Traditionally, the term refers to a person who has a business idea and is willing to take a risk to implement that idea, taking the role of the leader of the company or organization and assuming full responsibility for its execution, success, or failure. A more modern interpretation of the term usually associates entrepreneurship with innovative ideas and conjures up ideas of creativity and inventiveness. The term usually refers to someone working in the business and entrepreneurship industry and will be in charge of the entire business, including all employees and will oversee all departments or aspects of the business.