The books change in definition of an entrepreneur was the biggest surprise to me from the 18th century to today. Back in the 18th century an entrepreneur was an individual that was a risk taker, while today it is an individual that innovates a product in order to better society. Mark Zuckerberg and Steve Jobs are two prime examples for the new definition of entrepreneur. They both invented something that they felt would better society altogether, which I also believe did.
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Altogether I felt that the chapter was very understandable but the Integrative Model of Entrepreneurial Inputs and Outcomes was the most confusing. This model I felt tried to make a clear cut formula for entrepreneurs when in reality entrepreneurs tend to follow their own guidelines and schedules.
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Is a college education needed in order to become an entrepreneur or are some people born with the skills of an entrepreneur?
Were entrepreneur's in the 18th century, when viewed as risk takers, viewed negatively by the public because people did not truly believe in them? Or did people back them up and hope for success?
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I do not believe Kuratko was necessarily wrong about anything, but I feel he never truly discussed how not all entrepreneurs are successful. While people may hope that all entrepreneur's are successful, it is often difficult for a new idea to be accepted by a majority of people where the production costs are below the profit. I feel it would have been important for Kuratko to discuss the percentage of entrepreneurs that are successful and inform us about the reality of making a profit off of being an entrepreneur.
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