Effectual Entrepreneurship, Third Edition
Practically Speaking
Breath of Fresh Air
Although founded in 1958, this firm remains highly innovative and entrepreneurial by carefully cultivating its corporate culture and team size.
Entrepreneur: W.L. Gore
Entity: W. L. Gore & Company
Country: USA
Pages 346-348 in
Chapter 20 The Venture Grows Up: Create an Entrepreneurial Culture (pp. 335 to 354)
"Adventurers from New York to Nepal have long appreciated Gore-Tex. The material's seemingly paradoxical ability to keep the weather out while enabling perspiration to escape enables a wide range of functional and comfortable outerwear. Noting that the firm which delivered this innovation, W. L. Gore & Associates, was established in 1958, we take a closer look at how the company has stayed entrepreneurial for such a long time.
No Climate for Innovation
W. L. "Bill" Gore started his career at DuPont in 1945 and joined a team finding applications for a novel polymer called polytetrafluoroethylene—Teflon, to the rest of us. Bill experimented with the material as a tough, heat-resistant coating for wiring, an application he felt offered great potential given the likely rise of the computer.
Convinced of its technical merits, he tried unsuccessfully to persuade DuPont to develop Teflon-coated cable. Frustrated, in 1958 he created his own firm with his wife Vieve in their basement. W. L. Gore & Associates' cable product created a market. Within ten years, the firm employed more than 200 people, and Gore cable was used on a mission to the moon."
Under Construction: Join Us in Co-Creation!

Video Resources
References & Links
- How Starbucks Became An $80B Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=XUBeH7VQaFY&t=50s
- Howard Schultz. (n.d.-a). Schultz Family Foundation. Retrieved April 20, 2025, from https://schultzfamilyfoundation.org/team-member/howard-schultz/
- Howard Schultz. (n.d.-b). Forbes. Retrieved April 20, 2025, from https://www.forbes.com/profile/howard-schultz/
- Howard Schultz. (2025). In Wikipedia. https://en.wikipedia.org/w/index.php?title=Howard_Schultz&oldid=1285405168
- Howard Schultz: An Overview of the Entrepreneur’s Career - 2025. (n.d.-c). MasterClass. Retrieved April 20, 2025, from https://www.masterclass.com/articles/howard-schultz-life-and-career
- hpeiper. (2018, September 4). Schultz to young entrepreneurs: ‘It can happen for you’. Starbucks Stories EMEA. https://stories.starbucks.com/emea/stories/2018/bocconni-university/
- Starbucks CEO Howard Schultz: How to Be Strategic Thinkers | Inc. - YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=Q5Djl9_Xc3w
- Starbucks’ CEO Talks Business—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=83yInyY1KLs&t=152s
- Starbucks’s Howard Schultz: From Coffee Entrepreneur to Three-Time CEO. (n.d.). WSJ. Retrieved April 20, 2025, from https://www.wsj.com/story/starbuckss-howard-schultz-from-coffee-entrepreneur-to-three-time-ceo-439768fc
- Taylor, K. (2017, December 13). From Brooklyn to Billionaire: The Story of How Howard Schultz Transformed Starbucks Into an $84 Billion Business. Inc. https://www.inc.com/business-insider/howard-schultz-chairman-former-ceo-starbucks-successful-billionaire-coffee.html
- The Man Behind Starbucks Reveals How He Changed the World—YouTube. (n.d.). Retrieved April 20, 2025, from https://www.youtube.com/watch?v=LnA7n9qSB7E&t=255s
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