Triple Crown Leadership

Triple Crown Leadership

Monthly Archives: May 2019

The Essence of Entrepreneurship

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Entrepreneurs today have a powerful hold on the collective imagination. Look around and notice the many inspiring examples of entrepreneurs in action. But much of what we think we know about entrepreneurship is wrong. What is the essence of entrepreneurship? It turns out that the word “entrepreneurship” has a fascinating history that is actually useful to understanding its essence. Let’s take a quick tour of that history, but starting in the present and working backward. Elaine Rideout of North Carolina State University defines entrepreneurs as those who “creatively initiate, evaluate, and organize to exploit wealth creating business opportunities under conditions of uncertainty.” Her definition packs a lot of punch and includes many of the things we typically think of when reflecting on entrepreneurs. Richard P. Rumelt of UCLA in 1987   …Continue Reading