trtvege 13 MMake o research paper about the nature aod origin of tatrepreneurehiP Write down and diccuss the timeline oF utrepreneurehip's — evohution- THE HISTORY OF ENTREPRENEURSHIP He etymology “entrepremeut” is a loanword from French’ ; eErtreprende” (0 verb in french) means “to undertake etn Sanskrit, “Antha—prerna’” (which counds clase +5 entrepreneur) means “Culp wptivated ” Richard Cantillon He was Ye gicst Peron to use dhe term “entrepreneur” mn can economic sence in is, book “Essay tn the Nature oF fomnerce” which was published in 55 apttr is death. In his words, Nentrepreneur” arplied 45 anyone whe bought ar made a product at a Certain est to sell at am me prict «In Wis ducription i deeribed the work ‘ep Ony celf--empleyec’ people uch” as formers, woHey - corrars, brewers, haba en , thimmeyeviceps and so forth. Jean Baptiste Lay Saya French economirt ,y often believed tn have coined the word “Entrepreneur” because he had provided a deginitive explanation of the entrepreneurial role as “the me who undertakes an anterpris¢, especially a emtracter, acting as inkermediatory between eagital and jabour”. te |. suid that “the Entrepreneur shifts economic. yesourtes Out oF om are a lower and ike an area of higher productivity and it ‘siinaighg fetaJHE TIMELINE EAguEST PERIOD Marto Polo attempted 40 establish trade routes 40 the For tast. Ar 4 go-berween, more> Polv would sign & contract with a monty person (gore- runner of todays venture tapitalist) $0 Sell his gouds, A tommon contract during nis Hime provided a loan 4o the merchant- adventurer at q 2S pertent rote, including tnsurance. While the eaprtaliot welt a passive risk bearer, Hie mérchant= adventurer ook the active role m’4tading , bearing all al) Hoe prysical ond emotional rishs- hippie AGES tn the Middle Ages. the erm entrepreneurs vsed 40 deserbe both an actor ond a person who managed large productinn projects. +A Aypical entrepreneur ih the Middle Ages wos the thei’ the persdan in tharge ve Great avchitectmral works ,such as castles and” fort gication, public buildlings , abbeys and cathedrals. 11th Century "Richard Cantillon » % mobtd economist and amhor in de 17008 , Cantillon develeped one OF the early theorits if the tutrepreneur and is regarded by seme as the founder of the drm. He viewed dhe entrepreneur ae a rick taker, Observing that merchants, ¢armecy Craptsmen, and ctnel Selt proprietors ‘buy at a certan pitt and self at an uncertain pritt, thertere Soerashing at a risk. loth CENTURY “the person wvitn capital was digpertntiakd frm tne tne who needed tapita| Tn other nerds, the erirtpremeur was distinguished from he capital powder (he present-day ventiire capitalist): Ope reason for 4nis digzerentioction was the industrinfieation occuring toranpheut the world- ‘Many of the inventions developed during his time mere reachong fr the changing world, a5 wos the cast with fhe inventions of Eli whitney and Thomas Edison.\adh and toh CENTURY u tty die lote tath and early goth tenturits, etre prenturs were freanently wt fistinguished from managers and were ened mostly from an rm tae is one of dine best examples OF dhis dear ton oe en venktd noting, but rather odapted and developed new Hehnelogy in te products Fo achveve etononn viol aly dhe middle of the 20th century, the notion OF on entveprenur ay an innvuatee was ectaplished | toe gunchon of dhe entrepreneur Is tr reporm oy revolutioniee the partern oF produchan by explsiting an invention er, mote generally, an uated Hech— nological method of prediicing o new tomnod? ty producing an old ore in a new way, tpening a ney Sour OF cupplt vf morkeials or 9 hen) oull¢t for products, by trganiting oO new industry. The tencept of innovation and newness is am akegral port of twbrepremeushjp in Foi deginition. Indel, innovation , the act % imroducing Something nen, 1S tne of The entrepreneur. He dakes not andy ta abil to create ancl con teptualiet but ako the ath lty 4 create and conaptualian but also the ability to understond ay) Jie forts of aprk ih dhe onipnments GREATEST ENTREPRENEURS OF ALL time “Benjamin Franklin mon antior, a prinite, an inventor (Fre lightning rod, bijecals) and o very santy business man who. kneny Men to tomer cial he grits of his petile ming. ethamas Edlisen am He wos able ty exploit the ropit potential ia his treations, a eortpremeurial bent thert osserkad iteelp when Edison was ov fean- ager printiog a pencpaper in the baggage car of a Frnlling froin ond then Salling pits ts passengers+ Benjamin Siegel am Ye single - handedly insentd Las vegas, and ther 4 stretch » but he wos fhe pust to see what the own conld become: a lush oat of pleasure where gambling was just ene oF the athactons: © He Ross Perot ne His idea wat the lange torporations and organi eottims ncedeal data - processing hely ip they mare 4s take full advantage %f compute Aechnology: when in the mid— ‘00g he won contracts Wi duo new Federa) health-care programs -~ Medicart and meditaid-— EDS was ppF ond running and Perot was tn his way +o belng me oF Aumerito's rivhest citi gens: «JOS ond WOLNIAE ae the compu}ers. «Bill Gates ap the worlds most inplueatial get, he helpecl usher in the pedorah computer revofuHon: Non he is tackling tre stubbornly dificult ; challenges of glubal health and public education os the world’s mot generous philantarepitt fred Smith » despite the sory that fred Smith came up with dhe idta par Federnl Express in a erm paper for o Yale University class, it ving nig entrepreneurs Aaperitnee during tne Vietham War Yhok really allowed Smith to glimpse the urbane: Reg erences: FERNANDEZ , P-A.K., VARGAS ; 1 M-S-yBBM~MBA Cla willy. 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