Successful entrepreneurship is ultimately a matter of flair. But there is also a fund of practical knowledge to be acquired and, of course, the right legal and financial framework has to be provided for productive enterprise to develop.
About this quote
- What does it mean?
- Thatcher attributes entrepreneurship to innate flair and knowledge, while stressing the need for supportive legal and financial systems.
- In plain terms
- Business needs talent and know-how plus the right rules.
- What can you take from it?
- Support business with skills and clear legal frameworks.
Where it applies
Putting it to work
Questions to consider
- What truly drives success?
- How to foster enterprise?
Another view
It underestimates structural inequalities in business.
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