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- Entrepreneurship - Wikipedia definition Entrepreneurship is the practice of starting new organizations or revitalizing mature organizations, particularly new businesses generally in response to identified opportunities. Entrepreneurship is often a difficult undertaking, as a vast majority of new businesses fail.
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Entrepreneurship is an act of being an entrepreneur, or "the owner or manager of a business enterprise who, by risk and initiative, attempts to make profits". Entrepreneurs act as managers and oversee the launch and growth of an enterprise.
Using wiki models or crowdsourcing approaches, for example, a social entrepreneur organization can get hundreds of people from across a country (or from multiple countries) to collaborate on joint online projects (e.g., developing a business plan or a marketing strategy for a social entrepreneurship venture).
- History of Entrepreneurship
- The Entrepreneur
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The understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter and the Austrian economists such as Ludwig von Mises and von Hayek. In Schumpeter (1950), an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation. Entrepreneurship forces "creative destruction" across markets and industries, simultaneously creating new products and business models. In this way, creative destruction is largely responsible for the dynamism of industries and long-run economic growth. Despite Schumpeter's early 20th-century contributions, the traditional microeconomic theory of economicshas had little room for entrepreneurs in its theoretical frameworks (instead assuming that resources would find each other through a price system). For Frank H. Knight (1967) and Peter Drucker (1970) entrepreneurship is about taking risk. The behavior of the entrepreneur reflects a kind of person willing to put his or her career and financ...
Entrepreneurs have many of the same character traits as leaders. Similarly to the early great man theoriesof leadership; however trait-based theories of entrepreneurship are increasingly being called into question. Entrepreneurs are often contrasted with managers and administrators who are said to be more methodical and less prone to risk-taking. Such person-centric models of entrepreneurship have shown to be of questionable validity, not least as many real-life entrepreneurs operate in teams rather than as single individuals. Still, a vast but now clearly dated literature studying the entrepreneurial personality found that certain traits seem to be associated with entrepreneurs: 1. David McClelland(1961) described the entrepreneur as primarily motivated by an overwhelming need for achievement and strong urge to build. 2. Collins and Moore (1970) studied 150 entrepreneurs and concluded that they are tough, pragmatic people driven by needs of independence and achievement. They seldom...The entrepreneur has an enthusiastic vision, the driving force of an enterprise.The entrepreneur's vision is usually supported by an interlocked collection of specific ideas not available to the marketplace.The overall blueprint to realize the vision is clear, however details may be incomplete, flexible, and evolving.The entrepreneur promotes the vision with enthusiastic passion.
Template:Refimprove 1. Develop new markets. Under the modern concept of marketing, markets are people who are willing and able to satisfy their needs. In Economics, this is called effective demand. Entrepreneurs are resourceful and creative. They can create customers or buyers. This makes entrepreneurs different from ordinary businessmen who only perform traditional functions of management like planning, organization, and coordination. 2. Discover new sources of materials. Entrepreneurs are never satisfied with traditional or existing sources of materials. Due to their innovative nature, they persist on discovering new sources of materials to improve their enterprises. In business, those who can develop new sources of materials enjoy a comparative advantage in terms of supply, cost and quality. 3. Mobilize capital resources. Entrepreneurs are the organizers and coordinators of the major factors of production, such as land labor and capital. They properly mix these factors of product...
Every successful entrepreneur brings about benefits not only for himself/ herself but for the municipality, region or country as a whole. The benefits that can be derived from entrepreneurial activities are as follows: 1. Enormous personal financial gain 2. Self-employment, offering more job satisfaction and flexibility of the work force 3. Employment for others, often in better jobs 4. Development of more industries, especially in rural areas or regions disadvantaged by economic changes, for example due to globalisation effects 5. Encouragement of the processing of local materials into finished goods for domestic consumption as well as for export 6. Income generation and increased economic growth 7. Healthy competition thus encourages higher quality products 8. More goods and services available 9. Development of new markets 10. Promotion of the use of modern technology in small-scale manufacturing to enhance higher productivity 11. Encouragement of more researches/ studies and deve...
1. Entrepreneur, Entrepreneurial Economics, Political entrepreneur, Knowledge entrepreneurship, Social entrepreneurship, Internet Entrepreneur, Entrepreneurship education, Cooperative Entrepreneurship, Digital Entrepreneurship
1. Business incubators, Business opportunity, Junior enterprise, KaosPilots
1. List of management topics, List of social entrepreneurs
An entrepreneur is a person who organizes a venture to benefit from an opportunity, rather than working as an employee. Entrepreneurs play a key role in any economy. These are the people who have the skills and initiative necessary to anticipate current and future needs and bring good new ideas to market.
From Wikipedia, the free encyclopedia Creative entrepreneurship is the practice of setting up a business – or setting yourself up as self-employed - in one of the creative industries.
Entrepreneurship education seeks to provide students with the knowledge, skills and motivation to encourage entrepreneurial success in a variety of settings. Variations of entrepreneurship education are offered at all levels of schooling from primary or secondary schools through graduate university programs.
From Wikipedia, the free encyclopedia (Redirected from Entrepreneurial ecosystem) An entrepreneurial ecosystems or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures.
Louis De Geer (1587–1652), Walloon-born Dutch-Swedish businessman and industrialist; active mainly in the Dutch Republic and SwedenIsaac Le Maire (ca.1558-1624), Walloon-born Dutch businessman and investor; active mainly in the Dutch Republic
- 17Th-Century Entrepreneurs
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