This thesis describes the development of entrepreneurship all the way from ancient times when the first formes of trade were established between clans and tribes. The beginning of exchange was marked with food and other nonrenewable sources trade in purpose of survival but the exchange methods were changing due to civilisations uprising as did the merchandise used in trade. There were many schools founded and developing throughout history whose followers were analyzing and defining economical phenomenons, system they were in as the system which was in their surroundings. Afterwards it is mentioned about the effect of both endogenous and exogenous factors on company's performance. The fact is company's surroundings is a dynamic system which requires prompt responses, ability to adjust, conducting changes and their acceptance. Further in the thesis the competitive advantage is mentioned as the main goal of every entrepreneur because it's achievement separates him from the crowd and allows him to control the majority of the market. As every existing system of today's society, this system also relies on human cadre who constitute it. Determination, motivation and creativity are atributes which every entrepreneur had and has to possess in order to survive in the world full of competition and unexpected turn of events.