ThoughtCommons - What is entrepreneurship?
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Transcript of ThoughtCommons - What is entrepreneurship?
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Everything around us is made out of carbon
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just that it exists in many different forms
Knowledge
Raw Material
Land
Technology
Fuel
People
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and comes at a different price
40 per liter
100 per hour
10000 per machine
1000 per sq. feet
10 per piece
5000 per project
Knowledge Technology
Fuel
People
Raw Material
Land
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these are world’s
resources
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Everyone in the world is hungry
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just that people are hungry for different things
Food and
basics
Pleasure and
luxury
Car and
comforts
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and are willing to pay different prices too
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these are world’s
needs
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World always need more than its limited resources can provide for
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Food Car Pleasure
Resources are mixed in different combinations to satisfy different
needs
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Food
These combinations also sell at different prices!
Car Pleasure
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these are world’s
goods and services
Food Car Pleasure
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the equation is simple
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“Satisfying more and more needs with less and less
resources by creating innovative combinations is
called entrepreneurship.”