Perspectives on the Nature of Entrepreneurship

  1. Creation of Wealth ... assume risks in exchange for profit
  2. Creation of Enterprise ... founding a new business where none existed before
  3. Creation of Innovation ... making existing products or methods obsolete
  4. Creation of Change ... adjusting, adapting, modifying to meet new opportunities
  5. Creation of Employment ... employing, managing, developing the factors of production
  6. Creation of Value ... creating value for customers by exploiting untapped opportunities
  7. Creation of Growth ... sales, income, assets, and employment
[Thank you, Michael H. Morris]