Wealth-Creating Entrepreneurship, Innovating Entrepreneurs, and New Ventures

Abstract

Some scholars believe that the traditional meaning of entrepreneurship, confined to economic spheres alone, is too restrictive. There may be situations where creative individuals find it more satisfying to allocate their talents to non-pecuniary activities, depending on the reward structure in a society. Whatever the validity of this suggestion, promoting wealth-creating entrepreneurship still remains a prime desideratum for economic development. Starting from this assumption, the paper pleads for minimising, through policy interventions, the threats to the returns the entrepreneur expects for himself from an innovative venture.