Dollinger index

A Framework for Entrepreneurship 15

entrepreneur “has the intention of building a significant company that can create wealth

for the entrepreneur and investors.”^39

Street Story 1.2 describes the start-up process for Jeremiah Hutchins. He has built a

significant company by being prepared, doing some commonsense research, and using

technology to his advantage.

The new entrepreneurs come from different backgrounds too. Many of them are cor-

porate-track dropouts, pushed out by downsizing or lured out by the quest for status,

big money, or control of their personal lives. Globalization has promoted an entrepre-

neurial spirit in both big and small companies, while information technology now

enables many small start-ups to compete against big business.

Academia has also contributed to the creation of this new professional entrepreneur

class. Harvard Business School, which once had three or four professors teaching cours-

es about small business, now has 17 full-time faculty members in its entrepreneurial-

studies program. Staffing at other colleges and universities reflects the same trend. The

content of much finance, marketing, and other business courses has also been adjusted

to reflect new venture concerns and development methods. The new entrepreneurs don’t

just do; they understand what they’re doing.^40

Singapore 1 11 8 3 12
New Zealand 2 3 18 10 1
United States 3 3 22 1 10
Canada 4 1 32 13 22
Hong Kong, China 5 5 64 16 60
United Kingdom 6 9 46 17 19
Denmark 7 14 6 15 36
Australia 8 2 29 9 27
Norway 9 21 14 109 6
Ireland 10 6 20 83 80
Japan 11 18 2 36 39
Iceland 12 16 30 42 8
Sweden 13 20 17 94 7
Finland 14 18 35 111 15
Switzerland 15 27 38 24 11
Lithuania 16 48 23 119 3
Estonia 17 51 13 151 23
Thailand 18 28 3 46 18
Puerto Rico 19 8 91 33 46
Belgium 20 37 48 23 158

Registering
Economy Property

Ease of Doing

Business

Starting a

Business

Dealing with

Licenses

Employing

Workers

TABLE 1.2 World Bank Economic Rankings

SOURCE: Adapted from the World Bank, “Doing Business Economy Rankings,” 2006. Retrieved from the Web May 1, 2006.

http://www.doingbusiness.org/EconomyRankings/Default.aspx?direction=asc&sort=2