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en·tre·pre·neur·ship (n)

Technology has evolved. The economy has shifted. The world has changed. And today's entrepreneurs do more than just start businesses. The world needs a new definition of entrepreneurship. We're writing it here.

How do you define entrepreneurship?

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fig 1. entrepreneurs in their own words

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Most Recent Definitions

Katerina (Babson Alumnus, Founder of International Grocery Store, Boston, MA)

An entrepreneur is a person that lives in the details, someone who looks at the olives before they taste the oil.

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Nizar (Interested in Babson, Civil Engineer - Worksite Manager in a Major Infrastructure project, France)

The art of materializing inspiration by getting doubtful. A state of mind.

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Renee (Undergraduate Student, Brooklyn, NY)

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Rebecca (Graduate Student, Wellesley, MA)

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Rachel (Babson Alumnus, Associate Director, FoodSol, Somerville, MA)

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Sanjay (Undergraduate Student, Canada)

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Gail (Friend of Babson, TV personality, culinary expert, food writer, Manhattan, NY)

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Sharon (Babson Family Member, President/publisher, Melrose, MA)

Elite Innovative Entrepreneurship is really why you are in a grad school like Babson rather than an MBA program elsewhere. You're not here to simply to run your own life by having yet another pizza shop, yet that person is independent and there is overlap. The EIE is discovering a void in the market place, and with ONE QUESTION at a time, acquiring all the details to make the vision a reality. That person also must have tenacity framed in maturity. It is like the captain at sea. This differs from the Managerial Entrepreneur, ME, who takes a company along a second curve of growth. They are not the same skill sets, yet they both wear the captain's hat. The second person takes a company in a stronger direction such as globally.

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Susan (Graduate Student, Student, Boston, MA)

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Lotfi (Professor, Canada)

Entrepreneurship is the combined innate character and learned skills to start a new business and create new value for society. The character requires risk-taking, courage, and desire to make a big impact. The skills are the ability to identify and seize an opportunity, muster the human and financial resources to develop and build the relationships to reach its full potential.

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