Entrepreneurs

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.

following Joseph Alois Schumpeter – Austrian economist (1883-1950), from “Capitalism, Socialism and Democracy” (1942)