entrepreneur

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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 corporationcorporation,
in law, organization enjoying legal personality for the purpose of carrying on certain activities. Most corporations are businesses for profit; they are usually organized by three or more subscribers who raise capital for the corporate activities by selling shares
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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).

entrepreneur

any owner of capital who is engaged in the management of an enterprise for the sale of goods or services for profit. Classical economics focused on entrepreneurial activity as a factor of production in which risk taking was the key attribute of the entrepreneur. Classical microeconomic theory of the firm also assumed the existence of an individual entrepreneur as the basis for decision making in terms of profit maximization. In contrast, sociological study of entrepreneurs has been concerned in particular with their position within the class structure, their values and their relations to other class groupings (see also MIDDLE CLASS). Features of entrepreneurship variously include: values of independence, innovation, competition and a belief in enterprise and profit making (see also PROTESTANT ETHIC, ENTERPRISE CULTURE). Recent organizational research has identified the phenomenon of intrapreneurship: the development of entrepreneurial attitudes and behaviour of employees within the enterprise.

Empirical research into entrepreneurs has indicated that they do not comprise a homogeneous category, but include the self-employed, small employers, owner-controllers and owner-directors (Scase and Goffe, 1982). Sociological analysis of the self-employed – small proprietors, artisans and tradespeople – has occupied a problematic place in the study of the changing class structure of capitalist societies in terms of their position between large-scale capital and the working class (see PETTY BOURGEOISIE). Interest in the self-employed has been renewed recently with the proliferation of small businesses and research into the INFORMAL ECONOMY. The class position of owner-controllers and owner-directors has figured prominently in the analysis of the separation of ownership from control, and of the RULING CLASS in advanced capitalist societies. See also MANAGERIAL REVOLUTION, POSTCAPITALISM AND POSTCAPITALIST SOCIETY.

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Not only do we need an institutional explanation for the lack of productive entrepreneurship in general, we also need to consider the mechanisms that preclude entrepreneurship from being systemic.
There is a need to create a strong link between the spirit of entrepreneurship and education (Reynolds et al, 2000).
The GEDI report reaffirmed that entrepreneurship is vital for economic growth and without projects and entrepreneurs, there would not be much creativity.
He said the RCCI had taken the initiative to be a part of global entrepreneurship week as a step to facilitate youth, develop stronger private sector, assist the innovators and support the idea of entrepreneurship as a career opportunity.
A total of 24 awards will be presented to Young Entrepreneurs below the age of 30 years* (18 awards) and Entrepreneurship ecosystem builders including organizations/ individuals (6 Recognition Awards).
Contributed by entrepreneurship, business, management, and economics researchers from Europe, Ghana, the US, and Brazil, the 14 chapters in this volume consider evidence for best practices in the construction and delivery of entrepreneurship education around the world, as well as success stories and the future direction of the field.
Keynote speakers Dr Ayman Al Tarabishy, Author of On Innovation book Terry Jones, Senior Director of Research Prof Brian Gibson, Australian Center for Entrepreneurship Research Director Prof Per Davidsson, and MIT Sociotechnical Systems Research Center Former Director Prof Deborah Nightingale presented on Why Entrepreneurship Education is more important than ever?
In last couple of decades, importance of entrepreneurship is signified several times as it is turned out to be the most potential economic force of the world (Kuratko and Hodgetts, 2007).
Keywords: Entrepreneurship, Entrepreneurship Education, Entrepreneurs, Business, Entrepreneurial Intentions, Self-competence, Risk Taking
ESA's goal of institutionalizing entrepreneurship within the school has led it to embark on a year-long planning process that will develop an old building on ESA's grounds into a permanent entrepreneurship center.
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What are the social factors affecting the entrepreneurship of educational management students from students' views?

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