From its earliest incarnations, entrepreneurship has been linked to innovation, and often innovations with a societal or social impact. Although classical economists discussed the role entrepreneurs play in handling risk in an economy (Hébert & Link, 2009), perhaps the greater risks have been the social impacts which entrepreneurship brought to societies (Drucker, 1985). The power of mercantile economies like the Phoenician or two thousand years later the British came as much from the new ideas and processes they introduced to the societies of trading partners as from the goods traded.
Lumpkin, G.T. and Katz, J.A. (2011), "An Introduction to the Special Volume on Social and Sustainable Entrepreneurship", Lumpkin, G.T. and Katz, J.A. (Ed.) Social and Sustainable Entrepreneurship (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 13), Emerald Group Publishing Limited, Bingley, pp. xi-xix. https://doi.org/10.1108/S1074-7540(2011)0000013004
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