Chapter 1

Introduction to Entrepreneurial Strategic Management

If you want something new, you have to stop doing something old

—Peter F. Drucker

The 21st century is unlike any we have experienced in the course of human history. It is a world of advanced technologies beyond anything we could have imagined a few decades earlier. The comparison between then and now is enormous. In the 1950s, the telephone and the teletype were the main rapid communication links between companies at home and around the world. The telephone was the instrument for immediate use, and if you wanted a hard copy, you used the now almost defunct teletype system: A device that recorded information on large ribbons of perforated paper, three-quarters of an inch wide, that ...

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