The word entrepreneur stems from the French entreprendre, meaning to undertake. The entrepreneur is the person who undertakes new ventures by seizing opportunities to innovate or develop new ideas, the catalyst who brings about change.
According to Peter F. Drucker entrepreneurship is “a systematic innovation, which consists in the purposeful and organized search for changes, and it is the systematic analysis of the opportunities such changes might offer for economic and social innovation.”
“…the transformation of an idea in to an enterprise that creates value-economic, social, cultural or intellectual.” William Green former Dean of the College at the University of Rochester
“Entrepreneurship involves creating or discovering new ideas or opportunities for the purpose of creating value, whether economic, social, or even political-and forming a new organization to do so. An entrepreneur is a person who practices entrepreneurship” Financial Times Lexicon
“…the pursuit of opportunity beyond the resources you currently control.” Professor Howard Stevenson at Harvard University. Forbes Magazine described him as Harvard Business School’s “lion of entrepreneurship” in a 2011 article. INC magazine described Howard’s definition as “the best answer ever”. He is frequently referred to as being the most successful fundraiser in the history of Harvard University raising over $600 million in support concerns relating to business, science, healthcare and student life.
How would you add to these definitions?
All the best
Selchouk Sami
