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Entrepreneurship - International Student Edition
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Entrepreneurship - International Student Edition
The Practice and Mindset

Third Edition


February 2024 | 600 pages | SAGE Publications, Inc

Entrepreneurship: The Practice and Mindset catapults students beyond the classroom by helping them develop an entrepreneurial mindset so they can create opportunities and take action in uncertain environments. Based on the world-renowned Babson Entrepreneurship program, this text emphasizes practice and learning through action. Students learn entrepreneurship by taking small actions to get feedback, experiment, and move ideas forward. They will walk away from this text with the entrepreneurial mindset, skillset, and toolset that can be applied to startups as well as organizations of all kinds. Whether your students have backgrounds in business, liberal arts, engineering, or the sciences, this text will take them on a transformative journey and teaches them crucial life skills

 
Chapter 1: Practicing Entrepreneurship
Entrepreneurship May Be Different From What You Think

 
Beyond the Startup: Ways to Access Entrepreneurship

 
Entrepreneurship Is a Method That Requires Entrepreneurial Thinking

 
The Entrepreneurship Method Described

 
Entrepreneurship Takes Deliberate Practice

 
 
Chapter 2: Activating an Entrepreneurial Mindset
What Is Mindset?

 
The Entrepreneurial Mindset

 
How Your “Why Statement” Connects to Your Entrepreneurial Mindset

 
Habits to Practice for an Entrepreneurial Mindset

 
 
Chapter 3: Creating and Recognizing New Opportunities
The Two Dimensions of Social Entrepreneurship

 
Social Entrepreneurs Solve Wicked Problems

 
Types of Social Entrepreneurship

 
Funding Social Ventures

 
Social Entrepreneurs and Their Stakeholders

 
Measuring Impact

 
 
Chapter 4: Using Design Thinking
What Is “Opportunity” in Entrepreneurship?

 
Opportunities Start With Thousands of Ideas

 
Four Pathways to Opportunity Identification

 
The IDEATE Method for Creating New Opportunities

 
Challenges Moving From Idea to Opportunity

 
 
Chapter 5: Building Business Models
What Is Design Thinking?

 
Design Thinking Is Human Centered

 
Design Thinking Requires Empathy

 
The Design-Thinking Process: Five Phases

 
A Deeper Dive Into Observation and Interviewing

 
Service Design Thinking

 
 
Chapter 6: Developing Your Customers
What Is a Business Model?

 
The Four Parts of a Business Model

 
The Customer Value Proposition

 
Different Types of CVPs and Customer Segments

 
Two Canvases, One Business Model

 
 
Chapter 7: Testing and Experimenting With New Ideas
Customers and Markets

 
Customer Psychology

 
Customer Segmentation

 
Market Sizing

 
 
Chapter 8: Developing Networks and Building Teams
Experiments: What They Are and Why We Do Them

 
Types of Experiments

 
A Deeper Look at Prototypes

 
The Scientific Method Applied to Entrepreneurship

 
Interviewing for Customer Feedback

 
The Reward of Gathering Your Own Evidence

 
 
Chapter 9: Creating Revenue Models
The Power of Networks

 
The Value of Networks

 
Building Networks

 
Networking to Build the Founding Team

 
 
Chapter 10: Planning for Entrepreneurs
What Is a Revenue Model?

 
Generating Revenue From “Free”

 
Revenue and Cost Drivers

 
Pricing Strategies

 
Calculating Price

 
 
Chapter 11: Anticipating Failure
Failure and Entrepreneurship

 
The Failure Spectrum

 
Fear of Failure

 
Learning From Failure

 
Using Resilience to Overcome Failure

 
 
Chapter 12: Bootstrapping and Crowdfunding for Resources
What Is Bootstrapping?

 
The Bootstrapped Startup

 
Crowdfunding Versus Crowdsourcing

 
Crowdfunding Startups and Entrepreneurship

 
The 4 Contexts for Crowdfunding

 
A Quick Guide to Successful Crowdfunding

 
 
Chapter 13: Financing for Startups
What Is Equity Financing?

 
The Basics of Valuation

 
Angel Investors

 
Venture Capitalists

 
Due Diligence

 
 
Chapter A Supplement A: Financial Statements and Projections for Startups
3 Essential Financial Statements

 
The Journey of Cash: The Cash Conversion Cycle

 
Building Pro Forma Financial Statements

 
Building Assumptions: Operating Policies and Other Key Assumptions

 
 
Chapter 14: Navigating Legal and IP Issues
Legal Considerations

 
Types of Legal Structures

 
Intellectual Property (IP)

 
Global IP Theft

 
Hiring Employees

 
 
Chapter 15: Engaging Customers Through Marketing
The Basic Principles of Marketing

 
Entrepreneurial Marketing

 
Building a Brand

 
Digital Marketing

 
Influencer Marketing

 
 
Chapter 16: Supporting Social Entrepreneurship
Planning for Pitching

 
The Most Common Planning Activities for Entrepreneurs

 
The Questions That Any Type of Planning Document Must Answer

 
Pitches Take Many Forms

 
The Pitch Deck

 
Pitching

 

For instructors

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