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  • Who Is An Entrepreneur

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    Ryan Miller
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    An entrepreneur is defined as one who undertakes an enterprise or acts as an intermediary between capital and labor. An entrepreneur has been defined as an innovator, risk taker, and resource assembler. Key functions of an entrepreneur include searching for market opportunities, obtaining resources, purchasing inputs, marketing products, overseeing the assembly of a factory, bearing risks, and innovating.

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    An entrepreneur is defined as one who undertakes an enterprise or acts as an intermediary between capital and labor. An entrepreneur has been defined as an innovator, risk taker, and resource assembler. Key functions of an entrepreneur include searching for market opportunities, obtaining resources, purchasing inputs, marketing products, overseeing the assembly of a factory, bearing risks, and innovating.

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    24 views4 pages

    Who Is An Entrepreneur

    Uploaded by

    Ryan Miller
    An entrepreneur is defined as one who undertakes an enterprise or acts as an intermediary between capital and labor. An entrepreneur has been defined as an innovator, risk taker, and resource assembler. Key functions of an entrepreneur include searching for market opportunities, obtaining resources, purchasing inputs, marketing products, overseeing the assembly of a factory, bearing risks, and innovating.

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    of 4

    Who is an Entrepreneur

    “One Who undertakes an enterprise, especially


    (or) contractor acting as intermediary between
    capital and labour”- Oxford English
    Dictionary(1993)
    “Entrepreneur” has been defined in various
    ways
    An Innovator, A risk taker, A resource assembler or
    combination of all

    2/13/2019 Mahendran S/ EDP/Unit-I 1


    Characteristics an Entrepreneur

    2/13/2019 Mahendran S/ EDP/Unit-I 2


    Functions of an Entrepreneur
    Searching market opportunities
    Obtaining the available resources
    Purchasing inputs
    Marketing of the products and overcome competition

    2/13/2019 Mahendran S/ EDP/Unit-I 3


    Functions of an Entrepreneur
    Acquiring and overseeing assembly of the factory
    Industrial engineering
    Upgrading process and product quality
    Adopting new production techniques and methods
    Classify in to broad categories
    Risk Bearing
    Organisation
    Innovation

    2/13/2019 Mahendran S/ EDP/Unit-I 4

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