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4 Οκτ 2024 · Study with Quizlet and memorize flashcards containing terms like Goals, Robert Lafollette, Muckrakers and more.
4 Οκτ 2024 · Study with Quizlet and memorize flashcards containing terms like What is a entrepreneur?, Why were more people being considered as entrepreneurs in the 1800s?, What were another example of entrepreneurs were and more.
Study with Quizlet and memorize flashcards containing terms like Entrepreneur, Industrialist, Innovator and more.
Impervious to reformers’ misgivings, other businessmen followed Rockefeller’s example. By 1905, over three hundred business mergers had occurred in the United States, affecting more than 80 percent of all industries.
By the 1940s, a number of historians, inspired in large part by the Schumpeterian concept of entrepreneurship as an agent of change in the economy, began to push empirical business history beyond the earlier biographical studies of entrepreneurs to higher levels of conceptualization.
This article highlights Schumpeterian market-power and creative-de-struction effects in a sample of early-twentieth-century U.S. industrial firms; his contention that an efficiently functioning capital market has a positive effect on the rate of innovation is also confirmed.
In 1985, Peter Drucker, the late management expert, defined entrepreneurship as “the act that endows resources with a new capacity to create wealth,” 1 among the most specific and meaningful definitions of the term.
