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 ?
In accordance with what was suggested by Krecar and Coric (2013), that "entrepreneurial self-efficacy is a dynamic construct which changes along with entrepreneurial status", a recent tendency to study entrepreneurial self-efficacy in a pre-post setting can be noticed i.a., Karlsson and Moberg (2013), Shinnar, Hsu and Powell (2014), Ismail, Zain and Zulihar (2015).
Following the previously mentioned increasing interest in entrepreneurial self-efficacy research and the need to fill the gap with regard to European post-communist countries (and particularly- Poland), we pose the question whether entrepreneurial self-efficacy of Polish students can serve as an early predictor of their subsequent entrepreneurial activities, potentially leading them to nascent entrepreneurship.
Research papers in this sub-category are focused on impact of different constructs or variables specially EI on the entrepreneurial process.
He will be attending select ES events in the coming months to meet ES members and continue the mission of making Scotland the most entrepreneurial country in the world.
The training consisted of sessions on entrepreneurial principles and case studies by Dr Qureshi.
The self-perceived competence of the founders of entrepreneurial firms is positively related to the entrepreneurial intention and performance (Hmieleski and Baron, 2008).
Despite the different approaches to understanding the antecedents of entrepreneurial success, research converges on four personality dimensions that when present will drive entrepreneurial success: (3)
To address these problems the higher education system of the country needs to be reexamined for the enlargement of entrepreneurial activities and economic growth.
Fellowship recipients, known as Allan Gray Candidate Fellows, receive funding for university studies as well as access to support and development to cultivate an entrepreneurial mindset.
Critique: Very highly recommended for professional, corporate, college, and university library Business Management collections and supplemental studies reading lists, "Entrepreneurial Marketing" is comprised of a mix of theoretical content, examples, empirical analyses, and case studies, making it an informative, comprehensive, and unreservedly recommended resource for students, professors, researchers, practitioners, and policymakers.
This system involves funding and investment aspects, human resources, knowledge and expertise, and incentives to support the growth and continuity of entrepreneurial capacity of the university.

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