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 ?
Fostering entrepreneurialism and innovation doesn't require an overhaul of internal processes.
Gibb & Hannon's (2006) conceptualisation of entrepreneurialism from over a decade ago remains salient (see Figure 1).
There have been few comprehensive assessments of what research has learned about entrepreneurialism in higher education, the global spread of market ideas in higher education, higher education institutions as potential spearheads of technological advance, and the role of the state in acting as a stimulus and an impediment to knowledge transfer.
Wilson, 65, encouraged entrepreneurialism with three funds that give faculty members incentives to seek more external research money.
Entrepreneurialism is also the heart of the American dream.
Some of these thoughts about entrepreneurialism came together recently when my daughter sent me a link to a YouTube video, a mash-up combining the opening sequence of Star Trek: The Next Generation overlaid with the theme music from Dallas.
Girl Geeks is a fun, friendly network for all women with an interest in technology, science, innovations, entrepreneurialism, creativity and computing.
The key components of Aban's knowledge transfer will include full technical support and skill-set training, as well as extensive onsite training for each of the local networks on global best practices for recruiting angel investors, screening investment opportunities, and nurturing a spirit of entrepreneurialism within the organizational structure.
The landmark Grade II listed building on the periphery of the city centre, already home to a hot bed of Wales' business talent, is now offering high-quality, flexible and affordable office solutions to encourage and support entrepreneurialism through these difficult times.
Dubai: The Arab Business Angels Network (Aban) and the British Business Group in Dubai and the Northern Emirates (BBG) have announced an alliance pooling resources and knowledge to promote entrepreneurialism, innovation and knowledge creation in the region.
THE spirit of entrepreneurialism in Scotland is alive and well.
Students gain a better understanding of entrepreneurialism by inventing a product and convincing others to invest in it, After learning about the economic Doom and bust cycles of the late 19th century, students identify new ideas create initial public offerings (IPOs), and invest in each other's proposals,

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