Author Archives: Robert W Price

NVCA Report – How Immigrant Entrepreneurs Contribute To U.S. Economy


Report Commissioned by the National Venture Capital Association Shows Impact of Immigrants on American Jobs, Markets, and Innovation, Confirming Broad Support for High-Skilled Immigration Reform American Made 2.0: How Immigrant Entrepreneurs Continue to Contribute to the U.S. Economy finds that immigrants are having an even greater impact on U.S. competitiveness today, despite high-skilled immigration policies that many believe harm job

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What is cause marketing?


Discussions of Marketing Strategies and Working With Nonprofits Definition: Social cause marketing is the planning and implementation of sound marketing concepts and tools in commercial marketing programs in existing companies that are designed to influence individuals, modify behaviors that improve their well being, and bring about change in society. Learn how you can incorporate social cause marketing into your business plan Social

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What is the history of entrepreneurship in America?


Entrepreneurship is the vehicle for creating new jobs, generating revenue, advancing innovation, enhancing productivity, and improving business models and processes. Despite the challenges, entrepreneurship has never before been more vital to our economy than it is today. It is our best offense for economic progress and our finest defense against the status quo. Promoting entrepreneurship is in everyone’s best interest.

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What is the entrepreneurial life cycle?

The Entrepreneurial Life Cycle repeats itself in businesses of all sizes, from start-ups in a garage to corporate entrepreneurship activities in global Fortune 500 companies. It starts with an entrepreneur who perceives an opportunity, creates an organization to pursue it, assembles the required resources, implements a practical plan, assumes the risks and the rewards, all in a timely manner for

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What is capitalism?

Capitalism depends on harnessing private motives to produce the goods and services that the public wants as efficiently as possible. Historian Charles Van Doren leads us to the early roots of “primitive capitalism” in his book A History of Knowledge: Past, Present, and Future. He provides insight to the ancient Egyptians, economic life before the peasant, the introduction of the

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What is socialism?

Knowing that I am a professor teaching entrepreneurship a friend sent this funny email. After reading this, you can understand the definition of socialism in one minute. An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. The class had insisted that socialism worked

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How does economics connect to entrepreneurship?


Discussions of Why Economics Matters to Entrepreneurs Entrepreneurship is seeing some great popularity at universities these days. The concept of entrepreneurship has been in our modern society for thousands of years and in the history of economic study. But we somehow delegate the subject and learning of economics to the academics and policy makers. Almost never are the two subjects

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Entrepreneurship Quote – Establishing Your Barriers to Entry


Building a castle is difficult. Defending and maintaining it is harder still. – Asian proverb Establishing Your Barriers to Entry – Defending Your Castle As you prepare your value map, consider how you can create an antibiotic against harmful organisms. Antibiotics have long existed in the biological world before Alexander Fleming’s work on penicillin in 1928. They are chemicals produced

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