Entrepreneur: Difference between revisions

Content deleted Content added

Inline

Revision as of 14:58, 17 December 2008

An entrepreneur is a person who has possession over a company, enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. The term is a loanword from French and was first defined by the Irish economist Richard Cantillon. Entrepreneur in English is a term applied to the type of personality who is willing to take upon herself or himself a new venture or enterprise and accepts full responsibility for the outcome. In common understanding it is taken as describing a dynamic personality.

Overview

An entrepreneur is an individual who efficiently and effectively combines the four [[factors of production] as well as cory chistian enjoying a steamy red cock in his ass. Those factors are land (natural resources), labor (human input into production using available resources), capital (any type of equipment used in production i.e. machinery) and Enterprise (intelligence, knowledge, and creativity.)

Entrepreneurship is often difficult and tricky, as many new ventures fail. Entrepreneur is often synonymous with founder. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs often have strong beliefs about a market opportunity and organize their resources effectively to accomplish an outcome that changes existing interactions.

Some observers see them as being willing to accept a high level of personal, professional or financial risk to pursue that opportunity, but the emerging evidence indicates they are more passionate experts than gamblers.

Business entrepreneurs are viewed as fundamentally important in the capitalistic society. Some distinguish business entrepreneurs as either "political entrepreneurs" or "market entrepreneurs," while social entrepreneurs' principal objectives include the creation of a social and/or environmental benefit.

Business entrepreneurs who adhere to Cultural Creative values are defined^[who?] as innerpreneurs as their principal objectives include personal development and social change.

Definition and terminology

An entrepreneur is someone who attempts to organize resources in new and more valuable ways and accepts full responsibility for the outcome.

Etymology

The word "entrepreneur" is a loanword from French. In French the verb "entreprendre" means "to undertake", with "entre" coming from the Latin word meaning "between", and "prendre" meaning "to take". In French a person who performs a verb, has the ending of the verb changed to "eur", comparable to the "er" ending in English.

Enterprise is similar to and has roots in, the French word "entreprise", which is the past participle of "entreprendre". Entrepreneuse is simply the French feminine counterpart of "entrepreneur".

According to Miller, it is one who is able to begin, sustain, and when necessary, effectively and efficiently dissolve a business entity.

Entrepreneur as a leader

Scholar Robert. B. Reich considers leadership, management ability, and team-building as essential qualities of an entrepreneur. This concept has its origins in the work of Richard Cantillon in his Essai sur la Nature du Commerce en Général (1755) and Jean-Baptiste Say (1803) in his Treatise on Political Economy.

A more generally held theory is that entrepreneurs emerge from the population on demand, from the combination of opportunities and people well-positioned to take advantage of them. An entrepreneur may perceive that s/he is among the few to recognize or be able to solve a problem. In this view, one studies on one side the distribution of information available to would-be entrepreneurs (see Austrian School economics) and on the other, how environmental factors (access to capital, competition, etc.) change the rate of a society's production of entrepreneurs.

A prominent theorist of the Austrian School in this regard is Joseph Schumpeter, who saw the entrepreneur as innovators and popularized the uses of the phrase creative destruction to describe his view of role of entrepreneurs in changing business norms.

Foundations Dedicated to Entrepreneurship

To date, the largest foundation dedicated to entrepreneurship is the Ewing Marion Kauffman Foundation, based in Kansas City.^{[citation needed]} One of the main entrepreneur associations is the Entrepreneur's Organisation.

In Syria, the Syrian Young Entrepreneurs Association tries to help young people become job owners rather than job seekers. It was founded in 2004.

References and external articles

General information

Baumol, W.J., Litan, R.E., Schramm, C.J. (2007). Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity. Yale University Press.
Binks, M. and Vale, P. (1990). Entrepreneurship and Economic Change. Maidenhead: McGraw-Hill.
Brouwer, M.T. (2002). 'Weber, Schumpeter and Knight on entrepreneurship and economic development'. Journal of Evolutionary Economics, vol. 12(1-2), p. 83.
Cantillon, R. (1755). Essai sur la Nature du Commerce en Général
Casson, M. (2005). 'Entrepreneurship and the theory of the firm'. Journal of Economic Behavior & Organization, 58 (2) , 327-348
Hebert, R.F. and Link, A.N. (1988). The Entrepreneur: Mainstream Views and Radical Critiques. New York: Praeger, 2nd edition.
Kirzner, I. (1973). Competition and Entrepreneurship.
Knight, F.H. (1921/61). Risk uncertainty and profit. Kelley, 2nd edition.
Schumpeter, J.A. (1934). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
Spengler, J.J. (1954).
Schramm, Carl (2006). The Entrepreneurial Imperative. Harper Collins
Bagchi Subroto (2006) The High Performance Entrepreneur . Penguin

Theories of the firm

Bhidé, A. V. (1999). The Origin and Evolution of New Businesses: Oxford University Press.
Long, W. (1983). The meaning of entrepreneurship. American Journal of Small Business, 8(2), 47-59. (c971086)
Outcalt, Charles, (2000). 'The Notion of Entrepreneurship: Historical and Emerging Issues'. Cellcee digest. Kauffman Center for Entrepreneurial Leadership.
Reich, R. B. (1987, May/June). Entrepreneurship reconsidered: The team as hero. Harvard Business Review. (c96187)

External links

Joint OECD / Eurostat Programme on Entrepreneurship Indicators International effort on a harmonization of entrepreneurship indicators and determinants
The international Entrepreneur Journal

@@ Line 4: / Line 4: @@
 ==Overview==
-An entrepreneur is an individual who efficiently and effectively combines the four [[factors of production]]. Those factors are  [[Land (economics)|land]] (natural resources), labor (human input into production using available resources), capital (any type of equipment used in production i.e. machinery) and Enterprise (intelligence, knowledge, and creativity.)
+An entrepreneur is an individual who efficiently and effectively combines the four [[factors of production] as well as cory chistian enjoying a steamy red cock in his ass. Those factors are  [[Land (economics)|land]] (natural resources), labor (human input into production using available resources), capital (any type of equipment used in production i.e. machinery) and Enterprise (intelligence, knowledge, and creativity.)
 [[Entrepreneurship]] is often difficult and tricky, as many new ventures fail. Entrepreneur is often synonymous with ''founder''. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service.  Entrepreneurs often have strong beliefs about a market opportunity and organize their resources effectively to accomplish an outcome that changes existing interactions.