Definitions of an entrepreneur

By Priya Chetty on October 30, 2010

An entrepreneur is a person who combines various factors of production, processes the raw materials, converts the raw materials into a finished product and creates utility in the product and sells the product in the market in order to earn profit.

An entrepreneur is a person with unusual foresight who can recognize potential demand for goods and services. He reacts to economic change who become an economic agent who transforms demand into supply.

Entrepreneurs are innovators who use the process to shatter the status quo through new combination of resources and new methods of commerce to satisfy consumer wants and who enjoys monopoly profits.

Entrepreneurs create or identify an opportunity and pursue it by taking risk and then creating an economic organization for gain and /or growth.

Entrepreneurship is the result of disciplined, systematic process of applying creativity and innovations to needs and opportunities in the market place for attaining gain and / or growth.

Entrepreneurship is the quality of uncertainty bearing….coordination of productive resources ….introduction of innovations and the successful provision of capital for gain or/and growth.

Entrepreneurship involves any deliberate activity that initiates, maintains and grows a profit-oriented enterprise for production or distribution of economic goods or services.

Priya is the co-founder and Managing Partner of Project Guru, a research and analytics firm based in Gurgaon. She is responsible for the human resource planning and operations functions. Her expertise in analytics has been used in a number of service-based industries like education and financial services.

Her foundational educational is from St. Xaviers High School (Mumbai). She also holds MBA degree in Marketing and Finance from the Indian Institute of Planning and Management, Delhi (2008).

Some of the notable projects she has worked on include:

  • Using systems thinking to improve sustainability in operations: A study carried out in Malaysia in partnership with Universiti Kuala Lumpur.
  • Assessing customer satisfaction with in-house doctors of Jiva Ayurveda (a project executed for the company)
  • Predicting the potential impact of green hydrogen microgirds (A project executed for the Government of South Africa)

She is a key contributor to the in-house research platform Knowledge Tank.

She currently holds over 300 citations from her contributions to the platform.

She has also been a guest speaker at various institutes such as JIMS (Delhi), BPIT (Delhi), and SVU (Tirupati).

 

Discuss

5 thoughts on “Definitions of an entrepreneur”