Author Archives: Robert W Price

What is the history of entrepreneurship in America?

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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?

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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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Does Your Business Support Social Entrepreneurship? Start Your Corporate Social Responsibility Audit

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Is your company a good global citizen? Does your company “walk-the-talk?” How do you know? Do you want to “unleash” the social entrepreneurs at your work? This audit will help you measure your company’s actual social performance against the social objectives it has set for itself. Many successful companies have become world-renowned for incorporating social causes and social initiatives into

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Thuuz Sports CEO and Former Venture Capitalist Warren Packard Describes His Launch

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Many would-be entrepreneurs aim to bring the next great idea to the market, but those dreams rarely come to fruition without the know-how to navigate the entrepreneurial system. As a former venture capitalist, Warren Packard, now founder and CEO of Thuuz Sports, knows this firsthand. He and his startup team formulated a very intentional strategy to test their idea, acquire

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