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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 What is an Entrepreneur? One who creates a new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying opportunities and assembling the necessary resources to capitalize on them. 1 6 Ch. 1: The Foundations of Entrepreneurship 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 The World of the Entrepreneur ? Every year . entrepreneurs launch 565,000 new businesses. ? Entrepreneurial spirit the most significant economic development in recent history. ? GEM study: % of adult population in the . is actively involved in trying to start a new business. 1 2 Ch. 1: The Foundations of Entrepreneurship Copyright 169。Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall 1 1 Ch. 1: The Foundations of Entrepreneurship 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。 2023 Pearson Education, Inc. Publishing as Prentice Hall The World of the Entrepreneur ? Global Entrepreneurship Monitor (GEM) study reports: ?Men are twice as likely to start a business as women. ?Most entrepreneurs turn to family members and friends for capital. ?Entrepreneurs are most likely to launch businesses when they are between the ages of 35 and 44. 1 5 Ch. 1: The Foundations of Entrepreneurship Copyright 169。 2023 Pearson Education, Inc. Publishing as Prentice Hall What is an Entrepreneur? 1803: JeanBaptiste Say: An entrepreneur is an economic agent who unites all means of production land of one, the labour of another and the capital of yet another and thus produces a prod