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The first use of second-wave strategies was in the late 1960s [8] and early 70s. [1] In second-wave economic development, practitioners began to use strategies to retain and expand existing firms. They also included a focus on small business development [2] through entrepreneurial tools like loans and enterprise zones. [9]
Entrepreneurial orientation (EO) is a firm-level strategic orientation which captures an organization's strategy-making practices, managerial philosophies, and firm behaviors that are entrepreneurial in nature. [1] Entrepreneurial orientation has become one of the most established and researched constructs in the entrepreneurship literature.
Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. [1] It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. [2]
You have a gift or skill you believe can help you make money, so you step out and decide to become your own boss. Congratulations! After a while, you recognize that everything associated with being...
The United States tax code can be a complex beast, and many small business owners and entrepreneurs don't take advantage of all of the deductions and strategies at their disposal. Check Out: Should...
Drawing on contingency theory, an idea central to new business development is that different product-market- technology combinations can require different marketing strategies and business models to make them a success (Tidd et al., 2005).