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2010-10-21

Essential qualities of an entrepreneur for Scholar Robert. B. Reich


Essential qualities of an entrepreneur for  Scholar Robert. B. Reich Scholar Robert. B. Reich considers leadership, administration ability, and team-building as essential qualities of an entrepreneur. This idea has its start in the work of Richard Cantillon in his Essai sur la Nature du Commerce en General (1755) and Jean-Baptiste Say (1803 or 1834) in his Treatise on Political Economy. A more usually held theory is that entrepreneurs emerge from the population on demand, from the combination of opportunities and people well-positioned to take advantage of them. An entrepreneur may perceive that they are among the few to be familiar with or be able to solve a problem. It is very important to have good qualities and that will take you places which is very important.
In this vision, one study on one side the distribution of information available to would-be entrepreneurs (see Austrian School economics) and on the other, how environmental factors (access to capital, competition, etc) modify the rate of a society's production of entrepreneurs. A prominent theorist of the Austrian School in this look upon is Joseph Schumpeter, who saw the entrepreneur as innovators and popularized the uses of the expression creative destruction to describe his view of the role of entrepreneurs in changing business norms.





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