Definition Entrepreneur. Description.
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
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An entrepreneur is someone who starts and organizes
a business or a company (functional theory).
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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).
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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.
Definition Entrepreneurial Organization. Description.
An entrepreneurial organization could therefore be
described as a company or agency that:
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Has recently started. Compare:
Business Incubator.
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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.
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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.
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 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 need? What product should i provide to the youth?...
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What Type of Entrepreneur are You?
What type of entrepreneur are you: an entrepreOWNER or an entrepreSLAVE of your business?
You probably started your business to have more freedom, however now you work long hours.
Start answering these 3 key questions:
- Are y...
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How Entrepreneurs Reason and Make Decisions
Sarasvathy (2001) argues effectual reasoning (effectual logic) guides the understanding of how entrepreneurs process information and carry out decision-making process. Effectuation is typically used in situations of uncertainty while causal re...
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3 Types of Social Enterprise Models
The concept of ‘social enterprise’ is often understood differently by different people, mainly because it is an umbrella term which includes various business models. Cheng and Ludlow (2008) introduce a framework that outlines three models of social ...
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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 with, there are four risk categories that are common to basically all entrepreneurial companies. These common risk categories in ent...
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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 in farming.
I have done transport and logistics management, and automotive technique but I am tired of being an employee.
...
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Small Business Mortality Rate
State, local and federal government resources are expended each year to encourage entrepreneurship and small business start ups...
85% of all US jobs are created through small business.
However, almost every year the SBA, in its Annual Repo...
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Typical Traits and Behavior of Entrepreneurs
Can anyone give a reference or direction to understand entrepreneurs based on behavioural science or related fields. I am trying to understand cognitive processes of entrepreneurs and also why they act in certain ways. Thank you......
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Ecopreneurship Challenges
What are the challenges for an ecopreneur in 2012? What kind of strategies are needed? Could anyone give me some ideas on this topic? Who is the precusor in this field? Thanks a lot!...
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Publish your Research in Entrepreneurship
For those of you that may be academics, please consider submitting your theory-based research on starting a business, entrepreneurship, small business, new venture creation, etc. to the Southern Journal of Entrepreneurship (southernjournalentrepreneu...
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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. Market....
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Why it is So Hard to Share with Businessmen?
I have been noticing that businessmen will typically not allow others to share with them. Even if someone is offering golden opportunities, they simply ask him to take a small percentage and leave all the cake for them!
I wonder why small...
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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 enduring 9 percent unemployment rate, I devised a plan based around the concept of launching a tsunami of new entrepreneurial venture...
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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 training and electrical contracts (local work).
The reason why we are concentrating on all these fields at the same time is we are ...
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Entrepreneurship Special Interest Group
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Classes of Innovation | Sources of Innovation
TWO CLASSES OF INNOVATION
Innovation can be triggered or enabled by two broad classes:
- KNOWLEDGE PUSH: Innovation triggered...
Usage (application): Innovation, Creativity, Organizational Innovativeness, Lateral Thinking, Out of the Box Thinking, Blue Ocean Strategy
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Entrepreneurial Strategies in Emerging Markets
Chanvatipsakul and Wongsurawat (2013) examined the reasons why SMEs are successful in entering emerging markets while big companies with more resource...
Usage (application): Emergent Strategy, Entrepreneurship, Strategic Innovation
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Sources and Methods of Financing a Start-up Company or Small Business
This presentation elaborates on the methods to finance a start-up company. The presentation includes the following sections:
Section 1: Financing...
Usage (application): Finance, Start-up Financing, Small Business, SME, Bootstrapping, Equity Capital, Debt Capital, Venture Capital
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The Influence of Emotions and Moods on Decision-Making and Entrepreneurship
This presentation is about emotions in decision-making, thereby paying specific attention to Emotional Intelligence
1. Key questions
2. Emot...
Usage (application): Decision Making, Emotional Intelligence, Entrepreneurship, Cognitive Bias
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Entrepreneurship: Characteristics and Success Factors
Presentation about entrepreneurship and Intrapreneurship that includes the following sections:
1. Overview
2. Entrepreneurs versus Intrapren...
Usage (application): Entrepreneurship, Intrapreneurship, Characteristics of an Entrepreneur, Startup Business
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Techniques for Entrepreneurial Thinking
This presentation elaborates on the different types of thinking for successful entrepreneurship. The presentation includes the following sections: ...
Usage (application): Entrepreneurship, Critical Thinking, Creative Thinking, Lateral Thinking, Entrepreneurial Thinking
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Establishing an Innovative Social Enterprise
This presentation elaborates on social entrepreneurship and innovation. It includes the following sections:
1. Workshop purpose
2. Social en...
Usage (application): Social Entrepreneurship, Entrepreneurial Organization
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Preparing a Feasibility Study
This presentation gives an introduction into the concept of idea/business feasibility studies. The presentation consists of the following sections:
Usage (application): Feasibility Analysis
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Entrepreneurial Finance: Sources Of Funding
Interesting presentation about the financing of new companies, including the following sections:
1. What makes entrepreneurial financing differen...
Usage (application): Financing New Ventures, Start-up Financing, Equity Financing, Debt Financing, Venture Capital, Entrepreneurship
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Design Thinking for Innovation
This presentation is about design thinking and the connection to social entrepreneurship. The presentation includes the following sections:
1. Th...
Usage (application): Innovation, Entrepreneurship, Design Thinking, CSR, Social Entrepreneurship, Social Innovation
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Introduction to Social Entrepreneurship
Presentation that is a workshop about Entrepreneurship in the social sector. The presentation includes the following sections:
1. Workshop Purpos...
Usage (application): Social Entrepreneurship, Innovation
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Interview with Richard Branson on Entrepreneurship
Richard Branson on Business:
Entrepreneurship is all about painting a picture, creating something really special and making the whole picture (fu...
Usage (application): Entrepreneurship, Starting a Business, Workshops, Trainings
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Managing New, Dynamic Workplaces through Employee Engagement
This presentation elaborates on the characteristics of the newer type of workplace, possible reactions of employees and how to efficiently manage such...
Usage (application): Workplace Management, Employee Engagement, Organizational Commitment, Burnout
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Social Enterprises: an EU Political Perspective
Presentation about the social enterprise from a political perspective. The presentation includes the following sections:
1. Overview
2. Defi...
Usage (application): Social Entrepreneurship, Entrepreneurial Organization, Social Economy
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Social Entrepreneurship for Sustainable Community Development
Presentation that elaborates on the ways social enterprises can contribute to sustainable community development. The presentation includes the followi...
Usage (application): Social Entrepreneurship, Entrepreneurial Organization
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Writing a Business Plan for a Social Enterprise
This presentation provides information about the business planning involved in entrepreneurship. It includes the following sections:
1. Tips for ...
Usage (application): Social Enterprise, Innovation, Entrepreneurship, Corporate Social Responsibility
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News
Entrepreneurship
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Videos
Entrepreneurship
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Presentations
Entrepreneurship
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More
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Compare with:
Organizational Configurations
| Virtual Business
| First-mover Advantage
| Second-mover Strategy
| Feasibility Study
| Blue Ocean Strategy
| Competitive Environment
| Competitive Position
| Illusion of Control
Bias | Loss
Aversion Bias |
Disruptive Innovation
| Innovation
Adoption Curve |
Flat Organizational
Structure |
Entrepreneurial
Government | PAEI model
| Stretch Goals
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Special Interest Group Leader
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