- Entrepreneurship is a dynamic and contingent process, rather than a fixed role or state, and operates flexibly in connecting people, their search for market opportuni¬ties, their innovative actions, and their efforts to find the resources needed to exploit those opportunities.
- Short-term opportunities may exist and await discovery by the alert entrepreneur. The circumstances giving rise to potential opportunities can be recognised by people with the experience and judgement to do so, and they can create and enact the future opportunities which they judge to be worthwhile.
- Innovation is a vital aspect of opportunity development, distinguishing higher-level from imitative 'me-too' entrepreneurship.
- Entrepreneurial working can be learned, but formal education is only part of this process, and there is little evidence of a single or dominant type of entrepreneurial personality. Therefore entrepreneurial development can be conceptualised as a social learning concept, practised actively and behaviourally with others in cultural and organisational settings.
- The development of entrepreneurial culture and society is perceived by governmental organisations as an important policy objective, but the relationship between this policy rhetoric and Initiatives with the experience of entrepreneurship by individuals, is often problematic and not well understood.