Entrepreneurship is a process of innovation and new-venture creation through four major dimensions-individual, organizational, environmental, process-that is aided by collaborative networks in government, education, and institutions. All of the macro and micro positions of entrepreneurial thought must be considered while recognizing and seizing opportunities that can be converted into marketable ideas capable of competing for implementation in today’s economy.

Robert C. Ronstadt made a summary description on the notion:

Entrepreneurship is the dynamic process of creating incremental wealth. This wealth is created by individuals who assume the major risks in terms of equity, time or career or service. The product or service itself may or may not be new or unique but value must somehow the infused by the entrepreneur by securing and allocating the necessary skills and resources.

It is not the critics who counts, nor the observer who watches from a safe distance. Wealth is created only by doers in the area who are marred with dirt, dust, blood, and sweat. These are producers who strike out their own, who know high highs and low lows (good expression), great devotions, and who overextend themselves for worthwhile causes. Without exception, they fail more than they succeed and appreciate this reality even before venturing out on their own. But when these producers of wealth fail, they at least fail with style and grace, and their gut soon recognizes that failure is only a resting place, not a place in which to spend a lifetime. Their places will never be with those nameless souls who know neither victory nor defeat, who receive weekly paychecks regardless of their week’s performance, who are hired hands in the labor in someone else’s garden. These doers are producers and no matter what their lot is at any given moment, they’ll never take a place beside the takers, for theirs is a unique place, alone, under the sun,. They are entrepreneurs! Joseph R. Mancuso said.

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