We are again entering an era in which emphasis will be on entrepreneurship. However, it will not be an entrepreneurship of a century ago, that is, the ability of a single man to organize a business he himself could run, control, embrace. It will rather be the ability to create and direct an organization for the new. We need men and women who can build a new structure of entrepreneurship on the managerial foundations laid these last eighty years. History, it has often been observed, moves in a spiral; one returns to the preceding position, or to the preceding problem, but on a higher level, and by a corkscrew-like path. In this fashion we are going to return to entrepreneurship on a path that led out from a lower level, that of the single entrepreneur, to the manager, and now back, though upward, to entrepreneurship again. The businessperson will have to acquire a number of new abilities, all of them entrepreneurial in nature, but all of them to be exercised in and through a managerial organization.

ACTION POINT: Establish an entrepreneurial culture in your organization.

The Age of Discontinuity