Entreprise

1. Introduction

“Entrepreneurship matters. It matters for individuals, organisations, and countries” (Minniti & Levesque, 2008). In recent years, there is increasingly attention paid to entrepreneur and entrepreneurship, and much importance has been attached to this field of study. But ‘Entrepreneur’ still lacks of universal acceptable definitions, in Cole’s (1969) words “for ten years we ran a research centre in entrepreneurial history, for ten years we tried to define the entrepreneur. But we never succeeded”. His question about whether the entrepreneur could be defined failed to stop researchers’ trying, which means that all the past attempts to identify entrepreneur still need some improvements. In order to completely understand this field, the varied definitions of entrepreneurs should be presented and their contributions should be discussed. As for the definition of entrepreneur, the Trait Theory, Culture Theory and the Behaviour Theory will be analysed firstly in this assignment aims to present varies of definitions of the entrepreneur and their difference from each other. And then, the second part of this essay will be a discussion about entrepreneurs’ implications on society and economy which will be followed by examples.

2. What is an entrepreneur?

The definition of entrepreneur is, as Schumpeter (1934) argues that “an entrepreneur is a person who carries out new combinations, which may take the form of new products, processes, markets, organizational forms, or sources of supply”(Schumpeter, 1934, as cited in Webster, 1997). While later, Schumpeter (1954) credits J. S. Mill with bringing the concept into general economic use when Mill (1848) included entrepreneurial functions as “direction”, “control”, “superintendence”, and “risk bearing”. Some researchers think that the owner-manager of a business who also manages the venture is an entrepreneur. However, some other authors such as Collins and Moore (1964) and Hornaday and Aboud (1971) tend to...