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【正文】 ne, the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land, wages to labour, interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield. 1934: Schumpeter: Entrepreneurs are innovators who use a process of shattering the status quo of the existing products and services, to set up new products, new services. 1 7 Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall Entrepreneurial Activity Across the Globe 1 3 Ch. 1: The Foundations of Entrepreneurship Copyright 169。Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall EntrepreneurshipFriendly Nations 1 4 Ch. 1: The Foundations of Entrepreneurship Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall What is an Entrepreneur? 1961: David McClleland: An entrepreneur is a person with a high need for achievement [NAch]. He is energetic and a moderate risk taker. 1964: Peter Drucker: An entrepreneur searches for change, responds to it and exploits opportunities. Innovation is a specific tool of an entrepreneur hence an effective entrepreneur converts a source into a resource. 1971: Kilby: Emphasizes the role of an imitator entrepreneur who does not innovate but imitates technologies innovated by others. Are very important in developing economies. 1 8 Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall Sources of Entrepreneurial Success 1 12 Ch. 1: The Foundations of Entrepreneurship Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall . Retail ECommerce Revenues 1 16 Ch. 1: The Foundations of Entrepreneurship Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall The Cultural Diversity of Entrepreneurship ? Young entrepreneurs ? Women entrepreneurs ? Minorityowned enterprises 1 20 Ch. 1: The Foundations of Entrepreneurship (continued) Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall Small Businesses ... ? Make up % of th
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