Thursday, April 9, 2009

Entrepreneurship - WTF is it?

One of things that I've wanted to look at since being at business school was to understand what entrepreneurship actually means. Who is an entrepreneur? Is it the person who has that great idea? Or is it the team that takes an idea and implements it? Luckily, some of the answers to these questions were answered in a few months.

If you are curious as to what those answers are, here it goes: Merriam-Webster defines an entrepreneur as "one who organizes, manages, and assumes the risks of a business or enterprise." Pay attention to the word "risk". That to me is the core around which entrepreneurship is. So you dont necessarily have to come up with an idea to be an entrepreneur. If you can take an idea and build an enterprise around it, you are automatically taking all the above mentioned risks.

Once those questions were answered I asked myself "So it it is just a matter of taking risk, why do we need to go to business school to become an entrepreneur?" To answer that question I recruited a classmate of mine and off we went talking to entrepreneurs from Sloan. The result is an article published at Xconomy. Here is the link to it:

Can business schools teach entrepreneurship?

hope you have fun reading it?

later

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