Saturday, November 15, 2008

Who are Entrepreneurs?




Who are Entrepreneurs?

There have been as many definitions of entrepreneur as there have been writers on the subjects. Kirzner (1979), define entrepreneur is more than just a risk-taker and innovator. He or she is the one who sees the future that no one else has seen and, if this perception is correct, bring about a reordering of resources to produce greater consumer satisfaction and technological efficiency.

Scarborough and Zimmerer (1998), he define an entrepreneur as a person who creates a new business in the face of uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on them. Entrepreneurs usually start with nothing more than an idea, often a simple one, and then assemble the resources necessary to transform that idea into a sustainable business.

According to Longenecker, Moore and Petty (2003), they defined as those individuals who discover market needs and launch new firms to meet those needs. They are also risk taker who provides an impetus for change, innovation, and progress in economic life.

Kuratko and Hodgetts, (2004), define an entrepreneur as one who undertakes to organize, manage and assume the risk of a business. The entrepreneur is also a catalyst for economic change who uses purposeful searching, careful planning, and sound judgment when carrying out the entrepreneurial process. Uniquely optimistic and committed, the entrepreneur works creatively to establish new resources or endow old ones with a new capacity, all for the purpose of creating wealth.

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