Entrepreneurship: The Way Ahead

By Harold P. Welsch | Go to book overview

Chapter 2

Karl H. Vesper
University of Washington


UNFINISHED BUSINESS (ENTREPRENEURSHIP) OF THE TWENTIETH CENTURY

Introduction

A TRADITION BEGAN IN 1997 with the first of the United States Association of Small Business and Entrepreneurship (USASBE) keynote lectures. It was given by Arnold Cooper of Purdue University and carried the title: "Entrepreneurship: The Past, The Present, The Future." Now there is a challenge for this chapter. What else is there to talk about?

Actually quite a bit, because his topic does not treat "Entrepreneurship: the Wasn't, the Isn't and the Won't be." That leaves unfinished business to work on. But which of it is worth working on? This chapter will discuss that, as unfinished business, or better yet Unfinished Entrepreneurship as the opportunity of the twenty-first century.

Seven categories might help classify this unfinished business, as follows.


Legitimacy

Although entrepreneurship has certainly become fashionable, there are signs that it has not yet attained full citizenship in the academic world. There are now an estimated 200 endowed chairs in entrepreneurship, broadly defined. Many, however, have been appointed to individuals whose major dedication has been to a field other than entrepreneurship, which suggests that for many faculty members who vote on those appointments entrepreneurship is not a validated faculty source. Moreover, at some schools, such as University of Washington

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