ABSTRACT
Throughout history, every wave of new knowledge, new technology,
has resulted in a split in society, between those people who embrace
change and learn how to benefit from that new knowledge and
those who do not. Shifts in power also follow. Even established
major players that fail to respond appropriately to innovative and
disruptive technologies can find their business models severely
challenged. Some of the innovators go on to form businesses
and create wealth for themselves and for society. These are the
entrepreneurs, sometimes considered foolish and unrealistic, but
bold enough to follow their instincts and dreams. Whether they
are technical experts or not is often less important than their
ability to sniff out opportunities and their courage to act on
them before others do. Somehow, they are able to see how to
develop and combine the elements that are necessary for building
a business. In terms of general direction, they know what must
be done and acknowledge that they will undoubtedly encounter
many difficulties, especially unforeseen ones.More importantly, they
accept the reality that the only way to resolve those challenges
is to keep trying, often failing repeatedly, as they build their own
experience base.
