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In what sense is all action entrepreneurial?

Started by Murphy, Sep 05 2005 04:01 PM

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#1 Murphy

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Posted 05 September 2005 - 04:01 PM

In what sense is all action entrepreneurial?

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#2

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Posted 27 October 2007 - 01:00 PM

Murphy, on Sep 5 2005, 05:01 PM, said:

In what sense is all action entrepreneurial?

Action consists of an individual making a choice. In making that choice, rarely is perfect knowledge available on which to base a decision - hence there is a degree of uncertainty. Entrepreneurial action consists of making decisions in the face of uncertainty. Consequently, almost all action is entrepreneurial in it's character.

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#3

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Posted 18 July 2008 - 07:22 PM

Doug K, on Oct 27 2007, 01:00 PM, said:

Action consists of an individual making a choice. In making that choice, rarely is perfect knowledge available on which to base a decision - hence there is a degree of uncertainty. Entrepreneurial action consists of making decisions in the face of uncertainty. Consequently, almost all action is entrepreneurial in it's character.

Amen!!!

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