Entrepreneurship is a complex and multifaceted concept that can be understood from various

perspectives. Here are some definitions of entrepreneurship provided by scholars, experts, and
organizations:

1. Joseph Schumpeter (Economist): "Entrepreneurship is the process of creative destruction,

whereby old resources are repurposed, and new resources are introduced into the market
economy."

2. Peter Drucker (Management Consultant): "Entrepreneurship is neither a science nor an art.

It is a practice. It is knowledge based. And it has to be organized for effective results."

3. Harvard Business Review: "Entrepreneurship is the pursuit of opportunity beyond resources

controlled."

4. Jeffrey A. Timmons (Entrepreneurship Educator): "Entrepreneurship is the process of

creating something new with value by devoting the necessary time and effort, assuming the
accompanying financial, psychic, and social risks, and receiving the resulting rewards of
monetary and personal satisfaction and independence."

5. United Nations Conference on Trade and Development (UNCTAD): "Entrepreneurship is the

ability to create and build something from practically nothing."

6. Richard Branson (Entrepreneur): "Entrepreneurship is about turning what excites you in life
into capital, so that you can do more of it and move forward with it."

7. Steve Blank (Entrepreneurship Educator): "Entrepreneurship is a temporary organization

used to search for a repeatable and scalable business model."

8. Innovation, Science and Economic Development Canada: "Entrepreneurship is the process

of creating value by bringing together a unique combination of resources to exploit an
opportunity."

9. Howard H. Stevenson (Harvard Business School): "Entrepreneurship is the pursuit of

opportunity beyond resources controlled."

10. World Economic Forum: "Entrepreneurship is the mindset that allows you to see
opportunity everywhere. It could be in a business, but it could also be in a social context or
something that is open for improvement."

11. BusinessDictionary: "The capacity and willingness to develop, organize, and manage a
business venture along with any of its risks to make a profit."

12. European Commission: "Entrepreneurship is the ability to create and build something from
practically nothing."

13. Martin Luther King Jr.: "If a man is called to be a street sweeper, he should sweep streets
even as a Michelangelo painted, or Beethoven composed music or Shakespeare wrote
poetry. He should sweep streets so well that all the hosts of heaven and earth will pause to
say, 'Here lived a great street sweeper who did his job well.'"

These definitions collectively emphasize the creation of value, innovation, risk-taking, opportunity
recognition, resource management, and the pursuit of goals beyond existing limitations. Keep in
mind that entrepreneurship can be understood in various contexts and may take on different
meanings depending on the perspective of the individual or the organization using the term.