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 ?
Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce and Industry, explained that recent research conducted by the Chamber found that selecting a co-founder remains a key challenge for startups and entrepreneurs.
"Co-Founder Dubai will provide both new startup businesses and aspiring co-founders with far-reaching benefits, including comprehensive training, matchmaking days, a dedicated curriculum and high-caliber talent, ultimately enabling startup s businesses to grow in the region," she said.
Ally Medical co-founder and Acentus CEO Todd Cianfrocca said, "We believe the Acentus platform represents the future for medical supply entrepreneurs.
"The $8m round is the biggest round of funding for a tech startup in Egypt and one of the biggest rounds in the Middle East," said Mostafa Kandil, co-founder and CEO of Swvl.
Left to right: Safi wa Nairobi (KPFA Radio), Poetess Kalamu Chache (Poet Laureate of East Palo Alto, California), Askia Toure (co-founder of the Black Arts Movement), Lakiba Pittman (Educator-Notre Dame de Namur University), Kim McMillon (UC Merced BAM organizer), and Umar Bin Hassan (Last Poets).
KARACHI -- 'The perceived risk is a lot greater than the actual risk,' said Careem co-founder Mudassir Sheikha in a session held at Karachi School of Business and Leadership (KSBL).
Rabindra, CEO, and Co-Founder from Lawble.com and approximately 30 students and lecturers.
'We are aware of the problems faced by Kashmiri students in different parts of India, especially with attacks on Kashmiri students in Rajasthan, Bangalore and more recently in neighboring Haryana,' said Syed Farman Safvi, a co-founder of KSU and a B Tech student at Doaba Institute.
Summary: The actress has requested for an Indian visa for Evelien Holsken, co-founder of Free-A-Girl
Anthony Thomson, who is also the co-founder of Metro Bank, is said to be focussing on a number of other ventures.
Co-founder and head brewer Ritchie Bosworth said: "I really wasn't expecting it.