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ID number:411986
 
Evaluation:
Published: 08.11.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
Extract

Is it important to the organization? How entrepreneurial organization does create and to maintain it's culture?
Entrepreneur
A myth or a triumph of human spirit? There is no one fixed definition and the following is my own definition.
An entrepreneur uses innovation to exploit or create change or opportunity for the purpose of making a profit. They do this by shifting economic resources from an area of lower productivity to an area of higher productivity and greater yield, accepting a high degree of risk and uncertainty in doing so.
Whether entrepreneurial tendencies exist at birth or developed as person matures, certain traits are usually evident in those who enjoy success.
A passion for the business: The entrepreneur has more than a casual interest in the business because there will be hurdles and obstacles to be overcome. If there is no passion, or consuming interest, the business will not succeed.

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