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).
Entrepreneurship is often difficult and tricky, as many new ventures fail. Entrepreneur is often synonymous with founder. Most commonly, the term entrepreneur applies to someone who creates value by offering a product or service. Entrepreneurs often have strong beliefs about a market opportunity and organize their resources effectively to accomplish an outcome that changes existing interactions.
Some observers see them as being willing to accept a high level of personal, professional or financial risk to pursue that opportunity, but the emerging evidence indicates they are more passionate experts than gamblers.
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 social and/or environmental benefit.
Business entrepreneurs who adhere to Cultural Creative values are defined as innerpreneurs as their principal objectives include personal development and social change.
Enterprise is similar to and has roots in, the French word "entrepris", which is the past participle of "entreprendre". Entrepreneuse is simply the French feminine counterpart of "entrepreneur".
According to Miller, it is one who is able to begin, sustain, and when necessary, effectively and efficiently dissolve a business entity.
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 s/he is 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 saw the entrepreneur as innovators and popularized the uses of the phrase creative destruction to describe his view of role of entrepreneurs in changing business norms.
To date, the largest foundation dedicated to entrepreneurship is the Ewing Marion Kauffman Foundation, based in Kansas City. One of the main entrepreneur associations is the Entrepreneur's Organisation.
In Syria, the Syrian Young Entrepreneurs Association tries to help young people become job owners rather than job seekers. It was founded in 2004.
Entrepreneur's Entrepreneurial Attitude: In a Competitive Market, a Small-Business Magazine Stands out for Its Willingness to Take Risks
Feb 01, 1995; Karen O'Neill, promotion manager at entrepreneur, was explaining why the American entrepreneurs Association, a...
Entrepreneurs optimistic in face of recession; Private business owners concerned about Obama, health, finance.(Workplace)
Mar 11, 2009; BYLINE: Workplace Staff entrepreneurs, facing a global economic crisis that is projected to continue through 2009, are...