Here’s a good definition of ‘entrepreneurship’ from Howard Stevenson at Harvard University:
“Entrepreneurship is the pursuit of opportunity beyond the resources you currently control.”
Managers manage assets, entrepreneurs manage opportunity, and instead of taking risk, they manage it. Opportunity arises out of a change in the competitive environment, whether it is due to legal, social, regulatory, or other influences.
Love this definition…..simple but yet sums it all up.