I somewhat agree with you Sadananda.
We being an individual or part of team, progress depends on the efforts, the hard work, the ethics, we put in to execute the work, which will in turn make us a deeply satisfied person.
Satisfaction is important. We can learn from failures, but if we do not rectify, take steps to resolve the issues, then an individual and as a team we fail.
Entrepreneurs are the innovators. They innovate new market, new products, new organizations, which will generate value to the customers and hope the value will exceed the cost of input factors and generate good returns resulting in wealth creation. Internal factors such as risks, money, planning, organizing is borne by the Entrepreneurs himself or herself.
Work Force is the organizers. They plan, organize and execute as per team. Risks factors are less due to proper study by the team. Team brings expertise, proper planning and execution.
China has increased its GDP because of Entrepreneurship. But, now the work force is a driving factor for consistently increase in per capita income.
I think Successful entrepreneurs have resulted in making huge organizations. India should encourage entrepreneurship.