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
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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.
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 (885 members)
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Forum about Entrepreneurship.
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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 o...
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Best Practices
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The top-rated topics about Entrepreneurship. Here you will find the most valuable ideas and practical suggestions.
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Advanced insights about Entrepreneurship. Here you will find professional advices by experts.
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How to Deliver a Business Pitch? Storytelling, Corporate Pitch, Pitching an Idea, Entrepreneurship, Assessing Pitches, Showrunners, Artists, Neophytes How do you deliver a very good pitch for some business idea or venture you want to sell?
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Classes of Innovation | Sources of Innovation Innovation, Creativity, Organizational Innovativeness, Lateral Thinking, Out of the Box Thinking, Blue Ocean Strategy TWO CLASSES OF INNOVATION
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KNOWLEDGE PUSH: Innovation trig...
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Entrepreneurial Strategies in Emerging Markets Emergent Strategy, Entrepreneurship, Strategic Innovation Chanvatipsakul and Wongsurawat (2013) examined the reasons why SMEs are successful in entering emerging markets while bi...
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Information Sources
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Various sources of information regarding Entrepreneurship. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.
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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 This presentation elaborates on the methods to finance a start-up company. The presentation includes the following secti...
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The Influence of Emotions and Moods on Decision-Making and Entrepreneurship Decision Making, Emotional Intelligence, Entrepreneurship, Cognitive Bias This presentation is about emotions in decision-making, thereby paying specific attention to Emotional Intelligence
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Entrepreneurship: Characteristics and Success Factors Entrepreneurship, Intrapreneurship, Characteristics of an Entrepreneur, Startup Business Presentation about entrepreneurship and Intrapreneurship that includes the following sections:
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Establishing an Innovative Social Enterprise Social Entrepreneurship, Entrepreneurial Organization This presentation elaborates on social entrepreneurship and innovation. It includes the following sections:
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Entrepreneurial Finance: Sources Of Funding Financing New Ventures, Start-up Financing, Equity Financing, Debt Financing, Venture Capital, Entrepreneurship Interesting presentation about the financing of new companies, including the following sections:
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Design Thinking for Innovation Innovation, Entrepreneurship, Design Thinking, CSR, Social Entrepreneurship, Social Innovation This presentation is about design thinking and the connection to social entrepreneurship. The presentation includes the ...
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Introduction to Social Entrepreneurship Social Entrepreneurship, Innovation Presentation that is a workshop about Entrepreneurship in the social sector. The presentation includes the following sec...
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Interview with Richard Branson on Entrepreneurship Entrepreneurship, Starting a Business, Workshops, Trainings Richard Branson on Business:
Entrepreneurship is all about painting a picture, creating something really special and ma...
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Social Enterprises: an EU Political Perspective Social Entrepreneurship, Entrepreneurial Organization, Social Economy Presentation about the social enterprise from a political perspective. The presentation includes the following sections:...
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Social Entrepreneurship for Sustainable Community Development Social Entrepreneurship, Entrepreneurial Organization Presentation that elaborates on the ways social enterprises can contribute to sustainable community development. The pre...
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Writing a Business Plan for a Social Enterprise Social Enterprise, Innovation, Entrepreneurship, Corporate Social Responsibility This presentation provides information about the business planning involved in entrepreneurship. It includes the followi...
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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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