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 ?
Jim Hirshfield's "Fortune and Freedom: The Entrepreneur's Guide to Success" is a must read for anyone who is interested in becoming an entrepreneur or who is already traveling down that road.
[c] George Torok is an entrepreneur, radio show host and bestselling author of "Secrets of Power Marketing".
Casson makes an entrepreneur a specialist in judgmental decision-making where "there is no decision rule that can be applied that is ...
Thirteen of the 22 questions indicate in the question how an entrepreneur would answer.
Take Tom Long, an entrepreneur from Wrightsville Beach, a seafront town on the North Carolina coast.
Raising venture capital: An entrepreneur's guidebook (4th printing).
He said that a great resume would help an entrepreneur to market himself.
As an entrepreneur you are responsible for funding all of these items.
Venture capitalists structure the deal with an entrepreneur to provide as much protection for the investors as possible should the company not prosper and to allow additional investment should the company flourish.
(At Xerox, researchers had worked furiously to develop a personal computer, but management made the brilliant decision to cancel the project.) If a product you use is useful, delicious, or fun, chances are an entrepreneur first conceived it-even if it has since been swallowed by a larger company.
Contact Vaibhav at vaibhav@iinnovatemag.com if an entrepreneur want to be featured or feature entrepreneurs' startup.
Executive education programs are important tools whether you're a professional in a monolithic corporation or an entrepreneur managing a startup.