CHAPTER 11 • IN CONCLUSION 253
Remember that entrepreneurship is about change. It is both cre-
ative—in that it offers something new and improved—and it is
destructive—in that what is new often displaces or replaces what
already exists. This “creative destruction”
1
described by Schumpeter is
exhilarating, but it is also difficult and sometimes frightening. If you
accept the challenge to create something truly innovative, you can take
a leadership role in changing the world.
Entrepreneurship is the instrument of social, political, technologi-
cal, and economic change. It fosters creativity, provides individual
rewards, and contributes to overall economic development. It provides
an opportunity to solve business and social problems, to develop new
jobs, ...