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 ?
Nowhere else in education is the need for entrepreneurial mindsets so pervasive.
The literature suggests that both knowledge management and an entrepreneurial mindset should play a role in individual creativity.
Although these studies of the entrepreneurial mindset and organizational culture suggest which individuals and organizations are more entrepreneurial--and therefore more likely to engage in entrepreneurial action--they do not explain how and why entrepreneurialness changes over time as a function of reciprocal relationships between the two levels.
Based on the preceding discussion of issues potentially influencing decisions on e-commerce adoption, this study proposes that the perceived strategic value of e-commerce is influenced by organizational readiness, entrepreneurial mindset, and degree of competitiveness within the industry.
And if we want to come out of this recession with a pool of entrepreneurial talent, we need to instill resilience and an entrepreneurial mindset among school children.
All students can develop an entrepreneurial mindset and Queen's is one of the few universities in the world to teach entrepreneurship to students of all disciplines," he said.
My message to suppliers seeking to enter foodservice is this: before setting out, get the funding and timetable right, understand the entrepreneurial mindset of the sector and ensure you have the necessary distribution and production resources.
Recruiting people with an entrepreneurial mindset is an almost necessary condition in a turbulent age," says Graham Mitchell, director of Lehigh University's Program in Entrepreneurship.
Sahar Hashemi, founder of Coffee Republic, will be the keynote speaker and will provide an entertaining insight into the entrepreneurial mindset, brand building and marketing.
Companies must also adopt an entrepreneurial mindset.
The entrepreneurial mindset has been described as being committed and determined; ready to take leadership; obsessed with opportunity; tolerant of risk, creativity, ambiguity and uncertainty; self-reliant and able to adapt; and motivated to excel.

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