It seems nowadays entrepreneurs are becoming the new economical superstars who drive change, disrupt markets, exit innovations and create competitive edges by being one step ahead. The more surprising it is that there is no existing generally applicable definition of “Entrepreneurship” or “Entrepreneur” . Some would agree that entrepreneurs are the ones who build an own company, some would agree entrepreneurs are the ones who think entrepreneurial, take on calculated risks and make things happen – no matter in which environment. Others would maybe agree that entrepreneurs are a too heterogeneous and widely spread group to be treated as just ‘one special bread’.
Definition-wise we might lack a bit agreement but I think the definition of Eckhardt and Shane (2003) is a nice one as they define entrepreneurship “… as the discovery, evaluation, and exploitation of future goods and services … [by] . . . creation or identification of new ends and means previously undetected or unutilized by market participants”. I like this definition as it is not too limited to the act of building a new business but could also be used for entrepreneurs operating in a corporate environment, so called intrapreneurs. So, novelty seems to be the cutting edge within this definition. That goes along with probably a generally applicable opinion of what entrepreneurs should be like.
As I’m quite interested in the whole research around entrepreneurship and personality I would like to share with you my findings within the next posts and am keen to get to know your opinions and views about the new superstars.
For a daily dose of inspirational and motivational quotes please find My Nut Share now also on Instagram as @mynutshare (@mynutshare on instagram). Would love to see you there as well.