Explain The Concept of Entrepreneur


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Entrepreneur

 

“A good entrepreneur is one who is capable of inspiring confidence in people & has the ability to motivate them to work with him in fulfilling the economic goals set by him.”

 

  • Concept, Meaning & Definition:

 

Introduction:

      The entrepreneur is an important input of economic development. He is a catalyst of development; with him we prosper, without him we are poor.

 

Definition:

       Entrepreneur

PETER DRUCKER

“ An entreprenuer is one who always searches for change, respond to it & exploit it as an opportunity.”

           Marx

            “ Entrepreneur is a social parasite.”

 

Meaning of Entrepreneur:

  1. Entrepreneur is one who innovates, raises money, assembles inputs, chooses managers & set the organization going with his ability to identify them.
  2. In developing countries, “An entrepreneur is one who starts an industry, undertakes risks, bears uncertainties & also perform the managerial functions of decision-making & coordination.”

 

  • Meaning of Entrepreneur-

               An entrepreneur is one who starts an industry, undertake risks, bear uncertainties & also perform the managerial functions of decision making & co-ordination.

 

 

 

 

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