Entrepreneurship Through the Ages: Lessons Learned

In today's hypercompetitive environment, the notion of entrepreneurship, entrepreneurial leadership and entrepreneurial decision-making is receiving increased attention by citizens, academics, managers, and politicians on a global basis. The high failure rate of entrepreneurship of new ventures as well as new products indicates that many barriers to success exist; however, even entrepreneurship on a small scale can have great impact. A historical review reveals that entrepreneurs emerge from various backgrounds but have similar characteristics. The time is ripe for the acceleration of entrepreneurial behavior and leadership that will facilitate new venture creation that will in turn nurture the growth of jobs and the local economy.