546 ENTREPRENEURSHIP
the employee report the offer and try to do a
better job servicing the customer within the
current employment relationship? There is an
economic side here as well. A firm with a sin-
gle customer is vulnerable. The customer
may feel the entrepreneur is in some way
obligated to give the customer the best deal
because of their history together. The new
firm’s employees will, of course, know the
circumstances of their firm’s founding and
may replicate it when the time comes.- Much of the discussion on spin-offs is adapt-
ed from D. Garvin, “Spin-Offs and the New
Firm Formation,” California Management
Review 25, l983: 3–20. - U. Gupta, “Blending Zen and the Art of
Philanthropic Pastry Chefs,” The Wall Street
Journal, January 2, 1992. - A. Singh, “Out of the Office, Into the
Classroom,” The Wall Street Journal, March
7, 2006: B5. - Shapero and Sokol, 1982.
- Grousbeck et al., 1989.
Chapter 3- From Sharon M. Oster, Modern Competitive
Analysis (Oxford University Press, UK:
l994): 124. - J. McMullen and D. Shepherd,
“Entrepreneurial Action and the Role of
Uncertainty in the Theory of the
Entrepreneur,” Academy of Management
Review31, no. 1, 2006: 132-150. - The model has antecedents in the work of
many industrial organization economists, but
it was Michael Porter’s book that made the
analysis compulsory for noneconomics
majors in all business schools. See M. Porter,
Competitive Strategy(New York: Free Press,
1980). - L. Fahey and V. K. Narayanan,
Macroenvironmental Analysis for Strategic
Management (St. Paul, MN: West
Publishing, 1986). - Focus groups are small panels of experts or
interested individuals who have special
knowledge of the problem at hand. - K. Alexander, “From Google to Noodles: A
Chef Strikes Out on His Own,” New York
Times, 2005. Retrieved from the Web
September 20, 2005. http://www.nytimes.
com/2005/09/20/business/business. - K. Alexander, “From Google to Noodles: A
Chef Strikes Out on His Own,” NewYork
Times, 2005. Retrieved from the Web
Spetember 20, 2005. http://www.nytimes.
com/2005/09/20/business/business.- J. Pearce and R. Robinson, Strategic Manage-
ment, 4th ed. (Homewood, IL: Irwin, 1991). - M. Bhave, “A Process Model of Entrepre-
neurial Venture Creation,” Journal of Business
Venturing 9, 1994: 223-242. - L. Buchanan, “Bringing Back a Classic,”Inc.,
August 2003: 46.
11.“Japanese Business Methods,”Economist,
April 4, 1992: 19–22. - S. Munoz, “Court Denies Smucker Patent
Bid,” The Wall Street Journal,April 11, 2005:
B5. - J. Hookway, “A Paradox for Poor Nations,”
The Wall Street Journal, May 9, 2005: A20. - Fahey and Narayanan, 1986.
- E. Olson, “After the Flood, Free Advice for
Entrepreneurs in Need,” New York Times,
February 21, 2006. Retrieved from the Web
February 25, 2006. http://www.nytimes.
com/2006/02/21/business. - This section is largely derived from Fahey and
Narayanan, Macroenvironmental Analysis,
- J. Surowiecki, ”Printing Money,” New Yorker,
April 3, 2006. Retrieved from the Web May
15, 2006. http://www.newyorker.com/talk/
content/articles/060403ta_talk_surowiecki.
18.J. Goldenberg, D. Lehmann and D.
Mazursky,“The Idea Itself and the
Circumstances of its Emergence as Predictors
of New Product Success,” Management
Science47, 2001: 69-84. - B. Wattenberg, “America by the Numbers,”
The Wall Street Journal, January 3, 2001:
A11. - J. Millman, “’El Gringo Malo’ Wins Fans
Airing Spanish Baseball,” The Wall Street
Journal,September 14, 2004: B1. Also see
the Web site at http://www.sbnbeisbol.com/. - Retrieved from the Web May 16, 2006.
http://geography.about.com/cs/worldpopula-
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tion.” In T. Parsons and E. Shils (eds.),
Toward a General Theory of Action
(Cambridge: Harvard University Press,
1962): 338-433.
23.Distributive justice refers to the desirable dis-
tribution of the wealth of society among its
members.