The Entrepreneurial Dilemma in the Life Cycle of the Small Firm: How the firm and the entrepreneur change during the life cycle of the firm, or how they should change

Enno Masurel
Vrije Universiteit Amsterdam, The Netherlands

Product Details
28 May 2019
Emerald Publishing Limited
152 pages - 152 x 229mm


Entrepreneurial dilemmas play an important, though heavily underexposed, role in the life cycle of the small firm. This book defines the entrepreneurial dilemma as a situation where entrepreneurs have to choose between multiple future courses of action concerning their firm, without sufficient information to make that choice.  

The Entrepreneurial Dilemma in the Life Cycle of the Small Firm enables lecturers, researchers and practitioners in the fields of entrepreneurship, small business development and business administration to understand these entrepreneurial dilemmas and ways to resolve them. 

This book presents an in-depth analysis of the modern theories in the field of entrepreneurship, including innovation, sustainable entrepreneurship, characteristics of small businesses, the life cycle of the firm, entrepreneurial behavior and small business finance. 

Enno Masurel provides a clear overview of the opportunities that teaching entrepreneurship in a higher education context offers, and embodies this teaching within ten universal cases that will help readers to further understand the the dilemmas faced by entrepreneurial activity in the development of small firms.
Chapter 1: Theoretical background of entrepreneurship 
Section 1.1 Entrepreneurship 
Section 1.2 Innovation 
Section 1.3 Sustainable entrepreneurship 
Section 1.4 Characteristics of small businesses 
Section 1.4.1 Quantitative characteristics 
Section 1.4.2 Qualitative characteristics 
Section 1.5 Stages in the development of small businesses (life cycle of the firm) 
Section 1.5.1 Protection of the start-up firm 
Section 1.5.2 Exit strategies 
Section 1.6 Different types of entrepreneurs 
Section 1.7 Different roles of the entrepreneur 
Section 1.8 Entrepreneurial competences 
Section 1.9 Entrepreneurial motivation 
Section 1.10 Entrepreneurial behavior 
Section 1.11 Small business finance 
Chapter 2: Entrepreneurship Education 
Section 2.1 Three approaches in entrepreneurship education 
Section 2.2 Different teaching forms of entrepreneurship education 
Section 2.3 Different teaching materials for entrepreneurship education 
Section 2.4 The consistency between the teaching approaches in, the teaching forms of and the teaching materials for entrepreneurship education  
Chapter 3: Cases with The Entrepreneurial Dilemma in the Development of the Small Firms 
Case 1: To protect or not to protect (that is the question)? 
Case 2: From nascent entrepreneur to start-up entrepreneur: Capable or not? 
Case 3: From early growth to late growth: More (financial) manager or not? 
Case 4: From late maturity to decline or to closing down? 
Case 5: Scientist or university spin-off? 
Case 6: Official green or officious green? 
Case 7: Entrepreneurship outside the western world: far away or close? 
Case 8: The successor in the family business: first son or second son? 
Case 9: Entrepreneurship in the DIY sector: Franchisee or not?
Case 10: Sell the firm to the highest bidder or give it another swing?   
Appendix A. The financial plan 
Appendix B. Case: The financial plan of Pizza Pete 
Appendix C. Business Model Canvas 2018 
Appendix D. Lean Startup in a nutshell 
Appendix E. Sustainable Entrepreneurship Balanced Scorecard
Enno Masurel is a full professor in Sustainable Entrepreneurship at the Vrije Universiteit Amsterdam, the Netherlands. He had edited multiple books in innovation and entrepreneurship, including Entrepreneurship in Context (2012) and Technological Innovation Across Nations: Applied Studies of Coevolutionary Development (2009). He has also published multiple papers in the field of entrepreneurship and small business development. 

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