35 Definition of Entrepreneurship According to Experts

35 Definition of Entrepreneurship According to Experts, Characteristics, Purpose, and Theory – This time here we will discuss what entrepreneurship is, many of us may often hear this word.

Yes, entrepreneurship is an attitude or ability to create something unique and new that is of value and can be of benefit to others and to yourself. Entrepreneurship is a mental attitude & soul that is creative, active, creative, empowered in developing their business so that their income increases from the business or activity they are involved in.

Entrepreneurship comes from the word wira & effort, the word wira means hero or fighter, while business means action, attitude or doing something. According to Joseph Schumpeter (an innovator), entrepreneurs are innovators who change the market by combining many things or several new things.

As for something new, it can be in the form of:

• There are new products introduced
• There is a new production method introduced
• New market opening
• Obtaining new sources of supply for new components
• Implementation of a new organization in a company.

35 Definition of Entrepreneurship According to Experts, Characteristics, Purpose, and Theory

There are several experts who explain what entrepreneurship & entrepreneurs are like and their explanations:

Understanding Entrepreneurship According to Experts

The following is the definition of entrepreneurship according to experts based on the results of their research and experience.

1. Arif F. Hadipranata

Entrepreneurship is someone who takes the risks needed to manage & manage all affairs and receive a number of financial and non-financial benefits.

2. Thomas W Zimmerer

According to Thomas, entrepreneurship is the application of innovation & creativity to solve problems & take advantage of opportunities that other people face every day.

3. Andrew J Dubrin

Someone who runs and establishes an innovative business.

4. Robbin & Coulter

According to Robin, entrepreneurship is a process in which a person or a group of individuals use organized efforts and means to seek opportunities and create growing value by fulfilling needs and wants through innovation & uniqueness, regardless of resources currently used.

5. Jean Baptista Say

Entrepreneur is an agent who combines various means of production & finds value from what he produces.

6. Penrose

Entrepreneurial activity includes various opportunities identified in an economic system. Entrepreneurial ability or capacity is different from managerial capacity.

7. Raymond

According to Raymond, an entrepreneur is someone who is innovative, creative and able to realize his creativity in order to improve his own welfare in the environment and society.

8. Cashmere

Entrepreneurs are brave people who dare to take risks to open a business on various opportunities that exist.

9. Harvey Leibenstein

Entrepreneurship includes various activities needed to run & establish a company when the market is not yet formed / not yet clearly identified, or some components of the production function have not been identified fully.

10. Peter F Drucker

Ability to create or create something new & different.

11. Kathleen

It was explained that entrepreneurship is someone who runs, manages, and dares to take risks for the work he does in the business world.

12. Acmad Sanusi

Entrepreneurship is a value embodied in behavior that forms the basis of business goals, strategies, tactics, driving forces, processes and results.

13. Suharto Prawiro

Entrepreneurship is the value required to start a business and grow a business.

14. Frank Knight

An entrepreneur tries to respond & predict market changes. This explanation emphasizes the role of an entrepreneur in dealing with instability in market dynamics. An entrepreneur is required to perform all basic managerial functions like supervision & direction.

15. Mas'ud Machfoedz & Mahmud Machfoedz

Entrepreneur is someone who has the innovation to turn an opportunity into a sellable idea provide added value through effort, cost, time and skills that aim to produce profit.

16. Joseph Schumpeter

An entrepreneur is someone who gets an opportunity & creates an organization to pursue those opportunities.

17. Dan Stein and John F. Burgess

An entrepreneur is someone who organizes, manages and takes risks to create new business and business opportunities.

18. According to J.B Say

Entrepreneurs are entrepreneurs who can manage various resources owned economically & increase productivity from low to high.

19. Richard Cantillon (1775)

According to Richard Cantillon Entrepreneurship is the job itself (entrepreneurship). A businessman buys goods now at a certain price and sells them at an uncertain future price. So this definition places more emphasis on how a person deals with risk or uncertainty.

20. Raymond W.Y. Kao

Entrepreneurs are people who are able to create and design ideas into reality.

21. Schumpeter

Entrepreneurs are innovators who are not always inventors.

22. Shamsudin Suryana

Entrepreneurs are people who are confident, task and result oriented, people who dare to take risk management, direct leadership, strong innovation ability, and people oriented front.

23. Prawirokusumo

According to Prawirokusumo Entrepreneurs are those who make creative and innovative efforts by developing ideas and gathering resources to seek opportunities and improve life.

24. Penrose (1963)

Entrepreneurship is an opportunity in the economic system.

25. F. Hadiputra

Entrepreneurs are the risk takers required to organize and manage a business and receive financial or non-monetary benefits.

26. Decree of the Minister of Cooperatives and Development of Small Entrepreneurs Number. 961/KEP/M/XI/1995

• Entrepreneurs are people who have an entrepreneurial spirit, attitude, behavior, and abilities.
•  Entrepreneurship is the spirit, attitude, behavior and ability of a person in handling business or activities that lead to efforts to find, creating, and implementing new ways of working, technologies, and products in ways that increase efficiency in order to provide services and/or more Good. gain greater benefits.

27. Richard Cantillon

Entrepreneurs are people who can increase economic resources from low productivity to high productivity.

28. Wikipedia

Entrepreneurship is the process of identifying, developing and turning a vision into life.

29. Israel Kirzner (1979)

Entrepreneurs recognize and act on market opportunities.

30. Entrepreneurship Center at Miami University of Ohio

Entrepreneurship is the process of identifying, developing and turning a vision into life.

31. Gitosardjono

There are six essences of entrepreneurship, namely: a. Entrepreneurship is an ability to create something new and different. b. Entrepreneurship is a value that is manifested in behavior that is used as a resource, driver, goal, strategy, process and business results. c. Entrepreneurship is a process of doing something creative and innovative that is useful in providing added value. d. Entrepreneurship is a process of applying creativity and innovation in solving problems and finding opportunities to improve and develop business life.

32. Eddy Soeryanto Soegoto

Entrepreneurship is an innovative venture that is built on innovation to produce things new, add value, provide benefits, create jobs, and the results benefit people other.

33. Salim Siagian

Entrepreneurship is the spirit, behavior and ability to respond positively to self-serving opportunities and better service to customers/community, and create and deliver more useful things by implementing more effective working methods and taking risk. Products, innovation, innovation and skills management.

34. Stephen Robins

Entrepreneurship is the process of pursuing various opportunities to satisfy needs and wants through innovation.

35. Indonesia Dictionary

Entrepreneurship is a wise move to identify new products, define new production methods, manage new product manufacturing operations, manage operating capital and marketing.

Entrepreneurial Characteristics

The following are the characteristics of entrepreneurship:

• Confident with the product that is owned
• Get to know more of the products
• Don't argue with the prospect
• Communicative and friendly negotiations in service
• Polite, honest and brave
• Make transactions

Entrepreneurial Goals

The goals that must be owned by an entrepreneur are:

• Work hard and be determined to increase the number of outstanding entrepreneurs, in other words, participate in recruiting prospective entrepreneurs to build a better business network.
• Participate in realizing entrepreneurial abilities to improve the welfare and prosperity of society and the country
• Participate in cultivating and developing a strong entrepreneurial awareness and orientation.
  • Disseminate and create an entrepreneurial culture with character around it, especially in the community
• Develop in the form of innovation and creation in order to create dynamics of entrepreneurship or the business world so as to achieve prosperity.

Entrepreneurship Theory

The following is the theory of entrepreneurship, namely:

Neo Classic

This theory views the company as a technological term, where management only knows costs and company income and only do mathematical calculations to determine the optimal value of the variable decision.

Kirzerian Entrepreneur

Kirzer's theory highlights human performance, tenacity, seriousness, sincerity, independence in doing business, so that going back and forth from a business depends on the effort and tenacity of the entrepreneur himself.

Behavior Theory

This theory highlights how an entrepreneur must have skills in managing a business, managing finances and related matters, building networks, and marketing products, it takes someone who is outgoing and outgoing to move forward business.

Thus the explanation of our discussion regarding 35 Definition of Entrepreneurship According to Experts that we can understand, hopefully can add to our knowledge. Thank You.