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 ?
Social entrepreneurship is rising up the agenda of businesses and governments around the world.
A more important criticism of Gartner's definition could be that it has not significantly changed the nature of entrepreneurship research.
Prof Wong is a Professor in Entrepreneurship at NUS Business School and Director of NUS Entrepreneurship Centre.
What are the economical factors affecting the entrepreneurship of educational management students from students' views?
The Symposium contained a number of working papers, including " Education for Entrepreneurship in Baden- WE-rttemberg", "Study on the Entrepreneurial Orientation for University Students in Public Universities in Malaysia", " Entrepreneurship in Universities: Opportunities and Challenges for Entrepreneurship Centre ".
The IBA-CED is envisioned to play a strategic role in promoting entrepreneurship in Pakistan and to create a new breed of youth and professionals who believe in opportunity recognition and new venture creation.
The local chapter of the World Entrepreneurship Forum aims at bringing together all stakeholders in any given country to contribute to the Forum's mission: "Promote and Accelerate Entrepreneurship locally as a way to create wealth and social justice, to prepare the world of 2050.
To register for the NACCE/BEC Community College Entrepreneurship Summit, visit http://www.
Entrepreneurship as a concept is defined and analysed in different ways by different scholars across distinct time and space (Sexton & Landstorm, 2000; Hisrich & Peters, 2002; Iversen et al, 2008; Trivedi & Stokols, 2011).
Scholars have argued over whether social entrepreneurship has specific ingredients, including particular responses or specific characteristics of the entrepreneur.
Creativity has been identified by several researchers as related to entrepreneurship.
Entrepreneurship is a relatively new field of research that has gained significant interest beyond the usual areas of management studies during the last few decades.

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