L'entrepreneur

Philippe de Woot

Reflets et perspectives de la vie économique, 2005, vol. XLIV, issue 1, 93-105

Abstract: Entrepreneurship has been described by Schumpeter as an individual innovator gifted with vision, capacity to take risk and power to convince others to contribute. The School of Louvain has shown that entrepreneurship could also be a collective endeavor and take place in large companies. Today collective entrepreneurs have considerably increased their power. They use new weapons: science and technology. They occupy new spaces: globalization. They are more autonomous in a global world with insufficient political and ethical norms. In some aspects the system they drive is becoming unsustainable: pollution, inequalities, market invasion of non commercial fields, etc... Therefore should Prometheus be bound? New forms of global governance are required and collective entrepreneurs should become more socially responsible. They should change their corporate culture: they have to innovate in enlarging their raison d?être (purpose), in participating to new societal debate, in adopting a new ethical approach: what kind of world do we want to build together?

Keywords: Corporate culture; development; entrepreneurship; ethics; governance; globalization; responsibility (search for similar items in EconPapers)
Date: 2005
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