This dissertation profiles the role of information technology in enterprise. The role of IT on entrepreneurship in the past is somewhat limited. The focus was to use IT as a means for making processes more efficient and automation was the key to successful production. To-day IT is used to make businesses more effective and knowledge is used to gain an advantage over competitors. The study of entrepreneurship in the past was based mainly on identifying common personality and behavioural characteristics. Research shows that the founder of the company is more important than the technology. Cyril Maguire of Trintech believes that global success comes from having the right person in the company from the start to drive the company forward. This person must act as an agent for change and innovation and have enough confidence in the company's future to believe that the potential benefits outweigh the risks of taking a leap into the unknown. The introduction of the internet and e-commerce has led to an exploitation of opportunities by the State, existing businesses and new start-ups. Small businesses can now compete on a global level and with this increase in competitiveness a new entrepreneurial culture has evolved. An idea stays an idea unless someone takes the time to research and creatively develop it into an opportunity. The ability to do this comes from knowledge. Experience from one industry may be used to identify opportunities in another. New knowledge management structures must be put in place to ensure that this knowledge is shared and new information is generated in order for companies to remain successful.