"Tourists" or "Visitors" which is the correct target for tourism? On the first day of JASVE Annual Academic Meeting 2013, this point was discussed. At first, based on the discussion, the differences of not only definitions but also of categories among international（TSA）, Okinawa and Hawai‘i standard macro tourism statistics are verified in this report. Then, judging from IS balance, the magnitude of tourism as the key industry in Okinawa are verified as well. Considering the almost 60% budget dependence of the prefecture's economy and its background of that, the possibility of distorted resource distributions in the asset market. This is because of unreasonable nominal (prices) economy is pointed out. Also, in this report, a disparity of people as a result of such distortion is mentioned. As a result of the disparity, existence of "the vicious cycle of poverty" is confirmed during not only one's prime of life but also the next generation. However, in this report, relatively high potential growth and room for venture are mentioned regardless of the above situation. Finally, this report is closed with the eager for not only venture but also venture education suited to Okinawa.

To sustain a competitive advantage, it is necessary to develop new business, both building upon and moving beyond the core business. Innovation creates new business, and such innovation is carried out by entrepreneurs. This paper investigates the entrepreneurship education offered by business schools, and presents a case study of corporate venturing by a retailer of electronic equipment in Japan. The CEO of this company entered business school with the aim of learning how to grow his company. For his thesis he wrote about corporate venturing, earning a Master of Business Administration degree and gaining an awareness of new business opportunities. During this process, he was able to develop new business by drawing on the advice and constructive comments of his business school supervisor and classmates. Also, for his business he developed many connections, some strong and some weak. Such connections helped to provide informational diversity and to foster a mental commitment to his business. A business school education can provide an opportunity for entrepreneurs to enhance their present abilities. In particular, students strengthen their entrepreneurship through seminar work at school. This paper discusses possible methods of entrepreneurship education in business school.

When we investigate the conditions under which the long-established onsen-ryokan, Japanese style hot-sprig inn, has survived, we can find the various types of business development models. Ogoto onsen area, which we take up in this paper, has been sluggish under the burden of past negative images accompanied by the temporary boom of amusement business in this district in 1970s. Two owners of onsen-ryokan, who succeeded their business in those days, have felt a sense of crisis to the situation at that time, and progressed the changes to break down the conventional customs and traditions as local entrepreneurs. At the same time, they exerted themselves to train the young successors of the next generation, and focused on their own team- building. They become now the new owners of onsen-ryokan and challenge to the local revitalization as the main entrepreneurs under the strong solidarity.