There is a wide variety of types of entrepreneurs , but no one formula for success. However, there are many successful entrepreneurs. Understanding why some entrepren-eurs succeed while others fail is important to help future entrepreneurs in their efforts to be ssuccessful. Entrepreneurship is the economic engine driving many nations" econom-ies in the global competitive landscape. Entrepreneurship and innovation have become important for young and old and for large and small firms in all

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... of industries.Res-earch conducted has shown that in receant years almost 100 percent of the new jobs in the United States were created by entrepreneurial firms of less than two years age".) As result, this chapter focuses on strategic entrepreneurship.