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 ?
I am delighted to see that more young entrepreneurs than ever before have entered the IBYE competition this year.
PAGE: How young entrepreneurs are contributing for the betterment of society?
ROYAL COMMAND: Jacob Hill (left), founder of festival kits firm The Lazy Camper, based in Huddersfield, receives his Young Entrepreneur Award from the Duke of York - and is now helping to find ways to get more young people to set up businesses
Last year, eight entrepreneurs from the Midwest region were selected as Ernst & Young Entrepreneur Of The Year Award winners from more than 80 nominations.
Their message to aspiring young entrepreneurs between the ages of 18 and 35 is to grasp the opportunity and get their applications into www.
Last year, 8 entrepreneurs in 8 categories from Pacific Northwest were selected as Ernst & Young Entrepreneur Of The Year[R] award recipients from more than 85 nominations.
CAAYE is a network of young entrepreneurs and the organisations that support them.
As a Greater Los Angeles award winner, David Rainer is now eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2008 national program.
And it is encouraging to know that there remain young entrepreneurs who have the same drive, ambition and business savvy as the most successful among us.
The Ernst & Young Entrepreneur of the Year awards program celebrates its 21st anniversary this year and continues to honor entrepreneurs who have demonstrated excellence in such areas as innovation, financial performance, and personal commitment to their businesses and communities.
David Vos, Founder & CEO, received the Ernst & Young Entrepreneur Of The Year([R]) 2007 Award in the Services category in Greater Washington.
com[TM], a service of infoUSA([R]) (NASDAQ:IUSA), the leading online provider of unlimited sales leads, mailing lists and business credit reports, today announced the recipients of the 2007 NFIB Young Entrepreneur Foundation's Young Entrepreneur Award.

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