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 ?
Given the multiple pedagogical strategies rated by each student, determination of whether differing degrees of entrepreneurially mindedness has an impact on the students' ratings of pedagogical strategies is determined by a one-way multivariate analysis of variance test (MANOVA).
People who think entrepreneurially have a great advantage inside large corporations as well as small firms.
And its first-class support, wealth of local and national resources and flexible business models help entrepreneurially minded financial professionals ensure that their clients are well taken care of.
It should be noted now that the money that Trenitalia ask to be supplied shall be the property of the supplier Party which it has previously procured by purchase and sale transactions, while not specifically aimed at the final sale to Trenitalia, but at the end, entrepreneurially defined, for the disposal of the money previously purchased through the subsequent sale of the same to third parties.
Writing for the Institute of Welsh Affairs' website, he said: "Greater income tax powers could also allow Scotland to think entrepreneurially, in that they could be used to attract people to live and work in Scotland .
And for the entrepreneurially inclined, IILM has launched an entrepreneurship cell to handhold fledgling projects.
The coupling of tools such as Mara Mentor, an online mentoring platform that assists budding entrepreneurs to garner information and advice from business leaders, and NFTE's award-winning entrepreneurship curriculum will provide youth with tools to help them think entrepreneurially and to take responsibility for their futures.
The need for smart-thinking employees working entrepreneurially within public sector organisations has never been more important.
Successful companies will be those that can evolve, act entrepreneurially, collaborate.
Meanwhile, thousands of Israel's own entrepreneurially inclined citizens were emigrating to the United States.
Organizaciones Solidarias is an agency of the Colombian government whose mission is to promote, strengthen and develop entrepreneurially Solidary Organizations for the prosperity and support of the economic sectors and regions of the Country.

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