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A New Definition of Entrepreneurship Howard Stevenson Big Think

Howard Stevenson: Entrepreneurship is often thought of as starting a new business or creating innovation.  But in reality entrepreneurship, in our view, is the pursuit of opportunity beyond the resources you currently control.  Now what does that mean?  It means you have to persuade customers they’ll be better off buying your product.  You have to persuade employees that they might be better off if they work with you rather than with an established company.  And you have to persuade investors and other people that provide the resources that this is a real opportunity.  So entrepreneurs have to be able to convey a future vision of the world and then help people believe that vision of the world is possible.

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