The idea of ​​garage entrepreneurs – that company in a garage (or basement or bedroom or kitchen) begins – is a very popular contemporary legend, but not quite right. Academic research now asserts that entrepreneurs often organizational products you usually acquire the confidence, business skills and social connections through knowledge in existing organizations. These psychological and social resources aid entrepreneurs in forming companies. Although the faith of the garage … Read more »

The idea of ​​garage entrepreneurs – that company in a garage (or basement or bedroom or kitchen) begins – is a very popular contemporary legend, but not quite right. Academic research now asserts that entrepreneurs often organizational products you usually acquire the confidence, business skills and social connections through knowledge in existing organizations. These psychological and social resources aid entrepreneurs in forming companies. Although the faith of the garage entrepreneur contributes to the preservation of American ideals of equal opportunity and upward social mobility, it offers insights into misleading would-be entrepreneurs, because it suggests a undersocialized view of the entrepreneurial process. Individuals, businesses, policy makers and business schools in recasting the garage as a contemporary legend, and focused instead on the lessons that can be derived from an understanding of entrepreneurs as organizational products benefit.
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from
Pino G. Audia
Christopher I. Rider
Source: California Management Review
24 pages.
Release date: 01 November, 2005. Prod #: CMR322-PDF-ENG
Garage and an idea: What more does an entrepreneur? HBR case solution