The Essence of Entrepreneurship

What is the fundamental thing that entrepreneurs do that makes them entrepreneurs? This article on Inc.com has a brilliant answer.  It was written 37 years ago by Harvard Business School professor Howard Stevenson.

Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.

I love the simplicity and density. Stevenson’s definition expands entrepreneurship beyond the conventiaonal boundaries of the startup company. Such a pursuit is critical for anyone seeking innovation, anyone with limited resources, anyone with a vision beyond his means. Jon Burgstone, author, entrepreneur and teacher, explains it this way:

Every time you want to make any important decision, there are two possible courses of action. You can look at the array of choices that present themselves, pick the best available option and try to make it fit. Or, you can do what the true entrepreneur does: Figure out the best conceivable option and then make it available.

I pick the second option. What about you?

25 Design Trends for 2012

Design Intelligence recently published their Design Trends Forecast for 2012 – 2015. None of the trends is surprising, but shifting an organizational culture and the structures that reinforce it is a significant challenge. Adjusting to new paradigms will be painful for some. But for those with eyes to see opportunities while they still look like obstacles, this should be a fascinating ride.

Working harder is no longer the solution. There is a revolution going on. Read more of this post