Learning Center View all courses >
These are the literal definitions and explanations of what entrepreneurship is.
Entrepreneurship-from French word "Entreprendre" means to undertake. One who organizes, manages, and assumes the risks of a business or enterprise.-Webster
Entrepreneur- "A person who destroys the existing economic order by introducing new products and services, by creating new forms of organization, or by exploiting new raw materials.-Joseph Schumpeter-economist
An entrepreneur is someone who perceives an opportunity and creates an organization around it. The entrepreneurial process involves all the functions, activities, and actions associated with perceiving opportunities. -Portable MBA in Entrepreneurship Babson-Leading Entrepreneurship program for 20 years.
As for self employed? You are asking a very general question. I would argue some self-employment can be classified as entrepreneurship and some probably could not. There is no doubt entrepreneurship gets thrown around a lot these days. At the same time this notion that it has to be disruptive is nonsense.
I would argue a great teacher is an entrepreneur, perhaps the greatest kind because he or she is literally influencing and growing young minds. Someone who opens a sandwich shop is self-employed and an entrepreneur. Too many people want to think about entrepreneurship in this box of the next huge million or billion dollar tech start up, but the majority of entrepreneurs are small businesses. And I would argue that while they are providing a need, most are not being disruptive. The disruptive ones usually take the spotlight for entrepreneurship, but they are few and far between.
Arthur, if I am partially correct then I suppose that means you are admitting you are partially wrong which was my point in the first place. Fair enough.
In terms of the organization being the employer-and if you go back to the days when the organization was founded in entrepreneurial spirit, before it became a large corporation that was so rigid it often is difficult to be entrepreneurial… sure I can maybe see your reasoning of replacing entrepreneur with employer because its less confusing….maybe but it’s a huge stretch. It is just my opinion to state I don’t agree with you using employer as a replacement for entrepreneur. I don’t think I’m alone in this by any small estimation. But if you have your following who like it, and it sells your books go with it. No one is going to start replacing the word entrepreneur with employer so I wouldn’t invest much time trying start up a grass roots twitter campaign. But I do understand your approach to it. I’m not saying it is wrong just different.
The problem is that one can be an employer but lack entrepreneurial skills and mentalities. And an employer as an organization can become rigid and stale and lack entrepreneurial ideology over time. That is why the concept of intrapreneurship evolved-to provide employers with a way to get back to entrepreneurial roots within to evolve and keep the company moving forward. An employer as a CEO can buy a small business with a dozen employees. That does not mean he/she has the entrepreneurial skill sets to grow the business or evolve it or start new divisions. So again, in some situations the employer has entrepreneurial traits, but not all which to me makes using it to replace entrepreneur void, more confusing, and flat out incorrect in some situations.
“Educational institutions can not be entrepreneurial due to tradition, culture and structure. “ What do you think a college is ? When a university builds a new sports stadium that brings in new programs, what is that? When a university creates new curriculum that brings in new students and new revenue that is entrepreneurship. At the core a university is a business. Especially with some of the new private/public partnerships that are created around new programs and departments.
“There are no schools which teach students to be entrepreneurs, except in elective courses.” Simply not true. Elective courses are part of MBA’s in the majority of universities but also requirement core courses in others where the degree is in entrepreneurship. There are also Entrepreneurship PhD programs in the country, not many but they are growing.