Actors Quote by David Bornstein
“According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.”
About This Quote
Source Book: The Entrepreneurial Spirit by David Bornstein, 2010
Entrepreneurs shift resources from low to high productivity, driving economic growth and creative destruction.
In simple terms: Entrepreneurs move resources to boost productivity.
Key Takeaway
Support innovative resource reallocation.
Themes
economics
innovation
entrepreneurship
Mood
analytical
thoughtful
Type
explanatory
historical
When to use this quote
- startup funding
- policy making
- business strategy
- education programs
Key Concepts
resource allocation
creative destruction
economic development
Questions to Reflect On
- What safeguards protect against harmful disruption?
- How can we balance innovation with stability?
A Different Perspective
Not all shifts are positive; disruption can cause harm.
