entrepreneur

(redirected from Company owner)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

Entrepreneur

A person starting a new company who takes on the risks associated with starting the enterprise, which may require venture capital to cover start-up costs.

Entrepreneur

The possessor or owner of a for-profit organization. The term is usually applied to small business owners, who bear the majority of the risk and reap the most benefit from a company. It can also relate to (individual) majority shareholders who are involved in the operation of his/her business. Entrepreneurs are generally accepted as integral to the success of a capitalist system.

entrepreneur

A risk-taker who has the skills and initiative to establish a business.

entrepreneur

a person who undertakes the risks of establishing and running a new business. Entrepreneurs are characterized by their initiative and enterprise in seeking out new business opportunities; inventing and commercializing new goods and services and methods of production. See VENTURE CAPITAL, INDUSTRIAL POLICY, INTRAPRENEURIAL GROUP, MANAGEMENT BUYOUT.

entrepreneur

an individual who assembles and organizes FACTORS OF PRODUCTION to undertake a venture with a view to PROFIT. The individual may supply one or more of the three factors of production (NATURAL RESOURCES, LABOUR, CAPITAL) himself or may hire or buy any or all factors in the expectation of future profits. The entrepreneurial function is sometimes called a . fourth factor of production.

The entrepreneur was seen in the 19th century as an individual proprietor who supplied most or all of the factors of production but especially managerial expertise. The advent of the JOINT-STOCK COMPANY led to the division of management and the supply of capital, so that the term ‘entrepreneur’ became a more hypothetical abstract term attached to any individual or group who performs the risk-bearing and organizing functions above. The traditional THEORY OF THE FIRM suggests that entrepreneurs attempt to maximize profit, but since the 1930s there has been growing awareness that the DIVORCE OF OWNERSHIP FROM CONTROL in large joint-stock companies influences the behavioural attitudes of groups of individuals within organizations, which may lead to corporations following objectives other than PROFIT MAXIMIZATION. See BEHAVIOURAL THEORY OF THE FIRM, MANAGERIAL THEORIES OF THE FIRM, RISK AND UNCERTAINTY.

entrepreneur

One who assumes risk in order to combine knowledge, capital, and resources to create a venture that will hopefully return a profit.

References in periodicals archive ?
admitted that she informed the runaway suspects that the Chinese man was a company owner and constantly received money transfers from abroad.
The provisions of the Stimulus Package Act provide a prime opportunity for proactive tax planning on behalf of the construction company owner.
In 1985, the Supreme Court upheld a 16-year prison term given to Kim by the Fukuoka court for conspiring with the company owner and smuggling 4 kilograms of stimulant drugs from South Korea in October 1980 and June 1981, and for injuring a man who served as a carrier of the drugs.
The prosecutors insisted that the earlier ruling was appropriate, arguing that the company owner gave the new testimony out of fear that Kim might retaliate for the earlier testimony.
Some construction company owners say though they understand the situation, they cannot provide electricity during the
Although the approaches by software vendors may be different, most of them agree with the end goal of providing recycling company owners with a way to get a handle on the ongoing profitability of their businesses.
Telecommunications company owner * 350 Employees * Annual Sales: $40 million * Founded in 1979
Dubai A company owner is being prosecuted for allegedly filing an absconding report against one of his workers with malicious intent, said a senior official from the Ministry of Labour.
Some believe a license holder - often a company owner - should be on-site during the entire erection.
Company owner and spokesperson Patricia West stated that the defective lip balms pose no safety concerns.
The company owner was summoned to the Labour department after the workers complained.