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 ?
To give an example, there exists a relative consensus in the assertion that entrepreneurs have a higher education level than non-entrepreneurs (Jaramillo Villanueva, Escobedo Garrido, Morales Jimenez, & Ramos Castro, 2012; Vale, Serafim, & Teodosio, 2011), despite studies that alert to the fact that entrepreneurism is not a phenomenon restricted to the "elite", with entrepreneurs from poorer classes and homes whose parents have low education levels (Vale, 2014).
Seeing this level of digital entrepreneurism in the Middle East is still a delight for me and, rightly or wrongly, I do see ArabNet as a sort of inflection point -- there had been startups before and funds before, but the bringing together of so many last year in Beirut was a first.
ENTREPRENEURISM in the present day is almost unrecognisable when compared with the early eighties, a new study by the London School of Economics and Shell Livewire has found.
Brooks defines four characteristics of conservatism: religious faith, stable two-parent families, personal entrepreneurism, and an opposition to government income redistribution.
von Liebig Center for Entrepreneurism and Technology Advancement at the University of California, San Diego, explained to the times that "Devices are much easier to understand for a repurposed venture guy," such as a person who used to focus investments on the computer industry
He said: "This corner shop started more than 50 years ago and it has grown into a monument of entrepreneurism, hard work, endeavour and foresight, a veritable icon woven into the fabric of Grangetown, sometimes called the 'everything shop'.
These include the need to cultivate workplace democracy, stress on "people conservation" and the practice of community entrepreneurism.
When you look at the range of applications the fund supported there is no doubt that the economic diversity of the area has been strengthened and its spirit of entrepreneurism is alive and kicking.
But Eleanor Petrie, of the Parents' Council, said: "It's frightening and smacks of entrepreneurism without conscience.
After having the opportunity to be a guest lecturer for a group of New York University first- and second-year medical students, it is quite apparent that entrepreneurism should be a core course.
Coverage ranges from theories of entrepreneurship, entrepreneurism, entrepreneurs, small firms, new ventures, family business and sustainable economic development.

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