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EntrepreneurialEnvironment

The environment in which an entrepreneur operates is different from that of a regular manager or worker. It has fewer resources, more uncertainty, less structure, etc.

Resources of the startup venture (Greene Brown 1997)

• Human
• Social
• Organizational
• Physical
• Financial

Environmental issues:

• Location - affected by role models, sources such as universitites, predicts emergence (uncited Bygrave, Portable MBA).
• High growth industry predicts success.

What are the implications of these environments? What can we say about them?