Fundamentals of Management, 8th ed

Summary of Learning Outcomes and Key Points 119

Discussion Questions 119

Building Effective Conceptual Skills 120

Building Effective Technical Skills 120

Skills Self-Assessment 121

Experiential Exercise 121

Management at Work 122

You Make the Call: The Embargo Grinds On 124

Endnotes 124

C H A P T E R 5

Entrepreneurship and New Venture Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127

The Nature of Entrepreneurship 129

The Role of Entrepreneurship in Society 129

Job Creation

131

Innovation

132

Importance to Big Business

133

Strategy for Entrepreneurial Organizations 133

Choosing an Industry

133

Services,

133 • Retailing,

134

Contents

ix

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