entrepreneur

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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 ?
2006), "Improving Entrepreneurial Education through Self-Regulatory Skills", Paper presented at NCIIA Annual Conference held at Portland, Oregon, USA, Retrieved from http://nciia.
Keywords: Entrepreneurial Education, Entrepreneurial Intentions, Perceived Behaviors, Opportunity Identification
A Study on the Impact of Entrepreneurial Education on Entrepreneurial Intention of College Students [J], Tsinghua Journal of Education, 35(2), 120-124
Regarding the level of voluntary and compulsory training, Romania demonstrates high proportions--about two thirds--of voluntary training (meaning that individuals chosen to take entrepreneurial education, which is not a required activity).
The topics about literature review that based the main objective was entrepreneurship, entrepreneurial education, Brazilian context and innovation.
Whereas much literature regarding entrepreneurial education has examined how to teach entrepreneurship, relatively little research has been conducted regarding the efficacy of entrepreneurial teaching in the business school and if the students become more "entrepreneurial" as a result of entrepreneurial courses taught in the business school.
A valid and reliable questionnaire, Unemployed graduates' perception on the importance of entrepreneurial education in poverty alleviation, with construct validity and internal consistency reliability estimates ranging from 0.
As expected, European students are more likely to obtain access to entrepreneurial education if they attend a business school or a multidisciplinary institution with a business department.
Understanding the role of entrepreneurial education on the creation of this willingness to undertake risk and the development of an entrepreneurial skill set is the focus of this study.
The first category is described by them as << entrepreneurial education which is aimed at providing an opportunity to learn about the conditions favouring new business creation, as well as the various theories concerning the type of characteristics requiredfor successful entrepreneurship >> (Henry, Hill, & Leitch, 2005: 5).
Federal funding has allowed GoForth Institute to modify its successful online entrepreneurial education program to meet Aborginal needs.
According challenges DFIs are faced with include the need to offer a variety of products complementary to traditional credit, such as guarantees, factoring, information, entrepreneurial education and training, to remain relevant to their clients; as well as the need to build inclusive financial systems and enhance access to credit.

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