Wanted: Entrepreneurs - In Brief

Still hunting Heffalumps

• Entrepreneurship is the new buzzword, and policymakers in many nations and states are trying to develop more entrepreneurs because of their positive effect on jobs and productivity.
• But while the term is familiar, there is little agreement about what entrepreneurship is, what it does and how it happens. Recent research has improved understanding of some descriptive features of the entrepreneur, but we still don’t know much about the entrepreneurial process itself—conception, development and entry into economic life. As a result, some of the most important insights regarding entrepreneurship—and any ability to encourage more of it—remain beyond our grasp.

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