Strategic Management
4th Edition
ISBN: 9781259927621
Author: Frank T. Rothaermel The Nancy and Russell McDonough Chair; Professor of Strategy and Sloan Industry Studies Fellow
Publisher: McGraw-Hill Education
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Question
Chapter 7, Problem 3MS
Summary Introduction
Case summary:
It is given that higher education would limit the ability of an individual to innovate and start a new business. The case stated that there is a complex link between entrepreneurship and education. A capable individual will become an entrepreneur without the help of a college degree. The business innovation was chosen by many entrepreneurs rather than degree.
The two views of being the entrepreneurs are more than 75 percent of graduates are becoming entrepreneurs and it is stated that higher education is an enemy to entrepreneurship due to the impact of education loan.
To determine: The advantages of taking on personal debt to finance a higher education.
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