Skip to main content

In the News

The changing face of entrepreneurs | napavalleyregister.com

by BETH PRATT from napavalleyregister.com

In 1803, Jean-Baptiste Say defined “entrepreneur” as an economic agent who ties all means of production, land, labor and capital to produce a product. In 1934, Schumpeter defined entrepreneurs as innovators who use a process of shattering the status quo to produce new products and services. Today, an entrepreneur is a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

Entrepreneurs are not limited to small businesses. An “intrepreneur” is an inside entrepreneur or an entrepreneur within a large organization who uses entrepreneurial skills without incurring the risks associated with those activities. Intrepreneurs are innovators always seeking solutions to improve the organization.

...

Read the full article at napavalleyregister.com