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Dictionary:

entrepreneur

  (ŏn'trə-prə-nûr', -nʊr') pronunciation
n.

A person who organizes, operates, and assumes the risk for a business venture.

[French, from Old French, from entreprendre, to undertake. See enterprise.]

entrepreneurial en'tre·pre·neur'i·al adj.
entrepreneurialism en'tre·pre·neur'i·al·ism or en'tre·pre·neur'ism n.
entrepreneurship en'tre·pre·neur'ship' n.
 
 
Investment Dictionary: Entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes all the risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.

Investopedia Says:
Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to take good new ideas to market and make the right decisions to make the idea profitable. The reward for the risks taken is the potential economic profits the entrepreneur could earn.

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Person who takes on the risks of starting a new business. Many entrepreneurs have technical knowledge with which to produce a saleable product or to design a needed new service. Often, Venture Capital is used to finance the startup in return for a piece of the equity. Once an entrepreneur's business is established, shares may be sold to the public as an Initial Public Offering assuming favorable market conditions.

 

An individual who generates business activity. A businessman or businesswoman. Often associated with one who takes business risks.
Examples: Businesses owned by entrepreneurs include:

• auto dealerships

• restaurants

• retail stores

• wholesale distributing companies

 
Thesaurus: entrepreneur

noun

    One that creates, founds, or originates: architect, author, creator, father, founder2, inventor, maker, originator, parent, patriarch. See start/end.

 
Geography Dictionary: entrepreneur

An organizer, singly or in partnership, who takes risks in creating, investing in, and developing a firm from its inception through to hoped-for profitability as goods and services are marketed. The enterprise of the entrepreneur can be seen as a fourth factor of production, but other writers would classify it as a form of labour.

An entrepreneurial city is characterized by business-led urban development, technological innovation, social capital featuring skilled labour, and social and environmental sustainability, and supported by local authorities, educational and training institutions, and its own heritage and cultural industries. This is often coupled with aggressive marketing: to become an EU ‘capital of culture’ (Liverpool 2008), or to host the Olympic Games (Sydney 2000) or ‘Expos’—international trade fairs (Hamburg 1999). For entrepreneurial urbanism in east Manchester, see K. Ward, Area 35. Welfare geographers fear that private sector domination of the city will result in a decline of public services and infrastructure; the marketization of educational institutions; assistance for business as the first priority of local government; and a move to mass culture in the city's arts and entertainment infrastructure.

 
Columbia Encyclopedia: entrepreneur
(än'trəprənûr') [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. It was first used as a technical economic term by the 18th-century economist Richard Cantillon. To the classical economist of the late 18th cent. the term meant an employer in the character of one who assumes the risk and management of business; an undertaker of economic enterprises, in contrast to the ordinary capitalist, who, strictly speaking, merely owns an enterprise and may choose to take no part in its day-to-day operation. In practice, entrepreneurs were not differentiated from regular capitalists until the 19th cent., when their function developed into that of coordinators of processes necessary to large-scale industry and trade. Joseph Schumpeter and other 20th-century economists considered the entrepreneur's competitive drive for innovation and improvement to have been the motive force behind capitalist development. Richard Arkwright in England and William Cockerill on the Continent were prominent examples of the rising class of entrepreneurial manufacturers during the Industrial Revolution. Henry Ford was a 20th-century American example. The entrepreneur's functions and importance have declined with the growth of the corporation.

Bibliography

See J. Schumpeter, The Theory of Economic Development (1934); J. W. Gough, The Rise of the Entrepreneur (1969); O. F. Collins, The Organization Makers (1970).


 
Economics Dictionary: entrepreneur
(ahn-truh-pruh-nur, ahn-truh-pruh-noor)

One who starts a business or other venture that promises economic gain but that also entails risks.

 
Word Tutor: entrepreneur
pronunciation

IN BRIEF: A risk-taker who has the skills and initiative to establish a business.

pronunciation A true definition of an entrepreneur comes closer to: A poet, visionary, or packager of social change. — Robert Schwartz.

 
Games:

Entrepreneur

  • Platform: IBM PC Compatible
  • Release Date: 1995
 
Wikipedia: entrepreneur

An entrepreneur (a loanword from French introduced and first defined by the Irish economist Richard Cantillon) is a person who operates a new enterprise or venture and assumes some accountability for the inherent risks. A female entrepreneur is sometimes referred to as an entrepreneuse.

The newly and modern view on entrepreneurial talent is a person who takes the risks involved to undertake a business venture. In doing so, they are said to efficiently and effectively use the factors of production. That is land (natural resources), labor (human input into production using available resources) and capital (any type of equipment used in production i.e. machinery). A business that can efficiently manage this and in the long-run hopefully expand (future prospects of larger firms and businesses), will become successful.

Entrepreneurship is often difficult and tricky, as many new ventures fail. In the context of the creation of for-profit enterprises, entrepreneur is often synonymous with founder. Most commonly, the term entrepreneur applies to someone who creates system to offer a product or service in order to obtain certain profit. Business entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional or financial risk to pursue that opportunity. Business entrepreneurs are viewed as fundamentally important in the capitalistic society. Some distinguish business entrepreneurs as either "political entrepreneurs" or "market entrepreneurs."


Definition and terminology

An entrepreneur is someone who seeks to capitalize on new and profitable endeavors or business; usually with considerable initiative and risk.

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". In French a person who performs a verb, has the ending of the verb changed to "eur", comparable to the "er" ending in English. Therefore, an entrepreneur is an undertaker, a person who undertakes a task.

Enterprise is similar to and has roots in, the French word "entreprise", which is the past particple of "entreprendre".

Entrepreneuse is simply the French feminine word for "entrepreneur".

Entrepreneur as a leader

Scholar R. 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. The 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 sees the entrepreneur as innovator.


See also

General
Independent contractor, Internet Entrepreneur, Consultant, E-Myth
Entrepreneurship education
Master of Enterprise, Junior Enterprise, Young Enterprise, Business and Enterprise College

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


Theories of the Firm

  • 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)

Popular Literature

External links


 
Misspellings: entrepreneur

Common misspelling(s) of entrepreneur

  • entrepeneur

 
Translations: Entrepreneur

Dansk (Danish)
n. - entreprenør, spekulant, arrangør, bedriftsleder, mellemmand

Nederlands (Dutch)
ondernemer, bemiddelaar

Français (French)
n. - entrepreneur

Deutsch (German)
n. - Unternehmer

Ελληνική (Greek)
n. - επιχειρηματίας, (μουσ.) ιμπρεσάριος

Italiano (Italian)
imprenditore

Português (Portuguese)
n. - empresário (m), empreendedor (m)

Русский (Russian)
предприниматель, антрепренер

Español (Spanish)
n. - empresario

Svenska (Swedish)
n. - företagare, entreprenör

中文(简体) (Chinese (Simplified))
企业家, 主办人

中文(繁體) (Chinese (Traditional))
n. - 企業家, 主辦人

한국어 (Korean)
n. - 기업가

日本語 (Japanese)
n. - 企業家, 興行主

العربيه (Arabic)
‏(الاسم) رجل أعمال, المقاول‏

עברית (Hebrew)
n. - ‮קבלן, אמרגן‬


 
 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Thesaurus. Roget's II: The New Thesaurus, Third Edition by the Editors of the American Heritage® Dictionary Copyright © 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.  Read more
Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved.  Read more
Columbia Encyclopedia. The Columbia Electronic Encyclopedia, Sixth Edition Copyright © 2003, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/  Read more
Economics Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
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