Innovation. “Creative destruction.” Business creation. It's is the mechanism by which new products, services, and organizational processes are identified, refined, and ultimately realized as a sustainable part of the society. Entrepreneurship is difficult to confine within words, yet its purpose is immediate. Societies depend on entrepreneurs to drive job growth, innovate solutions to pressing problems, and pioneer cutting-edge technologies.
Entrepreneurship is not limited to the business world. Even more, although profit is fundamental for a sustainable organization, it’s not always the end goal. Social entrepreneurship aims to benefit the community by redirecting all profit back towards a social mission. Artistic entrepreneurship breaks new ground in exploring the human condition.
What it takes to be an entrepreneur is a hotly debated topic. Most people agree that an entrepreneur needs to be a leader with vision, passion, determination, and an ability to motivate others. Entrepreneurs must be willing to take on high risk for a chance at a larger reward.
The minor in entrepreneurship believes these skills can be taught and are essential for the next generation of leaders graduating from UNC Chapel Hill.