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 ?
To explore the possibility of an entrepreneurial mindset moderating the relationship between the components of knowledge management and individual creativity.
The remaining questions were those adapted or modified from previous research and used to measure the topical constructs of this study: organizational readiness, entrepreneurial mindset, and external factors.
ITEC, created with the goal of "educating, training, mentoring, and providing networking programs and opportunities that support the new entrepreneur," illustrates the growing interest in providing students with 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.
This can be avoided because Lebanon has the entrepreneurial mindset and the high skill manpower required to return the country to its previous status as a business and banking centre in the Middle East.
While Lebanon has the entrepreneurial mindset and the high skill manpower required to return the country to its previous status as a business and banking centre in the Middle East, its efforts to integrate into the global economy are often hindered by corruption and cronyism - both of which delay reforms.
Ever wonder whether an entrepreneurial mindset exists?
The longer-range answer is that, if you are of an entrepreneurial mindset, grants can open up new service opportunities and a chance to collaborate with alternative services already in place in your community.
Allison+Partners' entrepreneurial mindset and emphasis on innovation and creativity are consistent with how I've always approached this business," said Kendall.
Led by Dean Glenn Hubbard, the School's transformative curriculum bridges academic theory with unparalleled exposure to real--world business practice, equipping students with an entrepreneurial mindset that allows them to recognize, capture, and create opportunity in any business environment.
This project, the city government said, aims to promote an entrepreneurial mindset among the vulnerable sectors, and incapacitate them to undertake sustainable income-generating activities.
As a senior leader at a NACCE member community college, Rebecca knows firsthand the importance of having an entrepreneurial mindset in running a college and the impact entrepreneurship has on a local economy.

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