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 ?
The strong correlation between growth of personal and national wealth in countries where entrepreneurism is high
Seeing this level of digital entrepreneurism in the Middle East is still a delight for me and, rightly or wrongly, I do see ArabNet as a sort of inflection point -- there had been startups before and funds before, but the bringing together of so many last year in Beirut was a first.
When you look at the range of applications the fund supported there is no doubt that the economic diversity of the area has been strengthened and its spirit of entrepreneurism is alive and kicking.
But Eleanor Petrie, of the Parents' Council, said: "It's frightening and smacks of entrepreneurism without conscience.
After having the opportunity to be a guest lecturer for a group of New York University first- and second-year medical students, it is quite apparent that entrepreneurism should be a core course.
Guy Clarke of Morgan Cole explained, ``The aspirations and desires of the Government are to encourage the property world to adopt a more flexible approach to commercial leasing, to create a framework of commercial lettings that will encourage entrepreneurism, and an environment for property letting in which businesses can flourish.
True, the Uruguayan nanny-state has indeed provided the country's small, ethnically homogenous and well-educated population with all the social goodies expected from a welfare economy; however, it has also achieved great success in stifling economic expansion, productivity, competitiveness and entrepreneurism, while at the same time stimulating a continuous exodus of young people, professionals and innovative firms from the country.
I daresay he is a nice enough chap but I doubt his style of pop culture entrepreneurism is suited to running trains.
The program will also involve Web design, information technology and entrepreneurism, the school said.
While we believe that reform of the bankruptcy legislation is overdue and that a distinction could and should be made between responsible and culpable bankrupts, we disagree with the fundamental assumption underlying consultation that a more lenient bankruptcy regime will encourage entrepreneurism.
That might be about to change, driven by NASA, a $250 million government and industry investment commitment, and new entrepreneurism among a handful of tiny companies with big dreams.

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