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Entrepreneurship cover

Entrepreneurship

The Practice and Mindset

by Heidi Marie Neck, Christopher P. Neck, Emma L. Murray

3rd Edition

Publisher: SAGE Publications, Inc.

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Book Details

Print ISBN9781071884874
eText ISBN9781071884898
PublisherSAGE Publications, Inc.
Publishing Year2023
Edition3rd Edition
LanguageEnglish
Pages600

Entrepreneurship: The Practice and Mindset, 3rd Edition, is an introductory textbook designed to guide students through the core principles of creating and building new ventures. Based on the Babson Entrepreneurship program, the work emphasizes experiential learning and deliberate action to help students adopt an active entrepreneurial mindset.

The text addresses the foundational course need for hands-on venture creation frameworks across academic disciplines. Students explore opportunity recognition through the IDEATE method, execute a five-phase human-centered design thinking process, and evaluate customer value propositions using business model canvases. Further chapters explain market segmentation, market sizing, revenue models, and pricing strategies.

Recipient of a 2021 Textbook Excellence Award from the Textbook & Academic Authors Association, the textbook fits introductory courses for undergraduates in business, liberal arts, engineering, and sciences, as well as early startup founders. Prior specialized business coursework is not required for students beginning this material.

Table of Contents

  1. 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
  2. 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
  3. Chapter 3: Facilitating Social Entrepreneurship

    • • 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
  4. Chapter 4: Creating and Recognizing New Opportunities

    • • 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
  5. Chapter 5: Using Design Thinking

    • • 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
  6. Chapter 6: Building Business Models

    • • 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
  7. Chapter 7: Developing Your Customers

    • • Customers and Markets
    • • Customer Psychology
    • • Customer Segmentation
    • • Market Sizing
  8. Chapter 8: Testing and Experimenting With New Ideas

    • • 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
  9. Chapter 9: Developing Networks and Building Teams

    • • The Power of Networks
    • • The Value of Networks
    • • Building Networks
    • • Networking to Build the Founding Team
  10. Chapter 10: Creating Revenue Models

    • • What Is a Revenue Model?
    • • Generating Revenue From “Free”
    • • Revenue and Cost Drivers
    • • Pricing Strategies
    • • Calculating Price
  11. Chapter 11: Anticipating Failure

    • • Failure and Entrepreneurship
    • • The Failure Spectrum
    • • Fear of Failure
    • • Learning From Failure
    • • Using Resilience to Overcome Failure
  12. 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
  13. Chapter 13: Financing for Startups

    • • What Is Equity Financing?
    • • The Basics of Valuation
    • • Angel Investors
    • • Venture Capitalists
    • • Due Diligence
  14. Chapter 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
  15. Chapter 14: Navigating Legal and IP Issues

    • • Legal Considerations
    • • Types of Legal Structures
    • • Intellectual Property (IP)
    • • Global IP Theft
    • • Hiring Employees
  16. Chapter 15: Engaging Customers Through Marketing

    • • The Basic Principles of Marketing
    • • Entrepreneurial Marketing
    • • Building a Brand
    • • Digital Marketing
    • • Influencer Marketing
  17. Chapter 16: Pitching to Launch

    • • 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

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Reviewed by GradeFocus Editorial Team

▶Research Sources (12)
  • Entrepreneurship
  • Entrepreneurship by: Heidi M. Neck - University of Oregon Duckstore
  • [Request] Entrepreneurship The Practice and Mindset 3rd Edition ...
  • Entrepreneurship: The Practice and Mindset - Heidi M. Neck, Christopher ...
  • the practice and mindset / Heidi M. Neck, Christopher P. Neck, Emma L ...
  • The Practice and Mindset (3rd Edition) by Heidi M. Neck, Christopher P. ...
  • Entrepreneurship 3e (180 day access)
  • 9781071884898: Entrepreneurship: The Practice and Mindset
  • Entrepreneurship: The Practice... | Rent | 9781071884874
  • Entrepreneurship: The Practice and Mindset
  • Entrepreneurship : the practice and mindset / Heidi M. Neck, Babson ...
  • Chapter 2 | The Entrepreneurial Mindset: Practicing the Method

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