“We are entering. . . an era in which emphasis will be. . .”

“Now we are entering again, an era in which emphasis will be on entrepreneurship.

However, it will not be the entrepreneurship of a century ago, that is, the ability of a single man to organize a business he himself could run, control, embrace. It will rather be the ability to create and direct an organization for the new.

We need men who can build a new structure of entrepreneurship on the managerial foundations laid these last fifty years.

History, it has often been observed, moves in a spiral; one returns to the preceding position, or to the preceding problem, but on a higher level, and by a corkscrew-like path.

In this fashion we are going to return to entrepreneurship on a path that led out from a lower level, that of the single entrepreneur, to the manager, and now back, though upward, to entrepreneurship again.”

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“We are entering. . . an era in which emphasis will be. . .”

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