Self-confidence, persistence, flexibility, and an affinity for success are the hallmarks of an entrepreneur: A person who'll take an idea and run with it — frequently to the bank.

Each year, the Spirit of Enterprise Center at the W. P. Carey School of Business presents the Spirit of Enterprise Awards™ to companies that demonstrate ethics, energy and excellence in entrepreneurship.

All entrepreneurship is not the same. Innovative entrepreneurs create and commercialize new products, services and business practices, in contrast to the replicative entrepreneurs — those who open businesses that support a growing population, such as restaurants and dry cleaners.

What is small business? According to the Small Business Administration's size standards, an enterprise may still be considered "small" if it employs as many as 1,500 people with revenues up to $32.5 million.

An outgrowth of Motorola in the late 1980s, Iridium was set up to be the world's first global wireless phone company.

A study of entrepreneurial cultures by W. P. Carey School of Business management professor Angelo Kinicki revealed similarities in leadership styles of the most successful companies.

There is a significant correlation between higher education and small-business success, according to a recent study by Behavior Research Center of Phoenix conducted in partnership with the Spirit of Enterprise Center at the W. P. Carey School of Business.

A classic is defined as something that has lasting significance or worth. Knowledge@W. P. Carey offers a selection of books that have passed the test for a group of W. P. Carey School of Business faculty.

What does it take to get a new venture up and running? Conventional wisdom suggests that the entrepreneurs should hit the pavement in high gear and then keep up the pace. Research shows, however, that speed alone is not a guarantee for success.

Entrepreneur magazine recently ranked Arizona as the top hot spot for entrepreneurs. However, it is replicative, not innovative, entrepreneurs who are flourishing in Arizona.