Entrepreneur

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What is an Entrepreneur? Meaning.

Entrepreneurs are innovative persons having a low level of risk avoidance. They even have an 'appetite' for risk:

Entrepreneurs start a new business. This is intrinsically a risky venture.
They look for opportunities, which are always uncertain.
A new company normally has a strong focus on being successful from a financial perspective. To be financially successful, risk has to be taken. On the other hand, if too much risk is taken (shareholder) value can also be destroyed.
Entrepreneurs need to find a trade-off between risk and return.

Three Theories to Characterize Entrepreneurs

An entrepreneur is someone who starts and organizes a business or a company (functional theory).
Typical attributes or orientation of such an individual are: innovative, initiative, creativity, assuming financial risk, problem solving, visionary / strategic, seeing a Strategic Window, strong belief in their idea, optimism, engaging uncertainty, achiever, hard worker, leadership, accepting responsibility (supply theory).
The demand theory holds that entrepreneurs mostly emerge out of the combination of entrepreneurial opportunities and people who are well-positioned to take advantage of them. Thus, anyone who encounters the right conditions might become an entrepreneur, if they find themselves in a position where they find a valuable problem that they alone can solve.

What is an Entrepreneurial Organization? Meaning.

An entrepreneurial organization could therefore be described as a company or agency that:

Has recently started. Compare: Business Incubator.
Displays the same attributes or orientation as an entrepreneur. Can-do attitude, is proactive, engages heavily in product innovation, is Agile, undertakes risky ventures, keen on achieving First-mover Advantage and short Time to Market, has a Flat Organizational Structure. Compare: Organization Chart.
Is in a Competitive Environment offering entrepreneurial opportunities.

Entrepreneurial behavior can be stimulated by Incentives. The philosophy that focuses on stimulating individual employees to act in an entrepreneurial way is referred to as Intrapreneurship.

Entrepreneurship Special Interest Group

Special Interest Group (816 members)

Forum about Entrepreneurship

Discussions about Entrepreneurship.

	Typical Traits and Behavior of Entrepreneurs Can anyone give a reference or direction to understand entrepreneurs based on behavioural science or related fields. I a (...)

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	A Startup Company in Multiple Industries? We have started a company and we are focusing on 5 fields simultaneously viz. software, telecom, construction and traini (...)

	The 7 Ms of the Entrepreneur An entrepreneur basically manages 7M's, namely; 1. Men 2. Machines 3. Material 4. Money 5. Method 6. Message 7. M (...)

	How Entrepreneurs Reason and Make Decisions Sarasvathy (2001) argues effectual reasoning (effectual logic) guides the understanding of how entrepreneurs process inf (...)

	Publish your Research in Entrepreneurship For those of you that may be academics, please consider submitting your theory-based research on starting a business, en (...)

	Ecopreneurship Challenges What are the challenges for an ecopreneur in 2012? What kind of strategies are needed? Could anyone give me some ideas o (...)

	Entrepreneurial Blitzkrieg as Solution to High Unemployment After analyzing the 2008 financial industry meltdown and the resulting jobs decimation, which has left us with an enduri (...)

🔥	NEW What Exactly is Entrepreneurial Spirit? After start-up companies have grown and matured, they often lose sight of the original entrepreneurial spirit, essence o (...)

	Average Age of Entrepreneurs Most people probably think that most current startups are founded by young entrepreneurs. However, an analysis by Pierre (...)

	When should a Firm Engage in Social Business? Businesses are increasingly attempting to participate in social business. In order to create value by using social appro (...)

	What Type of Entrepreneur are You? What type of entrepreneur are you: an entrepreOWNER or an entrepreSLAVE of your business? You probably started your bus (...)

	Starting a Company Aimed at Young People I always dream to create my own company aimed at young people. But how can I start and what do you think young people ne (...)

	Common Risks in Entrepreneurial Companies Although every organization has to deal with a set of risks that are specific to the situation the company is working wi (...)

	Steps to Become Self-Employed? I am an employee of a certain company, and I would like to become self-employed and my own employer. I have an interest (...)

	Small Business Mortality Rate State, local and federal government resources are expended each year to encourage entrepreneurship and small business st (...)

Best Practices about Entrepreneurship

Here you find the most valuable discussions from the past.

🥇	What is the Contribution Entrepreneurs are Making to the Economy? What are the contributions of entrepreneurs in national economic development? (...)

🥈	Types of Social Enterprises Models The concept of ‘social enterprise’ is often understood differently by different people, mainly because it is an umbrella (...)

Expert Tips about Entrepreneurship

Here you will find advices by experts.

	Classes of Innovation \| Sources of Innovation Innovation, Creativity, Organizational Innovativeness, Lateral Thinking, Out of the Box Thinking, Blue Ocean Strategy (...)

	Entrepreneurial Strategies in Emerging Markets Emergent Strategy, Entrepreneurship, Strategic Innovation (...)

Information Sources about Entrepreneurship

Here you will find powerpoints, videos, news, etc.

	Sources and Methods of Financing a Start-up Company or Small Business Finance, Start-up Financing, Small Business, SME, Bootstrapping, Equity Capital, Debt Capital, Venture Capital (...)

	The Influence of Emotions and Moods on Decision-Making and Entrepreneurship Decision Making, Emotional Intelligence, Entrepreneurship, Cognitive Bias (...)

	Entrepreneurship: Characteristics and Success Factors Entrepreneurship, Intrapreneurship, Characteristics of an Entrepreneur, Startup Business (...)

	Techniques for Entrepreneurial Thinking Entrepreneurship, Critical Thinking, Creative Thinking, Lateral Thinking, Entrepreneurial Thinking (...)

	Establishing an Innovative Social Enterprise Social Entrepreneurship, Entrepreneurial Organization (...)

	Preparing a Feasibility Study Feasibility Analysis (...)

	Entrepreneurial Finance: Sources Of Funding Financing New Ventures, Start-up Financing, Equity Financing, Debt Financing, Venture Capital, Entrepreneurship (...)

	Design Thinking for Innovation Innovation, Entrepreneurship, Design Thinking, CSR, Social Entrepreneurship, Social Innovation (...)

	Introduction to Social Entrepreneurship Social Entrepreneurship, Innovation (...)

	Interview with Richard Branson on Entrepreneurship Entrepreneurship, Starting a Business, Workshops, Trainings (...)

	Social Enterprises: an EU Political Perspective Social Entrepreneurship, Entrepreneurial Organization, Social Economy (...)

	Social Entrepreneurship for Sustainable Community Development Social Entrepreneurship, Entrepreneurial Organization (...)

	Managing New, Dynamic Workplaces through Employee Engagement Workplace Management, Employee Engagement, Organizational Commitment, Burnout (...)

	Writing a Business Plan for a Social Enterprise Social Enterprise, Innovation, Entrepreneurship, Corporate Social Responsibility (...)

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