entrepreneur

(noun)

A person who organizes and operates a business venture and assumes much of the associated risk.

Related Terms

  • entrepreneurship
  • innovation

Examples of entrepreneur in the following topics:

  • Common Traits of Entrepreneurs

  • Defining an Entrepreneur

  • Common Backgrounds of Entrepreneurs

  • Introduction to Entrepreneurship

    • Entrepreneurs are innovators, willing to take risks and generate new ideas to create unique and potentially profitable solutions to modern-day problems.
    • Entrepreneurship ranges in scale from solo projects (that can even involve the entrepreneur working only part-time) to major undertakings that create many job opportunities.
    • Entrepreneurs have become an integral part of business.
    • Many kinds of organizations now exist to support would-be entrepreneurs, including specialized government agencies, business incubators, science parks, and some non-governmental organizations.
    • Joseph Schumpeter describes an entrepreneur as "a person who is willing and able to convert a new idea or invention into a successful innovation."
  • Defining Intrapreneurship

    • Intrapreneurship means behaving like an entrepreneur while working within a large organization.
    • Intrapreneurship means behaving like an entrepreneur while working within a large organization.
    • The intrapreneur acts as an "inside entrepreneur" who focuses on innovation and creativity while operating within the goals and environment of an organization.
  • Mintzberg's Management Roles

    • Entrepreneur: searches the organization and its environment and initiates improvement projects to bring about change; supervises design of certain projects as well.
  • Leadership and Task/Follower Characteristics: House

    • Occupations in which the achievement motive was most predominant were technical jobs, salespersons, scientists, engineers, and entrepreneurs.
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