ABSTRACT

Entrepreneurship is about translating a vision into a reality, generally with limited resources, and overcoming obstacles along the way. It involves launching and evolving a new enterprise. The vision may or may not include ideas new to the world, but will be new in the context in which the enterprise operates, and there is some uncertainty about the viability of the new operation. Once established, the same mindset may facilitate growth of the enterprise. Whilst there is often an emphasis on the heroic individual, it takes a multidisciplinary team enacting a variety of roles to create and extract value.