Abstract
Entrepreneurship can be broadly defined as the identification and organized exploitation of novel opportunities for value creation and capture, where the value outcomes may be commercial, social, institutional, or cultural in nature. Hence, entrepreneurship has wide relevance for societies and economies. As a field of practice, entrepreneurship has grown continually since its emergence during the industrial revolution of the eighteenth and nineteenth centuries. More recently, entrepreneurship has taken on a wider meaning, as the process or activity whereby new organizational forms are created to exploit value-creating opportunities, even when the resources and capabilities to do so are not yet at hand.
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