In general, manufacturing and production firms are organized as product- or process-focused organizations.

When choosing a banker, the entrepreneur planning a new venture should seek out an officer with a rank of assistant vice president or higher.

Submitting a professionally crafted business plan is less important than demonstrating what the entrepreneur has accomplished in the way of securing sales from real customers.

As the sources of competitive advantage at startup lose their power and competition intensifies, organizational design and capabilities become less important in a company’s long-term success.

Research has enabled us to identify a stereotypical entrepreneur.

An economic base is the region from which an entrepreneur expects to draw customers.

Every business, no matter how small, has intellectual property (IP) rights associated with it.

In reality, a great deal of luck is more important than thought and effort before a company’s products or services ever successfully reach the market.

Drucker’s five questions are the basis for the development of a business model.

Norman Seeff identified four stages in the creative process.