Entrepreneurship: What It Really Is, and Why It Must Be Integrated into Management of the Firm

It is time for a fresh look at the whole concept of entrepreneurship. In recent decades the term has been used most frequently in a narrow sense, to mean the starting of new companies. That was not its original meaning, and the problem is more than how the word is used. The attention that is paid to entrepreneurship has followed the same line, leading to a division of thought and action. People think and act as if it is a function separate from the management of big, existing companies or other organizations.