The Myth of Professional Entrepreneurship

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The Myth of Professional Entrepreneurship

• Professionals, entrepreneurs, researchers

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Myth of detecting breeding professionalized
entrepreneurs

• Horses Mercedeses, dirty look
• Clean look chance?performance
• Entrepreneurship creativity romantic
  legitimacy, legal facilitation
• Expert opinion (on top or on tap?) experts are
  plumbers not priests!
• Greed or breed or how to weave organizing around
  entrepreneurship?

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1. Wharton students, horses ICT

• NYC intermediary
• Stallions sperm to horsebreeds F, UK
• Bottleneck telex telefax prices for
  intercontinentals
• Technological fix e-mail vs telefax (legal
  status)

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1b.Entrepreneurial conversion bills

• E-mail connection NYC-UK, London telefax
  converter, telex to breeders
• 12.000 to 6.000 per month
• Costs reduced to 4.000 plus 2.000 for two
  entreprs

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2.Export quota intermediaries

• An US American in Frankfurt/Main XX
• African diplomat in Germany, e.g.Togo
• Individual order,no quota,delivery now
• Shipment to the US and sale (XXs cut)

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The entrepreneurial process clean (according to
Scott Shane,2003)

• Opportunity (got to be there)
• Discovery of opportunity
• Decision to exploit opportunity
• Resource acquisition (uncertainty)
• Entrepreneurial strategy (secrecy)
• Organizing process (design, mode)
• Performance (pudding, eating, proof)

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Dirty or clean? Clean/pure art

• Honoris Causa for Woody Allen at PF
• Recognition of an elective affinity between
  creativity in arts business
• Serendipity the mystique of pure aura of
  creation

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Dirty or clean? Quick dirty

• Silicon Valley vs Route 128 Boston (legal
  protection of employee know- how in the latter)
• Interorganizational interprofessional
  mobilities the lego module effect

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More dirty details

• 1 mln start firms per year in USA or 4 of labor
  force
• ¾ mln firms rise go broke per year
• 40 fail to survive a year, 64 - 5 yrs, 88 fail
  before 19 years are gone

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Entrepreneur vs professional (prof. experts are
plumbers, not priests)

• acts upon chance lacking agency En
• acts upon framed, gated knowhowEx
• Risks,learns failing specifiesEnterp.
• Ranks, legitimizes generalizes Exp.

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Entre- intrapreneurship modes
Independent startup (individual discovery individual exploita- tion) Spin off (organizational discovery, individual exploitation)
Acquisition/licencing (individual discovery, organizational exploi- tation) Corporate venturing(organizational discovery, organi- zational exploitation
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Increase greed or facilitate breed?

• Freedom, decentra lized power, desirable role
  model cultural incentives are pluses
  stimulating ENTRPRS
• Authoritarianism, centralized power negative
  image are minuses which slow it
• rich is glorious?
• greed is good?
• artificial by nature