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Essay / The concept of entrepreneurship - 1433
The concept of entrepreneurshipThe entrepreneur is our visionary, the creator in each of us. We are born with this quality and it defines our lives as we respond to what we see, hear, feel and experience. It is developed, nourished, and given space to flourish or is stifled, thwarted, without air or stimulation, and dies. Michael GerberThe term 'entrepreneur' has existed since the 17th century, coming from France, where the expression 'entrepreneur' was first used when a Frenchman 'entered and took charge' of royal contracts. It was widely used to describe a person who led a project that would bring valuable benefits and see it through to completion, a person who could handle uncertainty and succeed in the face of challenges that would destroy a less well-run business. century, this description was modified by the French economist JB Say who instead focused on the business process rather than the practitioner. He stated that an entrepreneur moves economic resources from an area of low productivity to an area of higher productivity and higher output. Two hundred years later, confusion persists over the definitions of “entrepreneur” and “entrepreneurship,” as there is no single definition. Other examples support this point. In “Advanced Entrepreneurship” by H. Rwigema and R. Venter, the term is described as “...a process of conceptualizing, organizing, launching and – through innovation – developing a business opportunity by a potentially high-growth business in a complex and unstable environment. environment ". Meanwhile, Scott Shane in “General Theory of Entrepreneurship” believes that “entrepreneurship is an activity that involves the discovery, evaluation and exploitation of opportunities to introduce new goods and services, modes of organization, markets, processes and raw materials through organizational efforts. which did not exist before." (Shane, S. 2003) In fact, the variations are almost infinite: "Entrepreneurship is the act of forming a new valuable organization" (Bateman & Snell 1996), ".. . the creation of a new business" (Bartol & Martin 1998) or "... the process of creating something new with value by devoting the necessary time and effort, taking on the finances that it requires. "accompanying and receiving the resulting rewards of monetary and personal satisfaction and independence." (Hisrich & Peters 1998) Therefore, we can confidently say that entrepreneurship is at best ambiguous and at worst a concept extremely theoretical, but we think the best definition comes from Peter Kilby – as Wickham (1998) notes that the entrepreneur has a lot in common with the 'Heffalump', a fictional animal from A..