Entrepreneurial Management PDF

ENTREPRENEURIAL MANAGEMENT Contributor an Year of Contribution to Entrepreneurship According to Peter Drucker, a management guru said that Contribution and/or The En...

ENTREPRENEURIAL MANAGEMENT Contributor an Year of Contribution to Entrepreneurship According to Peter Drucker, a management guru said that Contribution and/or The Entrepreneurship Entrepreneurship is a discipline that can be learned. "Most of Thought Contributed what you hear about entrepreneurship is all wrong, it is not magic, is not mysterious and it has nothing to do with genes. Jean Baptiste Say Refers to the shifting of - It's a discipline and like any discipline it can be learned." 1800 economic resources out of an - area of lower and into higher - productivity and greater yield. The Concept of Entrepreneurship - Entrepreneurship started in France after the French Carl Menger Involves in obtaining information, - Revolution. It was the start of capitalism and 1871 calculation, an act of will and - supervision. feudalism (20th century) - The word entrepreneur was coined by Jean Baptiste Joseph Schumpeter The finding and promoting new Say – a renowned French economist 1910 combinations of productive - factors. It promotes doing something different (new) rather - - than making the existing better. Harvey Liebenstein The reduction of organizational Joseph Schumpeter believed that entrepreneurship 1970 - inefficiency. innovatiechtena provides a dynamic disquilibria brought about by the innovative entrepreneur that brings a healthy Israel Kirzner The identification of market. growth He describedthipem" economy. shakes up the economy in - good waya 1975 arbitrage opportunities. - Entrepreneurship By definition: Albert Shapiro Involves a kind of behavior that 1975 includes initiative taking, Economists – - organizing, and recognizing “...consists in doing things that are not generally done in the social mechanism to turn · - taking ordinary course of business routine; it is essentially a resources and situations to outside f the o practical account and the phenomenon that comes under a wider aspect of leadership. tepping - acceptance of risks and failures. — Cantillon, 1725 W. Ed Mc Mullan and The building of new growth for “entrepreneurship, rigorously defined, refers to the creation of - Wayne A. Long organizations. i a new economic entity centered on a novel product or service 1990 or, at the very least, one which differs significantly from products or services offered to elsewhere in the market” The pursuit of opportunity Howard Stevenson beyond the resources currently — Joseph Schumpeter, 1934 - 1992 under one's control. - The Evolution of Entrepreneurship Jeffrey Timmons The ability to create and build a 1994 vision from practically nothing. - - Peter Drucker The process of starting one's - 1998 own, new and small business. It - - - is also the process of innovation - and new venture creation through four major dimensions - individual, organizational, environmental, process - aided by the collaborative networks in government, education and institutions. Robert Hisrich Involves the creation process, 2001 requires the devotion of the necessary time and effort, assumes the accompanying financial, psychic and social risks and receives the resulting rewards of monetary and - - personal satisfaction and independence. -