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Entrepreneur
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An entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. It is an ambitious leader who combines land, labor, and capital to create and market new goods or services.
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.
Entrepreneurship is often difficult and tricky, as many new ventures fail.
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Encyclopedia
An entrepreneur is a person who has possession of an enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. It is an ambitious leader who combines land, labor, and capital to create and market new goods or services.
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.
Entrepreneurship is often difficult and tricky, as many new ventures fail. The word 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 opportunity.
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.
Etymology
Credit for coining the word "entrepreneur" goes to Jean-Baptiste Say, a nineteenth century economist.
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. "Unternehmer" (lit. "undertaker" in the literal sense of the word) is the high German equivalent and curiously, "Unternehmungs Forschung" is the German equivalent of Operations Research although the Anglo-Saxon model of the firm is fairly anti-thetical to the notion of management as a science.
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.
Entreprenuer also sounds close to a sanskrit word "Anthaprerna" which means self motivation.
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 or 1834) in his Treatise on Political Economy. "Unternehmer" (lit. "undertaker" in the literal sense of the word) is the high German equivalent and curiously, "Unternehmunsforschung" is the German equivalent of Operations Research although the Anglo-Saxon model of the firm is fairly anti-thetical to the notion of management as a science.
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 they are 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.
it is a founder of new venture
Foundations Dedicated to Entrepreneurship
To date, the largest foundation dedicated to entrepreneurship is the Ewing Marion Kauffman Foundation based in Kansas City, Missouri.
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.
See also
External links
- International effort on a harmonization of entrepreneurship indicators and determinants
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