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Entrepreneur

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For the practice of starting a new organization, see Entrepreneurship. For the magazine, see Entrepreneur (magazine).

te book 

 | last = Sullivan
 | first = Arthur
 | authorlink = Arthur O' Sullivan
 | coauthors = Steven M. Sheffrin
 | title = Economics: Principles in action
 | publisher = Pearson Prentice Hall
 | year = 2003
 | location = Upper Saddle River, New Jersey 07458
 | pages = 6
 | url = http://www.pearsonschool.com/index.cfm?locator=PSZ3R9&PMDbSiteId=2781&PMDbSolutionId=6724&PMDbCategoryId=&PMDbProgramId=12881&level=4
 | doi =
 | id =
 | isbn = 0-13-063085-3}}</ref>urus, Tim Hindle, The Economist, page 77,</ref>

Background

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 net social benefit.

Other entrepreneurs are necessity entrepreneurs. Entrepreneurship, particularly among women in developing countries (Minitti, 2010) seems to offer an improvement in the standard of living as well as a path out of poverty. Entrepreneurship is now growing at nearly three times the rate among women as it is among men.

As a leader

The entrepreneur is the main person behind a firm; she or he can demonstrate her or his quality as a leader by choosing the right managers for the firm.erity 3 (2007), citing generally Peter F. Drucker. Innovation and entrepreneurship (1985) (attributing coining and defining of “entrepreneur” to Jean-Baptiste Say, a treatise on political economy (1834)); but see Robert H. Brockhaus, Sr., The Psychology of the Entrepreneur, in Encyclopedia of Entrepreneurship 40 (Calvin A. Kent, et al. eds. 1982), citing J. S. Mill, Principles of political economy with some of their applications to social philosophy (1848). Note that, despite Baumol et al.'s citation, the Drucker book was published in 1986.</ref> 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. 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.[citation needed]

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 the role of entrepreneurs in changing business norms. Creative destruction dealt with the changes entrepreneurial activity makes every time a new process, product or company enters the market.. asson and Cantillon, say the entrepreneur is an organiser of factors or production that acts as a catalyst for economic change (Deakins and Freel, 2009). Shackle argues that the entrepreneur is a highly creative individual that imagines new solutions providing new opportunities for reward (Deakins and Freel, 2009). These are a few definitions from the entrepreneurship field but show the complexity and lack of cohesion between academic research (Gartner, 2001). Most research focuses on the traits of the entrepreneur. Cope (2001) argues that although certain entrepreneurial traits are required, entrepreneurs' behaviour are dynamic and influenced by environmental factors.

Shane and VenKataraman (2000) argue the entrepreneur is solely concerned with opportunity recognition and exploitation; however, the opportunity that is recognised depends on the type of entrepreneur which Ucbasaran et al. (2001) argue there are many different types of dependant on their business and personal circumstances.

There is a growing body of work that shows that entrepreneurial behavior is dependent on social and economic factors. The research into female entrepreneurs illustrates this quite clearly. "Countries which have healthy and diversified labor markepreneurship is ongoing, with notable work from the Kaufmann Institute forming the statistical basis for much of it. Research from Scott A. Shane (2008)[1] summarizes much of the counter-intuitive conclusions of this research while Adrian Perez's research on success attributes for co-founder teams is ongoing.[2]

Social Entrepreneur

Social entrepreneurs act within a market aiming to create social value through the improvement of goods and services offered to the community. Their main aim is to help offer a better service improving the community as a whole and are predominately run as non profit schemes. To support this point Zahra et al. (2009: 519) said that “social entrepre of socially run businesses include the NHS and also the 'Love One Water' drinks brand.

See also

Template:Wikipedia-Books

Notes

Look up entrepreneur in Wiktionary, the free dictionary.
  1. ^ The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By, Scott A. Shane, Yale University Press (January 28, 2008)
  2. ^ http://www.dropby.com/ElGrande/strengths.html
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