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 ?
is an organization of people dedicated to empowering entrepreneurs worldwide to start and grow successful companies.
Thirty-six years ago, the brash 35-year-old entrepreneur conjured up this publication--a magazine designed to help millions of blacks achieve their measure of the American dream through entrepreneurship, career development, and sound money management.
The current ruling awards Entrepreneur Media a permanent injunction.
All of the successful entrepreneurs I know are great at networking.
The Young Entrepreneurs (of Thunder Bay) are already established," Gorrie says.
IN THE NEW ECONOMY OF THE EARLY 21ST century, the entrepreneur and the venture capitalist are cast as adventurous characters, like the old maritime explorers or the bold California gold rush prospectors of the 19th century.
In its Program for Acquiring Competence in Entrepreneurship, the Center on Education and Training for Employment identified nine classifications of entrepreneurs (Ashmore, 1989).
Professional technical assistance programs and opportunities are available on college and university campuses nationwide, and new programs continue to emerge to assist entrepreneurs to meet contemporary economic development needs.
As the first award of its kind, the Ernst & Young Entrepreneur Of The Year([R]) Award recognizes outstanding entrepreneurs who are building and leading dynamic and growing businesses.
24 /PRNewswire/ -- Readers get insights and advice from Donald Trump and Robert Kiyosaki this month as these legendary business icons sit down in an interview with Entrepreneur magazine.

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