Entrepreneurial Ability

Entrepreneurship has played a critical role in the economic success of individuals and nations because the creation of new businesses produces [Page 329]new jobs. So, entrepreneurial ability has been identified as a talent that makes significant contributions to the successful economic development of our society. Entrepreneurial ability is the talent to create new businesses through the organization of new resources or the modification of existing resources. Bill Bolton and John Thompson defined an entrepreneur as a person who consistently creates and innovates to construct something of acknowledged value around perceived opportunities. Recently, enterprising activities in the United States have been dynamic and widespread. In 2005, about 15 million people in the United States were involved in attempting to establish new businesses, and 7 million new ...