“Entrepreneurship is the process by which individuals pursue opportunities without regard to the resources they currently control”Howard Stevenson,1983
Howard Stevenson's definition of entrepreneurship emphasizes entrepreneurial activity's proactive and opportunity-driven nature. By stating that entrepreneurship involves pursuing opportunities "without regard to the resources they currently control," Stevenson highlights the importance of vision, creativity, and resourcefulness.
Entrepreneurs are characterized by their ability to identify and act on opportunities, often leveraging limited resources or finding innovative ways to access the resources they need. This perspective underscores the idea that entrepreneurship is not constrained by current limitations but is driven by the potential for growth and value creation. It also suggests that successful entrepreneurs are those who can navigate uncertainty and mobilize resources effectively to achieve their goals.