The Entrepreneurial Shift: Americanization in European by Robert R. Locke

By Robert R. Locke

This ebook is a provocative research of ways American-led entrepreneurship remodeled company schooling in Europe. beginning with Silicon Valley's excessive know-how companies, and studying company faculties in France, Germany, and the Czech Republic, Robert Locke exhibits how administration schooling shifted in accordance with an more and more entrepreneurial enterprise context. His paintings is a vital contribution that would be of curiosity to lecturers, scholars, and company execs interested in present proposal on what might be taught and emphasised in modern enterprise schooling.

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40 The Entrepreneurial Shift entrepreneurialism itself, not the technologies, became the subject. This excitement about the entrepreneurialism in Silicon Valley led to academic redefinitions of the field. Alain Fayolle has observed that, in the 1990s, American researchers began to define entrepreneurship as a “process, which takes place in different environments and under different configurations, which introduces change in the economic system through innovation, by individuals who generate or respond to economic opportunities and who create value both for themselves and for society” (Fayolle, 2001, p.

Not initially, as the first venture capital firm started in Boston right after World War II, but by the mid-1980s major financial institutions had moved into the venture capital market in the valley. Silicon Valley’s own social network created a self-support system of finance, reinvesting part of their wealth in fostering the next generation of entrepreneurs (Castells and Hall, 1994, p. 19). 4 billion in total venture investments, 15 percent went to Massachusetts-based companies and 38 percent went to California” (Saxenian, 1994, p.

When commenting about Silicon Valley’s entrepreneurialism, the remarks of European peripatetics are the most colorful. Internet articles urged the French and Germans to go west and visit the El Dorado. People who did usually experienced a business culture shock. Anja Phenomenal Silicon Valley; second Americanization 41 Dilk, in a report entitled “Kulturcrash im Silicon Valley – DeutschAmerikanische Grenzerfahrungen,” describes how Thomas Neubert reacted when sent out by his Munich firm in 1991 to find start-up ideas for investment: The start-uppers do not work in a brightly lighted office-land as would be expected in Neubert’s Munich firm.

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