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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.
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