Historical Evidence of Entrepreneurship
A Short Writing on
'Historical Evidence of Entrepreneurship in Human Society'
Submitted To
Mr. Shahriar Kabir
Course Instructor
Course Title: Entrepreneurship
Course Code: Bus 416
Submitted By
Nafiz Imtiaz Noor
Class ID: 816
20th Batch
Date of Submission
17th April, 2014
Institute of Business Administration
Jahangirnagar University
Historical Evidence of Entrepreneurship In Human Society
Introduction
Though it’s a business management concept, Entrepreneurship can be best understood in terms of languages used in history. To become an entrepreneur one has to assume the risk of a business or enterprise and organize and manage it so that it gives the return on the capital employed. An entrepreneur does not have to arrange capital as this could be beyond your expertise. However, successful entrepreneurs of the past have been able to convince the financiers or venture capitalists that their idea and business practices are sound and that they in partnership, proper returns on the money invested can be gained.
The greatest entrepreneurs are those who revolutionize business, open opportunities for others and change the way we think and live. Their impact is felt for generations. Some of their names may not be familiar, but the impact of their accomplishments is enormous. The lessons we deduce from their ingenuity, spirit and determination are invaluable.
History of Entrepreneurship
First used in 1723, today the term entrepreneur implies qualities of leadership, initiative and innovation in manufacturing, delivery, and/or services. Credit for coining the term entrepreneur generally goes to the French economist Jean-Baptiste Say, but in fact the Irish-French economist
Richard Cantillon defined it first in his Essai sur la Nature du Commerce en Général, or Essay on the
Nature of Trade in General, a book William Stanley Jevons considered the "cradle of political economy". Say and Cantillon used the term differently, however.
It
'Historical Evidence of Entrepreneurship in Human Society'
Submitted To
Mr. Shahriar Kabir
Course Instructor
Course Title: Entrepreneurship
Course Code: Bus 416
Submitted By
Nafiz Imtiaz Noor
Class ID: 816
20th Batch
Date of Submission
17th April, 2014
Institute of Business Administration
Jahangirnagar University
Historical Evidence of Entrepreneurship In Human Society
Introduction
Though it’s a business management concept, Entrepreneurship can be best understood in terms of languages used in history. To become an entrepreneur one has to assume the risk of a business or enterprise and organize and manage it so that it gives the return on the capital employed. An entrepreneur does not have to arrange capital as this could be beyond your expertise. However, successful entrepreneurs of the past have been able to convince the financiers or venture capitalists that their idea and business practices are sound and that they in partnership, proper returns on the money invested can be gained.
The greatest entrepreneurs are those who revolutionize business, open opportunities for others and change the way we think and live. Their impact is felt for generations. Some of their names may not be familiar, but the impact of their accomplishments is enormous. The lessons we deduce from their ingenuity, spirit and determination are invaluable.
History of Entrepreneurship
First used in 1723, today the term entrepreneur implies qualities of leadership, initiative and innovation in manufacturing, delivery, and/or services. Credit for coining the term entrepreneur generally goes to the French economist Jean-Baptiste Say, but in fact the Irish-French economist
Richard Cantillon defined it first in his Essai sur la Nature du Commerce en Général, or Essay on the
Nature of Trade in General, a book William Stanley Jevons considered the "cradle of political economy". Say and Cantillon used the term differently, however.
It