Defining entrepreneurship as a “process of opportunity exploration and exploitation,” entrepreneurship can manifest anywhere inside or outside an organization, within startup or large firms, in profit or not-for-profit enterprises, and in business or nonbusiness activities. This entrepreneurial process is one that can be learned and expanded through the development of entrepreneurial competencies and a broader entrepreneurial mindset that is universal and impervious to age, gender or social/economic background.
To fully understand the risks and rewards of entrepreneurial endeavors and processes, students in the study of entrepreneurship are encouraged to engage in entrepreneurial actions and experimentation with new methods, products, markets, business models, organizational structures, reward systems, technologies and more. Students also are exposed to the dynamics, paradoxes, myths and critical aspects surrounding the entrepreneurial process in an effort to help them integrate their entrepreneurial competencies by thinking entrepreneurially in their daily lives and future careers.
Axe ‘Em, Jacks!