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;Chapter 1;Brainstorming;Text A;Text AThe Founder’s Dilemma;Text AThe Founder’s Dilemma;Text AThe Founder’s Dilemma;Inside the Founder’s Mind;Inside the Founder’s Mind;Growing Pains;Growing Pains;Growing Pains;Growing Pains;Time to Choose;Time to Choose;Time to Choose;Keeping Founders on Board;Keeping Founders on Board;Time to Choose;Time to Choose;Time to Choose;Creative Destruction
Creative destruction can be described as the dismantling of long-standing practices in order to make way for innovation. Creative destruction was first coined by Austrian economist Joseph Schumpeter in 1942. Schumpeter describes creative destruction as innovations in the manufacturing process that increase productivity, but the term has been adopted for use in many other contexts.
;Theory of Need of Achievement
The need for achievement theory was propounded by McClelland. His assumption is that the desire of high achievements obtaining specific achievements, making the best performance, touching the heights of excellence, developed entrepreneurial tendencies in the individuals. But, for that, the entrepreneur should have adequate capacity of imaginations, thinking and developing new combinations. ;Entrepreneurial Group Theory
This theory was propounded by Frank W. Young. The theory is based on the assumption that expansion of entrepreneurial activities is possible only by entrepreneurial groups. Because they have specialties is in the groups, and capacity to react.;Process of Stage Theory
Within accepted theory, process or stage theory has been developed by Venkat Rao. His assumption is that entrepreneurship development a process of five following stages:
(1) Simulation
(2) Identification of Entrepreneurial Abilities and Capacities in the Society
(3) Development and Expansion of Entrepreneurs
(4) Promotion
(5) Follow Up;Text BThree lessons for entrepreneurs from insideAlibaba’s Taobao University;Text CHow The Best Entrepreneurs Succeed;;Organizational Structure;Brainstorming;Build
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