Entrepreneur

Description of Entrepreneurial Organization. Explanation.

Definition Entrepreneur. Description.

An entrepreneur is someone who starts and organizes a business or a company (functional theory).
Typical attributes or orientation of such an individual are: innovative, initiative, creativity, assuming financial risk, problem solving, visionary / strategic, seeing a Strategic Window, strong belief in their idea, optimism, engaging uncertainty, achiever, hard worker, leadership, accepting responsibility (supply theory).
The demand theory holds that entrepreneurs mostly emerge out of the combination of entrepreneurial opportunities and people who are well-positioned to take advantage of them. Thus, anyone who encounters the right conditions might become an entrepreneur, if they find themselves in a position where they find a valuable problem that they alone can solve.

Definition Entrepreneurial Organization. Description.

An entrepreneurial organization could therefore be described as a company or agency that:

Has recently started. Compare: Business Incubator.
Displays the same attributes or orientation as an entrepreneur. Can-do attitude, is proactive, engages heavily in product innovation, is Agile, undertakes risky ventures, keen on achieving First-mover Advantage and short Time to Market, has a Flat Organizational Structure. Compare: Organization Chart.
Is in a Competitive Environment offering entrepreneurial opportunities.

Entrepreneurial behavior can be stimulated by Incentives. The philosophy that focuses on stimulating individual employees to act in an entrepreneurial way is referred to as Intrapreneurship.

Entrepreneurship Forum (9)

Typical Traits and Behavior of Entrepreneurs
"Can anyone give a reference or direction to understand entrepreneurs based on behavioural science or related fields. I am trying to understand cognitive processes of entrepreneurs and also why they act in certain ways. Thank you..."

Ecopreneurship Challenges
"What are the challenges for an ecopreneur in 2012? What kind of strategies are needed? Could anyone give me some ideas on this topic? Who is the precusor in this field? Thanks a lot!"

Publish your Research in Entrepreneurship
"For those of you that may be academics, please consider submitting your theory-based research on starting a business, entrepreneurship, small business, new venture creation, etc. to the Southern Journal of Entrepreneurship (southernjournalentrepreneurship.org). Thank you."

The 7 Ms of the Entrepreneur
"An entrepreneur basically manages 7M's, namely;
1. Men
2. Machines
3. Material
4. Money
5. Method
6. Message
7. Market."

Why it is So Hard to Share with Businessmen?
"I have been noticing that businessmen will typically not allow others to share with them. Even if someone is offering golden opportunities, they simply ask him to take a small percentage and leave all the cake for them!
I wonder why small businessmen cannot come together and form an association or find financial support so they can help each other and add value to the economy and welfare of their families and countries?"

Entrepreneurial Blitzkrieg as Solution to High Unemployment
"After analyzing the 2008 financial industry meltdown and the resulting jobs decimation, which has left us with an enduring 9 percent unemployment rate, I devised a plan based around the concept of launching a tsunami of new entrepreneurial ventures to "jump-start" the flagging U. S. Economy. The proposal describes a mechanism through which we can fund a massive number of new business ventures by tapping the financial power of Wall Street to create jobs on main street. The purpose of this mechanism is to take a private sector proactive approach to address the nation's expected long-term high unemployment problem. The particulars of the plan are described at my website.
Your feedback on this matter will be most appreciated."

What is the Contribution Entrepreneurs are Making to the Economy?
"What are the contributions of entrepreneurs in national economic development?"

Startup Company in 5 Industries?
"We have started a company and we are focusing on 5 fields simultaneously viz. software, telecom, construction and training and electrical contracts (local work). The reason why we are concentrating on all these fields at the same time is we are a very small company and need sources of revenue generation. We will focus on a single field after say 2 years or generating enough revenue. Is this a good strategy? Or should we concentrate on a single industry or field only right from the beginning?"

Entrepreneurial Organisation
"An entrepreneurial organisation is essentially made up of numerous individual entrepreneurs who are willing and able to show leadership and motivation in business."

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