Loading...
Entrepreneur
- A person who organizes, operates, and assumes the risk for a business venture.
- “For Schumpeter (1950), an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.”
- “Entrepreneur comes from old French meaning, “the undertaker”. The basic concept is that the entrepreneur undertakes the risk of starting a venture. ”
Entrepreneurship
- “Entrepreneurship is the practice of starting new organizations, particularly new businesses. Entrepreneurship is often a difficult undertaking, as a majority of new businesses fail. Entrepreneurial activities are substantially different depending on the type of organization that is being started. Entrepreneurship may involve creating many job opportunities.”
- ... For K. Knight (1967) and Peter Drucker (1970) entrepreneurship is about taking risk. The entrepreneur is the kind of person that is willing to put his career and financial security on the line for an idea, spending his time and capital in an uncertain venture. Still another view of entrepreneurship is that it is the process of discovering, evaluating and exploiting opportunities. An entrepreneur could be defined as “someone who acts without regard to the resources currently under his control in relentless pursuit of opportunity ” (Jeffry Timmons). ... Howard Stevenson, of Harvard University, believes that entrepreneurship is the “pursuit of opportunity without regard to resources currently controlled”.
- Entrepreneurship is the application of pertinent skills and knowledge, driven by specific attitudes and mind sets, which creates enterprising activity focused on meeting societal needs and/or the self interests of others. Often this results in economically based enterprise but can also led to the creation of organizations that are solely intended to fulfill social and/or cultural needs. This is a definition that I created based on our conversations at the Working Meeting (8-8&9-05) and my general knowledge of entrepreneurship definitions.
- Colin Twitchell - 10 Aug 2005
- Another Drucker quote that pertains to the search for definition: “The entrepreneurial mystique? Its not magic, its not mysterious, and it has nothing to do with the genes. Its a discipline. And, like any discipline, it can be learned” (Drucker, 1985)
Intrapreneurship
- “Pinchot (1985) coined the term intrapreneurship to describe entrepreneurial activities inside large organizations.”
- If “entrepreneurship” describes Knowledge, Attitudes, & Skills in a startup, and “intrapreneurship” describes Knowledge, Attitudes, & Skills in a big organization, perhaps “metapreneurship” could describe Knowledge, Attitudes, & Skills to enable entrepreneurship, intrapreneurship, etc.
- Clif Kussmaul - 19 Aug 2005
Omnipreneurship
- If “entrepreneurship” describes Knowledge, Attitudes, & Skills in a startup, and “intrapreneurship” describes Knowledge, Attitudes, & Skills  in a big organization, perhaps “omnipreneurship” could describe Knowledge, Attitudes, & Skills applicable in nearly all organizations. This is what at least some of us are trying to do.
- Clif Kussmaul - 19 Aug 2005