The entrepreneur and practice of innovation

That means a person who have ability to the investment of the capital, utilize all resources of the factor of production, taking decision, and have assumption of risk against the profit. 
 
Entrepreneur a person, who seeking all resource of factor of production, resource management, behavior, cultural, financial, economical and political for establishing, invention and founded enterprise, have assumption of risk against profit and future growth. 
 
Keywords: Entreprenuer 
 
Working Paper Series


According to Dictionary (webster)
" On who organizes, manages and assumes the risks of a business or enterprise."

According to the Dictionary of Economics
The life and soul of the capitalist party.Somebody who has the idea and ENTERPRISE to mix together the other FACTORS OF PRODUCTION to produce something valuables.An entrepreneur must be willing to take a RISK in pursuit of a PROFIT.There all resource are applies to the economic developments and growth of small scale industry as well as large scale industry.

Short History of word of 'ENTREPRENEUR'
The word 'ENTREPRENEUR' is derived from the French word 'ENTERENDRE' that means 'to undertake'.
Electronic copy available at: http://ssrn.com/abstract=1156285 In the early 16 th century, the Frenchmen who organized and led military expedition were referred to as 'entrepreneur' .Around 1700 A.D., the term used for contractor of public works.
The term Entrepreneur was firstly applied to the business by the French Economist CANTILLON in the 18 th century.Cantillon developed one of the early theories of the Entrepreneur and is regarded by some as the founder of the term.He have viewed the entrepreneur as a risk taker, observing that merchant, farmer, craftsman and other sole proprietor.
"Buy at a certain price and sell at an uncertain price, therefore operating at the risk." The word "Entrepreneur' is a loanword from French.In French the verb " Entreprendre" means "to undertake', with "Intre' coming from the Latin word meaning "Between' and "Prendre" meaning "to take'.In French a person who performs a verb, has the ending of the verb changed to "eur", comparable to the "er" ending in English.
Enterprise is similar to and has roots in the French word "Enterprise ', which is the past participle of "Entreprendre".
Entrepreneur is similarly the French feminine counterpart of the " Entrepreneur".Peter F. Drucker :-An entrepreneur as one who always searches for changes, respond to it and exploits it as on opportunity.Innovation in the pacific tools of entrepreneur, the means by which they exploit change as an opportunity for a different business or service.

Mohd. Arif :-
Entrepreneur a person, who has initiative in investment and decision, seeking all resource of factor of production, resources of Management, Behavior, Cultural, Economical and Political factor for establishing, innovation and founded enterprise, having assumption of risk, profit and future growth.
11-Analysis of assessment of risk.
These are organizational functional activity.When there perform in organization that is called Entrepreneurship.

Entrepreneurship :-
Entrepreneurship is the function of Entrepreneur.All organizational and management activity which are performs by entrepreneurs that is called entrepreneurship.
That is the entrepreneurial action, which act by the entrepreneurs, these action or activity proceed to the process of achievement of end result.In other words we can say that Entrepreneurship is the middlemen clause between entrepreneur and enterprise. Entrepreneur

Mohd. Arif :-
Action and operation of all organizational and management activity (factor of production, economic, political and behavioral activity), which perform by entrepreneur for an enterprise, for achievement of enterprise goal.That is called entrepreneurship.

INNOVATION
According to Websters :-"The introduction of something new." Innovation an idea, creating and making with planning, no only technological.But also management, financial, behavioral, political, cultural and psychological in every field business or non profit organization.
In the innovation we making different stimuli from the external environment and apply to the internal form of the organization.
Different types of innovation used in business.

2-
Introduction of new method of the production system.

4-
Create new demand and supply.
5-New human relation technique.

6-
Using the new strategic management.The firs four source lie that within the enterprise, whether business or public services institutions, non profit organization, or within an industry or service sector.There are therefore visible to people within that industry.or service sector.
They are basically symbol.But they are highly reliable indicator of changes that already happened or can be made to happen with small effort.
These four source areas are :-
The unexpected failure.
The unexpected outside event.
That is unseened opportunity, problem, success, failure and growth.

2-The incongruity :-
Between reality as it actually is and reality as it assured to be or as it "right to be".
That is difference between actual and standard.

3-Innovation based on process needs :-
Needs, wants, desire and expectation.

4-
Changes in industry structure or market structure :-That Catch everyone unawareness.
Identified the awareness.
The second set of sources for innovation opportunities, a set of these, involves changes outside the enterprise or industry.These seven source require separates analysis for each has its own distinct character.

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Entrepreneur is an person who have initiative in investment and decision to the enterprise." ............... Arif That means a person who have ability to the investment of the capital, utilize all resources of the factor of production, taking decision, and have assumption of risk against the profit.Entrepreneur a person, who seeking all resource of factor of production, resource management, behavior, cultural, financial, economical and political for establishing, invention and founded enterprise, have assumption of risk against profit and future growth.
Entrepreneur as a person who only provides capital without taking active part in the leading role in Enterprise.Joseph A. Schumpeter :-Recognized person who introduce innovation, changes and entrepreneur the treated entrepreneur as an integral part of Economic growth.The fundamental source of equilibrium was the entrepreneur.

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applied to initiating or improving a product, process or services..................Stephen P. Robbins "Innovation ............... is generally understood as the successful introduction of a new thing or method .............. innovation is the embodiment, combination or synthesis of knowledge in original, relevant valued new products, Innovation like many business function, is a management process that requires specific tools rules, and discipline."................Davila "All innovation begins with creative ideas .............. we define innovation as the successful implementation of creative ideas within an organization.In this view, creativity by individuals as teams is a starting point for innovation, the first ins necessary but not sufficient condition for the second."economic innovation in the theory of economic development, 1934, Harvard University.The introduction of a new good-that is one with which consumers are not yet familiar -or of a new quality of a good.The introduction of a new method of production, which need by no means be found upon a discovery scientifically new, and can also exist in a new way of handling a commodity commercially.The opening of a new market, that is a market into which the particular branch of manufacture of the country in question has not previously entered, whether or not this market has existed before.The conquest of a new source of supply of raw materials of half-manufactured goods, again irrespective of whether this source already exists or whether it has first to be created.The carrying out of the new organization of any industry, like the creation of a monopoly position (for example through trustification) or the breaking up a monopoly position.According to Peter F. Drucker :-Innovations organization first know what "innovation" means.They know that innovation is not science or technology, but place inside on organization but is a change outside.The measure of innovations is impact on the environment.Innovation is a business enterprise must therefore always be market -focused.Innovation that is product -focused instead is likely to produce "Miracles of technology" but disappointing reward."Only when a new product or a new business has been established in the market has there been an innovation."Innovation is the specific tool of entrepreneur, the means by which they exploit change as an opportunity for a different business or a different services." Innovation have importance in growth and development of business, and any change and complexities can not differ it'.It is the act that endows resources with a new capacity to create wealth.Innovation, indeed, creates a resource.There is no such thing as a "resource" until man find a use for something in nature and this endows it with economic value." The innovation practice formed by entrepreneur, as economic , business and government policy.But the major parts used in the economics.The goal of innovation is the positive change, to make someone or something better, and make operation management in existing unit or business.Innovation leading to increased productivity, efficiency and effectiveness is the fundamental source of develop wealth in an economy.In the organizational context, innovation may be linked to performances, growth and development through improvement in efficiency, productivity, quality, competitive position, market share, growth of market etc.All types of organizations can innovate including for examples hospitals, universities and local government.Characteristics of Innovation :-According to P.F.Drucker -have certain characteristics in common:top management, plays a different role and has a different attitude in an innovative organization.is change something new", and it is change that always provides the opportunity to the new and different."Systematic innovation therefore consist in the purposeful and organized search for changes, and in the systematic analysis of the opportunities such changes might offer for economic or social innovation."The systematically, formally and planned innovation given the meaningful result and the process of seeking for changes, and systematic analysis of the future growth, these change are innovation, specifically, systematic innovation means monitoring the seven sources for innovation opportunity.
(both scientific and non scientific)