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146 THE PRACTICE OF ENTREPRENEURSHIP

different mistakes. Entrepreneurship in the public-service institution
thus needs to be discussed separately.
Finally, there is the new venture. This will continue to be a main
vehicle for innovation, as it has been in all major entrepreneurial peri-
ods and is again today in the new entrepreneurial economy of the
United States. There is indeed no lack of would-be entrepreneurs in
the United States, no shortage of new ventures. But most of them,
especially the high-tech ones, have a great deal to learn about entre-
preneurial management and will have to learn it if they are to survive.
The gap between the performance of the average practitioner and
that of the leaders in entrepreneurship and innovation is enormous in
all three categories. Fortunately, there are enough examples around of
the successful practice of entrepreneurship to make possible a sys-
tematic presentation of entrepreneurial management that is both prac-
tice and theory, both description and prescription.