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Essay

Entrepreneurship

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Issue:

Business

 

Written by:

Aaron D

 

Date added:

March 13, 2017

 

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Grade:

A

 

No of pages / words:

7 / 1687

 

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7838 times

 

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Essay content:

Each concept will be discussed separately. 3.1 The classical approach According to van Praag (2005) the famous French economist, Jean-Baptiste Say (1767-1832) seemed to be the first expert who added managerial role into entrepreneur characteristics. The managerial role consist of getting involved in combining and coordinating factors which influence production process in order to accommodate the unexpected and overcome problems (Bridge, O’neill, & Cromie 1998)...
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Furthermore, from the same author Marshall stated that a successful entrepreneur will need (i) general ability which are being able to do multitask in one time, have everything ready in time, act promptly and show resource when something goes wrong, flexible to changes, steady and trustworthy; (ii) specialized abilities which are knowledge of trade, ability to forecast, taking risks and spot opportunities in the market; (iii) act as a nature leader of men while performing as an employer; (iv) and lastly a good fortune and capital...
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