Characteristics of an Entrepreneur Free Essay Example, 1500 words

Thirdly, Kirzner s view of the entrepreneur is who possesses unique knowledge, which enables him/her to extract economic rent from ignorance. Drucker refers to entrepreneurship as the attitude to change, to which he proposes: the entrepreneur always searches for change, responds to it and exploits it as an opportunity (2007; p. However, management researchers like Carlock (1994) and Grant and Perren (2002) and others have asserted that there no single accepted definition of entrepreneur in literature (Kruger, 2004). Based on different views, Carsrud and Brannback (2007; p. 10) have defined entrepreneurship as the process by which individuals-either on their own or inside organisations-pursue opportunities without regard to the resources they currently control. Al Shapero described entrepreneurial behaviour as the kind of behaviour that includes: taking initiative; organising or reorganising of social and economic mechanisms to turn resources and situations to practical account; an d the acceptance of risk and failure (Carsrud Brannback, 2007). Entrepreneurial persons are innovative and creative, but not necessarily inventors. They have a sense of excellence and highly self motivated which drives performance and achievement. Entrepreneurs work effectively in an impendent setting, and can flourish in an altruistic setting. We will write a custom essay sample on Characteristics of an Entrepreneur or any topic specifically for you Only $17.96 $11.86/page Keen observation and learning can help entrepreneurs to enhance their knowledge.