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 ?
This study attempts to answer these research questions, and as the result would contribute towards narrowing the knowledge gap in the specific context of entrepreneurial success of micro-entrepreneur, particularly from the Malaysian perspective.
Some scholars from personal traits, human capital, social capital, individual cognitive structure and entrepreneurial resources acquisition of "why some people are more likely to become entrepreneurs" this problem has been studied, but not yet further explain "why some entrepreneurs more innovative" this problem.
2014 saw a step change in our expediential growth as RBS agreed an exciting partnership to take the best practice from Scotland to the rest of the UK, and these Scotland numbers show the sheer potential that Entrepreneurial Spark has to engage, excite and, most importantly, accelerate budding entrepreneurs across the country.
Entrepreneurial perceived behavioral control can therefore be defined as the subjective evaluation of one's own entrepreneurial ability and resources, and also of the possibility of entrepreneurial success.
Similarly, the United Federation of Teachers, the union representing New York City teachers, took the unusually entrepreneurial step in 2005 of applying for and opening its own experimental charter school in an impoverished neighborhood in Brooklyn.
Entrepreneurial organizations also provide career opportunities for people interested in education who don't want to work within a district or state systems.
Wills, however, does not probe further into the social and cultural costs and benefits of these institutions and their impact on entrepreneurial culture.
IMI) is financial independence for girls, there's plenty of good stuff for entrepreneurial guys, too.
The entrepreneurial classes are demanding new, cost-cutting, efficiency-enhancing technologies as soon as these are shown to be posible and before benchmarks for their potential supply can be established.
Those who are challenged to take advantage of these opportunities will do wen to consider carefully the many points elucidated in this volume; every problem avoided is one greater chance to prevail in the quest for entrepreneurial success.
Meanwhile, what does it say that praise of the entrepreneurial spirit has taken over the business-book business and the even corporate CEOs now routinely condemn hierarchies and call for risk-taking excellence?
Report includes state-by-state breakdown of entrepreneurial activity with Midwest and West having highest rates

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