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 ?
Food For Thought is a catalytic event celebrating the intersection of food, creative thinking, entrepreneurialism and social responsibility.
Clifford Schorer, Entrepreneur in Residence/Adjunct Professor for The Entrepreneurship Program - Columbia Business School, comments, "The Junior Achievement Business Plan Competition is an example of entrepreneurialism in action.
Clearly education about entrepreneurialism needs to emphasise the rewards of being your own boss and of the scope it gives for creativity.
GKF is seeking strategic partnerships across organizations that want to expand and accelerate the Global Health Supercourse model and the Advanced Distributed Learning (ADL) Initiative through increased emphasis upon entrepreneurialism and global collaborative innovation networks.
That's what the spirit of entrepreneurialism is all about.
Professor Henry Etzkowitz, chair of Management of Innovation, Creativity and Enterprise Business School at Newcastle University, said: "Academic success has been too narrow to support entrepreneurialism in the past.
This contradicts the movement toward empowerment and entrepreneurialism.
6 at Red Herring Global 2011 in Los Angeles, Jain highlighted the role of entrepreneurialism and innovation in today's global economy.
Rashid was selected among top industry leaders of high-growth, market-leading consumer companies for his outstanding entrepreneurialism and achievements with Chegg.
Potential levels of entrepreneurialism were higher among mothers than in other groups of adults, said the study by campaign group Women Like Us.
This report (directed by the head of the Organisation for Economic Co- operation and Development's Division of Regional Policies for Sustainable Development) is based on the idea that competitive cities will have to shift from the managerial mode of policy making, concentrating on managing spatial needs by land-use control and infrastructure provision to the "new urban entrepreneurialism," which focuses on creating new industry and jobs by attracting an economically active population into inner areas and regenerating economic infrastructures.
Carole Beverley, chief executive of the Entrepreneurs' Forum, said that together the sites reflected the grass roots spirit of entrepreneurialism in the region.

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