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 ?
According to the SME barometer published by entrepreneurs' organization Suomen Yrittajat in the spring, only one in ten entrepreneurs have significantly digitised their businesses.
Visit The Lonely Entrepreneur for more information about their newly launched non-profit division.
government interested in supporting entrepreneurs, especially in Africa.
Fouded in 2010, the TEF defends the entrepreneurship and entrepreneurs across the continent.
Data from 85 Lebanese tech entrepreneurs was gathered (out of 120 surveyed), and their companies landed on the Multiplier Map showing connections with other companies.
This is one of the great characteristics of women entrepreneurs - their willingness to share and help other women earn a living.
Entrepreneur Of The Year[R], founded by EY, is the world's most prestigious business awards program for entrepreneurs, chosen from an independent panel of judges including entrepreneurs and prominent leaders from business, finance, and the local community.
The growth of the proportion of women entrepreneurs in developing states has drawn the attention of both the academic and the development sector.
There are signs that women entrepreneurs are fast becoming leading job creators.
Returning to the show is the Cross-Matching Zone organised by the Innovative Entrepreneur Association.
On the other hand if the business doesn't succeed the entrepreneur doesn't make money - in fact they might also have personally guaranteed a bank loan and actually lose personal wealth.
A successful entrepreneur knows how her strengths and weaknesses affect her business.

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