What Are The Functions Of The Entrepreneur?
From an economists point of view entrepreneurship is best considered as a function. The entrepreneur is what the entrepreneur does. Entrepreneurship was first described in economic terms by Cantillon (1755) who defined the components of trade but the term was accorded prominence by Say (1803). The modern theory of the entrepreneur is primarily concerned with the primary characteristic of the search for or the discovery of knowledge. The entrepreneur uses this knowledge in reallocating resources, where it is argued that the qualities of shrewdness and deviousness enter, to his own advantaged. The very nature of entrepreneurship, that is doing something new and remote making it unpredictable, makes it impossible to give a precise and universally acceptable characterisation of it. Consequently there is a diversity of opinion regarding its function and definition.
The neo classical theory of the firm, entrepreneurial activity is analogous to a fixed factor endowment because it sets......
View the rest of this paper...
Approximate Word Count: 1945
Approximate Pages: 8 (250 words per double-spaced page)
Why should you join Frat Files?
- - It's safe, secure, and private.
- - Instant access to over 100,000 papers. New papers are added hourly.
- - Fast and reliable customer support.
Similar Essays
-
What Are The Functions Of The Entrepreneur?
What are the functions of the entrepreneur? From an economists point of
view entrepreneurship is best considered as a function. ... -
Who Wants To Be An Entrepreneur?
... interaction skills in terms of entrepreneurial functions. Table I lists the most
frequently cited keywords associated with the term entrepreneur, notably: "risk ... -
Becoming An Entrepreneur
... the like, none of those functions makes any difference if a firm does not have good
products with the capability to satisfy customers. An entrepreneur’s keen ... -
Entrepreneur Characteristics
... The typical characteristics of a successful entrepreneur are the ability to take
risk, innovativeness, knowledge of how the market functions, manufacturing know ... -
Ten Managerial Functions
ten managerial functions. ... calls Spokesperson Transmit information to outsiders through
speeches, reports, memos DECISIONAL Entrepreneur Initiate improvement ...
Frat Files
Members
Information
