additional business plans are available on the website.
  • New models and process diagrams: This edition contains the most recent models and process diagrams developed by scholars in the entrepreneurship field. Some examples include new illustrations in corporate entrepreneurship (Chapter 3); entrepreneurial ethics (Chapter 4); legal concepts (Chapter 7); venture capital (Chapter 8); strategic entrepreneurship (Chapter 13); and harvesting (Chapter 15).
  • New Entrepreneurial Case Analyses: Each text part ends with three new Entrepreneurial Case Analyses that feature issues in social entrepreneurship (Home Boy Industries in Part 1); wholesale distribution (DTG in Part 3); and global energy (Energy for a Clean Planet in Part 4). These cases were all based on actual instances and were published in ENTREPRENEURSHIP THEORY AND PRACTICE journal. Each case author was intimately involved with his or her respective case.

Efficacy and Outcomes

Reviews

"The book is a rich, readable introduction to entrepreneurship well positioned to excite undergraduate students about entrepreneurship, help them avoid pitfalls, and successfully pursue entrepreneurial careers. The book is also a wonderful reference for students that can be on their bookshelf throughout their career to remind them of the fundamentals of entrepreneurship."

— James V. Green, University of Maryland, College Park

"The text is used widely and deserves its strong reputation in the world of entrepreneurship education."

— Robert S. D'Intino, Rowan University

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

WebTutor™ on Blackboard® Instant Access Code  (ISBN-10: 0324598505 | ISBN-13: 9780324598506)

The WebTutor™ online teaching and learning environment brings together content management, assessment, communication, and collaboration capabilities for enhancing in-class instruction or delivering distance learning. For more information, including a demo, visit http://webtutor.cengage.com.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

WebTutor™ on WebCT™ Instant Access Code  (ISBN-10: 0324598491 | ISBN-13: 9780324598490)

The WebTutor™ online teaching and learning environment brings together content management, assessment, communication, and collaboration capabilities for enhancing in-class instruction or delivering distance learning. For more information, including a demo, visit http://webtutor.cengage.com.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

Student Supplements

WebTutor™ on Blackboard® Instant Access Code  (ISBN-10: 0324598505 | ISBN-13: 9780324598506)

The WebTutor™ online teaching and learning environment brings together content management, assessment, communication, and collaboration capabilities for enhancing in-class instruction or delivering distance learning. For more information, including a demo, visit http://webtutor.cengage.com.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

WebTutor™ on WebCT™ Instant Access Code  (ISBN-10: 0324598491 | ISBN-13: 9780324598490)

The WebTutor™ online teaching and learning environment brings together content management, assessment, communication, and collaboration capabilities for enhancing in-class instruction or delivering distance learning. For more information, including a demo, visit http://webtutor.cengage.com.

List Price = $53.00  | College Bookstore Wholesale Price = $53.00

Meet the Author

Author Bio

Donald F. Kuratko

Dr. Donald F. Kuratko (known as "Dr. K") is the Jack M. Gill Distinguished Chair of Entrepreneurship; Professor of Entrepreneurship; and Executive & Academic Director of the Johnson Center for Entrepreneurship & Innovation at the Kelley School of Business, Indiana University – Bloomington. He is considered a prominent scholar and national leader in the field of entrepreneurship, authoring over 190 articles and 30 books on aspects of entrepreneurship and corporate innovation, including one of the leading entrepreneurship books in the world today, ENTREPRENEURSHIP: THEORY, PROCESS, & PRACTICE. Dr. K was honored by his peers in Entrepreneur magazine as the #1 Entrepreneurship Program Director in the nation, as well as being selected one of the Top Entrepreneurship Professors in the United States by Fortune magazine. Professor Kuratko has been named one of the Top 50 Entrepreneurship Scholars in the world and 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 has honored Dr. K with the Entrepreneurship Advocate Award for his contributions to the development of the discipline of entrepreneurship, and the Entrepreneurship Mentor Award for his work in the scholarly development of Ph.D. students and junior-level faculty in the entrepreneurship field.