Business English Lesson – Advanced Level's archive Entrepreneurial Behavior 1. The term 'entrepreneur' was introduced to economics by Richard Cantillon in 1755; since then, entrepreneurship and its central , the entrepreneur, have been the focus of numerous studies, including the qualities of entrepreneurial behavior, and corporate entrepreneurship. figure icon image symbol 2. Recently, a new stream of literature has formed strategic entrepreneurship (Hitt et al. 2002a; Meyer and Heppard). amid around through toward 3. This new area of research is different from what has been traditionally as strategic management research. identified listed pigeon-holed recorded 4. Instead of focusing on the that can be used to sustain competitive advantage (i.e., existing market position), strategic entrepreneurship is about recognizing and taking advantage of new profit opportunities. mechanics mechanisms techniques tectonics 5. A firm that manages for strategic flexibility and constant renewal is able to above-average profits and thus is rewarded for its entrepreneurial behavior. engender generate permutate proliferate 6. The return to entrepreneurial behavior is entrepreneurial rent, and unlike most factor costs, entrepreneurial rents are noncontractible; this is because the entrepreneur judgments to allocate resources in an uncertain environment. considers exercises passes reserves 7. Because the judgments are framed in an uncertain environment, the judgments themselves are uncertain and are thus ex noncontractible. ante cathedra gratia officio 8. Because entrepreneurship is not as as other factors, the analysis of payments to entrepreneurial behavior is complex. homogenous homologous homolytic homophobic 9. The aim of Ross and Westgren's paper is to include entrepreneurship in a model of the firm while reducing this dimensionality to two categories, arbitrage and innovation; they highlight what the entrepreneur receives for these activities and what governs their from the stream of profits. composition computation importation imputation 10. Following this model, entrepreneurial rents are then calculated for a three-site hog production farm. empirically hypothetically impulsively perfunctorily . Business English Lesson – Advanced Level's archive Entrepreneurial Behavior 1. The term 'entrepreneur' was introduced. profits and thus is rewarded for its entrepreneurial behavior. engender generate permutate proliferate 6. The return to entrepreneurial behavior is entrepreneurial rent, and unlike most. entrepreneur, have been the focus of numerous studies, including the qualities of entrepreneurial behavior, and corporate entrepreneurship. figure icon image symbol 2. Recently, a new stream