Schumpeter defined an entrepreneur as a person who destroys the existing economic order to create and benefit from the new structure by introducing new products and services, or by creating new forms of organization, or by exploiting new raw materials. An entrepreneur is a person who bears certain risks in order to take advantage of an invention while from another point of view an entrepreneur is someone who is able to identify and exploit a new business opportunity. Though the definitions that constitute an entrepreneur differ in description, there is a consensus that an entrepreneur is someone who has a unique instinct, mind-set, inspiration or vision, and has the strengths, willingness, and ability to conceptualize ideas and implement a business plan and who sees change as an opportunity to create value.
The past thirty years have witnessed the most powerful emergence of entrepreneurial activity in the world. Entrepreneurs are now described as aggressive catalysts for change in the world of business; individuals who recognize opportunities where others see chaos, contradiction, or confusion. They have been compared to Olympic athletes challenging themselves to break new barriers, to long-distance runners dealing with the agony of the miles, to symphony orchestra conductors who balance the different skills and sounds into a cohesive whole, or to top-gun pilots who continually push the envelope of speed and daring. The U.S. economy has been revitalized because of the efforts of entrepreneurs, and the world has turned now to free enterprise as a model for economic development. The passion and drive of entrepreneurs move the world of business forward as they challenge the unknown and continuously create the future.
Ahoora Ltd | Management Consultation Group
Hamta Group | Hamta Business Solution Sdn Bhd