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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Translated and reprinted with permission from Dowling/Drumm Gründungsmanagement (Entrepreneurship) Springer Verlag, 2003.

Editors: Michael Dowling, Hans Juergen Drumm (University of Regensberg)

Reviewer: Timothy B Folta (Purdue University)

Chong, M.L. et al. (2000): The Silicon Valley Edge, Stanford, CA. pp. 120-121.

Covin, J.G. and Slevin, D.P. (1997): High Growth Transitions. Theoretical Perspectives and Suggested Directions. In: Sexton, D.L, and Smilor, R.W., 1997. pp. 99-125.

Christensen, C.M. (1997): The Innovator’s Dilemma. Boston.

Drumm, Hans Jürgen (2000): Personalwirtschaft. 4. Aufl. Berlin usw.

Frank, E. and Opitz, C. (2001): Internet-Start-Ups—Ein neuer Wettbewerber unter den „Filteranlagen“ für Humankapital. Zeitschrift für Betriebswirtschaft 71. Jg.: 453-469.

Hutzschenreuter, T. (2001): Wachstumsstrategien. Einsatz von Management-kapazitäten zur Wertsteigerung. Wiesbaden.

Kazanjian, R.K. and Drazin, R. (1990): A stage-contingent model of design and growth for technology-based new ventures. Journal of Business Venturing (5): 137-150.

Kühlhorn, G. and Wissdorf, F. (2001): Jobmotor Mittelstand. Impulse März 2001-05-28: 20-27.

Lechner, C. (2000): The Competitiveness of Firm Networks. Frankfurt usw.

McGee, J.E., Dowling, M.J. and Megginson, W.L. (1995): Cooperative strategy and new venture performance. The role of business strategy and management experience. In: Strategic Management Journal 16(7): 565-580.

Porter, M. (1992): Wettbewerbsvorteile. 3. Aufl. Frankfurt/Main.

Porter, M.E. and Rivkin, J.W. (2000): Industry Transformation. Harvard Business School. Publishing N9-701-008, July 10.

Scherrer, G. (1999): Kostenrechnung. 3. Aufl. Stuttgart.

Sexton, D.L. and Bowman-Upton, N.B. (1991): Entrepreneurship: Creativity and Growth. New York.

Sexton, D.L. and Smilor, R.W. (1997): Entrepreneurship 2000. Dover.

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About the chapter author

Professor Michael Dowling is Professor for Innovation and Technology Management at the University of Regensburg. He received his PhD in Business Administration from the University of Texas at Austin in 1988. His research interests include the strategic management of technology, especially in the telecommunications industry, high technology entrepreneurship, and the relationships between technology, public policy and economic development.

About the chapter editor

Professor Hans Jürgen Drumm is a retired Professor of Business Administration with a focus on Human Resource Management and Organization Theory. He received his doctorate at the Free University of Berlin and his Habilitation at the University of the Saarland.

Translated and reprinted with permission from Dowling/Drumm Gründungsmanagement (Entrepreneurship) Springer Verlag, 2003.

Questions & Answers

it is the relatively stable flow of income
Chidubem Reply
what is circular flow of income
Divine Reply
branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
poudel Reply
is gdp a reliable measurement of wealth
Atega Reply
introduction to econometrics
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Tom
Why is unemployment rate never zero at full employment?
Priyanka Reply
bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Waeth
discus major problems of macroeconomics
Alii Reply
what is the problem of macroeconomics
Yoal
Economic growth Stable prices and low unemployment
Ephraim
explain inflationcause and itis degre
Miresa Reply
what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
Chisomo Reply
how to calculate actual output?
Chisomo
how to calculate the equilibrium income
Beshir
Criteria for determining money supply
Thapase Reply
who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
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money as unit of account means what?
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A unit of account is something that can be used to value goods and services and make calculations
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Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
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hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
Galge Reply
if interest rate is increased this will will reduce the level of income shifting the curve to the left ◀️
Kalombe
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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