Showing posts with label new definition of entrepreneurship. Show all posts
Showing posts with label new definition of entrepreneurship. Show all posts

Wednesday, January 2, 2013

Other definition of Entrepreneurship by Stevenson of Harvard Business School

I came across a new definition of entrepreneurship by Howard Stevenson of Harvard School of business:

"PURSUIT OF OPPORTUNITY WITHOUT REGARDS FOR RESOURCES CURRENTLY CONTROLLED"

It is very strategic (or non strategic).  Strategy means choice of resources and activities to achieve a goal.  Entrepreneurship here as defined is having zero or negative resources.  It is short of miracle.

It is a very out of the box, lateral thinking definition <from a business management standpoint>