Notwithstanding its acknowledged centrality in the economic process, entrepreneurship has been defined differently by different authors and individuals.
Entrepreneurship is a concept that is so protean in nature that it is virtually difficult to categorize it in a single accepted definition. So much so that a well-respected economist, Mark Casson once affirm that "entrepreneurship means different things to different people".
Entrepreneurship appears in different sizes. It can be found in large corporations as well as small retail shops. It can present itself under various forms.
You may discover that it is the motivating force behind a scientist or technologist who assigns economic meaning to his or her laboratory activity.
It is also to be found in the old-time peddler who was particularly able as a salesperson just as today we can find it in a highly-educated manager who oversees large corporations. And of course, it is what pushes the impetuous, instinctive type who is able to anticipate demand and to build an economic empire.
Certainly, a good test to clarify if we are really dealing with entrepreneurship is the capacity to create something new.
However, innovation cannot explain everything since not all the people we tend to identify as entrepreneurs are exceptional innovators. The posts which follow are guides to notice when examining the definitions of entrepreneurship.
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