The True Origin Of The Word Entrepreneurship Essay

The word entrepreneurship is a very diverse on what it means. The true origin of the word entrepreneur come from the word â€Å"entreprende† which is a French word that means â€Å"to undertake†. In the eighteenth century, a businessman named Richard Cantillon referred to entrepreneurs as â€Å"undertakers†, making him the first person to use the word in a business aspect. Today the word entrepreneur has been adopted to describe a specific group of people with certain characteristics. Today, Pinchot university and their modern definition to the word Entrepreneurship â€Å"is the willingness to take risks and develop, organize and manage a business venture in a competitive global marketplace that is constantly evolving Entrepreneurs are pioneers, innovators, leaders, and inventors†. Entrepreneurship is the career path the person on that career path is called an entrepreneur. Based on the definition given to us by pincheot university. We can consider an entrepreneur a person who has an impact on our economy. How good entrepreneurs are considered innovators which, paraphrasing it means to create something new or make an existing product better? Throughout history, there have seen people who created something that in one way or another shaped the world into what it is. Through their innovation they create new company’s hire people who then contribute to paying taxes boosting that nation’s economy. Furthermore, the products that entrepreneurs create can help better our lifestyles. For example,Show MoreRelatedSearch Of Noble Organizing : A Study On Social Entrepreneurship864 Words   |  4 PagesIn Search of Noble Organizing: A Study in Social Entrepreneurship Alka Srivastva studied the potential behind noble intentions and actionable social purpose. The reciprocal relationship between ethical behavior and value based activities depends heavily on the entrepreneurship mindset, personality, and economic values. 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