Chapter No 1. Entrepreneur Process

Apr 30th, 2015
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Kaplan University
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The word entrepreneur originates from the French word, entreprendre, which means "to undertake." In a business context, it means to start a business or means “between-taker” or go between [1] [2] [3]. There is no universally accepted definition of entrepreneur different authors gave different definitions

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Chapter No 1. Entrepreneur ProcessThe word entrepreneur originates from the French word, entreprendre, which means "to undertake." In a business context, it means to start a business or means "between-taker" or go between [1] [2] [3].There is no universally accepted definition of entrepreneur different authors gave different definitions Definitions' of entrepreneur today by Hisrich, Peters & Shepherd1.To an economist, and entrepreneur is one who brings resources, labour, materials and other assets in to combinations that make their value greater than before, and also one who introduces changes, innovations and a new order. 2.To a psychologist, such a person is typically driven by certain forces - the need to obtain or attain something, to experiment, to accomplish, or perhaps to escape the authority of others.3.To a Business man , entrepreneur appears as a threat, an aggressive competitor, whereas to another business man the same entrepreneur may be an ally, a source of supply , a customer, or someone who creates wealth for others, as well as finds better ways to utilize resources, reduce waste, and produce jobs others are glad to get.4.Entrepreneur: An entrepreneur is a person who has possession over a new company, enterprise, or venture, and assumes significant accountability for the inherent risks and the outcome. One who organizes, manages, and assumes the risks of a business or enterprise [6]5.On the one extreme an entrepreneur is a person of very h

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