I am delighted to write this Foreword to Alain Fayolle's Entrepreneurship and New Value Creation: The Dynamic of the Entrepreneurial Process. The book offers a portal into the breadth and depth of entrepreneurship scholarship and provides many avenues for understanding entrepreneurship and the entrepreneurial process. As Professor Fayolle points out, there is a long history of thought and scholarship about entrepreneurship. The word entrepreneur is, appropriately (given the author is French), French, with roots in sixteenth- and seventeenth-century ideas about the accomplishment of tasks, risk bearing, undertaking to do something, and the organising, operating and assumption of risk for a business. While the idea of the entrepreneur and entrepreneurship has evolved to include the attributes of innovation, opportunity discovery (or construction) and value creation, my sense of the basic gist of the term continues to focus on this facet of human behaviour: initiative taking. The process of entrepreneurship invariably involves an individual or individuals investing effort into something they had not previously done before. As this book points out, there are many ways in which initiative taking may occur. I have tended to think of the entrepreneurial process as involving ‘organising’ (Weick 1979) in a general sort of way, and more specifically, as ‘organisation creation’ as the phenomenon where entrepreneurship might be more likely to occur and to be ascertained (Gartner 1985; 2001). As this book points out, entrepreneurship, as a phenomenon, is theoretically and empirically much more complicated than either ‘organising’ or ‘organisation creation’.