publication . Article . Other literature type . 2015

Entrepreneur and Entrepreneurship

Louangrath, Paul;
Open Access English
  • Published: 31 Mar 2015
Abstract
This paper traces the historical concept of entrepreneurship to the formal work of Schumpeter. The purpose of this paper is to introduce the formation of entrepreneurship, its development, and transformation into a formal corporate business. We assert that an entrepreneur is one who pays know cost in order to produce income that is uncertain and unfixed. Both uncertainty and unfixed income entails risk; thus, entrepreneurs are commonly called risk takers. However, to limit the definition of entrepreneur to risk taking is incorrect because an entrepreneur truly is someone who defines and redefines, by means of innovation, factors of production and market for cons...
Subjects
ACM Computing Classification System: ComputingMilieux_THECOMPUTINGPROFESSIONGeneralLiterature_MISCELLANEOUS
free text keywords: entrepreneur, entrepreneurship, family business
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Article . 2015
Provider: ZENODO
Zenodo
Other literature type . 2015
Provider: Datacite
Zenodo
Other literature type . 2015
Provider: Datacite
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publication . Article . Other literature type . 2015

Entrepreneur and Entrepreneurship

Louangrath, Paul;