College professor lecture: What is Entrepreneurship? DANGER!

John Wren's comment on this video's YouTube station:

WARNING: This short lecture is very much in line with what is taught in college classrooms across the country now, the startup approach first promoted by the Small Business Administration in 1953 and repeated by them ever since.

Problem is, it is not the way new businesses actually start. If it was the wealth of nations would benefit more from a planned economy that a market economy, lots of data to prove this just is not the case.

 For a more helpful way to think about start up see Amar Bhide's The Origin and Evolution of New Businesses, , Oxford University Press. Bhide's book provided the uncited theoretical underpinnings for the very practical and useful Harvard Business Review Press's book a few years back Just Start by Len Schlesinger and Charlie Kiefer.