Entrepreneurship LO7783

Michael McMaster (Michael@kbddean.demon.co.uk)
Thu, 6 Jun 1996 10:26:11 +0000

Replying to LO7727 --

In response to Hweesing's posting, I recommend contact with Koch
Industries (headquartered in Wichita, Kansas). This is America's
second largest privately owned company and the most profitable. It
has grown from "nothing" to over $25 billion in about 25 years. It
has achieved this growth based on an explicit implementation of
entrepreneurship by all people, at all levels, in all things.

It was created by Charles Koch, a student of Austrian market
economics, who put the ideas to the test.

My definition of entrepreneur from this background (which I share
with Charles) is "entrepreneurship is someone who sees possibility in
new combinations of existing reality - markets, technology,
knowledge, human energy, etc - and brings them together in ways that
alter reality."

This is more than a strictly economic activity. It creates what
didn't previously exist and brings added possibility into the social
community.

-- 

Michael McMaster <Michael@kbddean.demon.co.uk>

Learning-org -- An Internet Dialog on Learning Organizations For info: <rkarash@karash.com> -or- <http://world.std.com/~lo/>