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Heinz and prepackaged food.

Henry Ford and initiation of automobile industry.

Emergence of fast food and McDonalds.

Single organization to organization/corporation.

Business becoming part of new lifestyle, in Europe especially.

Defined various skills and features of entrepreneur.

Claims that entrepreneur has a 'creative destruction innovation' by replacing destroying an existing economy by a better, advance one.

Expansion of railroads and shipping, cargo, transport which helps in the growth in commerce.

17th Century

18th Century

19th Century

20th Century

1991

38% of all American business owned by women

Creation of Coca Cola

Added entrepreneur bears risk as a part of work definition.

1972

4% of all American business owned by women

Timeline of Entrepreneurship

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