To: Oeconomicus who wrote (34488 ) 5/13/2005 5:26:10 PM From: MulhollandDrive Respond to of 90947 i'm not sure which comes first, but i tend to think those beliefs are solidified and intensified as one goes into entrepreneurial endeavors...yet an entrepreneur needs creative belief in the ability to create value by their efforts...'the enterprise' something about 'enterpriser' and 'theorist' seems almost incongruous to me... an enterpriser who doesn't engage in enterprise imo, they are almost synonymous wordreference.com Adapted From: WordNet 2.0 Copyright 2003 by Princeton University. All rights reserved. enterpriser A noun 1 entrepreneur, enterpriser someone who organizes a business venture and assumes the risk for it the fact that only about one in ten test out as enterpriser reflects the rarity of the type of motivating factors and confidence it takes to be oneaccenture.com \entrepreneurship\entre_bene.xml What is Entrepreneurship? What exactly is entrepreneurship, and does it mean the same thing in different situations? Five elements emerged from our research: Creativity is at the heart of entrepreneurship, enabling entirely new ways of thinking and working. Entrepreneurs identify opportunities, large or small, that no one else has noticed. Good entrepreneurs also have the ability to apply that creativity—they can effectively marshal resources to a single end. They have drive—a fervent belief in their ability to change the way things are done, and the force of will and the passion to achieve success. They have a focus on creating value—they want to do things better, faster, cheaper. And they take risks—breaking rules, cutting across accepted boundaries, and going against the status quo. One myth, blown apart by this study, is that an entrepreneur is a single, heroic individual. In fact, collaboration is key, as groups of entrepreneurs work together to a common end. The five core elements of entrepreneurship are most likely to be shared across a team or indeed an entire organization. Our Definition... Entrepreneurship () n. The creation of value by people and organizations working together, through the application of creativity, drive and a willingness to take what might commonly be seen as risks. Confidence Most executives are confident that the future is bright: seven in ten believe that their organization will be more entrepreneurial in three years’ time. They also have confidence in their own entrepreneurial characteristics and those of their peers in the organization. Executives believe they are already doing much to encourage entrepreneurial behavior. They say they foster collaboration: 93 percent encourage the sharing of information and knowledge, and 91 percent encourage collaborative working across their organization. And they try to act as entrepreneurial role models: 89 percent say they are visibly acting entrepreneurially, while 83 percent believe they are communicating pro-entrepreneurial values to employees. Confusion Yet these leaders are confused about why their leadership is not proving more effective. By their own admission, the actions that leaders are currently taking to encourage entrepreneurial behavior are not yet paying dividends. Many believe a drive for operational efficiency within the company has undercut entrepreneurship: 63 percent mention a lack of incentives and 66 percent a lack of resources. The greater problem, though, may be the confidence of these leaders in those outside their circle of peers. A surprisingly high number of executives doubt the entrepreneurial abilities of their staff. Almost seven in ten think that their employees lack entrepreneurial instinct, while nearly two-thirds believe that their staff shows little readiness to change and 58 percent think that low staff motivation is a key barrier to entrepreneurial behavior . All too often, executives claim that entrepreneurship is applicable to only some employees; and our survey results suggest nervousness about a loss of control.