“This defines entrepreneur and entrepreneurship - the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.”

Source: Innovation and Entrepreneurship: Practice and Principles

Last update June 3, 2021. History

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Peter F. Drucker180

American business consultant 1909–2005

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Context: Imagine discovering a continent so vast that it may have no end to its dimensions. Imagine a new world with more resources than all our future greed might exhaust, more opportunities than there will ever be entrepreneurs enough to exploit, and a peculiar kind of real estate that expands with development. Imagine a place where trespassers leave no footprints, where goods can be stolen infinite number of times and yet remain in the possession of their original owners, where business you never heard of can own the history of your personal affairs...

“The problem with the French is that they don't have a word for "entrepreneur."”

George W. Bush (1946) 43rd President of the United States

Shirley Williams, Baroness Williams of Crosby, described this as a remark to Tony Blair in a discussion of the French economy during the G8 Summit, according to Jack Malvern (9 July 2002), "Bush and Blair, The Times. Alastair Campbell, Blair's director of communications, later said that Blair never heard Bush say this and never told Baroness Williams that he said it. See Lloyd Grove (2002-07-10) "The Reliable Source," Washington Post.
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“Apparently, sir you Chinese are far ahead of us in every respect, except that you don’t have entrepreneurs. And our nation, though it has no drinking water, electricity, sewage system, public transportation, sense of hygiene, discipline, courtesy, or punctuality, ‘’does’’ have entrepreneurs. Thousands and thousands of them. Especially in the field of technology. And these entrepreneurs—’’we’’ entrepreneurs—have set up all these outsourcing companies that virtually run America now.”

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