Unfortunately the global trend by the less informed has been to use entrepreneur and SME interchangeably. While entrepreneurs often do start SMEs, it is not the case that all SMEs are entrepreneurs, nor that entrepreneurs own SMEs. This has lead to the word entrepreneur losing its real meaning and value.
For a while, an attempt was made to differentiate, in the large business context, with the use of the word intrapreneur. However, this appears to have lost favour and momentum, assuming it ever was favoured to start with.
The need for entrepreneurship and innnovation in large businesses has not diminished in the least, and the current global recession should in fact be highlighting the need more than ever. This recession demands quick responses and innovative processes in order to survive. Market development requires a more entrepreneurial and innovative approach.
This blog will attempt to look at these issues going forward.
Dr Rob Smorfitt
No comments:
Post a Comment