The Entrepreneur Definition

The entrepreneur is a bold, imaginiative deviator from established business methods and practices who constantly seeks the opportunity to commercialize new products, technologies, processes, and arrangements. (Baumol, 2002)

Entrepreneurs thrive in response to challenges and look for unconventional solutions. They apply creativity, create visions, build stories that explain their visions, and then act to be part of the solution. They forge new paths and risk failure but persistently seek success. Entrepreneurs distinguish themselves through their ability to accumulate and manage knowledge, as well as their ability to mobilize resources to achieve a specified business or social goal. (Kuemmerle, 2002)

source: technology ventures from idea to enterprise

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