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 ?
Construction company owners may want to plan their major equipment and other fixed asset purchases for 2008 in order to maximize benefits granted in the Economic Stimulus Package.
Whenever the company owner says, "We can do that," a good estimator needs to be able to stand up and say, "No, we can't, and here's why." Finally, a good estimator needs to work and play well with both the sales staff and the production crew.
In 1985, the Supreme Court upheld a 16-year prison term given to Kim by the Fukuoka court for conspiring with the company owner and smuggling 4 kilograms of stimulant drugs from South Korea in October 1980 and June 1981, and for injuring a man who served as a carrier of the drugs.
The prosecutors insisted that the earlier ruling was appropriate, arguing that the company owner gave the new testimony out of fear that Kim might retaliate for the earlier testimony.
Federal and Provincial Governments, Chief Justice of Supreme Court and Balochistan High Court should intervene in the matter and arrest the company owner Kashif Qamar.
The victim had paid Dh10,000 to the company owner who promised him he will employ him as a driver in the UAE, as per Al Bayan report.
Jummah Khan, construction company owner, lodged a complaint with the local police that five robbers stormed into his house, held him hostage at gunpoint and made off with Rs1.9 million in cash, gold ornaments, cell phones and other valuables.
Dubai: A company owner has been cleared of molesting a woman accountant and attempting to remove her hijab.
If a company owner or chief executive is responsible for causing the death of one of their employees due to gross negligence they can also be prosecuted and face a prison sentence for manslaughter.
A logistic company owner that handles dozens of heavy vehicles told Gulf Times that using the Al Baraha truck yard was 'out of the question.' "It is just too far from our project sites inside Doha city and there is no way my drivers can go up and down from Al Baraha everyday and meet our own project deadlines," he said.
Another truck company owner said three of his drivers had submitted their resignations in recent days.