Entrepreneurs are the anarchists of the business world. Their mission is to overthrow the existing order. They can succeed because markets are essentially chaotic, which creates endless opportunities for interlopers to challenge the norm.
Trade, technology and changing behaviour mean that societies are increasingly dynamic. Established organisations are constantly trying to maintain the status quo, but they are almost always doomed to decline. Many industries are essentially burning platforms, but their leaders are in denial about the threats.
In many walks of life — politics, the public services, the professions and so forth — a belief in hierarchy, certainty and risk-aversion dominates. Entrepreneurship is the antithesis of this. To start a business, launch new products or enter fresh markets requires the ability to embrace insecurity in an…