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The Evolution of Entrepreneurship

 The word “entrepreneur” is derived from the French “entre

prendre,” which means “to undertake.” Thus, it began as a

concept to identify one who undertakes to organize, manage,

and assume the risks of business. The risk-bearing part dates

back to the eighteenth century when French economist Richard

anuti!!o matched it with the term “entrepreneur.” "conomics

and entrepreneurship remained c!ose!y tied through the years

as noted economists such as #ean-$aptist %ay &'()*+ and

 #oseph %chumpeter &'*+ continued to write about

entrepreneurship and its impact on economic deve!opment.

ver the years various de/nitions have been used in an

attempt to describe entrepreneurship. The twentieth century

has !inked the term with free enterprise and capita!ism, whi!e

three speci/c activities have been recognized that

entrepreneurs perform0 serving as an agent for change

providing creative innovative ideas for the enterprise and

he!ping business grow and become pro/tab!e.

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1n entrepreneur 0 is an innovator or deve!oper who recognizes

and seizes opportunities2 converts those opportunities into

workab!e3marketab!e ideas2 adds va!ue through time, e4ort,

money, or ski!!s2 assumes the risks of the competitive

marketp!ace to imp!ement these ideas2 and rea!izes the

rewards from these e4orts.

Characteristics

!. 5ersona! initiative

6. The abi!ity to conso!idate resources

*. 7anagement ski!!s

. 1 tendency toward autonomy and risk taking

8. ompetitive

9. :oa!-oriented behavior

;. 1ggressiveness

(. 1bi!ity to emp!oy human re!ations ski!!s

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Identify a business or industry that you feel

passionate about:

$!ogging0

< !ove writing and in the same time < !ove fashion so < wi!! start

my business as b!ogger because it simp!e 1!! you need is a

computer, some time, and some energy to consistent!y write.

%o < wi!! choose to start with instagram because < wi!! start to

focus on my !oca! area =the gu!f=. 7ost of the gu!f peop!e !ike to

use instgram. The /rst that < wi!! do is to but some strategy to

get started. 1t the /rst < know < wi!! be hard because no one

knows my page. $ut with time and the right opportunity my

page wi!! became known and < my name wi!! trademark

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Assignment 1

Shaikha shaheen alnoaimi

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