entrepreneur


entrepreneur
entrepreneur, entrepreneurship
There are at least four distinct meanings given to this term, which overlap only in part. At a basic level, an entrepreneur is a person who owns and runs a business-not necessarily a new, small, growing, or successful business. Economists define the entrepreneur as a person who risks capital and other resources in the hope of substantial financial gain, or as someone who specializes in taking judgemental decisions about the use and coordination of scarce resources. The emphasis is on calculated risk-taking. Sociologists define the entrepreneur as a creative innovator in the business sphere, in contrast to the conventional business-owner, capitalist, or professional manager, who conforms more often to established procedures and objectives. This conception originated with Joseph Schumpeter , who defined entrepreneurs as individuals who develop and implement new combinations of the means of production, a function which he described as fundamental to economic development in his bookThe Theory of Economic Development (1934). Finally, the term is sometimes used more loosely to refer to the owner or creator of a new, small, growing, and successful business, or even to any person who sets up a small business, or changes from an employee job to being self-employed, even though neither need involve any significant degree of innovation or capital investment.
The 1980s saw the development of the concept of intrapreneurs; that is, people working alone or in teams who remained employees within the organization or firm for which they worked, but took responsibility for some innovation, costly exercise or risky development, or even for a routine subset of activities, in the expectation of additional personal financial reward for successful ventures and profitable operations. At the extreme, intrapreneurs shade into employees whose earnings depend heavily on bonus and commission payments, or other incentive payments -such as sales personnel.
Theories about entrepreneurial behaviour concern the relative importance of personality traits, social marginality, the ‘artisan’ or ‘craftsman’ orientation to work, sources of risk capital, the economic environment, and institutions. Theories of economic growth do not always attach importance to entrepreneurs. Sociological interest in entrepreneurship has declined steadily with the emergence of monopoly capitalism and the rise of the modern business corporation . However, the American economic sociologist Ronald S. Burt has conducted a number of analyses of envy and entrepreneurial opportunities in competitive environments, notably via the application of concepts derived from network analysis (see Corporate Profits and Cooptation, 1983, and Social Contagion and Innovation, 1988).

Dictionary of sociology. 2013.

Look at other dictionaries:

  • ENTREPRENEUR — Si la fonction de chef d’entreprise revêt depuis la révolution industrielle une grande importance, la prise de conscience sur cette fonction est assez récente. Pendant longtemps les économistes se sont plus intéressés à la condition qu’aux tâches …   Encyclopédie Universelle

  • entrepreneur — entrepreneur, euse (an tre pre neur, neûz ) s. m. et f. 1°   Celui, celle qui entreprend quelque chose. Le projet échoua, et les entrepreneurs furent obligés d y renoncer. •   Cette entreprise fera beaucoup d honneur à l entrepreneur, à l… …   Dictionnaire de la Langue Française d'Émile Littré

  • entrepreneur — ENTREPRENEUR, EUSE. subs. Celui, celle qui entreprend à forfait quelque ouvrage considérable, comme des fortifications, un pont, le pavé d une Ville, la fourniture des vivres, etc. etc. [b]f♛/b] Il se dit plus particulièrement d Un Architecte qui …   Dictionnaire de l'Académie Française 1798

  • entrepreneur — 1828, manager or promoter of a theatrical production, reborrowing of Fr. entrepreneur one who undertakes or manages, agent noun from O.Fr. entreprendre undertake (see ENTERPRISE (Cf. enterprise)). The word first crossed the Channel late 15c. but… …   Etymology dictionary

  • entrepreneur — Entrepreneur. s. m. Qui entreprend un bastiment, pour un certain prix. Un habile, un bon entrepreneur …   Dictionnaire de l'Académie française

  • Entrepreneur — En tre*pre*neur , n. [F. See {Enterprise}.] (Polit. Econ.) One who takes the initiative to create a product or establish a business for profit; generally, whoever undertakes on his own account an enterprise in which others are employed and risks… …   The Collaborative International Dictionary of English

  • Entrepreneur — (fr., spr. Angl rprenöhr), Unternehmer; bes. Unternehmer von Bällen u. anderen auf gemeinschaftliche Kosten angestellten Vergnügen. [782] Entrepreniren, unternehmen. Entreprenant, unternehmend, kühn. Entreprise, Unternehmung …   Pierer's Universal-Lexikon

  • Entrepreneur — (franz., spr. angtr prĕnör), Unternehmer, Lieferant; entreprenieren, unternehmen …   Meyers Großes Konversations-Lexikon

  • Entrepreneur — (frz., spr. angtr prĕnöhr), Unternehmer (von Konzerten, gemeinschaftlichen Festlichkeiten etc.); Lieferant; entreprenieren, unternehmen; Entreprise (spr. – prihs ), (General )Unternehmung; in Entreprise geben (nehmen), Lieferungen, Bauten etc.… …   Kleines Konversations-Lexikon

  • entrepreneur — index merchant, speculator Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary