Entrepreneurial Development - Module 1



Definitions of Entrepreneur by Eminent Authors

1. “An entrepreneur is the agent who buys factors of production at certain prices in order to combine them into a product with a view to selling it at uncertain prices in future” – Cantillon

2. “An Entrepreneur always searches for a change, responds to it and always exploits it.” - Peter F. Drucker

3. “A person who sets up a business or businesses, taking on financial risks in the hope of profit” - Oxford Dictionary 

4.  “An individual who bears the risk of operating a business in the face of uncertainty about the future conditions” - International Encyclopedia

5.  “Individuals who exploit market opportunity through technical and/or organizational innovation.” - Schumpeter 

6.  “The one, who organizes, manages and assumes risks of a business or an enterprise” - Webster

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