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 ?
That is why the promotion of entrepreneurship within Pakistan possesses its own level of importance.
"The development of women's entrepreneurship is receiving great attention from the state.
The Vice-Chancellor noted that since entrepreneurship was one of the most trending fields with a vast scope for self-employment and innovation, the Entrepreneurship Center would motivate students to be dedicated entrepreneurs, while the centre strives to narrow the gap between industry expectations and student capabilities.
Formation of the caucus is supported by the Center for American Entrepreneurship (CAE), Economic Innovation Group (EIG), the U.S.
- USASBE Emerging Program - awarded to Florida State University, Jim Moran School of Entrepreneurship
Two first papers looked by a strategic lens: In 2009 Vukanovic (2009) published a paper about strategic management of digital media in the digital economies and in the next year Shao (2010) examined digital strategy of U.S media and then Aldo von Weezle (2010) authored a paper that focused on the core of entrepreneurship: "creative destruction: why not researching entrepreneurial media?".
He emphasized on universities to provide such opportunities so that students could polish their skills and knowledge about entrepreneurship.
"The US government promotes the Egyptian entrepreneurship over organising job fairs, technology trainings and business seminars as well as entrepreneurship competitions," elaborated Shea.
Prof Syed Irfan commented on value addition and it's importance in entrepreneurship as critical for the promotion of entrepreneurship.
The nascent literature has not yet settled on a definition of social entrepreneurship. It is in a pre-paradigmatic state, and as the field is maturing, theory is developing (Granados, Hlupic, Coakes & Mohamed, 2011).
Previous research has established a positive relationship between human capital and entrepreneurship. In female entrepreneurship, social recognition and education play an important role in sustaining entrepreneurial spirit and management (Perez & Hernandez, 2016).
ISLAMABAD -- Office of Research Innovation and Commercialization (ORIC) at Fatima Jinnah Women University Organized ' Social Entrepreneurship Competition' in collaboration with the 'Center for Social Entrepreneurship at the Ministry of Planning Development and Reform.

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